NOT LISTED FOR SALE

2902 E Pelican Dr Oak Island, NC 28465

Estimated Value: $732,000 - $851,000

3 Beds
2 Baths
1,368 Sq Ft
$565/Sq Ft Est. Value

Last Sold September 23, 2021

Last sale price $550,000 $402 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,411/month

3 Days on Market

Highlights

  • Ocean View
  • Corner Lot
  • No HOA
  • Deck
  • Furnished
  • Covered Patio or Porch

About This Home

As of September 2021

WOW! Just wait until you see the view from this spectacular furnished 3 bedroom 2 bath piling home located on marsh front land on E Pelican. What an OCEAN view you have when you are sitting on the front screen porch or just look out to enjoy the view from either of the 2 ocean facing bedrooms or the living area with its large also ocean facing windows! Kitchen has been updated. The cottage with a great view of the marsh and backs up to Davis Canal. This cottage has an easy flowing floor plan with 2 screen porches to enjoy . Just come take a look at the peaceful location this cottage offers. You will not be disappointed.

Last Agent to Sell the Property

Pat Proctor

Margaret Rudd Assoc/O.I. License #204923 Listed on: 08/01/2021

Last Buyer's Agent

Tammy Littlejohn

Keller Williams Innovate-OKI License #319624

Keller Williams Innovate-OKI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,778

Year Built

  • Built in 1989

Lot Details

  • 10,094 Sq Ft Lot
  • Lot Dimensions are 49x206x185x52
  • Property fronts a marsh
  • Corner Lot

Home Design

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

Interior Spaces

  • 1,368 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 235oi038

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,778

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One and One Half
  • Year Built: 1989
  • Road Frontage Type: Marsh Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination, Kitchen
  • Fireplace: None
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: Ceiling Fan(s), Furnished, Pantry
  • List Price per Sq Ft: 408.63
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 7
  • Sq Ft Heated: 1368.00
  • Total Heated Primary Separate Sq Ft: 1368.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Covered, Porch, Screened, Deck
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: Yes
  • Waterview: Yes

Garage/Parking

  • Parking Driveway: Paved

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Stove/Oven - Electric, Dryer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Sewer Connected, Water Connected
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: See Remarks

Lot Info

  • Deed Page: 1178.00
  • Lot Acres: 0.23
  • Lot Description: Corner Lot
  • Lot Dimensions: 49x206x185x52
  • Lot Number: 1
  • Lot Sq Ft: 10094.00
  • Plat Book: J
  • Plat Page: 200
  • Special Assessments: Proposed sand assessments
  • Zoning: residential
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 235oi038
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 1778.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2021
Closed on
Sep 10, 2021
Sold by
Trumpower Scott D and Trumpower Dana M
Bought by
Lail Phillip R and Lail Elizabeth B
Seller's Agent
Pat Proctor
Margaret Rudd Assoc/O.I.
Buyer's Agent
Tammy Littlejohn
Keller Williams Innovate-OKI
List Price
$558,999
Sold Price
$550,000
Premium/Discount to List
-$8,999
-1.61%
Current Estimated Value
$773,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,237
Avg. Annual Appreciation
9.02%
Original Mortgage
$467,500
Outstanding Balance
$430,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$341,495

Purchase Details

Listed on
May 9, 2016
Closed on
Jul 25, 2016
Sold by
Shepherd Caroline Z
Bought by
Trumpower Scott D and Trumpower Dana M
Seller's Agent
Debi Dolan-Prince
Wilkinson ERA Real Estate
Buyer's Agent
Pat Proctor
Margaret Rudd Assoc/O.I.
List Price
$333,000
Sold Price
$325,000
Premium/Discount to List
-$8,000
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.73%
Original Mortgage
$225,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2005
Sold by
Shepherd Thomas W
Bought by
Shepherd Caroline Z
Source: Public Records

Range of Values:

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Average Value
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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
Lail Phillip R $550,000 None Available
Trumpower Scott D $325,000 None Available
Shepherd Caroline Z -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lail Phillip R $467,500
Previous Owner Trumpower Scott D $225,000
Previous Owner Shepherd Caroline Z $269,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2021 09/23/21 Sold $550,000 -1.6% $402 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
08/01/2021 08/01/21 For Sale $558,999 +72.0% $409 / Sq Ft
07/29/2016 07/29/16 Sold $325,000 -2.4% $242 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $333,000 -- $248 / 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
2024 $2,364 $566,500 $250,000 $316,500
2023 $1,833 $566,500 $250,000 $316,500
2022 $1,833 $314,900 $142,000 $172,900
2021 $1,833 $314,900 $142,000 $172,900
2020 $1,778 $314,900 $142,000 $172,900
2019 $1,778 $142,610 $142,000 $610
2018 $1,533 $125,520 $125,000 $520
2017 $1,533 $125,520 $125,000 $520
2016 $1,508 $125,520 $125,000 $520
2015 $1,508 $268,240 $125,000 $143,240
2014 $1,580 $306,798 $200,000 $106,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100284024

Hive MLS

APN: 235OI038