NOT LISTED FOR SALE

2720 W Pelican Dr Oak Island, NC 28465

Estimated Value: $1,343,771 - $1,410,000

0.19 Acre
$7,276,016 Price per Acre
8,359 Sq Ft Lot

Last Sold December 14, 2018

Last sale price $205,000

Est. 574% increase in value since last sale

Current estimated payment $7,646/month

179 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Intracoastal View
  • No HOA
  • Southport Elementary School Rated 9+
  • Home fronts a creek

About This Lot

As of December 2018

Build your dream beach home on this beautiful waterfront lot on the west end of Oak Island. It is located on Montgomery Sough, off Davis Canal offering two access points to deep water. In addition, it is an easy two block walk to the beach and is surrounded by new custom homes. This property has wonderful sunset views and a broad Intracoastal waterway view. There is a public boat ramp and a seafood restaurant nearby.

Last Agent to Sell the Property

Lincoln Scott

Scott Homes License #242997 Listed on: 06/02/2018

Last Buyer's Agent

Gina McNeil

Carolina Exclusives License #218970

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,747

Lot Details

  • 8,359 Sq Ft Lot
  • Home fronts a creek
  • Property fronts a marsh
  • 50 Feet of Waterfront
  • Cleared Lot
  • Property is zoned OK-R-7

Property Views

  • Intracoastal
  • Creek or Stream

Schools

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

Community Details

  • No Home Owners Association
  • W. Long Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 234oa00902

Property Details

Property Type

Land

Est. Annual Taxes

$4,747

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: Creek Front, Marsh 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: 50
  • Water Frontage: 50.00

Utilities

  • Fuel Tank: None

Association/Amenities

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

Schools

  • School District: Brunswick

Lot Info

  • Deed Page: 397.00
  • Lot Sq Ft: 8359.00
  • Plat Book: 2
  • Plat Page: 260
  • Zoning: OK-R-7
  • Acres: 0.19
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 1131578.95
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared/Partial
  • Lot View Type: Creek View, ICW View, Marsh View

Tax Info

  • Tax Identifier: 234oa00902
  • Tax Year: 2017

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2018
Closed on
Dec 14, 2018
Sold by
Boggess Danielle
Bought by
Sims Thomas and Sims Angela
Seller's Agent
Lincoln Scott
Scott Homes
Buyer's Agent
Gina McNeil
Carolina Exclusives
List Price
$275,000
Sold Price
$205,000
Premium/Discount to List
-$70,000
-25.45%
Current Estimated Value
$1,382,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,177,443
Avg. Annual Appreciation
32.02%

Purchase Details

Closed on
Jun 18, 2018
Sold by
Estate Of John Boggess
Bought by
Boggess Danielle
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
Sims Thomas $205,000 None Available
Boggess Danielle -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2018 12/14/18 Sold $205,000 -25.5% --
11/28/2018 11/28/18 Pending -- -- --
06/02/2018 06/02/18 For Sale $275,000 +216.1% --
09/21/2012 09/21/12 Sold $87,000 -65.2% -- View Prior Sale
09/20/2012 09/20/12 Pending -- -- --
07/03/2009 07/03/09 For Sale $250,000 -- --
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 $4,747 $1,137,930 $350,000 $787,930
2024 $4,747 $1,137,930 $350,000 $787,930
2023 $4,001 $1,137,930 $350,000 $787,930
2022 $4,001 $693,570 $200,000 $493,570
2021 $4,144 $732,160 $200,000 $532,160
2020 $1,063 $200,000 $200,000 $0
2019 $1,063 $200,000 $200,000 $0
2018 $438 $81,000 $81,000 $0
2017 $438 $81,000 $81,000 $0
2016 $435 $81,000 $81,000 $0
2015 $435 $81,000 $81,000 $0
2014 $1,385 $285,000 $285,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100119086

Hive MLS

APN: 234OA00902