CompCasa Property Analysis · single_family

118 Jamaica Dr

Renovated 3BR/2BA Brick Ranch on a Spacious .45-Acre Lot

Updated interiors, screened porch, prime Sedgefield location — no HOA

3 beds2 baths1,480 sq ftBuilt 19700.45 acresnone
CompCasa valuation analysis
Estimated market value
$380,000
Low $360,000 · Midpoint $380,000 · High $400,000
Confidence82%Sales comparison approach
Last recorded sale$342,000Jul 14, 2022
Assessed value$195,9002021 assessment
CompCasa estimate$380,000Mar 6, 2026
Estimate vs. last recorded sale+$38,000 / +11.1%
$360,000$380,000 midpoint$400,000
Price / sq ft$257
Median sale price$350,000
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $195,900 appears below market.

About the property

Renovated 3BR/2BA Brick Ranch on a Spacious .45-Acre Lot

This classic brick ranch at 118 Jamaica Drive stands out for its combination of solid mid-century construction and thoughtful, recent updates. The single-story floor plan spans approximately 1,480 square feet and opens immediately to warm hardwood floors that run through the main living areas. The kitchen has been refreshed with new cabinetry and stainless steel appliances that bring contemporary function to a timeless layout, while renovated bathrooms reflect clean lines and modern fixtures.

Living space extends naturally outdoors via a screened-in porch that adds a usable, insect-free room for reading, casual meals, or an evening with friends. The home sits on a generous 0.45-acre, level lot—one of the largest parcels in the immediate Sedgefield block—offering room for gardening, play areas, or future additions without HOA restrictions. A long driveway provides ample off-street parking for family and guests.

Practical systems include central air conditioning and forced-air heating, and the roof is architectural shingle construction. The brick veneer exterior minimizes near-term exterior maintenance and gives the house a grounded presence on Jamaica Drive. Interior updates paired with the large yard create flexibility—move in as-is and enjoy, or expand and tailor the property to suit evolving needs.

Location is a major asset: Wilmington International Airport is just about 2 miles away, downtown Wilmington’s dining and waterfront attractions are roughly 5 miles, and Wrightsville Beach is approximately 10 miles—perfect for weekend escapes. Sedgefield’s mix of mature yards and nearby shopping along Castle Hayne Road makes daily life convenient. Note: the property was acquired in 2022 and has appreciated with local market momentum; buyers should verify major systems and permits as part of standard due diligence.

Whether you’re seeking a comfortable primary residence, a long-term rental with strong demand (estimated rent roughly $2,200/month), or a home with expansion potential on a large lot, 118 Jamaica Drive offers a rare blend of location, recent renovations, and outdoor opportunity in one of Wilmington’s established neighborhoods.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$337,000
Property address206 Jamaica Dr, Wilmington, NC 28401
3 bed1.5 bath1,439 sq ftBuilt 19640.1 mi20,038 sq ft lot$234/SF
Sold May 10, 2024
Subject difference
  • 41 SF smaller
  • 0.5 fewer bathrooms
  • Similar lot size
  • 6 years older
Research comparison noteSimilar brick ranch, slightly smaller, 1.5 baths
02Sold price$392,000
Property address118 Bermuda Dr, Wilmington, NC 28401
3 bed2 bath1,759 sq ftBuilt 19610.2 mi19,602 sq ft lot$223/SF
Sold Apr 26, 2024
Subject difference
  • 279 SF larger
  • Similar lot size
  • 9 years older
Research comparison noteSimilar size and condition, fully remodeled
03Sold price$350,000
Property address134 Jamaica Dr, Wilmington, NC 28401
3 bed2 bath1,400 sq ftBuilt 19650.15 mi18,000 sq ft lot$250/SF
Sold Jun 15, 2024
Subject difference
  • 80 SF smaller
  • Similar lot size
  • 5 years older
Research comparison noteSmaller lot, similar condition
Comp methodology: Focused on brick ranch homes within 0.5 miles in Sedgefield sold in last 12 months for maximum relevance
Property details

A 1970 ranch on 0.45 acres.

Building

Year built1970
ConstructionBrick Veneer
RoofArchitectural Shingle
Heatingforced air
Coolingcentral AC

Site & utilities

Lot size0.45 acres
Garagenone
Stories1
ConditionGood
BasementNone
FireplaceNo
Improvement notes3 bedrooms, 2 bathrooms, hardwood flooring, updated kitchen with new cabinetry and stainless steel appliances, renovated bathrooms, screened-in porch
Lot area19,602 sq ft
TopographyLevel
FrontageFrontage on Jamaica Dr
ParkingDriveway
Parking spaces4
Parking notesDriveway parking for multiple vehicles
AccessStandard residential driveway from Jamaica Dr
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Sedgefield

Researched nearby locations

Wilmington International Airport (2 mi)
Historic Downtown Wilmington (5 mi)
Wrightsville Beach (10 mi)
University of North Carolina Wilmington (7 mi)

Location

118 Jamaica Dr, Wilmington, NC 28401

View in Google Maps
Editorial neighborhood context

Sedgefield is an established Wilmington neighborhood characterized by mature yards, brick ranches, and easy access to regional destinations. Residents benefit from close proximity to Wilmington International Airport, quick drives to Historic Downtown’s restaurants and riverwalk, and convenient routes to Wrightsville Beach. Castle Hayne Road provides nearby shopping and dining options, while the neighborhood’s mix of single-family homes and greenery creates a comfortable, lived-in feel. The local school district is New Hanover County Schools, and the area attracts buyers who prioritize lot size and single-level living within reach of city amenities.

