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522 S Kerr Ave APT 6, Wilmington, NC, 28403

2beds
2baths
898sqft
$152,000
$169price/sqft
$1,080/moest. monthly cost
$43,200/yrincome needed

About This Home

FOR SALE BY OWNER – Wilmington, NC Condo Candlewyck community 2 Bedroom | 2 Bathroom | Airbnb-Friendly Priced $12,000 below market value for a quick sale! This condo is a great opportunity for an investor, college student, first-time buyer, or anyone looking to add their own cosmetic updates while gaining instant equity. ? Features Include: • Airbnb/short-term rental friendly • New washer & dryer • New hot water heater (installed January 2026) • Newer refrigerator (approximately 2½ years old) • Newer dishwasher • deck built approximately 2.5 years ago • Convenient Wilmington location close to shopping, dining, local colleges, and area beaches The condo is being sold AS-IS and is priced accordingly. With a little updating, this property has excellent potential as a primary residence, rental, or vacation property. ?? Message me for photos, pricing, and additional details. Serious inquiries only.

Getting Around

35
WalkingCar-Dependent
36
TransitSome Transit
71
BikeVery Bikeable

Schools

6/10
Williston MiddleGrades 6-83.8 mi
6/10
John T Hoggard HighGrades 9-121.7 mi

Construction

Condition

  • Year built: 1970

Materials

  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: Condo

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Other
  • Cooling features: Central

Interior Area

  • Total interior livable area: 898 sqft

Property

Details

  • Parcel number: R05511001016006

Features

  • Exterior features: Wood

Parking

  • Total spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Ice Storm
Tornado
Tsunami

FEMA Declared Disasters in New Hanover County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $768$9,216
Home Insurance *$42$504
Property Taxes $70$840
Electricity $200$2,405
Total$1,080$12,960
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$37,028/yr
40% on housing$32,400/yr
45% on housing$28,800/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$169This listing

vs Other Active Listings

Avg $/sqft

ZIP 28403$236
New Hanover County$309

vs Homes Sold Last Month

Median $/sqft

ZIP 28403$293
New Hanover County$260

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-15Listed for sale$152,000
2024-11-24Listing removed--
2024-11-16Listed for sale$152,000
2022-02-03Sold$135,000
2021-12-16Pending sale$138,000
2021-12-14Listed for sale$138,000

For Sale by Owner

AgentProperty Owner

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