Attention investors and handy people! Solid brick ranch outside city limits with no HOA, ready for your vision. This property needs primarily cosmetic updates, making it a great candidate for a quick flip or a value-add project with strong sweat equity potential.
This charming 3-bedroom, 1.5-bath home sits on a spacious 0.30-acre lot and is just a short drive to Carolina Beach, giving you the perfect blend of everyday comfort and coastal convenience. Major updates include a roof approximately 5-6 years old and an HVAC system replaced in 2019.
Enjoy outdoor living with a screened-in patio, storage shed, and a well-maintained yard featuring mature azalea bushes. The property also includes two koi ponds (fish removed), offering a unique landscaping feature or a great opportunity to customize the space to your vision.
Additional highlights include a brand-new well pump connected to the sprinkler system.
Being sold as-is, this home is full of potential and ready for its next owner to make it their own.
Under contract
$265,000
514 Cathay Road, Wilmington, NC 28412
3beds
1,408sqft
Est.:
Single Family Residence
Built in 1977
0.3 Acres Lot
$266,800 Zestimate®
$188/sqft
$-- HOA
What's special
- 13 days |
- 1,130 |
- 130 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
The Summers Real Estate Team 910-750-4007,
Keller Williams Innovate-Wilmington,
Syd L Stich 910-547-2246,
Keller Williams Innovate-Wilmington
Source: Hive MLS,MLS#: 100569025
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Master Bedroom, Bedroom 2, Bedroom 3, Family Room, Other, Living Room, Dining Room, Laundry
Primary bedroom
- Dimensions: 101 x 129
Bedroom 2
- Dimensions: 101 x 101
Bedroom 3
- Dimensions: 84 x 101
Dining room
- Dimensions: 10 x 101
Family room
- Dimensions: 117 x 258
Kitchen
- Dimensions: 99 x 101
Laundry
- Dimensions: 72 x 59
Living room
- Dimensions: 19 x 123
Other
- Dimensions: 100 x 93
Heating
- Electric, Heat Pump
Cooling
- Central Air
Features
- Entrance Foyer, Ceiling Fan(s), See Remarks61
Interior area
- Total structure area: 1,408
- Total interior livable area: 1,408 sqft
Property
Parking
- Parking features: On Site, Paved
Features
- Levels: One
- Patio & porch: None
- Fencing: None
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 0.3 Acres
Details
- Parcel number: R07816003024000
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: County Water
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Monterey Heights
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $188/sqft
- Tax assessed value: $315,700
- Annual tax amount: $1,194
- Date on market: 4/23/2026
- Cumulative days on market: 13 days
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
$266,800
$253,000 - $280,000
$2,263/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2026 | Contingent | $265,000$188/sqft |
Source:  Hive MLS #100569025 Report a problem | ||
| 4/23/2026 | Listed for sale | $265,000+463.8%$188/sqft |
Source: Hive MLS #100569025 Report a problem | ||
| 4/1/1989 | Sold | $47,000$33/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $671 +23.9% | $315,700 +76.2% |
| 2024 | $542 +1.1% | $179,200 |
| 2023 | $536 -0.8% | $179,200 |
| 2022 | $540 +7.5% | $179,200 |
| 2021 | $503 +15.2% | $179,200 +29.9% |
| 2020 | $436 | $138,000 |
| 2019 | $436 | $138,000 |
| 2018 | $436 | $138,000 |
| 2017 | $436 +14.6% | $138,000 +25.6% |
| 2016 | $381 +7.6% | $109,900 |
| 2015 | $354 +1.7% | $109,900 |
| 2014 | $348 | $109,900 |
| 2013 | -- | $109,900 |
| 2012 | -- | $109,900 -22.6% |
| 2011 | -- | $142,058 |
| 2010 | -- | $142,058 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $83,451 |
| 2004 | -- | $83,451 |
| 2003 | -- | $83,451 |
| 2002 | -- | $83,451 |
| 2001 | -- | $83,451 |
| 2000 | -- | $83,451 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,418/mo
Principal & interest
$1310
Property taxes
$108
More affordability tools
Climate risks
Neighborhood: 28412
Nearby schools
GreatSchools rating
- 10/10Heyward C Bellamy ElementaryGrades: K-5Distance: 0.9 mi
- 7/10Charles P Murray MiddleGrades: 6-8Distance: 0.8 mi
- 5/10Eugene Ashley HighGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Bellamy
- Middle: Murray
- High: Ashley
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- New Hanover County
- Wilmington
- 28412
- 514 Cathay Road
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