NOT LISTED FOR SALE

Estimated Value: $148,000 - $192,000

1 Bed
1 Bath
539 Sq Ft
$683/ mo HOA Fee

Last Sold December 13, 2023

Last sale price $185,000 $343 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,770/month

93 Days on Market

Highlights

  • Furnished
  • Balcony
  • Combination Dining and Living Room
  • Community Pool
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of December 2023

Check out this 19th floor, completely updated, 1 bedroom condo at The Palace Resort in Myrtle Beach. This 1 bedroom, 1 bath condo is furnished with 1 queen size bed, and queen size sleeper sofa in the living room. The layout is perfect for a couple or party of 4! This unique layout offers ample living space. This layout features an open floor plan and doesn't feel cramped! The master bedroom offers 1 queen bed and access to a full bathroom just outside the bedroom. The balcony, is accessible from the bedroom and the living room. The kitchen is absolutely incredible and features full size appliances, new cabinets, new sink, and granite counter tops. Enjoy the miles of direct ocean views from your 19th floor balcony. Spend your afternoons at the many amenities in the building. The Palace offers indoor and outdoor pools, hot tubs, onsite laundry, and exercise facilities, onsite bar and dining, a game room, an oceanfront sun deck, and more. Located in the heart of Myrtle Beach, close to all of the Grand Strand's finest dining, shopping, golf, and entertainment attractions. Minutes to the airport. Whether you are looking for a second home on the beach or your next investment opportunity this could be the one. Schedule your showing today!

Last Agent to Sell the Property

Jimmy McDowell

Anchor Realty License #55407 Listed on: 08/02/2023

Last Buyer's Agent

Bryant Evans

RE/MAX Southern Shores License #9508

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

Lot Details

  • 0.9

HOA Fees

  • $683 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 19th floor
  • Steel Siding
  • Tile

Interior Spaces

  • 539 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Outdoor Features

  • Balcony

Schools

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

Utilities

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

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, security, legal and accounting, internet access, pest control
  • High-Rise Condominium

Recreation

  • Community Pool

Additional Features

  • Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0.9 Acres

HOA Fees

$683 per month

Listing Details

  • Amenities Available: Pool-Outdoor Community, Restrictions, Security, 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
  • Monthly HOA as Calculated: 683
  • HOA Management Company: Waccamaw Management 843-903-9551
  • Lvt Date: 08/03/2023
  • Total Heated Sq Ft: 539
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits
  • Exterior Unit Features: Balcony
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 19
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Furnished: Yes
  • Interior Amenities: Elevator-Interior, Fire Sprinkler, Enter Through Foyer
  • Primary Bathroom: Tub/Shower Combo
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 1
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 1
  • Total Sq Ft: 559

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Sewer, Telephone, Underground Utilities, 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, Legal And Accounting, Internet Access, Pest Control

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 2, 2023
Closed on
Dec 5, 2023
Sold by
Giocoli Peppino G
Bought by
Hummel Susan Cw and Hummel Peter John
Seller's Agent
Jimmy McDowell
Anchor Realty
Buyer's Agent
Bryant Evans
RE/MAX Southern Shores
List Price
$219,900
Sold Price
$185,000
Premium/Discount to List
-$34,900
-15.87%
Views
202
Current Estimated Value
$167,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,084
Avg. Annual Appreciation
-4.20%
Original Mortgage
$100,000
Outstanding Balance
$97,864
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$70,052

Purchase Details

Listed on
Oct 31, 2019
Closed on
Jan 2, 2020
Sold by
Cohen Mark A
Bought by
Giocoli Peppino G and Giocoli Laura L
Seller's Agent
Brian Piercy
ERA Real Estate Modo
Buyer's Agent
Jimmy McDowell
Anchor Realty
List Price
$107,000
Sold Price
$102,500
Premium/Discount to List
-$4,500
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.12%

Purchase Details

Listed on
Aug 2, 2018
Closed on
Dec 7, 2018
Sold by
Harman Michael G
Bought by
Cohen Mark A and Cohen Ilanit E
Seller's Agent
Tim Fortson
The Beverly Group
Buyer's Agent
Brian Piercy
ERA Real Estate Modo
List Price
$99,900
Sold Price
$93,000
Premium/Discount to List
-$6,900
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$74,400
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2014
Sold by
Mcguinness Michael P and Mcguinness Teresa
Bought by
Harman Michael G and Harman Laurie E

Purchase Details

Closed on
Apr 28, 2004
Sold by
Wellons Inc Of Myrtle Beach
Bought by
Mcguinness Michael P and Mcguinness Teresa

Purchase Details

Closed on
Nov 7, 2001
Sold by
Fowler Christopher Odea
Bought by
Wellons Inc

Purchase Details

Closed on
Jan 16, 2001
Sold by
Fowler Christopher Odea
Bought by
The Palace Homeowners Assn Inc

Purchase Details

Closed on
Jun 17, 1998
Sold by
Comis James
Bought by
Fowler Christopher Odea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,400
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hummel Susan Cw $185,000 --
Giocoli Peppino G $102,500 --
Cohen Mark A $93,000 --
Harman Michael G $79,000 --
Mcguinness Michael P $85,000 --
Wellons Inc $58,001 --
The Palace Homeowners Assn Inc $500 --
Fowler Christopher Odea $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hummel Susan Cw $100,000
Previous Owner Cohen Mark A $74,400
Previous Owner Fowler Christopher Odea $58,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2023 12/13/23 Sold $185,000 -7.5% $343 / Sq Ft
10/11/2023 10/11/23 Price Changed $199,900 -0.1% $371 / Sq Ft
10/05/2023 10/05/23 Price Changed $200,000 -4.7% $371 / Sq Ft
08/22/2023 08/22/23 Price Changed $209,900 -4.5% $389 / Sq Ft
08/02/2023 08/02/23 For Sale $219,900 +114.5% $408 / Sq Ft
12/31/2019 12/31/19 Sold $102,500 -4.2% $186 / Sq Ft View Prior Sale
10/31/2019 10/31/19 For Sale $107,000 +15.1% $195 / Sq Ft
12/13/2018 12/13/18 Sold $93,000 -6.0% $166 / Sq Ft View Prior Sale
10/09/2018 10/09/18 Price Changed $98,900 -1.0% $177 / Sq Ft
08/02/2018 08/02/18 For Sale $99,900 -- $178 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

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
2025 $2,559 $0 $0 $0
2024 $2,559 $10,050 $0 $10,050
2023 $2,559 $9,975 $0 $9,975
2021 $1,540 $9,975 $0 $9,975
2020 $1,469 $9,975 $0 $9,975
2019 $1,469 $9,975 $0 $9,975
2018 $0 $7,245 $0 $7,245
2017 $1,089 $4,140 $0 $4,140
2016 -- $4,140 $0 $4,140
2015 $1,076 $7,245 $0 $7,245
2014 $956 $3,780 $0 $3,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2315422

Coastal Carolinas Association of REALTORS®

APN: 44314040149

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