NOT LISTED FOR SALE

127 NW 16th St Oak Island, NC 28465

Estimated Value: $534,000 - $866,000

0.15 Acre
$4,250,400 Price per Acre
6,534 Sq Ft Lot

Last Sold November 06, 2020

Last sale price $79,900

Est. 698% increase in value since last sale

Current estimated payment $3,522/month

138 Days on Market

Highlights

  • Golf Course Community
  • Water Access
  • Wooded Lot
  • Southport Elementary School Rated 9+
  • Fitness Center
  • No HOA

About This Lot

As of November 2020

Beautiful wooded lot tucked away on a quiet street on Oak Island. Far enough from the water not to be in a flood zone, but close enough to hear the ocean many mornings when you wake up. You can leave your driveway and be on the beach in 4 minutes from NE 16th St. Only 2 miles from the town ball fields where summer concerts, local farmer's market, and tennis and pickleball courts are located, making it an easy golf cart or bicycle ride from your beach home. With the walkway to the beachfront over Davis Canal at SE 20th St. just 4 streets away, you can walk, jog, or ride your bike down the sidewalk and cross over to the beachfront for a morning walk or jog beside the ocean. The location is far enough off of Oak Island Drive that your tranquility isn't interrupted by road noise, so at the end of the day there's peaceful relaxation on your future porch or deck as you enjoy a glass of wine in the ocean breeze. If you are considering investing in a vacant lot on Oak Island to build a home or just add to your investment portfolio, this is definitely one to look at before you make a decision to purchase anywhere else.This lot is currently one of a four-lot parcel that will be divided off of the parcel, and is the only lot being sold. The owner will stipulate on the deed that only a home built on a slab or a crawl space can be built on the lot and that no short-term rentals of the property will be allowed. There are a few piling homes on the street but not on the west side of the street where this lot is located, and a piling home on this particular location would detract from the surrounding properties.

Last Agent to Sell the Property

Timothy Pittman

RE/MAX at the Beach / Oak Island Listed on: 06/03/2020

Last Buyer's Agent

Tim Pittman

RE/MAX Revolution License #222239

RE/MAX Revolution

Property Details

Property Type

  • Land

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 55 x 120
  • Level Lot
  • Wooded Lot

Accessible Home Design

  • Accessible Ramps

Schools

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

Utilities

  • Co-Op Water
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 235ik009

Community Details

Overview

  • No Home Owners Association
  • Tranquil Harbor Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Trails
  • Water Access

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 55

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Utilities: County Water, Municipal Sewer

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Basketball, Cable, Fitness Center, Golf Course, Playground, Ramp, Sewer, Sidewalk, Street Lights, Tennis, Trails, Trash Removal, Water

Lot Info

  • Deed Book: 3418
  • Deed Page: 362.00
  • Lot Description: Wooded
  • Lot Dimensions: 55 X 120
  • Lot Number: 18
  • Lot Sq Ft: 6534.00
  • Lot Water Features: Water Access Comm
  • Plat Book: 5
  • Plat Page: 128
  • Zoning: Residential
  • Acres: 0.15
  • Deed Restriction: No
  • Environmental Hazard: No
  • List Price per Acre: 532666.67
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Level, Wooded
  • Lot Number2: 18

Tax Info

  • Tax Identifier: 235ik009
  • Tax Year: 2020

MLS Schools

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

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $79,900 -5.9% --
10/19/2020 10/19/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $84,900 -- --
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 -- $455,810 $125,000 $330,810
2024 $2,141 $455,810 $125,000 $330,810
2023 $1,721 $455,810 $125,000 $330,810
2022 $1,721 $259,300 $58,000 $201,300
2021 $0 $259,300 $58,000 $201,300
2020 $1,611 $259,300 $58,000 $201,300
2019 $1,611 $58,830 $58,000 $830
2018 $1,243 $38,040 $37,000 $1,040
2017 $1,243 $38,040 $37,000 $1,040
2016 $1,218 $38,040 $37,000 $1,040
2015 $1,218 $212,960 $37,000 $175,960
2014 $1,014 $189,530 $45,000 $144,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100220313

Hive MLS

APN: 234FJ013