$90,000
SOLD MAY 4, 2017

5207 E Pelican Dr Oak Island, NC 28465

0.1 Acre
$900,000 Price per Acre
4,519 Sq Ft Lot

Recently Sold

$45 Per Sq Ft

21% Below List Price

753 Days on Market

Highlights

  • Water Views
  • No HOA
  • Level Lot

About This Lot

As of October 2019

One of lowest priced lots on E. Pelican. Less than 1/10 mile to beach access, could be your perfect homesite for raised/piling beach home. Per Oak Island Planning & Zoning, building envelope for this lot is 1,666 SF. Come, see new-construction homes which this lot will accommodate, talk with builder. Sewer Assessment paid in full. New homes being built near by. GREAT location for your place at the beach. Please watch virtual tour. Buyer to verify building envelope & total tax which does include the annual sewer district fee.

Last Agent to Sell the Property

Alma Bouchard

Coldwell Banker Sea Coast Advantage Listed on: 03/23/2015

Last Buyer's Agent

William Easley

Margaret Rudd Assoc/O.I. License #237571

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,454

Lot Details

  • 4,519 Sq Ft Lot
  • Lot Dimensions are 50x96x50x90
  • Level Lot
  • Cleared Lot
  • Property is zoned OK-CB

Property Views

  • Water Views

Schools

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

Community Details

  • No Home Owners Association
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 249dd025

Property Details

Property Type

Land

Est. Annual Taxes

$1,454

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved
  • Waterfront: No
  • Waterview: Yes
  • Total Road Frontage: 50

Utilities

  • Fuel Tank: None

Association/Amenities

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

Schools

  • School District: Brunswick

Lot Info

  • Deed Book: 342
  • Deed Page: 528.00
  • Lot Dimensions: 50X96X50X90
  • Lot Number: 27
  • Lot Sq Ft: 4519.00
  • Lot Water Features: None
  • Plat Book: 8
  • Plat Page: 8
  • Special Assessments: Tax Includes Annual Sewer Fee
  • Zoning: OK-CB
  • Acres: 0.10
  • Deed Restriction: Yes
  • Environmental Hazard: Unknown
  • Flood Zone: Yes
  • List Price per Acre: 1040000.00
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Level
  • Lot Number2: 27

Tax Info

  • Tax Identifier: 249dd025
  • Tax Year: 2015
  • Total City Real Estate Property Tax: 220.00
  • Total Real Estate Property Taxes: 1454.00

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
Mar 21, 2018
Closed on
Oct 22, 2019
Sold by
Clark Easley Llc
Bought by
Goss Geoffrey W and Goss Laurie O
Seller's Agent
Pat Proctor
Margaret Rudd Assoc/O.I.
Buyer's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
List Price
$599,900
Sold Price
$530,000
Premium/Discount to List
-$69,900
-11.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.76%
Original Mortgage
$477,000
Outstanding Balance
$423,359
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$802,809

Purchase Details

Closed on
Sep 18, 2017
Sold by
Clark Roland C and Clark Carla L
Bought by
Clark Easley Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Type Sale Price Title Company
Warranty Deed $530,000 None Available
Warranty Deed $92,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $477,000 New Conventional
Previous Owner $250,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2024 12/02/24 For Sale $1,249,000 +135.7% $626 / Sq Ft
10/24/2019 10/24/19 Sold $530,000 -11.7% $266 / Sq Ft
09/15/2019 09/15/19 Pending -- -- --
03/21/2018 03/21/18 For Sale $599,900 +566.6% $301 / Sq Ft
05/04/2017 05/04/17 Sold $90,000 -21.1% $45 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
03/23/2015 03/23/15 For Sale $114,000 -- $57 / 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 $3,661 $825,850 $251,250 $574,600
2023 $3,209 $825,850 $251,250 $574,600
2022 $3,209 $542,620 $93,750 $448,870
2021 $3,149 $542,620 $93,750 $448,870
2020 $2,995 $522,890 $93,750 $429,140
2019 $2,790 $93,750 $93,750 $0
2018 $433 $80,000 $80,000 $0
2017 $433 $80,000 $80,000 $0
2016 $430 $80,000 $80,000 $0
2015 $430 $80,000 $80,000 $0
2014 $550 $112,000 $112,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 20691356

Hive MLS

APN: 249DD025