NOT LISTED FOR SALE

505 E Oak Island Dr Oak Island, NC 28465

Estimated Value: $530,000 - $731,000

3 Beds
1.5 Baths
2,044 Sq Ft
$315/Sq Ft Est. Value

Last Sold January 13, 2021

Last sale price $389,000 $190 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,581/month

2 Days on Market

Highlights

  • 0.39 Acre Lot
  • Deck
  • Corner Lot
  • Southport Elementary School Rated 9+
  • Vaulted Ceiling
  • No HOA

About This Home

As of January 2021

This amazing ranch style home may be just what you're looking for as your home on the coast! And bring your boat or RV!You'll love being close to the beach and to the scenic walkway, on a double corner lot with beautiful live oak trees. This attractive home has had many upgrades, and features including a new metal roof and water heater in 2019, new appliances, luxury vinyl plank floors and much more. There's plenty of living space, with a cozy formal living room with a gas fireplace for those cool evenings and a large family room, great for enjoying a good movie, playing board games or just hanging out with family. There are 3 bedrooms and 2 additional rooms that are currently being used for crafts and exercise. This home is heated with propane gas which keeps utility bills in check. The range, dryer and water heater are also gas powered. Outdoor space is important and this backyard is amazing. It's huge and fully fenced (400') and very private. It has two new decks, perfect for enjoying an outdoor meal or just for some solitude. There is a new 12x36 boat or RV coverfor your toys and it can be accessed from the side street. There is a new storage shed (10x20) as well as another smaller building that would make a wonderful playhouse for the kids. And of course there is an outdoor shower for those sandy beach days. Plenty of parking and no flood insurance required complete the picture. Theres so much value in this property. You have to see it to believe it!

Last Agent to Sell the Property

Donna Findlay

RE/MAX Southern Coast License #219274 Listed on: 12/01/2020

RE/MAX Southern Coast

Co-Listed By

Robert Carroll

RE/MAX Southern Coast License #262808

Last Buyer's Agent

Carol Bailey

Port Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,076

Year Built

  • Built in 1966

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 121x149x120x135
  • Property is Fully Fenced
  • Wood Fence
  • Corner Lot
  • Irrigation

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Block Exterior
  • Stick Built Home

Interior Spaces

  • 2,044 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Combination Dining and Living Room

Kitchen

  • Gas Oven
  • Dishwasher

Flooring

  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Hall
  • Dryer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Driveway
  • Paved Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Porch

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Propane
  • Propane Water Heater
  • Fuel Tank

Community Details

  • No Home Owners Association
  • Long Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 235ir009

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,076

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Block, Wood Frame
  • Construction Type: Stick Built
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: LVT/LVP, Tile
  • Heated Sq Ft: 2000 - 2199
  • Interior Amenities: 1st Floor Master, Smoke Detectors, Gas Logs, Ceiling Fan(s), Ceiling - Vaulted, Blinds/Shades, 9Ft+ Ceilings
  • Laundry Location: Closet, Hall
  • List Price per Sq Ft: 190.31
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 9
  • Sq Ft Heated: 2044.00
  • Total Heated Primary Separate Sq Ft: 2044.00

Exterior Features

  • Exterior Features: Irrigation System, Outdoor Shower, Storm Doors
  • Exterior Finish: Block
  • Exterior Structures: Shower, Workshop, Storage
  • Fencing: Full, Wood
  • Foundation: Slab
  • Porch Balcony Deck: Deck, Patio, Porch
  • Road Type Frontage: Maintained, Paved
  • Roof: Metal
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Garage And Parking Driveway Spaces: 5.00
  • Garage And Parking R V Boat Spaces: 1.00
  • Parking Driveway: Paved

Utilities

  • Appliances Equipment: Dishwasher, Stove/Oven - Gas, Refrigerator, Dryer
  • Cooling System: Central
  • Fuel Tank: Propane Above Ground
  • Fuel Tank Ownership: Leased
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Propane
  • HeatingSystemFuelSource: Propane Gas

Association/Amenities

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

Lot Info

  • Deed Page: 1126.00
  • Lot Acres: 0.39
  • Lot Description: Corner Lot
  • Lot Dimensions: 121x149x120x135
  • Lot Sq Ft: 16988.00
  • Lot Water Features: None
  • Plat Book: 7
  • Plat Page: 118
  • Special Assessments: none known
  • Zoning: residential

Tax Info

  • Tax Identifier: 235ir009
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Jan 4, 2021
Sold by
Croom Selby Wayne and Ackerman Louise Elizabeth
Bought by
Riley Kathleen Mary
Seller's Agent
Donna Findlay
RE/MAX Southern Coast
Buyer's Agent
Carol Bailey
Port Realty, Inc.
List Price
$389,000
Sold Price
$389,000
Current Estimated Value
$644,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,632
Avg. Annual Appreciation
11.17%
Original Mortgage
$311,200
Outstanding Balance
$277,747
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$366,885

Purchase Details

Listed on
Jan 23, 2019
Closed on
Aug 9, 2019
Sold by
Powell Jimmy Wayne and Powell Linda Fay
Bought by
Croom Selby Wayne and Ackerman Louise
Seller's Agent
Christine Cronick
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Donna Findlay
RE/MAX Southern Coast
List Price
$215,000
Sold Price
$190,000
Premium/Discount to List
-$25,000
-11.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.36%

Purchase Details

Closed on
Feb 1, 2000
Bought by
Powell Jimmy Wayne Et Linda Faye
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
Riley Kathleen Mary $389,000 None Available
Croom Selby Wayne $190,000 None Available
Powell Jimmy Wayne Et Linda Faye $96,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Kathleen Mary $311,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2021 01/13/21 Sold $389,000 0.0% $190 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $389,000 +104.7% $190 / Sq Ft
09/03/2019 09/03/19 Sold $190,000 -11.6% $84 / Sq Ft View Prior Sale
06/12/2019 06/12/19 Pending -- -- --
01/23/2019 01/23/19 For Sale $215,000 -- $95 / 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 $2,076 $438,710 $217,500 $221,210
2024 $2,076 $438,710 $217,500 $221,210
2023 $1,616 $438,710 $217,500 $221,210
2022 $1,616 $239,180 $103,500 $135,680
2021 $1,556 $239,180 $103,500 $135,680
2020 $1,506 $239,180 $103,500 $135,680
2019 $1,242 $105,390 $103,500 $1,890
2018 $811 $57,820 $55,500 $2,320
2017 $811 $57,820 $55,500 $2,320
2016 $786 $57,820 $55,500 $2,320
2015 $786 $130,660 $55,500 $75,160
2014 $814 $148,043 $71,250 $76,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100247409

Hive MLS

APN: 235IR009