NOT LISTED FOR SALE

1005 5th Ave S Unit MB Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $691,198 - $746,000

6 Beds
4 Baths
3,930 Sq Ft
$183/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $785,000 $200 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $4,735/month

140 Days on Market

About This Home

As of March 2024

New Construction Multi Family Twin Homes with 4 Bedrooms in each unit plus a detached four car garage allowing each unit 2 garages. Many Builder Upgrades to include Stainless Steel Appliances, LVP Flooring, Beautiful Cabinetry and Granite Countertops. Located just a short walk to the beach, this duplex is only 7/10 of a mile from the beach. Each home is identical layout with identical upgrades. Very Strong local rental demand combined with access to the beach, makes this a care free investment property. Property can be divided now or in the future by filing an HPR converting it to a two property HOA. Or Bring the extended family and share a just share the yard.

Last Agent to Sell the Property

James 'JP' Hesnan

Surf Dog Real Estate Svcs. License #98168 Listed on: 09/06/2023

Last Buyer's Agent

Jason Merritt

By the Beach Properties,BTB License #49418

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,477

Year Built

  • Built in 2023

Lot Details

  • 0.38

Parking

  • 1 to 5 Parking Spaces

Home Design

  • 3,930 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Concrete Siding

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Middle School
  • Myrtle Beach High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,477

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Estimated Year Built: 2023
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 09/06/2023
  • Total Heated Sq Ft: 3930
  • Estimated Gross Scheduled Rent: 62400
  • Misc Structural: Indiv. Heat & Air, Individual Water Heater, Sep. Electric Meter, Sep. Water Meter
  • Safety Features: Smoke/Heat Detector
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Year Built: 2023

Interior Features

  • Total Sq Ft: 4410

Exterior Features

  • Exterior Finish: Concrete Fiber Siding
  • Foundation: Slab

Garage/Parking

  • Type: Duplex
  • Parking: 2 Car Unit

Utilities

  • Heating Cooling: Central Air, Central Heat, Electric, Forced Air

Lot Info

  • Zoning: RMM

Multi Family

  • Number Of Units: 2

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Nov 30, 2020
Sold by
Elshaer Ramy
Bought by
Jr Of Mb Investments Llc
Seller's Agent
Bill Sullivan
BH & G Elliott Coastal Living
Buyer's Agent
Randi Geddes
CRG Homes
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%
Current Estimated Value
$717,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$647,733
Avg. Annual Appreciation
58.70%

Purchase Details

Listed on
Oct 15, 2020
Closed on
Nov 13, 2020
Sold by
Smiler Lindsay Rae
Bought by
Elshaer Ramy
Seller's Agent
Bill Sullivan
BH & G Elliott Coastal Living
Buyer's Agent
Randi Geddes
CRG Homes
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%

Purchase Details

Closed on
Aug 22, 2020
Sold by
Love Juanita
Bought by
Smiler Lindsay Rae

Purchase Details

Closed on
Apr 25, 2015
Sold by
Cotton Julle
Bought by
Love Juanito

Purchase Details

Closed on
Jan 30, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Cotton Julie

Purchase Details

Closed on
Dec 28, 2007
Sold by
Stanley William and Pavilack Finance Corp
Bought by
Deutsche Bank National Trust Co and The Certificateholders Morgan Stanley Ab

Purchase Details

Closed on
Dec 23, 2004
Sold by
Huffstetler Michael L
Bought by
Stanley William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
9.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 1998
Sold by
Huffstetler Michael L and Estate Of Annie Mae Brown Huff
Bought by
Huffstetler Michael L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jr Of Mb Investments Llc -- --
Elshaer Ramy $70,000 --
Smiler Lindsay Rae -- --
Love Juanito $58,000 --
Cotton Julie -- --
Deutsche Bank National Trust Co $139,500 None Available
Stanley William $125,000 --
Huffstetler Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stanley William $106,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2024 03/18/24 Sold $785,000 0.0% $200 / Sq Ft
03/01/2024 03/01/24 Off Market $785,000 -- --
11/08/2023 11/08/23 Price Changed $760,000 -4.9% $193 / Sq Ft
09/06/2023 09/06/23 For Sale $799,000 +1041.4% $203 / Sq Ft
11/16/2020 11/16/20 Sold $70,000 -12.5% $69 / Sq Ft View Prior Sale
10/15/2020 10/15/20 For Sale $80,000 -- $79 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,477 $44,347 $3,935 $40,412
2023 $10,884 $3,986 $2,036 $1,950
2021 $1,078 $3,986 $2,036 $1,950
2020 $1,028 $3,986 $2,036 $1,950
2019 $1,028 $2,658 $1,358 $1,300
2018 $0 $2,386 $1,358 $1,028
2017 $942 $2,386 $1,358 $1,028
2016 -- $2,386 $1,358 $1,028
2015 $931 $2,386 $1,358 $1,028
2014 $905 $2,386 $1,358 $1,028
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    James 'JP' Hesnan

    Surf Dog Real Estate Svcs.

    (843) 999-0245

    3 in this area

    9 Total Sales

    James 'JP' Hesnan
    Section Image
  • Jason Merritt

    Buyer's Agent in 2024

    Jason Merritt

    By the Beach Properties,BTB

    (843) 450-3223

    5 in this area

    14 Total Sales

    Jason Merritt
    Section Image
  • Bill Sullivan

    Seller's Agent in 2020

    Bill Sullivan

    BH & G Elliott Coastal Living

    (843) 997-0616

    7 in this area

    102 Total Sales

    Bill Sullivan
    Section Image
  • Randi Geddes

    Buyer's Agent in 2020

    Randi Geddes

    CRG Homes

    (843) 651-8460

    17 in this area

    80 Total Sales

    Randi Geddes
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2318033

Coastal Carolinas Association of REALTORS®

APN: 44307020115

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

1005 5th Ave S Unit MB, Myrtle Beach, SC

Not Listed for Sale

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Coastal Carolinas Association of REALTORS® Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.

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