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807 Russell Alley, Wilmington, NC, 28401

1beds
1baths
957sqft
$399,000
$417price/sqft
$2,515/moest. monthly cost
$100,600/yrincome needed

About This Home

As seen on HGTV's Good Bones New Beginnings, this home is a must see! Fantastic 1 bedroom, 1 bath home with a spacious loft/flex area on the 2nd level. Completely rebuilt from the foundation up. Inside you will find an amazing space with White Oak floors, an efficient kitchen, a nice sized living area, a first floor primary bedroom, and a fun and unique full bathroom. Upstairs, a large loft/flex area has been added with custom built Murphy beds perfect for guests, relaxing, or a home business. Outside you will find brand new solar panels, a low maintenance outdoor space with a custom, hand painted mural painted by a local artist. An electric EV car charger and driveway with a parking space and fence add to the charm of this beautiful home. Conveniently located near Castle Street's Art and Antique area, the Cargo District, restaurants, shops, parks, bike paths, schools, ILM airport, downtown Wilmington and area beaches.

Getting Around

76
WalkingVery Walkable
36
TransitSome Transit
68
BikeBikeable

Schools

5/10
6/10
Williston MiddleGrades 6-80.3 mi
3/10
New Hanover HighGrades 9-120.8 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2024

Materials

  • Foundation: Crawl Space
  • Roof: Shingle
  • Construction materials: Wood Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Bonus Room

  • Level: Second

Dining Room

  • Level: Main

Features

  • Master Downstairs,Vaulted Ceiling(s)

Heating & Cooling

  • Heating features: Electric,Forced Air,Heat Pump,Solar
  • Cooling features: Central Air

Interior Area

  • Total structure area: 957
  • Total interior livable area: 957 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: R05410019015000
  • Zoning: R-3
  • Special condition: Standard

Features

  • Levels: One and One Half
  • Stories: 2
  • Patio & porch: Deck,Patio,Porch
  • Fencing: Metal/Ornamental,Back Yard
  • Living area range: 800 - 999

Lot

  • Lot size dimensions: irregular

Parking

  • Total spaces: 1
  • Parking features: Electric Vehicle Charging Station(s),On Site
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

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
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Ice Storm
Tornado
Tsunami

FEMA Declared Disasters in New Hanover County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$112$1,344
Property Taxes $186$2,232
Electricity $200$2,405
Total$2,515$30,180
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,228/yr
40% on housing$75,450/yr
45% on housing$67,066/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

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.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$417This listing

vs Other Active Listings

Avg $/sqft

ZIP 28401$203
New Hanover County$308

vs Homes Sold Last Month

Median $/sqft

ZIP 28401$265
New Hanover County$260

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

DateEventPrice
2025-06-12Listed for sale$449,000
2025-05-01Listing removed$449,000
2025-03-21Price change$449,000
2024-11-06Listed for sale$500,000
2023-02-08Sold$70,000
2023-01-26Pending sale$85,000
2022-12-30Price change$85,000
2022-12-22Pending sale$94,500
2022-11-18Listed for sale$94,500
2022-08-04Pending sale$94,500
2022-06-23Listed for sale$94,500
2022-05-21Listing removed--
2021-12-27Listed for sale$94,500
2021-05-28Sold$60,000
2021-03-18Listing removed--
2019-01-23Listing removed$775
2019-01-15Listed for rent$775
2018-11-05Listing removed$775
2018-11-03Listed for rent$775
2018-03-07Listing removed$42,500
2017-08-25Listed for sale$42,500

New Construction

AgentDebbie Hopper
BrokerageDebbie Hopper Real Estate Group LLC

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