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701 Varsity Dr

Wilmington, NC 28403

2 bd 2 ba 902 sqft Built 1994 Lot 2,962 sqft single_family
Most recent sale
$230,000
Apr 18, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 18, 2022 Sold $230,000 MLS #100320528
Apr 7, 2022 Listed $219,000 MLS #100320528
Oct 21, 2021 Listed for rent $1,250 AppfolioUnits
Nov 28, 2019 Listing removed $1,095 NCRCapeFear
Apr 10, 2019 Listing removed $1,000 NCRCapeFear
Jan 10, 2019 Listing removed $1,050 NCRCapeFear
Jul 26, 2018 Listing removed $1,050 NCRCapeFear
Jul 10, 2018 Listed for rent $1,050 NCRCapeFear
Mar 9, 2018 Sold $140,000 MLS #30382505
Feb 6, 2018 Listing removed $1,000 NCRCapeFear
Jan 24, 2018 Price changed for rent $1,000 NCRCapeFear
Dec 31, 2017 Price changed for rent $1,025 NCRCapeFear
Dec 16, 2017 Listed for rent $1,050 NCRCapeFear
Mar 22, 2007 Listed $138,000 MLS #30382505
Mar 22, 2007 Sold $140,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $172,200 $57,100 $229,300 $943
2024 $172,200 $57,100 $229,300 $1,146
2023 $80,100 $51,700 $131,800 $1,113
2022 $80,100 $51,700 $131,800 $1,120
2021 $80,100 $51,700 $131,800 $1,127
2020 $72,500 $20,200 $92,700 $976
2019 $72,500 $20,200 $92,700 $976
2018 $72,500 $20,200 $92,700 $976
2017 $72,500 $20,200 $92,700 $976
2016 $64,100 $25,000 $89,100 $987
2015 $64,100 $25,000 $89,100 $943
2014 $64,100 $25,000 $89,100 $903
2013 $64,100 $25,000 $89,100 $894
2012 $64,100 $25,000 $89,100 $894
2011 $38,540 $38,540 $919
2010 $89,106 $21,000 $110,106 $919
2008 $89,106 $21,000 $110,106 $864
2007 $89,106 $21,000 $110,106 $792

Property facts

Year built
1994
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
902 sqft
Lot size
2,962 sqft
ZIP code
28403
City
Wilmington
Street
Varsity Dr
Coordinates
34.22282, -77.88690

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,218
Gross rental yield
6.35%
Implied cap rate
4.13%
Trend-extrapolated value

Frequently asked questions

When did 701 Varsity Dr last sell?
701 Varsity Dr most recently sold on Apr 18, 2022 for $230,000.
What is the current tax assessment for 701 Varsity Dr?
The most recent total assessment for 701 Varsity Dr (year 2025) is $229,300 with $943 in property tax.
How does 701 Varsity Dr's assessment compare to its last sale price?
The current assessment is 0.3% below the last sale price of $230,000.
When was 701 Varsity Dr built?
701 Varsity Dr was built in 1994.
How does 701 Varsity Dr compare to others on Varsity Dr?
We track 8 other properties on Varsity Dr. Browse the list under "Other properties on Varsity Dr" to compare beds, baths, and sale history.
What are the property facts for 701 Varsity Dr?
701 Varsity Dr is a 2 bed, 2 bath, 902 sqft, 2,962 sqft lot single_family.
Is 701 Varsity Dr a flip candidate?
No — 701 Varsity Dr does not appear in our flips dataset.
Is 701 Varsity Dr a tax-appeal candidate?
No — 701 Varsity Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-1.0%
Implied 1-yr
-4.0%
2026 Q3
$513.3K
2026 Q4
$507.8K
ZIP 28403 — Median Price History + Forecast

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