NOT LISTED FOR SALE

118 NE 16th St Oak Island, NC 28465

Estimated Value: $565,000 - $654,952

3 Beds
2 Baths
1,245 Sq Ft
$489/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $520,000 $418 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,393/month

155 Days on Market

Highlights

  • Fitness Center
  • Wood Flooring
  • Tennis Courts
  • Southport Elementary School Rated 9+
  • No HOA
  • Covered Patio or Porch

About This Home

As of June 2023

Looking for a piling home with additional living space that can be used as an efficiency apartment, recreational room, etc.? This is the one! This home, not located in a flood zone, has a lower level that consists of approximately 516 square feet that offers room for a bedroom, living room and has a full bathroom. There are so many options with this additional space that is climate controlled with 2 mini-splits. This move-in ready, furnished, 3 bedroom, 2 full bath open concept plan on the main level will accommodate family and friends with ease. The well laid out kitchen boasts ample cabinet space, stainless appliances and a conveniently located washer/dryer area. Plantation style shutters adorn the interior windows providing a coastal vibe. Sip coffee and greet neighbors from the expansive front porch that extends the entire front of the home. Enjoy quiet evenings on the back deck that is Trex-style with vinyl railings that can be accessed from the primary en-suite. The fully fenced backyard will offer the fur babies a safe place to play. Store your golf cart and beach toys in the large shed in the backyard. Enjoy fishing from the pier at Veteran's Park on the ICW one street over and use the scenic canal crossover on SE 20th for a short walk to the beach. Wash off the sand when returning from a day on the beach in the hot/cold outdoor shower. Enjoy all the amenities that the Town of Oak Island offers such as concerts in the park, Splash pad, fishing piers, pickleball, basketball, dog park, etc. and pay no HOAs. Come and check out all that this wonderful home has to offer today! Rental projection from a local property management company at $54,100 for top level. Rent the lower level together or separately for additional income.

Last Agent to Sell the Property

The Advantage Team

Southern Realty Advantage LLC Listed on: 12/30/2022

Co-Listed By

Julie Popichak

Southern Realty Advantage LLC License #320821

Last Buyer's Agent

Tiffany Williamson

Navigate Realty License #279179

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,801

Year Built

  • Built in 2011

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 55x120x55x120
  • Fenced Yard
  • Wood Fence
  • Interior Lot
  • Property is zoned R6

Parking

  • Driveway

Home Design

  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,245 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Combination Dining and Living Room
  • Attic Access Panel

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Covered Patio or Porch
  • Shed

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 61
  • Assessor Parcel Number 235ja03701

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground
  • Fitness Center
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,801

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 2011
  • Trash Collection: City Pick-UP
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Tile, Wood
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: 9Ft+ Ceilings
  • Laundry Location: Kitchen
  • List Price per Sq Ft: 315.11
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 5
  • Additional Living Spaces with Separate Entrance Description: Lower level suite
  • Sq Ft Heated: 1245.00
  • Sq Ft Heated Separate: 516.00
  • Total Heated Primary Separate Sq Ft: 1761.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shed(s)
  • Fencing: Back Yard, Wood
  • Foundation: Pilings
  • On Site Pool Spa: None
  • Porch Balcony Deck: Covered, Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: Concrete

Utilities

  • Appliances Equipment: Dishwasher, Dryer, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
  • Cooling System: Heat Pump
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • Internet Service Provider: Spectrum, Focus
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Basketball Court, Fitness Center, Park, Pickleball, Playground, Tennis Court(s)

Lot Info

  • Deed Page: 492.00
  • Lot Acres: 0.15
  • Lot Description: Interior Lot
  • Lot Dimensions: 55x120x55x120
  • Lot Number: 61
  • Lot Sq Ft: 6534.00
  • Lot Water Features: None
  • Plat Book: 5
  • Plat Page: 128
  • Zoning: R6

Green Features

  • Green Bldg Certify: None
  • Green Bldg Features: None

Tax Info

  • Tax Identifier: 235ja03701
  • Tax Year: 2022
  • Total City Real Estate Property Tax: 1466.42
  • Total Real Estate Property Taxes: 1801.20

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
Dec 30, 2022
Closed on
Jun 5, 2023
Sold by
Properties Of Eden Llc
Bought by
Reavis Elizabeth and Reavis Jerel
Seller's Agent
The Advantage Team
Southern Realty Advantage LLC
Buyer's Agent
Tiffany Williamson
Navigate Realty
List Price
$575,000
Sold Price
$520,000
Premium/Discount to List
-$55,000
-9.57%
Views
207
Current Estimated Value
$609,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,238
Avg. Annual Appreciation
6.91%

Purchase Details

Listed on
May 20, 2022
Closed on
Aug 1, 2022
Sold by
Land Thomas E and Land Kathy D
Bought by
Properties Of Eden Llc
Seller's Agent
Dawn McVicker
Better Beach Sales & Rentals, Inc.
Buyer's Agent
Crystal McDaniel
Palm Realty, Inc.
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.24%

Purchase Details

Listed on
Sep 9, 2011
Closed on
Mar 30, 2012
Sold by
Cs Investment Group Llc
Bought by
Land Thomas E and Land Kathy D
Seller's Agent
Kim Anderson
Art Skipper Realty Inc.
Buyer's Agent
Kim Anderson
Art Skipper Realty Inc.
List Price
$199,500
Sold Price
$183,800
Premium/Discount to List
-$15,700
-7.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Original Mortgage
$147,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Reavis Elizabeth $520,000 None Listed On Document
Properties Of Eden Llc $550,000 Mcangus Goudelock & Courie Pll
Land Thomas E $184,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Land Thomas E $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2023 06/15/23 Sold $520,000 -6.3% $418 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
04/13/2023 04/13/23 Price Changed $554,900 -1.8% $446 / Sq Ft
02/20/2023 02/20/23 Price Changed $564,900 -1.8% $454 / Sq Ft
12/28/2022 12/28/22 For Sale $575,000 +4.5% $462 / Sq Ft
08/01/2022 08/01/22 Sold $550,000 -4.3% $431 / Sq Ft View Prior Sale
05/23/2022 05/23/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $575,000 +212.8% $450 / Sq Ft
03/30/2012 03/30/12 Sold $183,800 -7.9% $153 / Sq Ft View Prior Sale
03/23/2012 03/23/12 Pending -- -- --
09/09/2011 09/09/11 For Sale $199,500 -- $166 / Sq Ft
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 $2,374 $596,500 $147,000 $449,500
2024 $2,374 $569,120 $147,000 $422,120
2023 $1,801 $569,120 $147,000 $422,120
2022 $1,771 $308,800 $68,000 $240,800
2021 $1,771 $308,800 $68,000 $240,800
2020 $1,746 $308,800 $68,000 $240,800
2019 $1,746 $73,060 $68,000 $5,060
2018 $1,280 $39,170 $37,000 $2,170
2017 $1,280 $39,170 $37,000 $2,170
2016 $1,255 $39,170 $37,000 $2,170
2015 $1,255 $220,090 $37,000 $183,090
2014 $1,005 $187,621 $45,000 $142,621
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100362933

Hive MLS

APN: 235JA03701