NOT LISTED FOR SALE

186 E Covington Dr Unit 164 Magnolia K Myrtle Beach, SC 29579

Estimated Value: $512,140 - $601,000

3 Beds
2.5 Baths
2,521 Sq Ft
$219/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $297,000 $118 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,101/month

304 Days on Market

Highlights

  • Newly Remodeled
  • Ranch Style House
  • Formal Dining Room
  • Carolina Forest Elementary School Rated A-

About This Home

As of March 2016

Covington Lake East is located in the Carolina Forest area of Myrtle Beach. The homes within this gated community are luxurious single-family homes with spacious yards. Optional third car garages available. Covington Lake East is a natural gas community that is convenient to shopping, restaurants, medical facilities and is minutes to the beach. For those families seeking a community in a quiet setting while still in close proximity to excellent schools, beaches, shopping, golf courses and more, Covington Lake East is the place for you Our Magnolia is a popular home with 3 bedrooms, 2.5 bathrooms, Carolina room, lanai and 2 car garage. The Magnolia plan offers a spacious great room that is open to a huge kitchen with a built-in desk, walk-in pantry and beautiful kitchen island. The spacious master bedroom features his and her walk-in closets and the master bath has separate vanities, a relaxing garden-style soaking tub and separate tiled walk-in shower. This Magnolia on homesite #164 also includes a gas fireplace, granite countertops in the bathrooms, blinds, hardwood flooring in the great room, Carolina room and hallways, all on a water lot! Standard Features include - hardwood flooring in the foyer, dining room and kitchen; tile floors in baths and laundry room; granite in the kitchen with upgraded 42” cabinets, stainless steel kitchen appliances including a gas range and side by side refrigerator. **Photos and virtual tour are of a similar home in another community.

Last Agent to Sell the Property

Damon Kramer

Lennar Carolinas LLC License #16756 Listed on: 05/06/2015

Lennar Carolinas LLC

Last Buyer's Agent

Nick Stopper

Century 21 Stopper &Associates License #60427

Century 21 Stopper &Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,515

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 9,583

HOA Fees

  • $41 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House

Interior Spaces

  • 2,521 Sq Ft Home
  • Formal Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Accessible Home Design

  • No Carpet

Schools

  • Carolina Forest Elementary School
  • Ocean Bay Middle School
  • Carolina Forest High School

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,515

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$41 per month

Parking

4

Listing Details

  • Estimated Year Built: 2016
  • Class: Residential
  • Construction Status: Never Occupied
  • HOA Fee Frequency: Monthly
  • Monthly HOA as Calculated: 41
  • HOA Management Company: Covington Lake East 843 839 4100
  • Home Warranty: Yes
  • Sold Total Heated Sq Ft: 2521
  • Sold Total Sq Ft: 3325
  • Style: Ranch
  • Type Of Parking: Attached 2-Car
  • Vehicle Parking Capacity: 4
  • Total Heated Sq Ft: 2521
  • Geo Subdivision: SC
  • Section Subdivision: Carolina Forest - Covington Lake East
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2016

Interior Features

  • Bedrooms: 3
  • Formal Dining: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Sq Ft: 3325

Garage/Parking

  • Type: Detached

Schools

  • Elementary School: Carolina Forest Elementary School
  • Middle School: Ocean Bay Middle School
  • High School: Carolina Forest High School

Lot Info

  • Zoning: Res

MLS Schools

  • Elementary School: Carolina Forest Elementary School
  • HighSchool: Carolina Forest High School
  • Middle School: Ocean Bay Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2015
Closed on
Mar 31, 2016
Sold by
Lennar Carolinas Lic
Bought by
Lookenbill Alen L and Lookenbill Russell H
Seller's Agent
Damon Kramer
Lennar Carolinas LLC
Buyer's Agent
Nick Stopper
Century 21 Stopper &Associates
List Price
$332,015
Sold Price
$297,000
Premium/Discount to List
-$35,015
-10.55%
Current Estimated Value
$553,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,285
Avg. Annual Appreciation
6.74%
Original Mortgage
$271,977
Outstanding Balance
$217,406
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$335,879

Purchase Details

Closed on
Dec 3, 2014
Sold by
Covington Lake East Llc
Bought by
Lennar Carolinas Llc

Purchase Details

Closed on
Apr 28, 2006
Sold by
Covington Lake East Llc
Bought by
Fdc Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lookenbill Alen L $297,000 --
Lennar Carolinas Llc $1,350,000 --
Fdc Llc $3,135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lookenbill Alen L $271,977
Closed Lookenbill Alen L $271,977
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2016 03/31/16 Sold $297,000 -10.5% $118 / Sq Ft
03/05/2016 03/05/16 Pending -- -- --
05/06/2015 05/06/15 For Sale $332,015 -- $132 / 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 $1,515 $21,037 $4,600 $16,437
2023 $1,515 $13,483 $2,118 $11,365
2021 $1,365 $15,854 $2,118 $13,736
2020 $1,217 $15,854 $2,118 $13,736
2019 $1,217 $15,854 $2,118 $13,736
2018 $0 $11,724 $2,376 $9,348
2017 $1,080 $11,724 $2,376 $9,348
2016 -- $12,701 $1,817 $10,884
2015 $587 $2,726 $2,726 $0
2014 $90 $2,050 $2,050 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1509310

Coastal Carolinas Association of REALTORS®

APN: 39816030120