See Home Value
Oak Island 28465
501 W Oak Island Drive
$505,795*
House - Off Market

501 W Oak Island Drive

Oak Island, NC 28465
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1601 Sqft
$450,000 - $548,000
Reference Base Price*
1.16%
Since Jul 1, 2022
National-US
Primary Model
Sold Jul 20, 2022
$500,000
$200,000 by Truist Bank
Mortgage Due Aug 01, 2052
Sold Nov 24, 2009
$180,000
$144,000 by Primelending
Mortgage Due Dec 01, 2039

About This Property

Island Estate.  Beautiful home on 2 lots, fantastic landscaping and beautiful oaks includes a guest cottage  with 225 sq. ft. of heated space with a kitchenette and bathroom, a private gazebo for a relaxing atmosphere and sidewalks that flow throughout the property. The home offers 3 Bd/2.5 Ba, high ceilings, lovely kitchen/dining areas and living room with a fireplace plus a 675 sq. ft. heated, double garage, and 2 driveways. Skylights throughout the home including the sun room. Why settle for less.

The manager has listed the unit size as 1601 square feet.
Unit Size
1,601Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$312
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988

Price History

Date / Event Date Event Price
Jul 20, 2022 Sold to Kristin Pepe, Mark Pepe $500,000
Sold to Kristin Pepe, Mark Pepe
Jun 16, 2022 No longer available -
No longer available
Jun 8, 2022 Price Decreased $499,999
↓ $50K (9.1%)
Price Decreased
May 24, 2022 Listed $550,000
Listed
Nov 4, 2021 No longer available -
No longer available
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1993
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Wood shingle
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,761
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,376
  • Gross Building Area: 1,986
  • Building Area: 1,376
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,376
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SECTION 15 OF TRANQUIL HARBOUR
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L-3&4 B-211 S-15 TRANQUIL HARBOR PL 6/67

Ownership

  • Current Owner : PEPE MARK
  • Current Owner 2: PEPE KRISTIN
  • Previous Owner : JOSEPH THRALL MICHAEL
  • Previous Owner 2: JOSEPH JEAN PHYLLIS
  • Owner Before Previous Owner: LOWE DIANA SUE
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Brunswick County Schools
  • School Tax School District: OAK ISLAND
  • Census Tract: 020308

Zoning

  • Zoning: OKR6B

Geography

  • Assessors Map Reference: MAP 234LH
  • Account Number: 80130107
  • Section: 15
  • Parcel: 234LH014
  • Block: 211
  • Lot: 3&4
  • Municipality: OAK ISLAND
  • Latitude: 33.9205
  • Longitude: -78.1663

    Address

  • Full Address: 501 W Oak Island Dr
  • Address - House Number: 501
  • Street Direction: W
  • Address - Street Name: Oak Island
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Oak Island
  • Carrier Code: H025
  • 4-Digit Zip Code: 7136
  • Zip Code: 28465

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,415

    Appraisal Valuation

  • Standard Deviation: 0.106
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 89
  • Final Value: 513,690
  • High Value: 568,151
  • Low Value: 459,229

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Jul 20, 2022
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $436,300
  • Market Land Value: $210,000
  • Market Improvement Value: $226,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $436,300
  • Assessed Land Value: $210,000
  • Assessed Improvements Value: $226,300

    Sales

  • Current Sale Contract Date: Jul 20, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Transaction ID: 11892422553
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Nov 24, 2009
  • Previous Sale Contract Date: Nov 24, 2009
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Jul 20, 2022
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PRIMELENDING
  • Previous Mortgage Transaction Date: Nov 24, 2009
  • Previous Mortgage Loan Amount: $144,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2039



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,639 ft²
$348/ft²
$569,900 Oct 4, 2021
-
-
House
3 Beds
2 Baths
1,504 ft²
$349/ft²
$525,000 Feb 1, 2023
-
-
House
3 Beds
2 Baths
1,575 ft²
$381/ft²
$599,900 May 16, 2023
-
-
House
3 Beds
2.5 Baths
1,863 ft²
$322/ft²
$599,900 Jul 15, 2023
-
$296/mo
House
3 Beds
2 Baths
1,050 ft²
$405/ft²
$425,000 May 22, 2023
-
-

About Oak Island


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Frequently Asked Questions

When was property at 501 West Oak Island Drive built and last sold?
The property at 501 West Oak Island Drive was built in 1988 and last sold on Jul 20, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 501 West Oak Island Drive is $514,607.
What are some comparable homes to 501 West Oak Island Drive?
There are currently no comparable homes to 501 West Oak Island Drive.

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