NOT LISTED FOR SALE

112 SE 72nd St Oak Island, NC 28465

Estimated Value: $1,326,000 - $2,024,295

0.74 Acre
$2,311,249 Price per Acre
32,234 Sq Ft Lot

Last Sold August 21, 2019

Last sale price $430,000

Est. 298% increase in value since last sale

Current estimated payment $9,478/month

17 Days on Market

Highlights

  • 60 Feet of Waterfront
  • 0.74 Acre Lot
  • Level Lot
  • Southport Elementary School Rated 9+
  • No HOA
  • Dunes

About This Lot

As of August 2019

Approved building permit on file with Town of Oak Island! This stunning oceanfront lot that is now zoned AE has an approved VE building permit allowing for 41' height if you build the house that has been approved by Town. This property has been surveyed and will convey with approved plans. Enjoy the best of both worlds, being oceanfront but with distance enough from ocean that will allow for an AE flood zone. Approved building plans are for a 5BR, all with ensuites / 6BA, 3,696 sq ft home with in-deck pool. First floor boasts 4 bedrooms all with private full bathrooms, a 15.6 x. 13.4 living room/kitchenette. Upper level living area has master w/full bath, walk-in closet, office, 15 x 25 great room with 10' vaulted and flat coffered ceilings.

Last Agent to Sell the Property

Brooke Rudd-Gaglie

Margaret Rudd Assoc/O.I. Listed on: 07/07/2019

Co-Listed By

Brooke Rudd

Margaret Rudd Assoc/O.I. License #207711

Last Buyer's Agent

Bradley Walton

Real Broker LLC License #291400

Real Broker LLC

Property Details

Property Type

  • Land

Lot Details

  • 0.74 Acre Lot
  • 60 Feet of Waterfront
  • Level Lot
  • Dunes
  • Cleared Lot
  • Property is zoned R7

Property Views

  • Water Views

Schools

  • Southport Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Community Details

  • No Home Owners Association
  • Turtle Creek Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 250bl02204

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: Oceanfront
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Maintained, Paved, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Water Frontage: 60.00

Utilities

  • Fuel Tank: None

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Lot Info

  • Deed Page: 1207.00
  • Lot Description: Dunes
  • Lot Dimensions: see attached survey
  • Lot Number: 2
  • Lot Sq Ft: 32234.00
  • Special Assessments: none at this time
  • Zoning: R7
  • Acres: 0.74
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 662162.16
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Level
  • Lot Number2: 2

Tax Info

  • Tax Identifier: 250bl02204
  • Tax Year: 2018

MLS Schools

  • Elementary School: Southport
  • High School: South Brunswick
  • Middle School: South Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2019
Closed on
Aug 21, 2019
Sold by
112 Se 72Nd Street
Bought by
Odonnell William and Odonnell Tami
Seller's Agent
Brooke Rudd-Gaglie
Margaret Rudd Assoc/O.I.
Buyer's Agent
Bradley Walton
Real Broker LLC
List Price
$490,000
Sold Price
$430,000
Premium/Discount to List
-$60,000
-12.24%
Current Estimated Value
$1,710,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,280,324
Avg. Annual Appreciation
24.99%

Purchase Details

Listed on
Jul 16, 2018
Closed on
Sep 27, 2018
Sold by
Brinkley John H
Bought by
112 Se 72Nd St Inc
Seller's Agent
Steve Toop
United Brokers LTD
Buyer's Agent
Brooke Rudd-Gaglie
Margaret Rudd Assoc/Sp
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.62%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Odonnell William $430,000 None Available
112 Se 72Nd St Inc $375,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2019 08/21/19 Sold $430,000 -12.2% --
07/24/2019 07/24/19 Pending -- -- --
07/07/2019 07/07/19 For Sale $490,000 +30.7% --
10/01/2018 10/01/18 Sold $375,000 0.0% -- View Prior Sale
08/06/2018 08/06/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $375,000 -- --
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $1,441,030 $504,000 $937,030
2024 $6,092 $1,441,030 $504,000 $937,030
2023 $5,372 $1,441,030 $504,000 $937,030
2022 $0 $954,670 $350,000 $604,670
2021 $0 $350,000 $350,000 $0
2020 $1,850 $350,000 $350,000 $0
2019 $1,850 $350,000 $350,000 $0
2018 $997 $187,500 $187,500 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brooke Rudd-Gaglie

    Margaret Rudd Assoc/O.I.

    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Brooke Rudd

    Margaret Rudd Assoc/O.I.

  • B

    Buyer's Agent in 2019

    Bradley Walton

    Real Broker LLC

    6 in this area

    17 Total Sales

    Bradley Walton
    Section Image

  • S

    Seller's Agent in 2018

    Steve Toop

    United Brokers LTD

    Section Image
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Map

Source: Hive MLS

MLS Number: 100174254

Hive MLS

APN: 250BL02204

North Carolina Brunswick County Oak Island 28465

112 SE 72nd St, Oak Island, NC

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