tomo logo

$1,349,000

Beds
4
Baths
3.0
sq ft
1,619

2518 W Pelican Dr, Oak Island, NC 28465

2518 W Pelican Dr

Oak Island, NC 28465

  • 68 days on market
    • Price drop $46,000↓
It's all about location & this home is in a premium location with the best of both worlds-WATERFRONT with dock and convenient to Oak Island's pet friendly sandy beaches. Flood Insurance is only $744. Yr While this home has excellent rental potential, it is not on rental program & only enjoyed by the owners who lovingly cared for this home and added many recent improvements from when they purchased from original owners that custom built the home. You may chose to take advantage of rental possibilities or keep it all to yourself; the choice is YOURS! Start enjoying life at beach even sooner because you do not even have to move furniture, it's included! This is a rare opportunity on Oak Island to have a dock AND convenient beach access. Are you ready for BEACH life? The town offers numerous amenities such as golf, tennis, basketball, picnic area, boat launches & public docks & water accesses yet NO hoa fees

Details

Property type

Single Family Residence

Est. home value

$918,642

Lot size

0.32 acres

Price per sq ft

$834

Year built

2003

Price History

09/14/2024
NorthCarolinaRegional

NorthCarolinaRegional #100455656

Price change
$1,349,000
-3.3%
07/14/2024
NorthCarolinaRegional

NorthCarolinaRegional #100455656

Listed
$1,395,000
06/10/2024
NorthCarolinaRegional

NorthCarolinaRegional #20695318

Removed

Schools & Community

Elementary school: 

Southport

Middle school: 

South Brunswick

High school: 

South Brunswick

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$843,620
Asking price
$1,349,000
Closing costs (~8% of asking)
-$107,920
Est. remaining loan balance
-$397,460
Cash to seller
$843,620

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Townebank Mortgage

Loan start date

August 2020

Original loan amount

$436,000

Est. remaining balance

$397,460

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Richard L Almond and Mitzie A Almond

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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2803 W Yacht Dr, Oak Island, NC 28465

Status: Active

Tomo last checked: 09/19/2024 at 10:40 PM

Listing updated: 09/13/2024 at 10:37 PM

Listed by: Kim S Anderson, Art Skipper Realty Inc. Phone #: (910) 278-6730

MLS: NorthCarolinaRegional #100455656

NorthCarolinaRegional logo

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