NOT LISTED FOR SALE

1607 E Pelican Dr Oak Island, NC 28465

Estimated Value: $620,668 - $758,000

3 Beds
2 Baths
1,200 Sq Ft
$557/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $510,000 $425 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,649/month

22 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • No HOA
  • Southport Elementary School Rated 9+
  • Solid Surface Countertops
  • Covered Patio or Porch

About This Home

As of March 2022

Location, Location, Location! 1607 E Pelican is just a few hundred feet from the 19th Place Nature Trail across the marsh, The Ocean Crest Pier, Island Way Restaurant, The Seahorse Bar, and most importantly the Sunny Beaches of Oak Island are right around the corner. This quaint home is perfect as a full time residence, part time beach get away, or as a vacation rental property. The main living area has 1200 square feet, 3 Bedrooms and 2 Full Baths while still having an open dining, kitchen, and living room for times when you want to gather together. An additional 950 square feet, bedroom and a half bath are located in the secondary living area downstairs allowing for so many options. You'll also find tons of room for storage or additional sleeping areas downstairs. Don't worry about carrying your bags upstairs, just throw your luggage and groceries on the exterior elevator and send them on up!Imagine your family being steps from the beach, marsh cross over, pier fishing, surf fishing, kayaking, a wonderful restaurant, and a great little watering hole. Stroll the pier or the beach for amazing sunrises and sunsets, relax on the back deck and listen to the waves rolling onto the sand. With a great beach feel inside and out this home will not last long.

Last Agent to Sell the Property

Todd Holleman

Keller Williams Innovate-OKI License #316672 Listed on: 12/28/2021

Keller Williams Innovate-OKI

Last Buyer's Agent

Todd Holleman

Keller Williams Innovate-OKI License #316672 Listed on: 12/28/2021

Keller Williams Innovate-OKI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,559

Year Built

  • Built in 1979

Lot Details

  • 7,440 Sq Ft Lot
  • Lot Dimensions are 63' x 120' x 62' x 120'
  • Open Lot
  • Property is zoned R6

Home Design

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

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Attic Access Panel
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Range Hood
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Finished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Laundry in Basement

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Tandem Parking
  • Unpaved Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed
  • Exterior Wheelchair Lift

Outdoor Features

  • Outdoor Shower
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 235og004

Community Details

Overview

  • No Home Owners Association
  • Long Beach Subdivision

Security

  • Security Lighting

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,559

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Appliances Equipment: Dishwasher, Stove/Oven - Electric, Vent Hood, Refrigerator
  • Auction: No
  • Basement: Finished - Partial, Outside Entrance
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central, Wall/Window Unit(s)
  • Deed Page: 1120.00
  • Directions To Property: Entering the Island on Middleton Rd. Go through the stop light and then turn left onto E. Dolphin Dr. Continue East and turn left onto 16th Place E, then right onto E. Pelican. House will be on the right.
  • Document Count: 4
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings, Slab
  • Fuel Tank: None
  • Handicap Accessible: Elevator, Exterior Wheelchair Lift
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100305788
  • List Priceper Sq Ft: 250.12
  • Location Type: Island
  • Lot Acres: 0.17
  • Lot Description: Open
  • Lot Dimensions: 63' X 120' X 62' X 120'
  • Lot Number: 32
  • Lot Sq Ft: 7440.00
  • Lot Water Features: None
  • Marketing City: Oak Island Beach
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Covered, Porch, Patio, Open, Deck
  • Pre Direction: E
  • Prospect Exempt: No
  • Road Type Frontage: Maintained, Public (City/Cty/St), Paved
  • Secondary Subdivision: N/A
  • Service Providers Electric Provider: Brunswick Electric
  • Service Providers Sewer Provider: City/Town
  • Service Providers Water Provider: City/Town
  • Sign On Property: Yes
  • Sq Ft Heated: 1200.00
  • Sq Ft Heated Separate: 955.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: Two
  • Subdivision: Long Beach
  • Tax Identifier: 235og004
  • Tax Year: 2019
  • Terms: Cash, Conventional
  • Total City Real Estate Property Tax: 109.24
  • Total Real Estate Property Taxes: 1558.73
  • Total Heated Primary Separate Sq Ft: 2155.00
  • Water Heater: Electric
  • Waterview: No
  • Year Built: 1979
  • Zoning: R6
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Access Only
  • Dining Room Type: Combination
  • Flooring: Carpet, Vinyl, Laminate, LVT/LVP
  • Interior Amenities: Blinds/Shades, Smoke Detectors, Solid Surface, Ceiling Fan(s)
  • Laundry Location: Basement, Hookup - Washer, Hookup - Dryer
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Outdoor Shower, Thermal Windows, Storm Doors, Security Lighting
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shower
  • On Site Pool Spa: None
  • Roof: Architectural Shingle
  • Waterfront: No

