NOT LISTED FOR SALE

5511 E Pelican Dr Oak Island, NC 28465

Estimated Value: $935,130 - $1,086,000

5 Beds
2 Baths
2,196 Sq Ft
$448/Sq Ft Est. Value

Last Sold October 19, 2022

Last sale price $795,000 $362 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,151/month

61 Days on Market

Highlights

  • Waterfront Community
  • Ocean View
  • Fitness Center
  • Southport Elementary School Rated 9+
  • Golf Course Community
  • Main Floor Primary Bedroom

About This Home

As of October 2022

Multiple offer situation, please give highest and best by 6PM tomorrow Sunday 9/11/2022. The unobstructed views and sounds of the ocean from the porch of this lovely, mostly furnished home are just breath taking. Come and tour this Pelican Drive property. The seller will consider a Right of First Refusal on their lot between the house and Beach Drive, which would preserve the unobstructed ocean view, with an acceptable offer at closing. This property is a four bedroom, two baths home and can be reverted to a five bedroom home if needed. The current owners utilize the fifth bedroom as their hobby and utility room. The main entrance is from the ocean side and leads to the spacious living area, which is comprised of the kitchen, dining area and well sized living room. Eating dinner with the view of the Atlantic Ocean is one of the best things life can offer. The nicely appointed kitchen with center island, which incorporates afarm sink provides lots of beautiful cabinetry and a very spacious pantry. There are two bedrooms with a full bathroom on the main floor with the additional bedrooms and a bathroom upstairs. Two of those rooms share the balcony overlooking the beach area. On the ground floor, an outdoor shower with hot & cold water will soothe the beach lover. The storage /workshop will easily hold an abundance of beach toys and garden tools or can be easily re-purposed. The roof and all the landscaping were recently redone and compliments this newly painted beach cottage. A grocery store, restaurants, the ice cream parlor and Middleton Park with splash pad, tennis courts and the cabana are just a short walk away. See feature sheet for more information. View listing100348370 for information on the house along with the second row parcel.

Last Agent to Sell the Property

Elvira Ruebel-gilbert

Margaret Rudd Assoc/Sp License #231672 Listed on: 07/13/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,341

Year Built

  • Built in 1985

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Sprinkler System
  • Property is zoned R7

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,196 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Combination Dining and Living Room
  • Workshop
  • Ocean Views

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Covered Patio or Porch

Utilities

  • Humidifier
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 17
  • Assessor Parcel Number 250ae010

Community Details

Overview

  • No Home Owners Association
  • E. Long Beach Subdivision

Amenities

  • Picnic Area
  • Restaurant

Recreation

  • Waterfront Community
  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground
  • Fitness Center

Security

  • Security Lighting

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,341

Year Built

Built in 1985

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: 1985
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: None
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: Carpet, Vinyl
  • Heated Sq Ft: 2000 - 2199
  • Interior Amenities: Blinds/Shades, Smoke Detectors, Workshop, Sprinkler System, Solid Surface, Furnished, Pantry, Kitchen Island, Ceiling Fan(s)
  • Laundry Location: Room
  • List Price per Sq Ft: 362.02
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 5
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Living Room Level: First
  • Primary Bedroom Level: Second
  • Sq Ft Heated: 2196.00
  • Total Heated Primary Separate Sq Ft: 2196.00

Exterior Features

  • Exterior Features: DP50 Windows, Irrigation System, Security Lighting, Outdoor Shower
  • Exterior Finish: Vinyl Siding
  • Exterior Structures: Shower
  • Fencing: None
  • Foundation: Pilings
  • Porch Balcony Deck: Balcony, Porch, Covered
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Appliances Equipment: Dishwasher, Refrigerator, Washer, Microwave - Built-In, Humidifier/Dehumidifier, Dryer
  • Cooling System: Heat Pump
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Basketball Court, Pickleball, Termite Bond, Tennis Court(s), Restaurant, Playground, Picnic Area, Fitness Center, Golf Course

Lot Info

  • Deed Page: 1029.00
  • Lot Acres: 0.17
  • Lot Dimensions: 50X150
  • Lot Number: 17
  • Lot Sq Ft: 7492.00
  • Lot Water Features: Waterfront Comm
  • Special Assessments: see city for sand assessment
  • Zoning: R7
  • Lot View Type: Ocean View

Tax Info

  • Tax Identifier: 250ae010
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 2341.20

MLS Schools

  • School District: Brunswick County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Oct 4, 2022
Sold by
Stanley C Shelton Trust
Bought by
Mary G Shelton Trust
Seller's Agent
Elvira Ruebel-gilbert
Margaret Rudd Assoc/Sp
Buyer's Agent
Danielle Gillespie
Carolina One Properties Inc.
List Price
$859,500
Sold Price
$795,000
Premium/Discount to List
-$64,500
-7.5%
Views
25
Current Estimated Value
$938,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,791
Avg. Annual Appreciation
6.93%
Original Mortgage
$596,250
Outstanding Balance
$573,688
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$409,345

Purchase Details

Closed on
May 17, 2021
Sold by
Shelton Stanley C and Shelton Mary G
Bought by
Shelton Stanley C and The Stanley C Shelton Trust

Purchase Details

Closed on
Jan 6, 2021
Sold by
Shelton Stanley C and Shelton Mary G
Bought by
Shelton Stanley C and Shelton Mary G

Purchase Details

Closed on
Apr 24, 2012
Sold by
Shelton Stanley C and Shelton Mary G
Bought by
Shelton Stanley C

Purchase Details

Closed on
Dec 24, 2011
Sold by
Shelton Stanley C
Bought by
Shelton Stanley C and Shelton Mary G

Purchase Details

Closed on
Mar 29, 2010
Sold by
Shelton Stanley C and Shelton Mary G
Bought by
Shelton Stanley C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mary G Shelton Trust $795,000 --
Shelton Stanley C -- None Available
Stanley C Shelton Trust -- None Listed On Document
Shelton Stanley C -- None Available
Shelton Stanley C -- None Available
Shelton Stanley C -- None Available
Shelton Stanley C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mary G Shelton Trust $596,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2022 10/19/22 Sold $795,000 0.0% $362 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $795,000 -4.8% $362 / Sq Ft
08/08/2022 08/08/22 Price Changed $835,000 -2.9% $380 / Sq Ft
07/13/2022 07/13/22 For Sale $859,500 -- $391 / 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 $2,947 $666,800 $335,000 $331,800
2024 $2,947 $666,800 $335,000 $331,800
2023 $2,401 $666,800 $335,000 $331,800
2022 $2,401 $388,800 $125,000 $263,800
2021 $2,341 $388,800 $125,000 $263,800
2020 $2,291 $388,800 $125,000 $263,800
2019 $2,291 $125,000 $125,000 $0
2018 $1,602 $257,580 $80,000 $177,580
2017 $1,602 $80,000 $80,000 $0
2016 $1,537 $80,000 $80,000 $0
2015 $1,537 $254,610 $80,000 $174,610
2014 $1,540 $277,650 $145,000 $132,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100338662

Hive MLS

APN: 250AE010