707 Varsity Drive, Wilmington, NC, 28403
About This Home
Directly across the street from UNCW, this 2-bedroom, 2-bath home with no HOA offers an unbeatable combination of location, affordability, and investment potential. Whether you're a first-time homebuyer looking to build equity or an investor seeking a prime short or long term rental opportunity, this property checks all the boxes. Inside, you'll find a functional open floor plan with brand-new luxury vinyl plank flooring throughout. All kitchen appliances, plus the washer and dryer, convey for a seamless move-in experience. The fully fenced backyard is perfect for pets and includes a storage shed for lawn equipment, gardening tools, or extra storage. Just minutes from Wrightsville Beach, downtown Wilmington, shopping, dining, and major employers, this home offers exceptional convenience in one of Wilmington's most desirable locations.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1994
Materials
- Foundation: Crawl Space
- Roof: Shingle
- Construction materials: Vinyl Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher
Basement
- Basement: None
Bedroom1
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: First
Features
- Walk-in Closet(s),Ceiling Fan(s),Pantry,Walk-in Shower,Blinds/Shades,Walk-In Closet(s)
- Window features: Thermal Windows
- Flooring: Carpet,Vinyl
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 895
- Total interior livable area: 895 sqft
Kitchen
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: First
Property
Details
- Parcel number: R05515001012027
- Zoning: MD-17
- Special condition: Standard
Features
- Levels: One
- Patio & porch: Patio
- Fencing: Privacy,Back Yard,Wood,Fenced
- Has view: Yes
- View description: None
- Frontage type: See Remarks
- Living area range: 800 - 999
Lot
- Lot size: 2,614 sqft
- Lot size dimensions: 35 x 84 x 35 x 85
Parking
- Parking features: Concrete
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
- Lightning
- Winter Weather
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Ice Storm
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New Hanover County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,314 | $15,768 |
| Home Insurance * | $73 | $876 |
| Property Taxes | $121 | $1,452 |
| Electricity | $200 | $2,405 |
| Total | $1,708 | $20,496 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-11 | Contingent | $254,999 |
| 2026-08-07 | Price change | $254,999 |
| 2026-07-29 | Listed for sale | $259,999 |
| 2026-02-07 | Listing removed | $1,550 |
| 2026-01-13 | Price change | $1,550 |
| 2025-12-17 | Listed for rent | $1,600 |
| 2024-08-28 | Listing removed | $1,550 |
| 2024-08-12 | Listed for rent | $1,550 |
| 2023-10-18 | Listing removed | -- |
| 2023-10-04 | Listed for rent | $1,450 |
| 2021-03-22 | Listing removed | -- |
| 2018-06-22 | Listing removed | $1,150 |
| 2018-06-17 | Listed for rent | $1,150 |
| 2016-05-05 | Sold | $105,000 |
| 2016-03-13 | Listed for sale | $107,000 |
| 2016-03-04 | Pending sale | $107,000 |
| 2016-02-02 | Price change | $107,000 |
| 2015-12-20 | Price change | $106,000 |
| 2015-12-17 | Price change | $108,000 |
| 2015-12-16 | Price change | $110,000 |
| 2015-12-04 | Price change | $108,000 |
| 2015-10-28 | Price change | $110,000 |
| 2015-10-03 | Price change | $111,000 |
| 2015-09-11 | Listed for sale | $112,000 |
| 2015-04-01 | Listing removed | $98,500 |
| 2001-01-23 | Sold | $74,900 |
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