NOT LISTED FOR SALE

2501 E Beach Dr Oak Island, NC 28465

Estimated Value: $1,374,000 - $1,438,195

4 Beds
3 Baths
1,760 Sq Ft
$801/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $1,025,000 $582 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,305/month

2 Days on Market

Highlights

  • Ocean Front
  • Ocean Side of Freeway
  • Deck
  • Southport Elementary School Rated 9+
  • 0.43 Acre Lot
  • Furnished

About This Home

As of September 2021

If you have been looking for that special ocean front home at Oak Island, then this is definitely the home for you. This 2021 renovated house has been enjoyed by a family and never rented. However, if you chose to rent, this home would produce huge income. This house is sitting on .43 acres, which is double the size of most ocean front lots and provides you with lots of privacy and no neighbors butted up next to you. Because of the larger lot, you have ample parking, but more importantly, there is an awesome gazebo at the end of your private walkway to the beach, where you can watch the sunsets each evening. When you enter this home, you will instantly appreciate how well maintained it is. All of the furniture is brand new & conveys with the house. On the main level, there is a spacious living room & dining area with many windows, offering panoramic ocean views. The kitchen is adjacent to the dining area & features granite counter tops, sleek white cabinets, a tile backsplash, & pantry. Also on the main level there is 1 bedroom & a beautiful full bath, along with the laundry room. Upstairs, there are 3 more bedrooms, including the amazing master suite. Most beach houses do not offer a true master suite like this one, which easily accommodates a king size bed & has a true walk in closet. The master bath is highlighted by a gorgeous shower with tile from floor to ceiling & a dual vanity. Off the bedroom, there is a sliding glass door that leads you to a private balcony. The other 2 guest bedrooms share a full bath, which also has a stunning tile shower & new vanity. There is a sliding glass door in the living room that leads to a large deck across the back. Everything the island offers is very close by including the new Publix & the Food Lion grocery stores. You can also walk or bike to the park where summer concerts are performed. Opportunities like this are few & far between. Don't let this one slip by!

Last Agent to Sell the Property

Seth Barbee

Carolina Plantations Real Estate Listed on: 08/05/2021

Last Buyer's Agent

Seth Barbee

The Saltwater Agency License #280250

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 75 x 245
  • Ocean Front

Home Design

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

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Blinds
  • Combination Dining and Living Room
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Outdoor Shower
  • Ocean Side of Freeway
  • Deck
  • Open Patio
  • Gazebo

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 235oe017

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Auction: No
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 502.00
  • Directions To Property: From Middleton Bridge, go straight to Beach Drive, Turn left on Beach Dr., House will be on your right 2501.
  • Document Count: 3
  • Federal Flood Ins Avlbl: Yes
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: None
  • H O A: No
  • H O Aand Neighborhood Amenities: See Remarks
  • Listing I D: 100284776
  • List Priceper Sq Ft: 582.39
  • Location Type: Island
  • Lot Acres: 0.43
  • Lot Dimensions: 75 x 245
  • Lot Number: 1
  • Lot Sq Ft: 18731.00
  • Lot Water Features: Ocean Side
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Deck, Open, See Remarks
  • Pre Direction: E
  • Prospect Exempt: No
  • Road Type Frontage: Public (City/Cty/St)
  • Secondary Subdivision: N/A
  • Sign On Property: Yes
  • Sq Ft Heated: 1760.00
  • State Province: NC
  • Stipulation Of Sale: None
  • Stories: 2.0
  • Stories Levels: Two
  • Subdivision: Not In Subdivision
  • Tax Identifier: 235oe017
  • Tax Year: 2021
  • Terms: Cash, Conventional
  • Total Heated Primary Separate Sq Ft: 1760.00
  • Un Branded Virtual Tour: https://my.matterport.com/show/?m=iZQ1seASvxx&brand=0
  • Waterview: Yes
  • Year Built: 1990
  • Zoning: Res
  • Road Frontage Type: Ocean Front
  • Lot View Type: Ocean View, Water View
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Interior Amenities: Blinds/Shades, Furnished
  • Laundry Location: Closet
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 4
  • Bedroom1 Level: Upper
  • Bedroom2 Level: Upper
  • Bedroom3 Level: Main
  • Laundry Level: Main
  • Primary Bedroom Level: Upper

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Gazebo
  • Roof: Shingle
  • Waterfront: Yes

Garage/Parking

  • Parking Driveway: On Site, Paved

Utilities

  • Heated Sq Ft: 1600 - 1799
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 9, 2021
Sold by
Weaver Scott B and Weaver Renee
Bought by
Douglass Jason M and Douglass Margaret S
Seller's Agent
Seth Barbee
Carolina Plantations Real Estate
Buyer's Agent
Seth Barbee
The Saltwater Agency
List Price
$1,025,000
Sold Price
$1,025,000
Current Estimated Value
$1,410,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,049
Avg. Annual Appreciation
7.70%
Original Mortgage
$820,000
Outstanding Balance
$746,139
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$663,910

Purchase Details

Listed on
Oct 12, 2020
Closed on
Nov 19, 2020
Sold by
Thorne Bettie Wilson
Bought by
Weaver Scott B
Seller's Agent
Karen Bolton
Coastal Lights Realty
Buyer's Agent
Seth Barbee
The Saltwater Agency
List Price
$745,000
Sold Price
$760,000
Premium/Discount to List
$15,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.78%
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1996
Bought by
Thorne Bettie Wilson
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
Douglass Jason M $1,025,000 None Available
Weaver Scott B $760,000 None Available
Thorne Bettie Wilson $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Douglass Jason M $820,000
Previous Owner Weaver Scott B $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2021 09/22/21 Sold $1,025,000 0.0% $582 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $1,025,000 +34.9% $582 / Sq Ft
11/20/2020 11/20/20 Sold $760,000 +2.0% $432 / Sq Ft View Prior Sale
10/17/2020 10/17/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $745,000 -- $423 / 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 -- $1,129,120 $690,000 $439,120
2024 $45 $1,129,120 $690,000 $439,120
2023 $2,955 $1,129,120 $690,000 $439,120
2022 $0 $528,490 $312,000 $216,490
2021 $0 $530,210 $312,000 $218,210
2020 $2,909 $530,210 $312,000 $218,210
2019 $2,909 $317,150 $312,000 $5,150
2018 $2,926 $353,750 $350,630 $3,120
2017 $2,926 $353,750 $350,630 $3,120
2016 $2,901 $353,750 $350,630 $3,120
2015 $2,901 $533,570 $350,630 $182,940
2014 $3,172 $636,707 $510,000 $126,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100284776

Hive MLS

APN: 235OE017