NOT LISTED FOR SALE

1106 Cherokee St Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $664,000 - $960,000

12 Beds
8 Baths
5,000 Sq Ft
$167/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $920,000 $184 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,149/month

245 Days on Market

About This Home

As of March 2024

RARE FIND * TURN-KEY INVESTMENT * Introducing a fully leased, newly constructed fourplex in the heart of Myrtle Beach. Each expansive 1200 square foot unit is thoughtfully designed, featuring 3 bedrooms, 2 bathrooms, a spacious living area, a full-size kitchen, in-unit laundry, and an inviting porch. Upper units are enhanced by high vaulted ceilings. Perfectly situated in close proximity to local attractions and the beach, this property promises a profitable investment.

Last Agent to Sell the Property

Jake Lee

Keller Williams Innovate South License #59913 Listed on: 06/26/2023

Keller Williams Innovate South

Last Buyer's Agent

Jake Lee

Keller Williams Innovate South License #59913 Listed on: 06/26/2023

Keller Williams Innovate South

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,590

Year Built

  • Built in 2020

Lot Details

  • Rectangular Lot

Home Design

  • 5,000 Sq Ft Home
  • Masonry Siding
  • Vinyl Siding

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 4 Units
  • Keith Building Condos

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,590

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Pet
  • Estimated Year Built: 2020
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 06/26/2023
  • Sold Total Heated Sq Ft: 5000
  • Sold Total Sq Ft: 5500
  • Total Heated Sq Ft: 5000
  • Complex Name: KEITH BUILDING
  • Misc Structural: Sep. Water Meter, Sep. Electric Meter, Individual Water Heater, Indiv. Heat & Air
  • Number3 Br Units: 4
  • Safety Features: Smoke/Heat Detector, Sprinkler System
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2020

Interior Features

  • Total Sq Ft: 5500

Exterior Features

  • Exterior Finish: Vinyl Siding, Masonry Accent

Garage/Parking

  • Type: Apartments

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Underground Utilities, Water Public
  • Heating Cooling: Central Heat, Central Air, Electric

Schools

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

Lot Info

  • Lot Location: Inside City Limits
  • Zoning: R1

Multi Family

  • Number Of Units: 4

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
Jun 26, 2023
Closed on
Mar 25, 2024
Sold by
Keith Dustin E
Bought by
Waite Schanel and Waite Denry M
Seller's Agent
Jake Lee
Keller Williams Innovate South
Buyer's Agent
Jake Lee
Keller Williams Innovate South
List Price
$939,000
Sold Price
$920,000
Premium/Discount to List
-$19,000
-2.02%
Views
1057
Current Estimated Value
$836,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,843
Avg. Annual Appreciation
-2.09%
Original Mortgage
$874,000
Outstanding Balance
$865,019
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$26,337

Purchase Details

Listed on
Apr 2, 2020
Closed on
Jun 12, 2020
Sold by
A & K Properties Of Sc Inc
Bought by
Keith Dustin E
Seller's Agent
Christopher Hanna
CB Sea Coast Advantage CF
Buyer's Agent
Jake Lee
Keller Williams Innovate South
List Price
$524,900
Sold Price
$494,000
Premium/Discount to List
-$30,900
-5.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.88%
Original Mortgage
$485,052
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 15, 2012
Sold by
Conway National Bank
Bought by
A & K Properties Of South Carolina Inc

Purchase Details

Closed on
Apr 21, 2011
Sold by
Master In Equity Horry County
Bought by
Conway National Bank

Purchase Details

Closed on
Jul 27, 2005
Sold by
American Dream Homes Llc
Bought by
Richardson Kelly W

Purchase Details

Closed on
Jun 29, 2005
Sold by
American Dream Homes & Design Inc
Bought by
American Dream Homes Llc

Purchase Details

Closed on
May 20, 2005
Sold by
Hahn Herbert Blair and Hahn Elizabeth Parks
Bought by
American Dream Homes & Design Inc
Source: Public Records

Range of Values:

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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
Waite Schanel $920,000 --
Keith Dustin E $494,000 --
A & K Properties Of South Carolina Inc $15,500 --
Conway National Bank -- --
Richardson Kelly W $80,000 --
American Dream Homes Llc -- --
American Dream Homes & Design Inc $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waite Schanel $874,000
Previous Owner Keith Dustin E $485,052
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $920,000 -2.0% $184 / Sq Ft
06/26/2023 06/26/23 For Sale $939,000 +90.1% $188 / Sq Ft
06/16/2020 06/16/20 Sold $494,000 -5.9% $99 / Sq Ft
04/02/2020 04/02/20 For Sale $524,900 -- $105 / 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 $8,590 $35,985 $5,105 $30,880
2023 $8,590 $29,341 $4,729 $24,612
2021 $7,928 $29,341 $4,729 $24,612
2020 $356 $4,729 $4,729 $0
2019 $356 $4,729 $4,729 $0
2018 $319 $1,201 $1,201 $0
2017 $316 $1,201 $1,201 $0
2016 -- $1,201 $1,201 $0
2015 $538 $1,201 $1,201 $0
2014 $523 $5,359 $5,359 $0
Source: Public Records

Agents Affiliated with this Home

  • Jake Lee

    Seller's Agent in 2024

    Jake Lee

    Keller Williams Innovate South

    (843) 240-0431

    13 in this area

    396 Total Sales

    Jake Lee
    Section Image
  • Christopher Hanna

    Seller's Agent in 2020

    Christopher Hanna

    CB Sea Coast Advantage CF

    (843) 251-5710

    36 in this area

    199 Total Sales

    Christopher Hanna
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2312564

Coastal Carolinas Association of REALTORS®

APN: 42512010017

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

1106 Cherokee St, Myrtle Beach, SC

This home is located at 1106 Cherokee St, Myrtle Beach, SC 29577 since 26 June 2023 and is currently estimated at $836,157, approximately $167 per square foot. This property was built in 2020. 1106 Cherokee St is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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