NOT LISTED FOR SALE

118 SE 7th St Oak Island, NC 28465

Estimated Value: $635,000 - $781,027

0.3 Acre
$2,331,690 Price per Acre
13,068 Sq Ft Lot

Last Sold August 31, 2020

Last sale price $191,000 $153 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $3,874/month

104 Days on Market

Highlights

  • 227 Feet of Waterfront
  • Canal View
  • No HOA
  • Southport Elementary School Rated 9+

About This Lot

As of August 2020

Beautiful lot(L-21A) on the Davis Canal on Oak Island offering privacy and space! This homesite is cleared and ready to build, with gorgeous mature trees. Located just 2 blocks from the SE 9th Street walk-over and 6 blocks from the Middleton beach access, this is the perfect place to enjoy sunsets! To purchase both Lots (L-19A & 21A) please check out MLS #100197037. Don't miss your opportunity to live on the Canal where you'll enjoy boating, fishing, kayaking, and unforgettable sunsets!

Last Agent to Sell the Property

Stephanie Spencer

RE/MAX at the Beach / Oak Island License #271227 Listed on: 04/17/2020

RE/MAX at the Beach / Oak Island

Last Buyer's Agent

Kathryn Auger

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,112

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 60x209x60x227
  • 227 Feet of Waterfront
  • Home fronts a canal
  • Cleared Lot
  • Property is zoned OK-R-6B

Property Views

  • Canal Views

Schools

  • Bolivia Elementary School
  • South Brunswick Middle School
  • South Brunswick High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 21A
  • Assessor Parcel Number 235iq020

Property Details

Property Type

Land

Est. Annual Taxes

$2,112

Lot Details

0

Listing Details

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

Exterior Features

  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 233
  • Water Frontage: 227.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Schools

  • School District: Brunswick

Lot Info

  • Deed Page: 788.00
  • Lot Dimensions: 60x209x60x227
  • Lot Number: 21A
  • Lot Sq Ft: 12900.00
  • Plat Book: 7
  • Plat Page: 118
  • Zoning: OK-R-6B
  • Acres: 0.30
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: No, Unknown
  • List Price per Acre: 666666.67
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared
  • Lot Number2: 21A
  • Lot View Type: Canal View, Water View

Tax Info

  • Tax Identifier: 235iq020
  • Tax Year: 2019
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Bolivia
  • High School: South Brunswick
  • Middle School: South Brunswick
  • School District: Brunswick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Aug 22, 2020
Sold by
Short Jonathan S and Short Laurie S
Bought by
Hosack David and Hosack Lisa
Seller's Agent
Stephanie Spencer
RE/MAX at the Beach / Oak Island
Buyer's Agent
Kathryn Auger
Intracoastal Realty Corp
List Price
$200,000
Sold Price
$191,000
Premium/Discount to List
-$9,000
-4.5%
Current Estimated Value
$699,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,507
Avg. Annual Appreciation
28.67%

Purchase Details

Closed on
Oct 1, 2008
Sold by
Maclean Keith
Bought by
Short Jonathan S and Short Laurie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,500
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
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
Hosack David $191,000 None Available
Short Jonathan S $222,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Short Jonathan S $177,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $191,000 -4.5% $153 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $200,000 -- $160 / 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 $2,112 $695,980 $195,000 $500,980
2024 $2,112 $500,600 $195,000 $305,600
2023 $648 $195,000 $195,000 $0
2022 $648 $120,000 $120,000 $0
2021 $645 $120,000 $120,000 $0
2020 $1,739 $307,440 $180,000 $127,440
2019 $1,739 $181,950 $180,000 $1,950
2018 $1,648 $152,140 $150,000 $2,140
2017 $1,648 $152,140 $150,000 $2,140
2016 $1,623 $152,140 $150,000 $2,140
2015 $1,623 $290,180 $150,000 $140,180
2014 $1,600 $310,957 $202,500 $108,457
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100213841

Hive MLS

APN: 235IQ020