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Single Family ResidenceResidential
$608,426$483 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

125 FORMOSA DR

WILMINGTON, NC 28403
3
Beds
2.5
Baths
1,260 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.36 ac
Lot SizeThe size of the land the home sits on, from county records.
1999
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$608K
$535K low$682K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,361 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$401,200 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$194,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$206,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$401,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$401,200

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.36 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.''

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Raised Ranch
CountyNEW HANOVER
Lot (acres)The size of the land the home sits on, from county records.0.36
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Footing
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Heat Pump
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 240 ft²Patio · 240 ft²Porch · 42 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
College Park Elementary SchoolD-
Elementary · Grades KG–5 · 1.4 mi
M
MCS Noble Middle SchoolA-
Middle · Grades 6–8 · 1.7 mi
H
John T Hoggard High SchoolB+
High · Grades 9–12 · 3.6 mi

District: New Hanover County Schools

Neighborhood · ZIP 28403These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.103
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.64

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.32%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.17%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.41,836
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,893 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,488
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$83,711
Average tempThe average temperature here across a full year.63°F
Annual precipHow much rain and melted snow falls here in a typical year.58 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.63%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

125 Formosa Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 75% of homes in Wilmington 28403
  • Costs more per square foot than 96% of homes in Wilmington 28403
  • Smaller than 77% of homes in Rogersville
  • Has a bigger lot than 65% of homes in New Hanover County
  • Newer than 83% of homes in Wilmington 28403

What homes are worth in Wilmington 28403

Each bar is how many homes fall in that price range. The marker is this home.

This home
$101K$1.7M

This home is worth more than 75% of homes in Wilmington 28403.

How it measures up in Wilmington 28403

The dot is this home. The mark in the middle is the typical home in Wilmington 28403.

Estimated value$608,426
CheaperTypical $399,824Pricier

Pricier than 75% of homes nearby

Price per ft²$483
CheaperTypical $264Pricier

Pricier than 96% of homes nearby

Living area1,260 ft²
SmallerTypical 1,491 ft²Bigger

Bigger than 34% of homes nearby

Lot size0.36 ac
SmallerTypical 0.31 acBigger

Bigger than 62% of homes nearby

Year built1999
OlderTypical 1983Newer

Newer than 83% of homes nearby

How 125 Formosa Dr ranks against every home in each area.
MeasureThis homeRogersvilleWilmington 28403New Hanover County
Estimated valuepricier than$608,42642% of homes75% of homes72% of homes
Price per ft²pricier than$48395% of homes96% of homes90% of homes
Living areabigger than1,260 ft²23% of homes34% of homes24% of homes
Lot sizebigger than0.36 ac52% of homes62% of homes65% of homes
Year builtnewer than199976% of homes83% of homes62% of homes

About 125 Formosa Dr

How much is 125 Formosa Dr, Wilmington, NC worth?

The TopHap Estimate for 125 Formosa Dr, Wilmington, NC is $608,426 as of Sep 24, 2026. The likely range is $535,168 to $681,684. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 125 Formosa Dr, Wilmington, NC last sell?

125 Formosa Dr, Wilmington, NC last sold on Dec 21, 2001, according to the county's recorded deed.

How big is 125 Formosa Dr, Wilmington, NC?

125 Formosa Dr, Wilmington, NC has 3 bedrooms, 2.5 bathrooms, 1,260 square feet of living space and a 0.36-acre lot.

When was 125 Formosa Dr, Wilmington, NC built?

125 Formosa Dr, Wilmington, NC was built in 1999, making it 27 years old. It is a raised ranch home. The building has 1 story.

What schools serve 125 Formosa Dr, Wilmington, NC?

125 Formosa Dr, Wilmington, NC is assigned to College Park Elementary School (elementary), rated D-; MCS Noble Middle School (middle), rated A-; John T Hoggard High School (high), rated B+. All sit in New Hanover County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 125 Formosa Dr, Wilmington, NC compare to other homes in Wilmington 28403?

Among the 10,979 homes in Wilmington 28403, it is worth more than 75% of them ($608,426 against a typical $399,824), its price per square foot is higher than 96% of them ($483 against a typical $264), it is bigger than 34% of them (1,260 ft² against a typical 1,491 ft²), its lot is bigger than 62% of them (0.36 ac against a typical 0.31 ac) and it is newer than 83% of them (1999 against a typical 1983). Measured against all of New Hanover County, it is worth more than 72% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 125 Formosa Dr, Wilmington, NC?

The 2025 property tax bill for 125 Formosa Dr, Wilmington, NC was $2,361. The county assessed it at $401,200.

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