NOT LISTED FOR SALE

1605 S Ocean Blvd Unit 1002 THE PALACE Myrtle Beach, SC 29577

Estimated Value: $127,000 - $144,000

1 Bed
1 Bath
386 Sq Ft
$456/mo HOA Fee

Last Sold February 28, 2024

Last sale price $137,900 $357 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,317/month

145 Days on Market

Highlights

  • Ocean Front
  • Soaking Tub and Separate Shower in Primary Bathroom
  • Solid Surface Countertops
  • Clubhouse
  • Furnished
  • Community Pool

About This Home

As of February 2024

This is the upgraded, beautiful oceanfront condominium -- perched on the tenth floor with stunning ocean views -- you've been looking for. With tile floors, a private balcony, modern decor, a full kitchen and even a small dining area, this efficiency will make a terrific beach getaway and can also serve as an attractive investment property. This completely turn-key property includes a new sofa, new bed, new mattress, new kitchen countertop, new dishwasher, new microwave, new bathroom floor, fresh paint and hot water heater that is only 2 years old. This efficiency is close to everything that Myrtle Beach offers. Shopping, golf, entertainment, restaurants, fishing, and more! The onsite amenities include indoor and outdoor whirlpools, a large oceanfront outdoor pool, exercise room, sauna, restaurant, and lounge.

Last Listed By

Adam Levy

Century 21 The Harrelson Group License #133902 Listed on: 08/04/2023

Century 21 The Harrelson Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,553

Year Built

  • Built in 1986

Lot Details

  • 1.88

HOA Fees

  • $456 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Wallpaper
  • Steel Siding
  • Tile

Interior Spaces

  • 386 Sq Ft Home
  • Furnished
  • Window Treatments
  • Insulated Doors
  • Dining Area

Kitchen

  • Breakfast Bar
  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Single Vanity
  • Soaking Tub and Separate Shower in Primary Bathroom

Schools

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

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Balcony
  • Ocean Front

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, security, rec. facilities, legal and accounting, master antenna/cable TV, common maint/repair, internet access, pest control
  • High-Rise Condominium

Amenities

  • Clubhouse

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,553

Year Built

Built in 1986

Lot Details

0

HOA Fees

$456 per month

Listing Details

  • Unit Location: Oceanfront-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed
  • Estimated Year Built: 1986
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 456
  • HOA Management Company: Waccamaw Mgmt (843) 272-8705
  • Lvt Date: 08/04/2023
  • Sold Total Heated Sq Ft: 386
  • Sold Total Sq Ft: 425
  • Total Heated Sq Ft: 386
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Insulated Doors/Windows
  • Gross Annual Rental Incom: 2022: $23,044
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 10
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Furnished, Enter Through Foyer
  • Primary Bathroom: Tub, Shower, Vanity, Wallpaper/Covering, Tub/Shower Combo
  • Kitchen Type: Dishwasher, Refrigerator, Range, Breakfast Bar, Oven, Freezer, Microwave, Solid Surface Countertops
  • Bedrooms: Efficiency
  • Dining Room Type: Area
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 425

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Internet Access, Pest Control

Schools

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

Lot Info

  • Zoning: MF

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
Aug 4, 2023
Closed on
Jan 29, 2024
Sold by
Funsch Eric D
Bought by
Means Valerie
Seller's Agent
Adam Levy
Century 21 The Harrelson Group
Buyer's Agent
Krista Webster
eXp Realty LLC
List Price
$164,900
Sold Price
$137,900
Premium/Discount to List
-$27,000
-16.37%
Total Days on Market
145
Views
176
Current Estimated Value
$132,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,817
Avg. Annual Appreciation
-3.59%
Original Mortgage
$124,110
Outstanding Balance
$123,319
Interest Rate
9.75%
Mortgage Type
New Conventional
Estimated Equity
$8,764

Purchase Details

Listed on
Jan 14, 2021
Closed on
Apr 22, 2021
Sold by
Lindstrom Property Management Llc
Bought by
Funsch Eric D
Seller's Agent
Tim Arnold
Grand Strand Homes & Land
Buyer's Agent
The Patrick Team
CB Sea Coast Advantage CF
List Price
$82,500
Sold Price
$77,000
Premium/Discount to List
-$5,500
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.69%

Purchase Details

Closed on
Apr 23, 2015
Sold by
Ahlfeldt Harry J and Ahlfeldt Carol A
Bought by
Lindstrom Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Range of Values:

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Average Value
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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
Means Valerie $137,900 --
Funsch Eric D $77,000 --
Lindstrom Property Management Llc $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Means Valerie $124,110
Previous Owner Lindstrom Property Management Llc $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Sold $137,900 +2.2% $357 / Sq Ft
11/06/2023 11/06/23 Price Changed $134,900 -3.6% $349 / Sq Ft
10/04/2023 10/04/23 Price Changed $139,900 -6.7% $362 / Sq Ft
09/13/2023 09/13/23 Price Changed $149,900 -6.3% $388 / Sq Ft
08/31/2023 08/31/23 Price Changed $159,900 -3.0% $414 / Sq Ft
08/04/2023 08/04/23 For Sale $164,900 +114.2% $427 / Sq Ft
04/22/2021 04/22/21 Sold $77,000 -3.6% $193 / Sq Ft
03/06/2021 03/06/21 Price Changed $79,900 -3.2% $200 / Sq Ft
01/14/2021 01/14/21 For Sale $82,500 -- $206 / 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 $1,553 $6,405 $0 $6,405
2023 $1,553 $6,405 $0 $6,405
2021 $1,432 $6,405 $0 $6,405
2020 $925 $6,405 $0 $6,405
2019 $925 $6,405 $0 $6,405
2018 $830 $5,460 $0 $5,460
2017 $821 $3,120 $0 $3,120
2016 -- $3,120 $0 $3,120
2015 $858 $5,775 $0 $5,775
2014 -- $2,200 $0 $2,200
Source: Public Records

Agents Affiliated with this Home

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Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2315467

Coastal Carolinas Association of REALTORS®

APN: 44314040155