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Single Family ResidenceResidential
$617,583$262 / 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 86How 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
Last sold for $485,000 on Jan 5, 2024

131 FORMOSA DR

WILMINGTON, NC 28403
4
Beds
3
Baths
2,358 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.
0.18 ac
Lot SizeThe size of the land the home sits on, from county records.
2007
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$618K
$530K low$705K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$485,000 · Jan 5, 2024

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,849 (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.$484,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$148,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$335,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$484,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$484,100

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.24 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.Modular
CountyNew Hanover
Lot (acres)The size of the land the home sits on, from county records.0.18
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 · 32 ft²Patio · 176 ft²Porch · 78 ft²

Transaction History(3)

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

131 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 76% of homes in Wilmington 28403
  • Costs less per square foot than 87% of homes in Rogersville
  • Bigger than 79% of homes in Wilmington 28403
  • Has a smaller lot than 67% of homes in New Hanover County
  • Newer than 91% 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
$97K$1.7M

This home is worth more than 76% 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$617,583
CheaperTypical $396,928Pricier

Pricier than 76% of homes nearby

Price per ft²$262
CheaperTypical $265Pricier

Pricier than 48% of homes nearby

Living area2,358 ft²
SmallerTypical 1,484 ft²Bigger

Bigger than 79% of homes nearby

Lot size0.18 ac
SmallerTypical 0.3 acBigger

Bigger than 38% of homes nearby

Year built2007
OlderTypical 1983Newer

Newer than 91% of homes nearby

How 131 Formosa Dr ranks against every home in each area.
MeasureThis homeRogersvilleWilmington 28403New Hanover County
Estimated valuepricier than$617,58343% of homes76% of homes72% of homes
Price per ft²pricier than$26213% of homes48% of homes52% of homes
Living areabigger than2,358 ft²67% of homes79% of homes75% of homes
Lot sizebigger than0.18 ac41% of homes38% of homes33% of homes
Year builtnewer than200789% of homes91% of homes80% of homes

About 131 Formosa Dr

How much is 131 Formosa Dr, Wilmington, NC worth?

The TopHap Estimate for 131 Formosa Dr, Wilmington, NC is $617,583 as of Sep 24, 2026. The likely range is $530,264 to $704,902. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 131 Formosa Dr, Wilmington, NC last sell?

131 Formosa Dr, Wilmington, NC last sold on Jan 5, 2024 for $485,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 131 Formosa Dr, Wilmington, NC?

131 Formosa Dr, Wilmington, NC has 4 bedrooms, 3 bathrooms, 2,358 square feet of living space and a 0.18-acre lot.

When was 131 Formosa Dr, Wilmington, NC built?

131 Formosa Dr, Wilmington, NC was built in 2007, making it 19 years old. It is a modular home. The building has 2 stories.

What schools serve 131 Formosa Dr, Wilmington, NC?

131 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 131 Formosa Dr, Wilmington, NC compare to other homes in Wilmington 28403?

Among the 10,982 homes in Wilmington 28403, it is worth more than 76% of them ($617,583 against a typical $396,928), its price per square foot is higher than 48% of them ($262 against a typical $265), it is bigger than 79% of them (2,358 ft² against a typical 1,484 ft²), its lot is bigger than 38% of them (0.18 ac against a typical 0.3 ac) and it is newer than 91% of them (2007 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 131 Formosa Dr, Wilmington, NC?

The 2025 property tax bill for 131 Formosa Dr, Wilmington, NC was $2,849. The county assessed it at $484,100.

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