516 Grace St
Wilmington, NC 28401
3 bd 3 ba 2,094 sqft Built 1907 Lot 4,792 sqft multi_family
Most recent sale
$350,000
Sep 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 27, 2022 | Sold | $350,000 | MLS #100334233 |
| Jun 26, 2022 | Price changed | $399,900 | MLS #100334233 |
| Jun 17, 2022 | Listed | $425,000 | MLS #100334233 |
| Dec 28, 2007 | Sold | $225,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $332,800 | $94,900 | $427,700 | $2,219 |
| 2024 | $332,800 | $94,900 | $427,700 | $2,278 |
| 2023 | $210,300 | $51,600 | $261,900 | $2,213 |
| 2022 | $207,900 | $51,600 | $259,500 | $2,205 |
| 2021 | $207,900 | $51,600 | $259,500 | $2,220 |
| 2020 | $212,500 | $49,700 | $262,200 | $2,762 |
| 2019 | $212,500 | $49,700 | $262,200 | $2,762 |
| 2018 | $212,500 | $49,700 | $262,200 | $2,762 |
| 2017 | $212,500 | $49,700 | $262,200 | $2,762 |
| 2016 | $158,400 | $51,200 | $209,600 | $2,322 |
| 2015 | $158,400 | $51,200 | $209,600 | $2,219 |
| 2014 | $158,400 | $51,200 | $209,600 | $2,125 |
| 2013 | $158,400 | $51,200 | $209,600 | $2,104 |
| 2012 | $158,400 | $51,200 | $209,600 | $2,104 |
| 2011 | $67,770 | — | $67,770 | $1,617 |
| 2010 | $167,965 | $25,661 | $193,626 | $1,617 |
| 2008 | $167,965 | $25,661 | $193,626 | $1,455 |
| 2007 | $159,749 | $25,661 | $185,410 | $1,334 |
Property facts
Year built
1907
Property type
multi_family
Stories
2
Beds
3
Baths
3
Living area
2,094 sqft
Lot size
4,792 sqft
ZIP code
28401
City
Wilmington
Street
Grace St
Coordinates
34.23910, -77.94275
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,827
Gross rental yield
9.69%
Implied cap rate
6.30%
Trend-extrapolated value
—
Frequently asked questions
When did 516 Grace St last sell?
516 Grace St most recently sold on Sep 27, 2022 for $350,000.
What is the current tax assessment for 516 Grace St?
The most recent total assessment for 516 Grace St (year 2025) is $427,700 with $2,219 in property tax.
How does 516 Grace St's assessment compare to its last sale price?
The current assessment is 22.2% above the last sale price of $350,000.
When was 516 Grace St built?
516 Grace St was built in 1907.
How does 516 Grace St compare to others on Grace St?
We track 8 other properties on Grace St. Browse the list under "Other properties on Grace St" to compare beds, baths, and sale history.
What are the property facts for 516 Grace St?
516 Grace St is a 3 bed, 3 bath, 2,094 sqft, 4,792 sqft lot multi_family.
Is 516 Grace St a flip candidate?
No — 516 Grace St does not appear in our flips dataset.
Is 516 Grace St a tax-appeal candidate?
Yes — 516 Grace St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.3%
Implied 1-yr
+1.3%
2026 Q3
$414.1K
2026 Q4
$415.4K
ZIP 28401 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Grace St