John Dewain Bailey, 45, 708 West Main St., Newbern, appeared before Newbern City Judge Jason Creasy who issued the bond amount.
District Attorney General Phil Bivens had requested a $1 million bond for Bailey, but Creasy decided on a lesser amount.
After the hearing, Newbern Police Chief Harold Dunivant stated he was not satisfied with Bailey's bail being set at a comparatively low amount.
"I was disappointed with Bailey's bond being set so low for such a heinous crime," said Dunivant.
Bailey is accused of shooting Helen Robertson last Wednesday at her residence on Patty Drive in Newbern. Bailey was arrested on Friday after Newbern investigators gathered enough evidence to charge him with Robertson's murder.
NPD Lt. Greg Barr stated they would continue to investigate the murder despite Bailey's arrest and they are asking for information from the public.
"We encourage any residents or friends of the family, that may have any relevant information, as it relates to the motive in the murder, to contact us," said Barr. "We have already received numerous phone calls from citizens who have provided us with very useful information."
Public defender Jimmy Lanier was appointed to represent Bailey who is scheduled to appear in court again on Sept. 19.