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129 Formosa Dr; Wilmington, NC Property Details

129 Formosa Dr, Wilmington, NC is a Single Family that was built in 2021. This property is currently a cash purchase and is not for sale. Our records show that 129 Formosa Dr has 3 bedrooms, and 2.5 bathrooms, and a total of 2,259 square feet. The lot size of 129 Formosa Dr is 8,276 square feet.

Off market
129 Formosa Dr Wilmington, NC 28403
$574,200 Estimated Value
3 Beds
2.5 Baths
2,259 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2021
  • Purchase Price: $125,000
  • Open Loans / Balance: 1 / $368,910
  • Est. Equity / %: $354,090 / 48.98%
  • Gross Yield: 6.342%
  • APN: R05607-001-068-000
  • Situs County: New Hanover
  • Length Of Ownership: 5 years

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 1

Structure

  • Stories: 1.5
  • Exterior Wall Type: Wood
  • Building Condition: Average
  • Building Quality: C+
  • Porch Type: Open

Measurements

  • Total: 2,259/SqFt
  • Lot: 8,276/SqFt
  • Garage: 385/SqFt
  • Living: 2,259/SqFt
  • Building: 2,259/SqFt
  • Ground: 1,506/SqFt
  • Price Per Square Foot: $55.33

Legal Description

  • Description: LOT 14 FORMOSA PARK REV
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: New Hanover County Schools
  • Lat / Lon: 34.228874 / -77.840904
  • Property Class: Residential
  • Zoning: R-15,RESID
  • County Use Code: 10

Amenities

  • Heating Fuel Type: Electric
  • Plus Four: 2021
  • Bathroom Fixtures: 13
  • Cooling: Central
  • Garage: Garage
  • Heating: Heat Pump

Ownership Info

129 Formosa Dr has no associated ownership info
129 Formosa Dr has no associated ownership info.

Taxes

129 Formosa Dr has 8 associated Taxes items

129 Formosa Dr, Wilmington, NC pays taxes in New Hanover County, NC. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $574,200. The APN we've located for 129 Formosa Dr is R05607-001-068-000.

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Taxes
  • Assessed Value:  $574,200
  • Assessed Year:  2026
  • Assessed County:  New Hanover
  • APN:  R05607-001-068-000
  • Assessed Land Value:  148700
  • Market Land Value:  148700
  • Market Value:  574200
  • Market Year:  2026

Tax History

129 Formosa Dr has 5 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $574,200 Land Value $148,700 Improvement Value $425,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value $574,200 Land Value $148,700 Improvement Value $425,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $407,000 Land Value $113,400 Improvement Value $293,600 Tax Amount $3,540.9 Change Rate Assessed CR Tax Rate +0.0087%
Year 2023 Assessed Value $407,000 Land Value $113,400 Improvement Value $293,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2022 Assessed Value $113,400 Land Value $113,400 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate