NOT LISTED FOR SALE

5227 E Beach Dr Oak Island, NC 28465

Estimated Value: $907,071 - $940,000

2 Beds
1 Bath
799 Sq Ft
$1,161/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $527,000 $660 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,926/month

Highlights

  • Ocean Front
  • Furnished
  • Porch
  • Southport Elementary School Rated 9+
  • No HOA
  • Outdoor Shower

About This Home

As of July 2021

Entered as a comparable sale

Last Agent to Sell the Property

Crystal McDaniel

Palm Realty, Inc. License #297487 Listed on: 06/28/2021

Last Buyer's Agent

Sally Seller

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,800

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150x50x150
  • Ocean Front
  • Property is zoned R-7

Parking

  • On-Site Parking

Home Design

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

Interior Spaces

  • 799 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Shower
  • Porch

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Security Lighting

Listing and Financial Details

  • Assessor Parcel Number 249de002

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,800

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Auction: No
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • Cooling System: Central
  • Deed Page: 1034.00
  • Directions To Property: East OKI Drive, left on SE 58th Street, turn right on E Beach, house is on left
  • Fencing: None
  • Fireplace: None
  • Foundation: Pilings
  • Fuel Tank: None
  • H O A: No
  • H O Aand Neighborhood Amenities: No Amenities
  • Listing I D: 100290511
  • List Priceper Sq Ft: 688.36
  • Location Type: Island
  • Lot Acres: 0.17
  • Lot Dimensions: 50x150x50x150
  • Lot Sq Ft: 7405.00
  • Marketing City: Oak Island Beach
  • M L S Approved: Y
  • New Construction: No
  • Porch Balcony Deck: Porch
  • Pre Direction: E
  • Prospect Exempt: No
  • Road Type Frontage: Public (City/Cty/St)
  • Secondary Subdivision: N/A
  • Sign On Property: No
  • Sq Ft Heated: 799.00
  • State Province: NC
  • Stipulation Of Sale: Entered as Sale Only
  • Stories: 1.0
  • Stories Levels: One
  • Subdivision: Not In Subdivision
  • Tax Identifier: 249de002
  • Tax Year: 2020
  • Terms: Conventional
  • Total Real Estate Property Taxes: 1800.39
  • Total Heated Primary Separate Sq Ft: 799.00
  • Year Built: 1963
  • Zoning: R-7
  • Road Frontage Type: Ocean Front
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Interior Amenities: Furnished
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Outdoor Shower, Security Lighting
  • Exterior Finish: Wood Siding
  • Roof: Metal
  • Waterfront: Yes

Garage/Parking

  • Parking Driveway: On Site

Utilities

  • Heated Sq Ft: 600 - 799
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Jul 14, 2021
Sold by
Allen Daniel J and Allen Catherine M
Bought by
Perrin James Dennis and Banu Lisa Sayera
Seller's Agent
Crystal McDaniel
Palm Realty, Inc.
Buyer's Agent
Sally Seller
Non Member Office
List Price
$550,000
Sold Price
$527,000
Premium/Discount to List
-$23,000
-4.18%
Current Estimated Value
$927,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,768
Avg. Annual Appreciation
13.52%
Original Mortgage
$453,600
Outstanding Balance
$414,459
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$513,309

Purchase Details

Closed on
Nov 5, 2020
Sold by
Allen Daniel J and Allen Catherine M
Bought by
Allen Daniel J and Allen Catherine M

Purchase Details

Listed on
Aug 31, 2017
Closed on
Jun 26, 2018
Sold by
Ledden Mark and Anderson Susan
Bought by
Allen Daniel J and Allen Catherine M
Seller's Agent
Hank Troscianiec & Associates
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Burt Elmore
Coldwell Banker Sea Coast Advantage
List Price
$297,000
Sold Price
$281,130
Premium/Discount to List
-$15,870
-5.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.23%
Original Mortgage
$271,746
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2005
Sold by
Epc Nc 25 Llc
Bought by
Ledden Mark and Anderson Susan

Purchase Details

Closed on
Jan 31, 2005
Sold by
Oneill Robert R
Bought by
Epc Nc 25 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Perrin James Dennis $527,000 None Available
Allen Daniel J -- None Available
Allen Daniel J $281,500 None Available
Ledden Mark -- None Available
Epc Nc 25 Llc $389,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perrin James Dennis $453,600
Previous Owner Allen Daniel J $271,746
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2021 09/14/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $550,000 +4.4% $688 / Sq Ft
07/30/2021 07/30/21 Sold $527,000 +87.5% $660 / Sq Ft
07/13/2018 07/13/18 Sold $281,130 -5.3% $338 / Sq Ft View Prior Sale
05/09/2018 05/09/18 Pending -- -- --
08/31/2017 08/31/17 For Sale $297,000 -- $357 / 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 $1,458 $355,400 $225,000 $130,400
2024 $15 $355,400 $225,000 $130,400
2023 $1,828 $355,400 $225,000 $130,400
2022 $1,828 $326,930 $245,000 $81,930
2021 $1,815 $326,930 $245,000 $81,930
2020 $1,800 $326,930 $245,000 $81,930
2019 $1,779 $245,000 $245,000 $0
2018 $1,452 $262,520 $225,000 $37,520
2017 $1,451 $225,000 $225,000 $0
2016 $1,438 $225,000 $225,000 $0
2015 $1,428 $262,520 $225,000 $37,520
2014 $1,414 $280,970 $250,000 $30,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100290511

Hive MLS

APN: 249DE002