NOT LISTED FOR SALE

1607 Shepard St Morehead City, NC 28557

Estimated Value: $601,000 - $771,000

3 Beds
1 Bath
1,024 Sq Ft
$672/Sq Ft Est. Value

Sale Details

Date Sold: July 11, 2023

Last sale price $405,000 $396 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,000 / mo

50 Days on Market

Highlights

  • Community Beach Access
  • Water Access
  • No HOA
  • Morehead City Primary School Rated A-
  • Wood Flooring
  • 2-minute walk to Shevans Park

About This Home

As of July 2023

You know what they say, buy the worst-looking home in the most desirable community and you will be happy you did! So, kiss this FROG and it will turn into a handsome Prince. Well, not exactly, but if you watch enough HGTV, have that special Decorator touch and some vision you can turn this neglected 3 bedroom, 1 bath home into one of the best homes in the most desirable ''Promise Land'' neighborhood. This coastal cottage is loaded with potentials but make no mistake, there is work to be done. The house was built in 1940, has an original fireplace and hardwood flooring throughout which explains its incredible character and Southern charm. With this property, the choices are innumerable being located on the third lot from the sound and within walking distance to all. From this address, you can simply enjoy all the fun of Downtown Morehead City Waterfront, enjoy the water accesses and admire the water views from each numbered street, or launch your boat at the boat ramp right down the road. This property affords quick access to many events/festivals such as NC Seafood Festival, Big Rock Blue Marlin Tournament, Saint Egberts church/private school, Shevans Park, restaurants, marinas, a fishing pier, recreational facilities, boutique shops/retail stores and more! This home would make a superb vacation rental/Air B&B producing you a passive income, a vacation/second home, a full-time primary residence, or retirement home. See its potential and the possibilities. You could also demolish the home, build a new one and have an amazing water view from the second story. Call us today for more information and your private showing.

Last Agent to Sell the Property

Margaret Hitchcock

Hitchcock Realty & Associates, LLC License #243602 Listed on: 06/27/2023

Co-Listed By

Sylvia Rola

Hitchcock Realty & Associates, LLC License #299668

Last Buyer's Agent

B & B Coastal Pr Team

Keller Williams Crystal Coast License #308154

Keller Williams Crystal Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,201

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 120 x 50 x 120
  • Property fronts a state road
  • Open Lot

Parking

  • On-Street Parking

Home Design

  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,024 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring
  • Crawl Space
  • Pull Down Stairs to Attic
  • Electric Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Water Access
  • Covered Patio or Porch

Utilities

  • Heat Pump System

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 638618304879000

Community Details

Overview

  • No Home Owners Association
  • Morehead City Subdivision

Amenities

  • Picnic Area

Recreation

  • Community Beach Access
  • Tennis Courts
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,201

Year Built

Built in 1940

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Secondary Subdivision: N/A
  • Year Built: 1940
  • Property Sub Type: Single Family Residence
  • Appliances: Electric Oven, Refrigerator
  • Original List Price: 425000.00
  • Unit Levels: One
  • Living Area: 1024.00
  • Is New Construction?: No
  • Type Type: 3 Bedroom
  • Island Or Mainland: Mainland
  • Prospect Exempt Y N: No
  • Remarks And Showing Info Recording Device Y N: No
  • Remarks Written By Agent Y N: Yes
  • List Price Per Sqft: 415.04
  • Special Features: None

Interior Features

  • Dining Room Type: Combination
  • Flooring: Wood
  • Interior Amenities: Master Downstairs
  • Master Bedroom Level: Primary Living Area
  • Stories: 1
  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 5
  • Room Types: Dining Area
  • Bathrooms Total Source: Computed
  • Bathrooms Total Notational: 1.00
  • Attic Features: Pull-Down Stairs
  • Living Area Range: 1000 - 1199

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Roof: Architectural Shingle
  • Road Frontage Type: Maintained, City Street, State Road, Paved
  • Road Surface Type: Paved
  • Waterfront Features: Sound Side, Third Row, Water Access Comm
  • Waterfront?: No
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Covered, Patio, Porch

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: On Street

Utilities

  • Utilities: Sewer Available, Water Available
  • Heating System Fuel Source: Electric
  • Water Source: Public
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Heating Yn: Yes
  • Sewer Provider: Municipal Sewer, City of Morehead City
  • Electric Provider: Duke Progress Energy
  • Water Provider: City of Morehead City

Condo/Co-op/Association

  • Association Amenities: Waterfront Community, Beach Access, Park, Picnic Area, Playground, Sidewalks, Tennis Court(s)
  • Has H O A?: No

Lot Info

  • Deed Book: 1063
  • Deed Page: 69.00
  • Lot Number: 12
  • Zoning: R
  • Lot Features: Open Lot, Sound Side, Third Row, Water Access Comm
  • Lot Size Acres: 0.14
  • Lot Size: 50 x 120 x 50 x 120
  • Lot Size Sq Ft: 6098.00
  • Purchase Contract Date: 2023-06-28
  • Parcel#: 638618304879000
  • Cobra Zone Y N: No
  • Federal Flood Insurance Available Y N: No
  • Permitted Use: Public

Tax Info

  • Tax Year: 2022
  • Tax Book Number: 1
  • Tax Lot: 12
  • Tax Map Number: 239
  • Tax Other Assessment Amount Frequency: None
  • Tax Amount: 2200.94

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2025
Sold by
Bought by
Current Estimated Value
$688,012

Purchase Details

Listed on
Jun 27, 2023
Closed on
Jun 22, 2023
Sold by
Bought by
Seller's Agent
Margaret Hitchcock
Hitchcock Realty & Associates, LLC
Buyer's Agent
B & B Coastal Pr Team
Keller Williams Crystal Coast
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.68%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$712,000 None Listed On Document
$712,000 None Listed On Document
$405,000 None Listed On Document
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/11/2023 07/11/23 Sold $405,000 -4.7% $396 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $425,000 0.0% $415 / Sq Ft
06/27/2023 06/27/23 Price Changed $425,000 +6.3% $415 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $400,000 -- $391 / Sq Ft
Source: Hive MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,658 $627,291 $272,406 $354,885
2024 $2,407 $307,879 $253,125 $54,754
2023 $1,062 $307,879 $253,125 $54,754
2022 $1,031 $307,879 $253,125 $54,754
2021 $1,031 $307,879 $253,125 $54,754
2020 $1,031 $307,879 $253,125 $54,754
2019 $838 $265,464 $205,312 $60,152
2017 $838 $265,464 $205,312 $60,152
2016 $838 $265,464 $205,312 $60,152
2015 $811 $265,464 $205,312 $60,152
2014 -- $272,517 $203,110 $69,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100383786

Hive MLS

APN: 6386.18.30.4879000

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