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103 Ike Drive, Wilmington, NC, 28409

5beds
3baths
2,247sqft
$450,000
$200price/sqft
$2,770/moest. monthly cost
$110,800/yrincome needed

About This Home

Unlock the potential of this incredible opportunity. Located on an oversized corner lot in the highly desirable Millbrook subdivision with no HOA, this spacious brick ranch features 5 bedrooms and 3 full baths--including a fully connected, 2-bedroom in-law suite with its own kitchen and living space. Perfect for a multi-generational buyer or a long-term rental strategy. There are 2 driveways and a detached garage within the fenced back yard. Enjoy the ultimate convenience of being located directly behind Masonboro (Parsley) Elementary School with access at the end of the street. This home also features solar panels to help offset future energy costs. Property is in need of some repairs and is being sold strictly AS-IS including contents. This is a short sale; subject to bank approval. Don't miss this rare opportunity to add significant value in a prime Wilmington location!

Getting Around

14
WalkingCar-Dependent
0
TransitNo Nearby Transit
35
BikeSomewhat Bikeable

Schools

10/10
6/10
6/10
John T Hoggard HighGrades 9-122.1 mi

Construction

Condition

  • Year built: 1972

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Brick Veneer,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • 2nd Kitchen,Apt/Suite,Ceiling Fan(s),Furnished
  • Window features: Skylight(s)
  • Flooring: Carpet,Ceramic Tile,Hardwood

Heating & Cooling

  • Heating features: Active Solar,Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,247
  • Total interior livable area: 2,247 sqft

Property

Details

  • Parcel number: R06709001009000
  • Zoning: R-15
  • Special condition: Short Sale

Features

  • Levels: One
  • Patio & porch: See Remarks
  • Fencing: Wood
  • Has view: Yes
  • View description: None
  • Frontage type: See Remarks
  • Living area range: 2200 - 2399

Lot

  • Lot size: 0.34 Acres
  • Features: Dead End,Corner Lot
  • Lot size dimensions: 113 x 139 x 120 x 139

Parking

  • Total spaces: 1
  • Parking features: Off Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Coastal Flooding
Heat Wave
Inland Flooding
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 $2,275$27,300
Home Insurance *$93$1,116
Property Taxes $193$2,316
Electricity $209$2,511
Total$2,770$33,240
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$94,971/yr
40% on housing$83,100/yr
45% on housing$73,866/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

$200This listing

vs Other Active Listings

Avg $/sqft

ZIP 28409$405
New Hanover County$308

vs Homes Sold Last Month

Median $/sqft

ZIP 28409$251
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
2026-07-28Listed for sale$450,000
2026-06-06Contingent$450,000
2026-05-28Listed for sale$450,000
2019-10-08Sold$300,000
2019-10-03Pending sale$296,000
2019-09-10Listed for sale$296,000
2019-07-29Pending sale$296,000
2019-07-25Listed for sale$296,000
2017-01-20Sold$235,000
2016-12-06Pending sale$240,000
2016-12-05Listed for sale$240,000
2016-11-30Pending sale$240,000
2016-11-19Listed for sale$240,000
2016-07-08Sold$139,000
2016-05-21Pending sale$139,000
2016-05-17Listed for sale$139,000

For Sale by Agent

AgentKathy Greer
BrokerageNest Realty

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