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Sold for $712,000
  • $712,000

    1607 Shepard Street, Morehead City, NC 28557

    3beds
    1,024sqft
    Single Family Residence
    Built in 1940
    6,098 Square Feet Lot
    $735,000 Zestimate®
    $695/sqft
    $1,675 Estimated rent

    Home value

    $735,000

    $662,000 - $816,000

    $1,675/mo

    Zestimate® history
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    $1,675/mo

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    $4,081/mo

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    $4,081/mo

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    What's special

    You know what they say, buy the worst-looking home in the most desirable community and you will be happy you did! So, kiss this FROG and it will turn into a handsome Prince. Well, not exactly, but if you watch enough HGTV, have that special Decorator touch and some vision you can turn this neglected 3 bedroom, 1 bath home into one of the best homes in the most desirable ''Promise Land'' neighborhood. This coastal cottage is loaded with potentials but make no mistake, there is work to be done. The house was built in 1940, has an original fireplace and hardwood flooring throughout which explains its incredible character and Southern charm. With this property, the choices are innumerable being located on the third lot from the sound and within walking distance to all. From this address, you can simply enjoy all the fun of Downtown Morehead City Waterfront, enjoy the water accesses and admire the water views from each numbered street, or launch your boat at the boat ramp right down the road. This property affords quick access to many events/festivals such as NC Seafood Festival, Big Rock Blue Marlin Tournament, Saint Egberts church/private school, Shevans Park, restaurants, marinas, a fishing pier, recreational facilities, boutique shops/retail stores and more! This home would make a superb vacation rental/Air B&B producing you a passive income, a vacation/second home, a full-time primary residence, or retirement home. See its potential and the possibilities. You could also demolish the home, build a new one and have an amazing water view from the second story. Call us today for more information and your private showing.

    Zillow last checked:

    Listing updated:

    Listed by:

    Margaret Hitchcock 252-269-2893,

    Hitchcock Realty & Associates, LLC,

    Sylvia (Sylwia) M Rola 252-622-2294,

    Hitchcock Realty & Associates, LLC

    Bought with:

    B & B Coastal Properties Team, 308154

    Keller Williams Crystal Coast

    Source: Hive MLS,MLS#: 100383786MLS LogoOriginating MLS: Carteret County Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: Primary Living Area
    Dining room
    • Features: Combination
    Heating
    • Heat Pump, Electric
    Cooling
    • Heat Pump
    Appliances
    • Included: Electric Oven, Refrigerator
    Features
    • Master Downstairs
    • Flooring: Wood
    • Attic: Pull Down Stairs
    Interior area
    • Total structure area: 1,024
    • Total interior livable area: 1,024 sqft

    Property

    Parking
    • Parking features: On Street
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Patio, Porch
    • Fencing: None
    • Waterfront features: Sound Side, Third Row, Water Access Comm
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 50 x 120 x 50 x 120
    • Features: Open Lot, Sound Side, Third Row, Water Access Comm
    Details
    • Parcel number: 638618304879000
    • Zoning: R
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Crawl Space
    • Roof: Architectural Shingle
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: Morehead City
    HOA
    • Has HOA: No
    • Amenities included: Waterfront Community, Beach Access, Park, Picnic Area, Playground, Sidewalks, Tennis Court(s)
    Location
    • Region: Morehead City

    Financial & listing details

    • Price per square foot: $695/sqft
    • Tax assessed value: $307,879
    • Annual tax amount: $2,200
    • Date on market: 10/9/2025
    • Cumulative days on market: 8 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Commercial,Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    2/28/2025Sold$712,000-1.8%$695/sqft
    Source: Public Record Report a problem
    12/3/2024Listing removed$3,250$3/sqft
    Source: Zillow Rentals Report a problem
    11/19/2024Listed for rent$3,250$3/sqft
    Source: Zillow Rentals Report a problem
    8/31/2024Listing removed$724,900$708/sqft
    Source: Hive MLS #100459112 Report a problem
    8/11/2024Pending sale$724,900$708/sqft
    Source: Hive MLS #100459112 Report a problem
    8/2/2024Listed for sale$724,900+79%$708/sqft
    Source: Hive MLS #100459112 Report a problem
    7/11/2023Sold$405,000+1.3%$396/sqft
    Source: Hive MLS #100383786 Report a problem
    5/16/2023Pending sale$400,000$391/sqft
    Source: Hive MLS #100383786 Report a problem
    5/11/2023Listed for sale$400,000$391/sqft
    Source: Hive MLS #100383786 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,407 +126.7%$307,879
    2023$1,062 +3%$307,879
    2022$1,031 $307,879
    2021$1,031 $307,879
    2020-- $307,879 +16%
    2019$838 $265,464
    2017$838 $265,464
    2016$838 $265,464
    2015-- $265,464 -2.6%
    2014$811 $272,517
    2013-- $272,517
    2012-- --
    2011-- --
    2010-- $352,177
    2009-- $352,177
    Find assessor info on the county website

    Neighborhood: 28557

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $735,000
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $735,000