$190,900
SOLD SEP 2, 2022

1605 S Ocean Blvd Unit 513 Myrtle Beach, SC 29577

2 Beds
2 Baths
781 Sq Ft
$797/mo HOA Fee

Recently Sold

$244 Per Sq Ft

9% Above List Price

168 Days on Market

Highlights

  • Private Pool
  • Elevator
  • Kitchen Island
  • Furnished
  • Balcony
  • Central Heating and Cooling System

About This Home

As of May 2023

Granite counters; sleeps 6; will have new paint; great rentals; attached garage; pools and hot tubs. Restaurant. 3/22/22: Unit has been painted, new wood flooring, new furniture night stands and end tables, lighting and artwork, new refrigerator best of all the price is right. See the ocean waves from your balcony enjoy all the Palace has to offer. Attached parking great restaurant heated pools and hot tubs. Come and enjoy the beach at The Palace.

Last Agent to Sell the Property

Bob Schreiber

The Hoffman Group License #25688 Listed on: 02/08/2022

Last Buyer's Agent

Thomas Grainger

Keller Williams Innovate South License #124237

Keller Williams Innovate South

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

HOA Fees

  • $797 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Steel Siding
  • Tile

Interior Spaces

  • 781 Sq Ft Home
  • Furnished
  • Window Treatments
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Pool

  • Private Pool
  • Spa

Schools

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

Utilities

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

Additional Features

  • Balcony
  • Flood Zone Lot

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, security, master antenna/cable TV, common maint/repair
  • High-Rise Condominium

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Additional Features

  • Elevator
  • Security

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$797 per month

Listing Details

  • Lot Description: Designated Flood Zone
  • Unit Location: Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Security, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Cable Tv
  • Estimated Year Built: 1986
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air
  • Monthly HOA as Calculated: 797
  • HOA Management Company: ALLY 843-497-3555
  • Lvt Date: 02/08/2022
  • Sold Total Heated Sq Ft: 781
  • Sold Total Sq Ft: 816
  • Total Heated Sq Ft: 781
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Pool-Outdoor Private, Elevator-Exterior, Pool-Indoor Private, Spa/Hot Tub
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 05
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Fire Sprinkler, Smoke Detector
  • Kitchen Type: Dishwasher, Refrigerator, Work Island, Microwave, Range Hood
  • Bedrooms: 2
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 816

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Security, Master Antenna/Cable Tv, Common Maint/Repair

Schools

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

Lot Info

  • Zoning: MULT

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
Dec 16, 2022
Closed on
May 24, 2023
Sold by
Maroon Oyster Property Holdings Llc
Bought by
Lutz Terry and Lutz Gregory
Seller's Agent
Diana Van Pelt
Realty ONE Group Dockside
Buyer's Agent
Blake Sloan
Sloan Realty Group
List Price
$265,000
Sold Price
$230,000
Premium/Discount to List
-$35,000
-13.21%
Views
234
Current Estimated Value
$228,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,473
Avg. Annual Appreciation
0.63%

Purchase Details

Closed on
Jan 23, 2023
Sold by
Feis Julien
Bought by
Maroon Oyster Property Holdings Llc

Purchase Details

Listed on
Feb 8, 2022
Closed on
Aug 31, 2022
Sold by
Macdougall William E
Bought by
Feis Julien and Feis Lisa Gustafson
Seller's Agent
Bob Schreiber
The Hoffman Group
Buyer's Agent
Thomas Grainger
Keller Williams Innovate South
List Price
$174,900
Sold Price
$190,900
Premium/Discount to List
$16,000
9.15%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$143,175
Interest Rate
4.99%
Mortgage Type
Mortgage Modification

Purchase Details

Listed on
Oct 19, 2017
Closed on
Nov 9, 2017
Sold by
Macdougall Anne Marie
Bought by
Anthony Darden
Seller's Agent
Deborah Morris
RE/MAX Southern Shores GC
Buyer's Agent
Isaac Larrowe
ERA Real Estate Modo
List Price
$139,900
Sold Price
$139,000
Premium/Discount to List
-$900
-0.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$129,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2013
Sold by
Kabot Edwin M
Bought by
Macdougall William E

Purchase Details

Closed on
Apr 22, 2004
Sold by
Keck Frank X and Keck Jacqulin J
Bought by
Kabot Edwin M and Kabot Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2002
Sold by
Flynn Lenard J
Bought by
Keck Frank X and Jacqu Line Keck J
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 $230,000 --
Warranty Deed -- --
Warranty Deed $190,900 --
Warranty Deed $139,000 --
Deed $109,000 --
Deed $109,000 --
Deed $137,000 --
Deed $121,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $143,175 Mortgage Modification
Previous Owner $129,000 New Conventional
Previous Owner $109,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $230,000 -8.0% $293 / Sq Ft
05/03/2023 05/03/23 Price Changed $249,900 -3.9% $318 / Sq Ft
04/27/2023 04/27/23 Price Changed $259,999 0.0% $331 / Sq Ft
01/09/2023 01/09/23 Price Changed $260,000 -1.9% $331 / Sq Ft
12/16/2022 12/16/22 For Sale $265,000 +38.8% $338 / Sq Ft
09/02/2022 09/02/22 Sold $190,900 0.0% $244 / Sq Ft
06/13/2022 06/13/22 Price Changed $190,900 -2.6% $244 / Sq Ft
03/22/2022 03/22/22 Price Changed $195,900 +12.0% $251 / Sq Ft
02/08/2022 02/08/22 For Sale $174,900 +25.8% $224 / Sq Ft
11/09/2017 11/09/17 Sold $139,000 -0.6% $178 / Sq Ft
10/19/2017 10/19/17 For Sale $139,900 -- $179 / 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 -- $14,805 $0 $14,805
2023 $3,524 $14,805 $0 $14,805
2021 $2,237 $14,805 $0 $14,805
2020 $2,134 $14,805 $0 $14,805
2019 $2,134 $14,805 $0 $14,805
2018 $1,915 $12,600 $0 $12,600
2017 $1,436 $5,460 $0 $5,460
2016 -- $5,460 $0 $5,460
2015 $1,420 $9,555 $0 $9,555
2014 $1,380 $5,460 $0 $5,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2202625

Coastal Carolinas Association of REALTORS®

APN: 44314040199