See Home Value
Oak Island 28465
118 NE 16th Street
$555,830*
House - Off Market

118 NE 16th Street

Oak Island, NC 28465
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1245 Sqft
$499,000 - $609,000
Reference Base Price*
0.17%
Since Jul 1, 2023
National-US
Primary Model
Sold Jun 15, 2023
$520,000
Sold Aug 01, 2022
$550,000

About This Property

Looking for a piling home with additional living space that can be used as an efficiency apartment, recreational room, etc.?  This is the one!  This home, not located in a flood zone, has a lower level that consists of approximately 516 square feet that offers room for a bedroom, living room and has a full bathroom. There are so many options with this additional space that is climate controlled with 2 mini-splits.   This move-in ready, furnished, 3 bedroom, 2 full bath open concept plan on the main level will accommodate family and friends with ease.  The well laid out kitchen boasts ample cabinet space, stainless appliances and a conveniently located washer/dryer area.  Plantation style shutters adorn the interior windows providing a coastal vibe.  Sip coffee and greet neighbors from the expansive front porch that extends the entire front of the home.  Enjoy quiet evenings on the back deck that is Trex-style with vinyl railings that can be accessed from the primary en-suite.  The fully fenced backyard will offer the fur babies a safe place to play.  Store your golf cart and beach toys in the large shed in the backyard.  Enjoy fishing from the pier at Veteran's Park on the ICW one street over and use the scenic canal crossover on SE 20th for a short walk to the beach.   Wash off the sand when returning from a day on the beach in the hot/cold outdoor shower.   Enjoy all the amenities that the Town of Oak Island offers such as concerts in the park, Splash pad, fishing piers, pickleball, basketball, dog park, etc.  and pay no HOAs.  Come and check out all that this wonderful home has to offer today!  Rental projection from a local property management company at $54,100 for top level.  Rent the lower level together or separately for additional income.

The manager has listed the unit size as 1245 square feet.
Unit Size
1,245Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$446
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
2011

Price History

Date / Event Date Event Price
Jun 17, 2023 No longer available -
No longer available
Jun 15, 2023 Sold to Elizabeth Reavis, Jerel Reavis $520,000
Sold to Elizabeth Reavis, Jerel Reavis
Jun 14, 2023 In contract -
In contract
Jun 4, 2023 No longer available -
No longer available
Apr 6, 2023 Price Decreased $554,900
↓ $10K (1.8%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2015
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,821
  • Gross Building Area: 2,553
  • Building Area: 1,821
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,821
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRANQUIL HARBOUR
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L-61 B-164 S-11 TRANQUIL HARBOUR PLAT 5/128

Ownership

  • Current Owner : REAVIS ELIZABETH
  • Current Owner 2: REAVIS JEREL
  • Previous Owner : PROPERTIES OF EDEN LLC
  • Owner Before Previous Owner: LAND THOMAS E
  • Owner Before Previous Owner 2: LAND KATHY D
  • 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: 020313

Zoning

  • Zoning: OKR6A

Geography

  • Assessors Map Reference: MAP 235JA
  • Account Number: 80130336
  • Section: 11
  • Parcel: 235JA03701
  • Block: 164
  • Lot: 61
  • Municipality: OAK ISLAND
  • Latitude: 33.9212
  • Longitude: -78.1443

    Address

  • Full Address: 118 Ne 16th St
  • Address - House Number: 118
  • Street Direction: NE
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: NC
  • City Name: Oak Island
  • Carrier Code: H007
  • 4-Digit Zip Code: 6421
  • Zip Code: 28465

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,801

    Appraisal Valuation

  • Standard Deviation: 0.2208
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 69
  • Final Value: 678,037
  • High Value: 827,790
  • Low Value: 528,285

    Market Valuation

  • Market Total Value: $569,120
  • Market Land Value: $147,000
  • Market Improvement Value: $422,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $569,120
  • Assessed Land Value: $147,000
  • Assessed Improvements Value: $422,120

    Sales

  • Current Sale Contract Date: Jun 05, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Transaction ID: 11908076870
  • Current Sale Price: $520,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 01, 2022
  • Previous Sale Contract Date: Aug 01, 2022
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,300 ft²
$484/ft²
$629,000 May 2, 2023
-
$148/mo
House
3 Beds
2 Baths
1,417 ft²
$345/ft²
$489,000 May 5, 2023
-
$208/mo
House
3 Beds
2 Baths
1,517 ft²
$329/ft²
$499,000 Apr 23, 2023
-
$122/mo
House
3 Beds
2 Baths
1,575 ft²
$381/ft²
$599,900 May 16, 2023
-
-
House
3 Beds
2.5 Baths
1,670 ft²
$320/ft²
$534,900 Apr 26, 2023
-
$125/mo
House
3 Beds
2 Baths
1,709 ft²
$331/ft²
$565,000 May 2, 2023
-
$176/mo
House
3 Beds
2.5 Baths
1,873 ft²
$320/ft²
$599,000 Mar 5, 2023
-
-
House
3 Beds
2.5 Baths
1,959 ft²
$267/ft²
$524,000 Feb 6, 2023
-
$129/mo
House
4 Beds
2.5 Baths
1,526 ft²
$402/ft²
$612,900 Jun 11, 2023
-
$31/mo
House
2 Beds
1 Bath
435 ft²
$1,126/ft²
$490,000 Mar 22, 2023
-
$109/mo

About Oak Island


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Frequently Asked Questions

When was property at 118 Northeast 16th Street built and last sold?
The property at 118 Northeast 16th Street was built in 2011 and last sold on Jun 5, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 118 Northeast 16th Street is $559,161.
What are some comparable homes to 118 Northeast 16th Street?
Homes that are comparable to 118 Northeast 16th Street include a house property at 104 Southeast 13th Street, 1405 East Oak Island Drive, 129 South Middleton Avenue.

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