NOT LISTED FOR SALE

1101 James Island Ave Unit Lot 50 North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $192,000 - $386,000

0.4 Acre
$697,500 Price per Acre
17,424 Sq Ft Lot

Last Sold August 22, 2024

Last sale price $210,000

Est. 33% increase in value since last sale

Current estimated payment $1,756/month

5 Days on Market

Highlights

  • 0.4 Acre Lot
  • Clubhouse
  • Community Pool
  • Ocean Drive Elementary School Rated A

About This Lot

As of August 2024

Explore one of two multi-family lots located in the prestigious Charleston Landing, a prime subdivision in North Myrtle Beach. This .40-acre lot offers a unique chance for developers to construct Charleston-style townhomes in a desirable area close to the beach, fine dining, shopping, and golf courses. The lot is build-ready and situated in a neighborhood that allows up to 12 townhome parcels (Lot 50 and Lot 51), with each unit requiring a minimum of 1900 heated square feet. These parcels are available for purchase either together or individually, providing flexibility for your development plans. Charleston Landing is beautifully developed along Hogg Inlet, connecting the community to Cherry Grove Beach via a tidal-fed marsh, adding to the serene coastal vibe. Attached are conceptual images of a proposed complex featuring 3-bedroom, 3.5-bath units, offering a glimpse into the potential of this site. These images are for illustrative purposes and represent the vision of the lot owner. This is an ideal opportunity for investors looking to make their mark in an upscale North Myrtle Beach community. Don't miss out—this truly is a must-see!

Last Agent to Sell the Property

Natalia Stopper

Century 21 Stopper &Associates License #93366 Listed on: 05/06/2024

Century 21 Stopper &Associates

Last Buyer's Agent

Stephanie McCormick

Toll Brothers Real Estate Inc. License #95781

Toll Brothers Real Estate Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,039

Lot Details

  • 0.4 Acre Lot
  • Irregular Lot
  • Cleared Lot
  • Property is zoned multi fam

HOA Fees

  • $106 Monthly HOA Fees

Schools

  • Ocean Drive Elementary School
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Additional Features

  • East of US 17
  • Phone Available

Community Details

Overview

  • The community has rules related to allowable golf cart usage in the community

Amenities

  • Clubhouse

Recreation

  • Community Pool

Property Details

Property Type

Land

Est. Annual Taxes

$2,039

Lot Details

0

HOA Fees

$106 per month

Listing Details

  • Lot Description: Irregular
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool-Outdoor Community, Sellers Disclosure, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet
  • Class: Land
  • HOA Fee Frequency: Quarterly
  • HOA Management Company: Coastal Association management 800.213.4366
  • Lvt Date: 05/06/2024
  • Additional Information: Cleared
  • Estimated Lot Size: Less Than 1/2 Acre
  • Monthly HOA Calculated: 106
  • Residence: Land Only
  • Road Surface: Blacktop
  • Utilities To Site: Electricity, Phone, Sewer, Tv Cable, Underground, Utilities, Water
  • Geo Subdivision: SC
  • Section Subdivision: Charleston Landing
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 0.4

Garage/Parking

  • Type: Multi-Family Lot

Utilities

  • Sewer: Public
  • Water: Public

Schools

  • Elementary School: Ocean Drive Elementary
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach

Lot Info

  • Lot Location: Inside City Limits, East Of Business 17, East Of Highway 17 Bypass
  • Zoning: multi fam

MLS Schools

  • Elementary School: Ocean Drive Elementary
  • HighSchool: North Myrtle Beach
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Aug 21, 2024
Sold by
Shockley Brandon
Bought by
Monterey Bay Construction Myrtle Beach L
Seller's Agent
Natalia Stopper
Century 21 Stopper &Associates
Buyer's Agent
Stephanie McCormick
Toll Brothers Real Estate Inc.
List Price
$240,000
Sold Price
$210,000
Premium/Discount to List
-$30,000
-12.5%
Views
3
Current Estimated Value
$279,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,000
Avg. Annual Appreciation
29.17%
Original Mortgage
$315,000
Outstanding Balance
$311,374
Interest Rate
6.78%
Mortgage Type
Mortgage Modification
Estimated Equity
-$32,374

Purchase Details

Closed on
May 18, 2021
Sold by
Memory Gayle C
Bought by
Shockley Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,499
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2011
Sold by
Southern Community Bank
Bought by
Memory Gayle C

Purchase Details

Closed on
Jun 17, 2010
Sold by
Cromer John W
Bought by
Southern Community Bank

Purchase Details

Closed on
Jul 28, 2005
Sold by
Ocean Enterprises Llc
Bought by
Skotioas Dimitrios and Skotidas Christine Ninon
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Monterey Bay Construction Myrtle Beach L $420,000 --
Shockley Brandon $149,999 --
Memory Gayle C $32,000 --
Southern Community Bank -- --
Skotioas Dimitrios $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monterey Bay Construction Myrtle Beach L $315,000
Previous Owner Shockley Brandon $112,499
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2024 08/22/24 Sold $210,000 -12.5% --
05/06/2024 05/06/24 For Sale $240,000 -- --
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 $2,039 $9,431 $9,431 $0
2023 $2,039 $3,961 $3,961 $0
2021 $1,982 $3,961 $3,961 $0
2020 $342 $3,961 $3,961 $0
2019 $330 $3,961 $3,961 $0
2018 $304 $1,332 $1,332 $0
2017 $0 $1,332 $1,332 $0
2016 $0 $1,332 $1,332 $0
2015 -- $1,332 $1,332 $0
2014 -- $1,332 $1,332 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2411078

Coastal Carolinas Association of REALTORS®

APN: 35111010074