NOT LISTED FOR SALE

6937 Kings Lynn Dr Oak Island, NC 28465

Estimated Value: $1,546,000 - $1,837,192

0.46 Acre
$3,769,704 Price per Acre
20,038 Sq Ft Lot

Last Sold June 01, 2016

Last sale price $365,000

Est. 375% increase in value since last sale

Current estimated payment $9,552/month

208 Days on Market

Highlights

  • 50 Feet of Waterfront
  • 0.46 Acre Lot
  • No HOA
  • Southport Elementary School Rated 9+
  • Wooded Lot
  • Lot Has A Rolling Slope

About This Lot

As of June 2016

Here is your chance to own one of the most sought after lots on Oak Island. This secluded oceanfront lot is located on the west end of Oak Island with views of the Atlantic Ocean, Intracoastal water way, Lockwood Folly Inlet and canal. Imagine building your dream house and watching the boats go by and having easy access to the ocean. New Bridge is located only 3.8 miles from Middleton leading to Hwy 211 with easy access to Hwy 17 north to Wilmington or South to Myrtle Beach. Take a look at this lot today. This is a once in a life time opportunity.

Last Agent to Sell the Property

Hank Troscianiec & Associates

Keller Williams Innovate-OKI Listed on: 09/14/2015

Keller Williams Innovate-OKI

Last Buyer's Agent

John Hamilton

Better Beach Sales & Rentals, Inc. License #225370

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,959

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 50x400
  • 50 Feet of Waterfront
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned OK-R-7

Property Views

  • Water Views

Schools

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

Community Details

  • No Home Owners Association
  • Kings Lynn Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 233ob00101

Property Details

Property Type

Land

Est. Annual Taxes

$1,959

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: Yes
  • Waterview: Yes
  • Water Frontage: 50.00

Utilities

  • Fuel Tank: None

Association/Amenities

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

Lot Info

  • Deed Book: 2631
  • Deed Page: 567.00
  • Lot Dimensions: 50X400
  • Lot Number: 1
  • Lot Sq Ft: 20000.00
  • Zoning: OK-R-7
  • Acres: 0.46
  • Deed Restriction: No
  • Environmental Hazard: No
  • Flood Zone: No
  • List Price per Acre: 793478.26
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Rolling, Wooded
  • Lot Number2: 1

Tax Info

  • Tax Identifier: 233ob00101
  • Tax Year: 2015
  • Total City Real Estate Property Tax: 1959.00
  • Total Real Estate Property Taxes: 1959.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2021
Sold by
Reeves Beach Company Llc
Bought by
Reeves Barry G and Reeves Jennifer M
Current Estimated Value
$1,734,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Outstanding Balance
$446,492
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$1,287,572

Purchase Details

Closed on
Sep 3, 2019
Sold by
Reeves Barry G and Reeves Jennifer M
Bought by
Reeves Beach Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,700
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 14, 2015
Closed on
May 18, 2016
Sold by
Sea Turtle Beach Properties Llc
Bought by
Reeves Barry G and Reeves Jennifer M
Seller's Agent
Hank Troscianiec & Associates
Keller Williams Innovate-OKI
Buyer's Agent
John Hamilton
Better Beach Sales & Rentals, Inc.
List Price
$425,000
Sold Price
$365,000
Premium/Discount to List
-$60,000
-14.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.01%
Original Mortgage
$574,000
Interest Rate
3.61%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2011
Bought by
Sea Turtle Beach Properties Llc

Purchase Details

Closed on
Jan 17, 2009
Sold by
Larson Margery and Larson Alvar E
Bought by
Crescent Bank

Purchase Details

Closed on
Aug 1, 2007
Sold by
Larson Alvar E and Larson Margery
Bought by
Nc Land Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2007
Sold by
Fantasy By The Sea Llc
Bought by
Larson Alvar E and Larson Margery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.35%
Mortgage Type
Purchase Money 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 Buyer Sale Price Title Company
Reeves Barry G -- None Available
Reeves Beach Company Llc -- None Available
Reeves Barry G $365,000 None Available
Sea Turtle Beach Properties Llc $275,000 --
Crescent Bank $675,000 None Available
Nc Land Group Inc -- None Available
Larson Alvar E $930,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeves Barry G $548,250
Closed Reeves Beach Company Llc $556,700
Closed Reeves Barry G $574,000
Previous Owner Larson Alvar E $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2016 06/01/16 Sold $365,000 -14.1% --
04/09/2016 04/09/16 Pending -- -- --
09/14/2015 09/14/15 For Sale $425,000 -- --
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 $5,708 $1,355,470 $650,000 $705,470
2024 $5,708 $1,355,470 $650,000 $705,470
2023 $4,667 $1,355,470 $650,000 $705,470
2022 $4,667 $800,340 $375,000 $425,340
2021 $4,607 $800,340 $375,000 $425,340
2020 $4,557 $800,340 $375,000 $425,340
2019 $4,557 $401,070 $375,000 $26,070
2018 $4,437 $398,990 $371,250 $27,740
2017 $3,247 $371,250 $371,250 $0
2016 $1,959 $371,250 $371,250 $0
2015 $1,959 $371,250 $371,250 $0
2014 $1,970 $406,250 $406,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Hank Troscianiec & Associates

    Seller's Agent in 2016

    Hank Troscianiec & Associates

    Keller Williams Innovate-OKI

    (910) 250-9338

    350 in this area

    1,015 Total Sales

    Hank Troscianiec & Associates
    Section Image
  • John Hamilton

    Buyer's Agent in 2016

    John Hamilton

    Better Beach Sales & Rentals, Inc.

    (910) 278-1147

    200 in this area

    227 Total Sales

    John Hamilton
    Section Image
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Map

Source: Hive MLS

MLS Number: 20696382

Hive MLS

APN: 233OB00101

North Carolina Brunswick County Oak Island 28465

6937 Kings Lynn Dr, Oak Island, NC

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