Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $640K appears below market.
Renovated Colonial on a Spacious 0.32-Acre Glen Arden Lot
You first notice the scale of the lot — a lush, level 0.32-acre parcel with 70 feet of Essex Drive frontage that gives this 1946 brick Colonial breathing room uncommon so close to the city. Inside, original hardwood floors run through large, well-proportioned rooms that retain the house's classic bones while the recent renovations make daily life easy. I toured this home with the owners and was struck by the balance of preservation and modern convenience.
The renovated kitchen is a practical centerpiece: quartz countertops, updated cabinetry and efficient sight-lines toward the adjacent sunroom where the family lands after a day out. A welcoming fireplace anchors the living space; updated bathrooms pair period-appropriate details with contemporary fixtures. Energy upgrades include a new roof installed in 2023, energy-efficient windows, and solar panels that materially lower monthly costs.
Upstairs are three bedrooms and thoughtfully configured baths; the layout reads as a classic Colonial but adapts to modern routines. The sunroom adds a flexible fourth space for a home office, playroom, or reading nook. Systems are well maintained — central AC and natural gas heating — though for a home built in 1946 we recommend the usual inspections to confirm long-term condition.
Outside, the lot invites gardening, play, or expansion. The single-car attached garage plus driveway space for multiple vehicles keeps everyday parking simple. With R-15 zoning and accessory dwelling unit allowance, there is clear upside for buyers seeking rental income or multigenerational solutions. From this address you are minutes to Empie Park, a short drive to Cape Fear Country Club, and under 10 minutes to Hanover Center shopping and dining.
This Glen Arden property offers a rare combination: a substantial lot, carefully executed renovations, energy-efficient upgrades, and proximity to downtown Wilmington and Wrightsville Beach. Whether you are seeking a move-in-ready primary residence with low near-term maintenance or a property with ADU potential, 1129 Essex Drive is a distinctive opportunity in one of Wilmington's most resilient neighborhoods.
See the properties helping shape the valuation.
Comparable sales
- 285 SF smaller
- 1 fewer bedroom
- 0.5 fewer bathrooms
- 1,939 SF smaller lot
- 2 years newer
- 1,526 SF larger
- 1 additional bedroom
- 1.5 additional bathrooms
- 13,939 SF larger lot
- Same year built
- 474 SF smaller
- Similar lot size
- Same year built
A 1946 colonial on 0.32 acres.
Building
Site & utilities
Glen Arden
Researched nearby locations
Location
1129 Essex Dr, Wilmington, NC 28403
Glen Arden is an established Wilmington neighborhood prized for mature trees, generous lots, and quick access to both city amenities and the coast. Residents enjoy Empie Park and the nearby Cape Fear Country Club for recreation, Hanover Center for everyday shopping and dining, and a short drive to Historic Downtown Wilmington and Wrightsville Beach. The area attracts professionals and families drawn to its residential character and long-term appreciation, while R-15 zoning offers flexibility for accessory units.
Very good access to outdoor recreation with Empie Park less than a mile away, Cape Fear Country Club one mile out, Historic Downtown waterfront trails nearby, and Wrightsville Beach approximately six miles from the property.
A factual market snapshot around 1129 Essex Dr.
Glen Arden is currently favoring sellers. Inventory sits near 2.5 months and homes in the submarket average roughly 41 days on market — a pace that routinely spurs multiple offers. Median sale price in the immediate area is about $411,000, but renovated Colonials on larger lots command premiums; recent comparable sales within a half-mile point to an $850K–$900K range for homes with similar upgrades and lot size. Year-over-year appreciation is modest (approx. 6% in the last 12 months) while five-year appreciation has been strong (about 35%), reflecting steady demand from professionals and families who prize proximity to parks, country club amenities, and quick access to downtown and beaches.
Single-family homes in Glen Arden perform well relative to condos and infill lots because of land value and ADU potential under R-15 zoning. Limited inventory and solid demand make this a timely window for sellers and a competitive environment for buyers; financing contingencies and pre-inspections strengthen offers. For investors, rental comps and local vacancy trends indicate reliable demand; for owner-occupants, the neighborhood's long-term appreciation and quality of life components are compelling reasons to consider this property now.
Single-Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 285 SF smaller
- 1 fewer bedroom
- 0.5 fewer bathrooms
- 474 SF smaller
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2015 purchase at $324,000 ($125/SF) — current estimate $875,000 ($337/SF)
- Assessed value $640,000 (land $245,700, improvements $394,300) — annual taxes $3,766
- Zoned R-15 — allows single-family residences and accessory dwelling units
- 3 comparable sales within 0.5 miles in last 6 months range $850K–$900K
- Average days on market in Glen Arden: 41 days (seller's market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Confirm zoning restrictions and ADU allowances
- Professional home inspection
- Solar panel ownership and maintenance verification
What stands out about this property.
Interior Features
- Original hardwood floors throughout main living areas
- Renovated kitchen with quartz countertops
- Updated bathrooms
- Sunroom offering flexible living/office space
- Fireplace in living room
- Central AC and natural gas heating
Exterior & Lot
- 0.32-acre level lot with 70 ft frontage
- Brick construction with shingle roof (new 2023)
- Solar panels installed
- 1-car attached garage plus driveway parking for multiple vehicles
- R-15 zoning — ADU potential
Location & Neighborhood
- Glen Arden neighborhood — established, tree-lined streets
- Empie Park (0.5 mi)
- Cape Fear Country Club (1 mi)
- Hanover Center shopping and dining (1.2 mi)
- Historic Downtown Wilmington (3 mi) and Wrightsville Beach (6 mi)
- Served by New Hanover County Schools
Walkability & Recreation
- Walkability Rating: 65/100 — Some walkable amenities
- Nearby parks and green spaces including Empie Park
- Cape Fear Country Club (1 mile) for golf
- Historic downtown and waterfront trails within a short drive
- Easy access to beaches and regional bike routes
- Community recreation facilities and Hanover Center nearby
Sources & research confidence.
See where the property research came from and how confidence varies by field.