514 Cathay Rd, Wilmington, NC 28412
- $270,500
- 3
- BD
- 2
- BA
- 1,408
- SqFt
- Sold Price
- $270,500
- List Price
- $265,000
- Status
- CLOSED
- MLS#
- 100569025
- Closing Date
- May 26, 2026
- Days on Market
- 3
- Year Built
- 1977
- Levels
- One
- Bedrooms
- 3
- Bathrooms
- 2
- Half-baths
- 1
- Full-baths
- 1
- Living Area
- 1,408
- Acres
- 0.30
- Neighborhood
- Monterey Heights
Property Description
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.
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Additional Information
- Interior Features
- Entrance Foyer, Ceiling Fans, Other
- Cooling
- Central Air
- Heating
- Electric, Heat Pump
- Foundation
- Slab
- Roof
- Shingle
- Utilities
- Water Available
- Lot Water Features
- Other
- Water
- County
- Elementary School
- Bellamy
- Middle School
- Murray
- High School
- Ashley
Mortgage Calculator
Listing courtesy of Keller Williams Innovate-Wilmington. Selling Office: Navigate Realty.
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