514 Cathay Road

Off Market

514 Cathay Road

Wilmington NC 28412

1408 sq. ft.

13242 sq. ft.

Single-Family

Last sold for $270,500

Jennifer Summers Team, last sold this property on 26 May 2026 after 32 days on market.

Overview

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.

Features

3 bedrooms

2 bathrooms

1408 sq. ft. floor area

13242 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Wilmington over the last 12 months, the estimated median property value of 514 Cathay Road is $429.35k.

Median value

$429.35k

Estimated value range

$159.5k - $1.38m

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Wilmington. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 514 Cathay Road

2026

Sold

$270,500

26 May 2026 by Jennifer Summers Team, of Keller Williams Realty

Happy sellers in Wilmington

<50%

50% of sellers in Wilmington reported that their sale price either exceeded or met their price expectations.

Wilmington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Wilmington over the last 12 months.

Local market activity for 3 bedroom single-family properties in Wilmington

In the last 12 months, 401 three-bedroom single-family properties similar to 514 Cathay Road, have been sold.

This represents a 2% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Wilmington for a market analysis.

Jennifer Bullock Team

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Nearby agents

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Jennifer Bullock Team

Sellers who recommend Jennifer Bullock Team have praised them for being local expert, clear communication, responsive, supportive, great team, friendly, and dedicated