See Home Value
Oak Island 28465
502 W Yacht Drive
$727,938*
House - Off Market

502 W Yacht Drive

Oak Island, NC 28465
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2640 Sqft
$473,000 - $577,000
Reference Base Price*
38.65%
Since Aug 1, 2020
National-US
Primary Model
Sold Sep 01, 2020
$5,000
$450,000 by Townebank Mortgage
Mortgage Due Oct 01, 2050
Sold Dec 29, 2016
$335,000
$200,000 by Santander Bank Na
Mortgage Due Jan 01, 2032

About This Property

This home is situated on a beautiful deep corner lot on the Intercoastal Waterway with a brand new covered concrete dock. Enjoy fishing and watching the dolphins swimming and having amazing parties on this dock. This 3 level home is being sold as is.  There are many features that make this property an incredible investment opportunity  or great vacation home at this affordable price in this amazing location. Past the 2 car garage you enter the home on the main level to beautiful tile flooring which takes you to the first of 2 living spaces featuring a brick fireplace, vaulted ceilings, recessed lighting, casual dining area and full kitchen with wet bar and center island.

The manager has listed the unit size as 2640 square feet.
Unit Size
2,640Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$199
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973

Price History

Date / Event Date Event Price
Sep 1, 2020 Sold to Rudolph Ashley Simons, Rudo... $5,000
Sold to Rudolph Ashley Simons, Rudo...
Jul 27, 2020 No longer available -
No longer available
Jul 7, 2020 Price Decreased $525,000
↓ $25K (4.6%)
Price Decreased
Jun 19, 2020 Listed $550,000
Listed
Dec 29, 2016 Sold to Kathleen M Vigil, Peter J V... $335,000
Sold to Kathleen M Vigil, Peter J V...

Property Highlights

Fireplace
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1984
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Exterior Walls Type: Wood shingle
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,950
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,777
  • Gross Building Area: 4,247
  • Building Area: 2,777
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,777
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRANQUIL HARBOR
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L-1 B-209 S-15 TH PLAT 6/67

Ownership

  • Current Owner : SIMONS RUDOLPH JOSEPH M
  • Current Owner 2: SIMONS RUDOLPH ASHLEY
  • Previous Owner : VIGIL PETER J
  • Previous Owner 2: VIGIL KATHLEEN M
  • Owner Before Previous Owner: HOLLINGSWORTH THOMAS W
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: OKR6A

Geography

  • Assessors Map Reference: MAP 234EA
  • Account Number: 80099170
  • Section: 15
  • Parcel: 234EA009
  • Block: 209
  • Lot: 1
  • Municipality: OAK ISLAND
  • Latitude: 33.9274
  • Longitude: -78.1646

    Address

  • Full Address: 502 W Yacht Dr
  • Address - House Number: 502
  • Street Direction: W
  • Address - Street Name: Yacht
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Oak Island
  • Carrier Code: H025
  • 4-Digit Zip Code: 7047
  • Zip Code: 28465

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,125

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 68
  • Final Value: 800,413
  • High Value: 980,806
  • Low Value: 620,021

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $450,000
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 01, 2020
  • First Open Lien Mortgage Loan Amount: $450,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $720,050
  • Market Land Value: $350,000
  • Market Improvement Value: $370,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $720,050
  • Assessed Land Value: $350,000
  • Assessed Improvements Value: $370,050

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Transaction ID: 11787608548
  • Current Sale Price: $5,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 29, 2016
  • Previous Sale Contract Date: Dec 15, 2016
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK MORTGAGE
  • First Mortgage Transaction Date: Sep 01, 2020
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: SANTANDER BANK NA
  • Previous Mortgage Transaction Date: Dec 29, 2016
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2032



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1.5 Baths
1,645 ft²
$350/ft²
$575,000 Nov 30, 2022
-
-
House
3 Beds
2.5 Baths
1,670 ft²
$326/ft²
$543,900 Jan 20, 2023
-
-
House
3 Beds
2 Baths
1,639 ft²
$348/ft²
$569,900 Oct 4, 2021
-
-
House
3 Beds
2 Baths
1,478 ft²
$335/ft²
$495,000 Dec 9, 2022
-
-
House
3 Beds
2 Baths
1,330 ft²
$387/ft²
$515,000 Feb 2, 2023
-
-
House
3 Beds
2 Baths
1,290 ft²
$371/ft²
$479,000 Feb 22, 2023
-
-
House
3 Beds
2 Baths
1,300 ft²
$381/ft²
$495,000 Feb 2, 2023
-
-
House
2 Beds
2 Baths
1,642 ft²
$350/ft²
$575,000 Jan 4, 2023
-
-
Multifamily
Stu
-
2,160 ft²
$273/ft²
$589,000 Sep 13, 2022
-
-

About Oak Island


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Nearby Rentals



Frequently Asked Questions

When was property at 502 West Yacht Drive built and last sold?
The property at 502 West Yacht Drive was built in 1973 and last sold on Aug 28, 2020 for $5,000.
How much is this home worth?
The estimated value of the home located at 502 West Yacht Drive is $523,348.
What are some comparable homes to 502 West Yacht Drive?
There are currently no comparable homes to 502 West Yacht Drive.

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