NOT LISTED FOR SALE

501 W Oak Island Dr Oak Island, NC 28465

Estimated Value: $563,000 - $608,000

3 Beds
2.5 Baths
1,601 Sq Ft
$365/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $499,999 $312 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,225/month

22 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Balcony
  • Southport Elementary School Rated 9+
  • No HOA
  • Skylights

About This Home

As of July 2022

Island Estate. Beautiful home on 2 lots, fantastic landscaping and beautiful oaks includes a guest cottage with 225 sq. ft. of heated space with a kitchenette and bathroom, a private gazebo for a relaxing atmosphere and sidewalks that flow throughout the property. The home offers 3 Bd/2.5 Ba, high ceilings, lovely kitchen/dining areas and living room with a fireplace plus a 675 sq. ft. heated, double garage, and 2 driveways. Skylights throughout the home including the sun room. Why settle for less.

Last Agent to Sell the Property

Scott Earp

Art Skipper Realty Inc. License #230007 Listed on: 05/24/2022

Last Buyer's Agent

Christine Cronick

Coldwell Banker Sea Coast Advantage

Coldwell Banker Sea Coast Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,385

Year Built

  • Built in 1988

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 120x120x120x120
  • Corner Lot
  • Property is zoned R6

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,601 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Combination Dining and Living Room
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bedroom Suite
  • Walk-in Shower

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck
  • Patio

Utilities

  • Heat Pump System
  • Propane
  • Co-Op Water
  • Electric Water Heater
  • Fuel Tank
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Tranquil Harbor Subdivision

Listing and Financial Details

  • Tax Lot 3&4
  • Assessor Parcel Number 234lh014

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,385

Year Built

Built in 1988

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: 2.0
  • Stories Levels: Two
  • Year Built: 1988
  • Trash Collection: City Pick-UP
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Dining Room Type: Combination, Kitchen
  • Fireplace: 1
  • Heated Sq Ft: 1600 - 1799
  • Interior Amenities: Apt/Suite, Skylights, Walk-in Shower, Smoke Detectors, Gas Logs, Ceiling Fan(s)
  • List Price per Sq Ft: 270.12
  • Master Bedroom Level: Non Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Number Rooms: 8
  • Sq Ft Heated: 1601.00
  • Sq Ft Heated Separate: 250.00
  • Total Heated Primary Separate Sq Ft: 1851.00

Exterior Features

  • Exterior Features: Outdoor Shower
  • Exterior Finish: Wood Siding
  • Fencing: Partial
  • Foundation: Crawl Space
  • Porch Balcony Deck: Balcony, Patio, Deck
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Metal
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Garage And Parking Driveway Spaces: 6.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Concrete

Utilities

  • Cooling System: Heat Pump
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Owned
  • Heating System: Heat Pump
  • Service Providers Sewer Provider: City/Town
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Sewer, Water, Sidewalk

Schools

  • School District: Brunswick County Schools

Lot Info

  • Deed Page: 213.00
  • Lot Acres: 0.33
  • Lot Description: Corner Lot
  • Lot Dimensions: 120x120x120x120
  • Lot Number: 3&4
  • Lot Sq Ft: 14418.00
  • Lot Water Features: None
  • Plat Book: 6
  • Plat Page: 67
  • Special Assessments: possible sand assessment
  • Zoning: R6

Tax Info

  • Tax Identifier: 234lh014
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 1384.69

MLS Schools

  • School District: Brunswick County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2024
Sold by
Pepe Mark A and Pepe Kristin
Bought by
Pepe Family Real Estate Holdings Trust and Pepe
Current Estimated Value
$585,093

Purchase Details

Listed on
May 24, 2022
Closed on
Jul 20, 2022
Sold by
Joseph Thrall Michael and Joseph Jean Phyllis
Bought by
Pepe Mark and Pepe Kristin
Seller's Agent
Scott Earp
Art Skipper Realty Inc.
Buyer's Agent
Christine Cronick
Coldwell Banker Sea Coast Advantage
List Price
$550,000
Sold Price
$499,999
Premium/Discount to List
-$50,001
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$200,000
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2009
Sold by
Lowe Diana Sue
Bought by
Thrall Michael Joseph and Thrall Phyllis Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Pepe Family Real Estate Holdings Trust -- None Listed On Document
Pepe Mark $500,000 Bachara Mark
Pepe Mark $500,000 Bachara Mark
Thrall Michael Joseph $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pepe Mark $200,000
Previous Owner Thrall Michael Joseph $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $499,999 0.0% $312 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/07/2022 06/07/22 Price Changed $499,999 -9.1% $312 / Sq Ft
05/24/2022 05/24/22 For Sale $550,000 -- $344 / 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 $1,867 $459,310 $210,000 $249,310
2024 $1,867 $436,300 $210,000 $226,300
2023 $1,415 $436,300 $210,000 $226,300
2022 $1,365 $235,180 $97,500 $137,680
2021 $1,365 $235,180 $97,500 $137,680
2020 $1,360 $235,180 $97,500 $137,680
2019 $1,360 $98,810 $97,500 $1,310
2018 $1,158 $57,220 $55,500 $1,720
2017 $1,158 $57,220 $55,500 $1,720
2016 $1,133 $57,220 $55,500 $1,720
2015 $1,133 $196,850 $55,500 $141,350
2014 $982 $182,805 $71,250 $111,555
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Scott Earp

    Art Skipper Realty Inc.

    (910) 368-8013

    31 in this area

    57 Total Sales

    Scott Earp
    Section Image

  • C

    Buyer's Agent in 2022

    Christine Cronick

    Coldwell Banker Sea Coast Advantage

    Section Image
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Map

Source: Hive MLS

MLS Number: 100329711

Hive MLS

APN: 234LH014

North Carolina Brunswick County Oak Island 28465

501 W Oak Island Dr, Oak Island, NC

This home is located at 501 W Oak Island Dr, Oak Island, NC 28465 since 24 May 2022 and is currently estimated at $585,093, approximately $365 per square foot. This property was built in 1988. 501 W Oak Island Dr is a home located in Brunswick County with nearby schools including Southport Elementary School, South Brunswick Middle School, and South Brunswick High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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