NOT LISTED FOR SALE

1617 S Waccamaw Dr Unit Oceanfront 75 Foot W Murrells Inlet, SC 29576

Garden City Beach Neighborhood

Estimated Value: $1,957,000 - $3,338,000

10 Beds
4 Baths
2,501 Sq Ft
$1,059/Sq Ft Est. Value

Last Sold July 30, 2019

Last sale price $1,150,000 $460 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $18,099/month

13 Days on Market

Highlights

  • Ocean Front
  • Private Beach
  • Balcony
  • Waccamaw Elementary School Rated A-
  • Deck
  • Rear Porch

About This Home

As of July 2019

This is a gorgeous piece of property located on the oceanfront on the South end of Garden City Beach. This 75 foot wide lot has unimpeded views of the Atlantic Ocean with a healthy dune line. This property actually gained build-able area seaward given the new setback lines according to Act 173. This duplex home has five bedrooms and two bathrooms on each side, totaling 10 bedrooms and four bathrooms. Property is being sold AS IS and considered to be land value only. Previous owners have used both sides as rental properties. Continue to rent both sides as an investment, or start fresh and build your dream beach home on this amazing 75 x 250 ft lot. Lots of this size and caliber are few and far between in Garden City, so take advantage now before it's too late. Please call the listing agent, or your realtor, to learn more about this property, or to schedule a showing!

Last Agent to Sell the Property

Kyle Hawley

Dunes Realty Sales License #93774 Listed on: 05/06/2019

Last Buyer's Agent

Phil Murdock

Surfside Realty Co Inc License #21094

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,203

Year Built

  • Built in 1977

Lot Details

  • 0.41 Acre Lot
  • Ocean Front
  • Private Beach
  • Rectangular Lot
  • Property is zoned RC

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Raised Foundation
  • Wood Frame Construction
  • Lead Paint Disclosure

Interior Spaces

  • 2,501 Sq Ft Home
  • 3-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Rear Porch

Location

  • Flood Zone Lot
  • East of US 17
  • Outside City Limits

Schools

  • Waccamaw Elementary School
  • Waccamaw Middle School
  • Waccamaw High School

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • The community has rules related to allowable golf cart usage in the community

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,203

Year Built

Built in 1977

Lot Details

0

Parking

15

Listing Details

  • Lot Description: Designated Flood Zone, Rectangular
  • Four Sided Lot Measurement: 75 x 250 x 65 x 243
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet, Private Beach Comm Access
  • Estimated Year Built: 1977
  • Class: Residential
  • Construction Status: Resale
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat, Electric, Window/Wall Unit
  • Lvt Date: 05/06/2019
  • Sold Total Heated Sq Ft: 2501
  • Sold Total Sq Ft: 4701
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 15
  • Total Heated Sq Ft: 2501
  • Geo Subdivision: SC
  • Ground Floor Heated Sq Ft: 1250
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1977

Interior Features

  • Interior Amenities: Lead Based Paint Disclose
  • Bedrooms: 10
  • Full Bathrooms: 4
  • Levels: Three Or More
  • Total Sq Ft: 4701

Exterior Features

  • Exterior Features: Deck, Balcony, Rear Porch, Outside Storage Attached
  • Exterior Finish: Wood Frame
  • Foundation: Raised Beach
  • Number Of Acres: 0.41

Garage/Parking

  • Type: Detached

Utilities

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

Schools

  • Elementary School: Waccamaw Elementary School
  • Middle School: Waccamaw Middle School
  • High School: Waccamaw High School

Lot Info

  • Lot Location: Oceanfront Lot, Outside City Limits, East Of Bus 17, Oceanview Lot, East Of Highway 17 Bypass
  • Zoning: RC

MLS Schools

  • Elementary School: Waccamaw Elementary School
  • HighSchool: Waccamaw High School
  • Middle School: Waccamaw Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
Jul 30, 2019
Sold by
Ktad 1617 Holdings Llc
Bought by
Clise Michale and Clise Margaret
Seller's Agent
Kyle Hawley
Dunes Realty Sales
Buyer's Agent
Phil Murdock
Surfside Realty Co Inc
List Price
$1,199,900
Sold Price
$1,150,000
Premium/Discount to List
-$49,900
-4.16%
Current Estimated Value
$2,647,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,497,500
Avg. Annual Appreciation
15.31%
Original Mortgage
$2,052,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 7, 2018
Closed on
Jan 8, 2019
Sold by
Deberry John E and Meng Bernard B
Bought by
Ktad 1617 Holdings Llc
Seller's Agent
Kyle Hawley
Dunes Realty Sales
Buyer's Agent
Kyle Hawley
Dunes Realty Sales
List Price
$1,400,000
Sold Price
$1,100,000
Premium/Discount to List
-$300,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$825,000
Interest Rate
4.8%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Clise Michale $1,150,000 None Available
Ktad 1617 Holdings Llc $1,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margaret Clise $1,500,000
Closed Clise Michale $2,052,000
Previous Owner Ktad 1617 Holdings Llc $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Off Market $1,150,000 -- --
07/30/2019 07/30/19 Sold $1,150,000 -4.2% $460 / Sq Ft
05/06/2019 05/06/19 For Sale $1,199,900 +9.1% $480 / Sq Ft
01/08/2019 01/08/19 Sold $1,100,000 -8.3% $440 / Sq Ft
10/10/2018 10/10/18 Price Changed $1,199,900 -14.3% $480 / Sq Ft
07/07/2018 07/07/18 For Sale $1,400,000 -- $560 / 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 $40,203 $159,790 $60,000 $99,790
2023 $40,203 $159,790 $60,000 $99,790
2022 $37,439 $159,790 $60,000 $99,790
2021 $31,171 $0 $0 $0
2020 $13,706 $0 $0 $0
2019 $8,092 $0 $0 $0
2018 $9,803 $0 $0 $0
2017 $9,008 $53,946 $0 $0
2016 $8,950 $53,946 $0 $0
2015 $8,556 $0 $0 $0
2014 $8,556 $1,078,500 $900,000 $178,500
2012 -- $1,078,500 $900,000 $178,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1910151

Coastal Carolinas Association of REALTORS®

APN: 41-0129-007-01-07