INNOVATE Real Estate
Single Family Residence at 1201 Grace Street, Wilmington, NC 28401
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48 photos

$299,000

1201 Grace Street, Wilmington, NC 28401
Wilmington, NC 28401
Listed by Cassie L Iventosch · The Saltwater Agency LLC
Bedrooms
2
Bathrooms
2
Living area
1,016 sqft
Year built
1920

About this home

**Price Improved** 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*.

Highlights

Fireplace

Property details

MLS
Hive MLS
MLS #
100586386
Property type
Single Family Residence
Subdivision
Rankin Place North
Status
Active
Days on market
117
On market date
July 3, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.12 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
A H Snipes Academy of Arts/Des
0.82 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
2.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
391
Student:teacher ratio
10.6:1
District
New Hanover County Schools
Middle
Williston Middle
0.67 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
1.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
698
Student:teacher ratio
12.7:1
District
New Hanover County Schools
High
Isaac M Bear Early College High School
3.34 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
230
Student:teacher ratio
23.0:1
District
New Hanover County Schools

Walkability

Blended score for Wilmington's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

73
Walkable
out of 100
EPA National Walkability Index
14.5 / 20 -- Above average walkable

Market position

How this listing compares to current activity in Wilmington, from live MLS data.

On the market 117 days -- 17 more days than Wilmington's current average of 100 days.
For reference, the median list price across 1,423 active listings in Wilmington right now is $419,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,951/mo
$59,800 down
$239,200 loan
Principal & interest$1,551
Property tax (est.)$249
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.