NOT LISTED FOR SALE

538 Cathay Rd Wilmington, NC 28412

Arrondale Neighborhood

Estimated Value: $216,000 - $297,045

3 Beds
1.5 Baths
1,041 Sq Ft
$235/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $160,000 $154 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,418/month

4 Days on Market

Highlights

  • No HOA
  • Formal Dining Room
  • Patio
  • Heyward C. Bellamy Elementary School Rated A-
  • Fenced Yard
  • Living Room

About This Home

As of May 2023

Three bedroom, one and half bath ranch style home located in Monterey Heights. Kitchen features peninsula and opened to breakfast/dining room. Dining Area with sliding doors leading to fenced back yard. Attached one car garage. Conveniently located close to beaches, restaurants, shopping and beautiful downtown Wilmington. Equal Housing Opportunity. Property owned by US Dept. of HUD [381-789160]. FHA UI (uninsured). Seller makes no representations or warranties as to property condition. Sold as is. Seller may contribute up to 3% for buyer's closing costs, upon buyer request. Properties to Include LBP Pre-1978 Notice.

Last Agent to Sell the Property

Tripp Blandford

CAROLINA EAST REALTY License #155559 Listed on: 04/01/2023

Last Buyer's Agent

Maria Cendejas

Coldwell Banker Sea Coast Advantage-Midtown License #341489

Coldwell Banker Sea Coast Advantage-Midtown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $843

Year Built

  • Built in 1977

Lot Details

  • 0.3 Acre Lot
  • Fenced Yard
  • Chain Link Fence
  • Property is zoned R-10

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stick Built Home

Interior Spaces

  • 1,041 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Formal Dining Room
  • Scuttle Attic Hole
  • Laundry in Garage

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Car Attached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Patio

Schools

  • Bellamy Elementary School
  • Murray Middle School
  • Ashley High School

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Monterey Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number R07816-003-018-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$843

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1977
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Attic: Scuttle
  • Dining Room Type: Formal
  • Fireplace: None
  • Flooring: Carpet, Vinyl
  • Heated Sq Ft: 1000 - 1199
  • Interior Amenities: 1st Floor Master
  • Laundry Location: Garage
  • List Price per Sq Ft: 124.88
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 6
  • Bedroom 1 Level: Main
  • Bedroom 2 Level: Main
  • Bedroom 3 Level: Main
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Sq Ft Heated: 1041.00
  • Total Heated Primary Separate Sq Ft: 1041.00

Exterior Features

  • Exterior Finish: Brick
  • Fencing: Back Yard, Chain Link
  • Foundation: Slab
  • Porch Balcony Deck: Patio
  • Road Type Frontage: Paved
  • Roof: Composition, Shingle
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 1.00
  • Total Garage Spaces: 1.00
  • Parking Driveway: Concrete, Off Street

Utilities

  • Cooling System: None
  • Fuel Tank: None
  • Heating System: Forced Air
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 1000.00
  • Lot Acres: 0.30
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 13068.00
  • Special Assessments: NONE KNOWN
  • Zoning: R-10

Tax Info

  • Tax Identifier: R07816-003-018-000
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 843.47

MLS Schools

  • Elementary School: Bellamy
  • High School: Ashley
  • Middle School: Murray

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
Apr 27, 2023
Sold by
Secretary/Housing & Urban Dev
Bought by
Brainard Maritza C
Seller's Agent
Tripp Blandford
CAROLINA EAST REALTY
Buyer's Agent
Maria Cendejas
Coldwell Banker Sea Coast Advantage-Midtown
List Price
$130,000
Sold Price
$160,000
Premium/Discount to List
$30,000
23.08%
Views
3
Current Estimated Value
$245,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,011
Avg. Annual Appreciation
20.95%

Purchase Details

Closed on
Feb 10, 2000
Sold by
Philip Helen D
Bought by
Philip Roy

Purchase Details

Closed on
Dec 1, 1984
Sold by
Reaves Roney W Linda
Bought by
Philip Roy Helen D

Purchase Details

Closed on
Aug 1, 1977
Bought by
Reaves Roney W Linda
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brainard Maritza C $160,000 None Listed On Document
Philip Roy -- --
Philip Roy Helen D $41,000 --
Reaves Roney W Linda $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Philip Roy $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $160,000 +23.1% $154 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
04/01/2023 04/01/23 For Sale $130,000 -- $125 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $739 $159,900 $67,000 $92,900
2022 $490 $159,900 $67,000 $92,900
2021 $450 $159,900 $67,000 $92,900
2020 $386 $122,200 $31,000 $91,200
2019 $386 $122,200 $31,000 $91,200
2018 $386 $122,200 $31,000 $91,200
2017 $396 $122,200 $31,000 $91,200
2016 $333 $96,200 $31,000 $65,200
2015 $310 $96,200 $31,000 $65,200
2014 $304 $96,200 $31,000 $65,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tripp Blandford

    CAROLINA EAST REALTY

    (252) 617-9770

    1 in this area

    177 Total Sales

    Tripp Blandford
    Section Image
  • Maria Cendejas

    Buyer's Agent in 2023

    Maria Cendejas

    Coldwell Banker Sea Coast Advantage-Midtown

    (910) 616-0460

    1 in this area

    37 Total Sales

    Maria Cendejas
    Section Image
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Map

Source: Hive MLS

MLS Number: 100377006

Hive MLS

APN: R07816-003-018-000

North Carolina New Hanover County Wilmington 28412 Arrondale

538 Cathay Rd, Wilmington, NC

This home is located at 538 Cathay Rd, Wilmington, NC 28412 since 01 April 2023 and is currently estimated at $245,011, approximately $235 per square foot. This property was built in 1977. 538 Cathay Rd is a home located in New Hanover County with nearby schools including Heyward C. Bellamy Elementary School, Charles P. Murray Middle School, and Eugene Ashley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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