1201 Grace Street, Wilmington, NC, 28401
About This Home
Welcome to this charming downtown Wilmington cottage where nearly every surface has been updated. With 2 bedrooms, 2 full bathrooms, and a flexible bonus room that's ideal for a home office, guest room, or hobby space, the layout offers versatility without sacrificing charm. The custom kitchen features quartz countertops, a natural gas range, quality cabinetry, and beautiful finishes that complement the home's original character. Graceful archways, abundant natural light, new LVP flooring, and new windows create a bright, inviting feel throughout. Recent improvements include an HVAC system less than five years old, natural gas heat, and a Rinnai tankless water heater. Outside, the fully fenced backyard provides plenty of space to relax, entertain, garden, or let pets roam, while off-street parking is a rare convenience in this downtown location. Situated on Grace Street, you're just blocks from HighWire Brewing, Folks Cafe, neighborhood coffee shops, local fitness studios, and the best of downtown Wilmington. With no HOA and investor-friendly potential, this home offers flexibility whether you're looking for a primary residence, a second home, or an investment property. *Virtual staging on select photos*.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Crawl Space
- Roof: Shingle
- Construction materials: Wood Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Basement: None
Bedroom2
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Master Downstairs,Eat-in Kitchen
- Attic: Access Only
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,016
- Total interior livable area: 1,016 sqft
Kitchen
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: First
Office
- Level: First
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: R04814024007000
- Zoning: R-5
- Special condition: Standard
Features
- Levels: One
- Pool features: None
- Patio & porch: Deck,Porch
- Fencing: Back Yard,Wood,Fenced
- Has view: Yes
- View description: None
- Waterfront features: None
- Frontage type: See Remarks
- Living area range: 1000 - 1199
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: irreguler
Parking
- Parking features: On Street,Off Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Winter Weather
- Ice Storm
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New Hanover County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,668 | $20,016 |
| Home Insurance * | $93 | $1,116 |
| Property Taxes | $154 | $1,848 |
| Electricity | $200 | $2,405 |
| Total | $2,115 | $25,380 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-03 | Listed for sale | $330,000 |
| 2020-07-02 | Sold | $134,500 |
| 2020-05-19 | Pending sale | $134,500 |
| 2020-05-16 | Listed for sale | $134,500 |
| 2017-05-05 | Sold | $79,000 |
| 2017-04-20 | Pending sale | $85,900 |
| 2017-04-17 | Listed for sale | $85,900 |
| 2010-07-11 | Listing removed | $125,000 |
| 2009-11-25 | Listed for sale | $125,000 |
| 2005-08-01 | Sold | $113,500 |
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