Historic Property: Molly Smith Thompson House can be saved for $19,000 (plus restoration)

Located on North Virginia Street in Goldsboro’s Historic District, the Molly Smith Thompson House is one of five properties, all adjacent to one another, that Preservation North Carolina has recently purchased. All of these properties will be sold with Protective Covenants and Rehabilitation Agreements attached, ensuring that each house will be returned to its original splendor properly, and in a timely manner.

Built in 1901, this charming Victorian takes its name from Molly Smith Thompson, who lived in the house from 1912 through the 1960s. An excellent example of the Queen Anne style, the exterior of the house boasts sawn decorative shingling in the front gable and a bracketed cornice encircling the structure. The full-length, spacious front porch retains its original attractive spindlework and turned Queen Anne porch posts. Interior details include the handsome stair with turned balustrade, and spacious, high-ceilinged rooms. A first floor bay window, a mainstay of Goldsboro architecture from the turn of the last century, looks out onto the porch from one of the main downstairs rooms. The front door is surrounded by a transom and sidelights, making for a bright and welcoming entryway, and high ceilings combined with plenty of windows throughout give the house an open, airy feel. The standing-seam tin roof is in good condition; however, the Molly Smith Thompson House is in need of complete rehabilitation. New mechanical systems—including electrical, plumbing, and HVAC—as well as new kitchen and baths will need to be installed.

PNC has partnered with the City of Goldsboro, the Downtown Goldsboro Development Corporation, and Self-Help Credit Union to revitalize several neighborhoods in downtown Goldsboro. The areas will be transformed into a blend of residential historic structures and new homes that will include historic architectural details. Homes range in size from 1,100 to 6,400 square feet and consist of a variety of architectural styles including Queen Anne, Victorian, and Italianate. This unique historic district includes residential and commercial structures.

The lively town of Goldsboro, the seat of Wayne County, is the home of the Seymour Johnson Air Force Base.  It is located in eastern North Carolina, 20 minutes from I-40 and I-95, one hour from Raleigh, and within easy access of North Carolina beaches. 

For information on the historic downtown area, contact the Downtown Goldsboro Development Corporation at 919-735-4959 or www.dgdc.org, and the Wayne County Chamber of Commerce at 919-734-2245 or info@greatergoldsboro.com.

Preservation North Carolina is a statewide, private, non-profit membership organization that protects and promotes the architectural heritage of North Carolina.  Through its Endangered Properties Program it acquires and sells endangered historic buildings. 

Preservation North Carolina sells all properties with protective covenants and a rehabilitation agreement to ensure that the historic buildings will be renovated and that they will be protected from demolition and unsympathetic changes in the years to come.

Financial Incentives

The Molly Smith Thompson House is located in the Goldsboro Certified Historic District and is a candidate for Historic Rehabilitation Tax Credits.  In North Carolina both state and federal income tax credits are available for the certified rehabilitation of historic structures.  For the rehabilitation of income-producing certified historic structures a 20percent federal income tax credit and a 20% state income tax credit are available.  For the rehabilitation of owner-occupied homes certified historic structures (non-income producing properties) a 30 percent state tax credit is available. 

For more information on Historic Rehabilitation Tax Credits call us at 919-832-1651 to request the brochure Using Preservation Tax Credits to Renovate Your Home or Business Property, or contact the North Carolina State Historic Preservation Office at 919-807-6570 or visit www.hpo.dcr.state.nc.us.

For more information or to make an appointment to see the Molly Smith Thompson House, contact Dean Ruedrich at 919-497-0434 or email druedrich@presnc.org. For more information about Preservation NC and other endangered properties visit: www.PreservationNC.org.