1516 Lake Shore Dr
Wilmington, NC 28401
3 bd 2 ba 1,446 sqft Built 1948 Lot 9,583 sqft single_family
Most recent sale
$325,000
Jul 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 25, 2022 | Sold | $325,000 | MLS #100335974 |
| Jun 28, 2022 | Listed | $315,000 | MLS #100335974 |
| Jun 4, 2020 | Sold | $227,000 | MLS #100214250 |
| Apr 30, 2020 | Listed | $225,000 | MLS #100214250 |
| Jun 28, 2018 | Sold | $175,500 | MLS #100117970 |
| May 25, 2018 | Listed | $176,900 | MLS #100117970 |
| Jan 9, 2018 | Listing removed | $176,900 | NCRCapeFear |
| Oct 13, 2017 | Price changed | $176,900 | MLS #100077027 |
| Aug 11, 2017 | Listed | $187,500 | MLS #100077027 |
| Nov 5, 2014 | Sold | $100,000 | Public Record |
| Sep 25, 2013 | Sold | $50,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $312,300 | $78,200 | $390,500 | $1,575 |
| 2024 | $312,300 | $78,200 | $390,500 | $2,098 |
| 2022 | $175,800 | $67,800 | $243,600 | $2,070 |
| 2021 | $175,800 | $67,800 | $243,600 | $2,084 |
| 2020 | $87,500 | $56,300 | $143,800 | $1,515 |
| 2019 | $87,500 | $56,300 | $143,800 | $1,515 |
| 2018 | $87,500 | $56,300 | $143,800 | $1,515 |
| 2017 | $87,500 | $56,300 | $143,800 | $1,515 |
| 2016 | $92,500 | $56,300 | $148,800 | $1,649 |
| 2015 | $92,500 | $56,300 | $148,800 | $1,576 |
| 2014 | $92,500 | $56,300 | $148,800 | $1,509 |
| 2013 | $92,500 | $56,300 | $148,800 | $1,494 |
| 2012 | $92,500 | $56,300 | $148,800 | $747 |
| 2011 | $53,990 | — | $53,990 | $644 |
| 2010 | $111,204 | $43,050 | $154,254 | $579 |
| 2008 | $111,204 | $43,050 | $154,254 | $1,211 |
| 2007 | $111,204 | $43,050 | $154,254 | $1,110 |
Property facts
Year built
1948
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,446 sqft
Lot size
9,583 sqft
ZIP code
28401
City
Wilmington
Street
Lake Shore Dr
Coordinates
34.21572, -77.94129
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,952
Gross rental yield
7.21%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1516 Lake Shore Dr last sell?
1516 Lake Shore Dr most recently sold on Jul 25, 2022 for $325,000.
What is the current tax assessment for 1516 Lake Shore Dr?
The most recent total assessment for 1516 Lake Shore Dr (year 2025) is $390,500 with $1,575 in property tax.
How does 1516 Lake Shore Dr's assessment compare to its last sale price?
The current assessment is 20.2% above the last sale price of $325,000.
When was 1516 Lake Shore Dr built?
1516 Lake Shore Dr was built in 1948.
How does 1516 Lake Shore Dr compare to others on Lake Shore Dr?
We track 8 other properties on Lake Shore Dr. Browse the list under "Other properties on Lake Shore Dr" to compare beds, baths, and sale history.
What are the property facts for 1516 Lake Shore Dr?
1516 Lake Shore Dr is a 3 bed, 2 bath, 1,446 sqft, 9,583 sqft lot single_family.
Is 1516 Lake Shore Dr a flip candidate?
Yes — 1516 Lake Shore Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1516 Lake Shore Dr a tax-appeal candidate?
Yes — 1516 Lake Shore Dr appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.3%
Implied 1-yr
+1.3%
2026 Q3
$414.1K
2026 Q4
$415.4K
ZIP 28401 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Shore Dr