Nearby access summary

Very good access to outdoor recreation: Wrightsville Beach is about 10 miles away, Historic Downtown waterfront is roughly 5 miles, and the property is close to regional travel routes for easy access to nearby parks, coastal activities, and UNC Wilmington.

ElementaryWrightsboro Elementary (5/10)
Middle schoolHolly Shelter Middle (7/10)
High schoolNew Hanover High (3/10)
School districtNew Hanover County Schools
Market context

A factual market snapshot around 118 Jamaica Dr.

Median sale price$350,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Sedgefield and the surrounding corridor remain in a seller’s market, driven by limited inventory and steady buyer demand. Current metrics show roughly 2.5 months of inventory and an average days-on-market near 30 days — conditions that typically favor sellers but also reward well-priced, move-in-ready homes. Median sale prices in the area sit around $350,000 with one-year appreciation near 5% and five-year appreciation nearing 25%. Recent comparable sales within a half-mile range from this property closed between $337k and $392k in 2024, reflecting strong interest in renovated brick ranches.

Single-family ranches like this one perform very well: turnkey interiors and large yards are sought after by buyers who want single-level living plus outdoor space. Investors also take note—rental comps indicate monthly rents in the low $2,000s, supporting a competitive gross yield. For prospective buyers, this is an opportune time to act if you value proximity to Wilmington International Airport, downtown, and beaches—properties that combine updates with sizable lots are moving quickly. Buyers should complete standard inspections and review permit history, especially given the home’s 1970 construction date.

Zoning & land use

Airport Residential

Zoning

Zoning codeAR
DescriptionAirport Residential
JurisdictionNew Hanover County
Assessor useSingle Family Residential
Current useResidential
SetbacksStandard residential setbacks apply

Research-indicated uses

  • Single Family Residential
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$195,900
Assessed improvements$0
Total assessed$195,900
Assessment year2021
Annual property tax$1,101
Tax year2022

Sale history

2022-07-14$342,000 · $231/SF
2019-10-01$140,000 · $95/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,100/mo
Property address114 Jamaica Dr, Wilmington, NC 28401
3 bed2 bath1,480 sq ft$1.42/SF
Leased Aug 1, 2025
Subject difference
  • Same living area
Research comparison noteSimilar size and condition
02Monthly rent$2,250/mo
Property address120 Bermuda Dr, Wilmington, NC 28401
3 bed2 bath1,470 sq ft$1.53/SF
Leased Jul 15, 2025
Subject difference
  • 10 SF smaller
Research comparison noteSlightly smaller, comparable condition
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • County assessor shows 2022 purchase at $342,000 ($231/SF) — current estimate $380,000 ($257/SF)
  • Assessed value $195,900 — annual taxes $1,101
  • Zoned AR — single-family residential use
  • 3 comparable sales within 0.5 miles in last 12 months range $350K–$400K
  • Average days on market in area: 30 days (seller's market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify renovation permits were properly pulled
  • Confirm zoning restrictions and allowable uses
  • Professional home inspection
  • Roof condition assessment
Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • Hardwood floors through main living areas
  • Updated kitchen with new cabinetry
  • Stainless steel kitchen appliances
  • Renovated bathrooms
  • Single-story ranch layout
  • Central air conditioning and forced-air heating
  • Approx. 1,480 SF living area

Exterior & Lot

  • Brick veneer construction
  • Level 0.45-acre lot (approx. 19,602 SF)
  • Screened-in porch for additional living space
  • Driveway parking for multiple vehicles
  • Architectural shingle roof
  • No HOA — flexibility for improvements

Location & Neighborhood

  • Sedgefield neighborhood — established residential area
  • Wilmington International Airport ~2 miles
  • Historic Downtown Wilmington ~5 miles
  • Wrightsville Beach ~10 miles
  • Shopping and dining corridors along Castle Hayne Rd
  • Zoned AR (single-family residential)

Walkability & Recreation

  • Walkability Rating: 45/100 — Car-Dependent
  • Wrightsville Beach (approx. 10 miles) for beach access
  • Historic downtown waterfront and dining ~5 miles
  • University of North Carolina Wilmington ~7 miles
  • Easy access to regional road network and Wilmington International Airport (2 miles)
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Long & Foster Real Estate listing for 118 Jamaica DrView source
2
Zillow listing for 118 Jamaica DrView source
3
Realtor.com listing for 206 Jamaica DrView source
4
Redfin listing for 118 Bermuda DrView source
5
New Hanover County Register of DeedsView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.