Garage/Parking

  • Garage And Parking: Tandem
  • Garage And Parking Driveway Spaces: 4.00
  • Parking Driveway: Off Street, Unpaved

Utilities

  • Heated Sq Ft: 1200 - 1399
  • Heating System: Baseboard, Forced Air, Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Heating System Fuel Source: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2021
Closed on
Mar 10, 2022
Sold by
Wild Thomas W
Bought by
Lalone Laura Kae and Bryant Kyle Christopher
Seller's Agent
Todd Holleman
Keller Williams Innovate-OKI
Buyer's Agent
Todd Holleman
Keller Williams Innovate-OKI
List Price
$539,000
Sold Price
$510,000
Premium/Discount to List
-$29,000
-5.38%
Current Estimated Value
$667,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,917
Avg. Annual Appreciation
7.24%
Original Mortgage
$459,000
Outstanding Balance
$428,854
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$239,063

Purchase Details

Listed on
Dec 28, 2021
Closed on
Feb 16, 2022
Sold by
Wild Thomas W
Bought by
Lalone Laura Kae and Bryant Kyle Christopher
Seller's Agent
Todd Holleman
Keller Williams Innovate-OKI
Buyer's Agent
Todd Holleman
Keller Williams Innovate-OKI
List Price
$539,000
Sold Price
$510,000
Premium/Discount to List
-$29,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,000
Outstanding Balance
$428,854
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$239,063

Purchase Details

Closed on
Nov 3, 2021
Sold by
Cauble Carol Lefler and Cauble Mickey L
Bought by
Wild Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2021
Sold by
Cauble John Michael and Cauble Christa
Bought by
Lefler Charles B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2018
Sold by
Lefler Charles B
Bought by
Cauble Cauble Carol Lefler Carol Lefler and Cauble Moore Carla

Purchase Details

Closed on
Dec 19, 2014
Sold by
Lefler Carolyn M and Cauble Carol L
Bought by
Lefler Charles B and Lefler Land Holdings Liquidating Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lalone Laura Kae -- Ab Miller Law Pllc
Lalone Laura Kae -- Ab Miller Law Pllc
Wild Thomas W $302,000 None Available
Lefler Charles B $75,000 None Available
Cauble Cauble Carol Lefler Carol Lefler -- None Available
Lefler Charles B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lalone Laura Kae $459,000
Closed Lalone Laura Kae $459,000
Previous Owner Wild Thomas W $302,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2022 03/10/22 Sold $510,000 -5.4% $425 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
12/26/2021 12/26/21 For Sale $539,000 -- $449 / 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 $2,293 $545,880 $240,000 $305,880
2024 $23 $545,880 $240,000 $305,880
2023 $1,645 $545,880 $240,000 $305,880
2022 $1,645 $279,090 $125,000 $154,090
2021 $1,584 $273,090 $125,000 $148,090
2020 $1,559 $273,090 $125,000 $148,090
2019 $1,559 $125,360 $125,000 $360
2018 $1,774 $180,400 $180,000 $400
2017 $1,774 $180,400 $180,000 $400
2016 $1,749 $180,400 $180,000 $400
2015 $1,749 $314,000 $180,000 $134,000
2014 $2,220 $439,442 $340,000 $99,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100305788

Hive MLS

APN: 235OG004