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514 Cathay Road

Wilmington, NC 28412

$265,000

$188 per Sq.Ft.

  • Pending with Showings
  • 3 beds
  • 1.5 baths
  • 1408 Sq. Ft.
  • Residential
  • Built in 1977
  • MLS #100569025
3 beds
1.5 baths
1408 Sq. Ft.
Residential
Built in 1977
MLS #100569025
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.


Interior Features

Total bedrooms
3 bedrooms
Full bathrooms
1 full bathrooms
Half bathrooms
1 half bathrooms
Kitchen appliances
Interior features
Entrance foyer, ceiling fan(s)
Flooring
Cooling
Central air
Heating
Electric, heat pump


Exterior Features

Lot size
0.3 acres
Water front
No
Fencing
None
Exterior features
Brick veneer
Roof
Shingle


HOA Information

HOA
No


Utilities

Utilities
Water available


Schools

Elementary school
Bellamy
Middle school
Murray
High school
Ashley


Other Information

Tax assessed value
$315,700.00
Tax amount
$1,194.93
Tax year
2025
Zoning
R-10


Listing provided courtesy of: Keller Williams Innovate-Wilmington. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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About Wilmington

Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

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Market trends

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