$77,000
SOLD APR 22, 2021

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

-- Bed
1 Bath
400 Sq Ft
$399/mo HOA Fee

Recently Sold

$192 Per Sq Ft

7% Below List Price

68 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • Balcony
  • Community Indoor Pool
  • Lawn
  • Breakfast Bar

About This Home

As of February 2024

Direct Ocean Front with 10th Floor View. Great Rental Property in The Palace. One of the Lowest HOAs on the Beach. Fully Furnished - Ready to to move in or Rent. Priced to sell. Measurements are estimates.. seller to verify.

Last Agent to Sell the Property

Tim Arnold

Grand Strand Homes & Land License #85389 Listed on: 01/14/2021

Last Buyer's Agent

The Patrick Team

CB Sea Coast Advantage CF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,553

Year Built

  • Built in 1986

Lot Details

  • Ocean Front
  • Lawn

HOA Fees

  • $399 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Steel Siding
  • Tile

Interior Spaces

  • 1 Full Bathroom
  • 400 Sq Ft Home
  • Furnished
  • Window Treatments
  • Laminate Flooring

Kitchen

  • Breakfast Bar
  • Range
  • Microwave

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

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

Recreation

  • Community Indoor Pool

Additional Features

  • Door to Door Trash Pickup
  • Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,553

Year Built

Built in 1986

Lot Details

0

HOA Fees

$399 per month

Listing Details

  • Unit Location: Oceanfront-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Security, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance, Pool-Indoor Community
  • Estimated Year Built: 1986
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Tile, Laminate
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Window/Wall Unit
  • Monthly HOA as Calculated: 399
  • HOA Management Company: ally management 843.497.3555
  • Lvt Date: 01/21/2021
  • Sold Total Heated Sq Ft: 400
  • Sold Total Sq Ft: 400
  • Total Heated Sq Ft: 400
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building
  • Exterior Unit Features: Balcony
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • 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
  • Kitchen Type: Refrigerator, Range, Breakfast Bar, Microwave
  • Bedrooms: Efficiency
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 400

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric
  • Utilities Available: Electricity

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, 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: North Myrtle Beach High School

Lot Info

  • Zoning: MF

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%
Views
176
Current Estimated Value
$128,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,747
Avg. Annual Appreciation
-5.25%
Original Mortgage
$124,110
Outstanding Balance
$123,319
Interest Rate
9.75%
Mortgage Type
New Conventional
Estimated Equity
$5,176

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $137,900 --
Warranty Deed $77,000 --
Warranty Deed $63,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $124,110 New Conventional
Previous Owner $51,000 Future Advance Clause Open End Mortgage
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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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2101546

Coastal Carolinas Association of REALTORS®

APN: 44314040155