$52,000
SOLD NOV 28, 2018

2012 Potomac Ct Myrtle Beach, SC 29579

0.35 Acre
$148,571 Price per Acre
15,246 Sq Ft Lot

Recently Sold

10% Below List Price

216 Days on Market

Highlights

  • Lake On Lot
  • Gated Community
  • Cul-De-Sac
  • Carolina Forest Elementary School Rated A-
  • Community Pool

About This Lot

As of May 2023

Extra large .31 acre lot located on a pond in gated community with community pool! Homes are all brick or stucco. No timeframe to build! We have custom home builders that can meet with your buyer to give a estimate to build their dream home. They can use our plans or bring their own. Plans must be approved by ARB. Minimum 1800 square feet. Don't miss this great location in sought after Covington Lakes East!

Last Agent to Sell the Property

Andrea Jones

Realty ONE Group Dockside License #84358 Listed on: 03/26/2018

Realty ONE Group Dockside

Last Buyer's Agent

Sharon Wright

Wright Realty and Builders, In License #31921

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,000

Lot Details

  • 0.35 Acre Lot
  • Cul-De-Sac

HOA Fees

  • $41 Monthly HOA Fees

Schools

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

Additional Features

  • Outside City Limits
  • Phone Available

Community Details

Recreation

  • Community Pool
  • Lake On Lot

Additional Features

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$7,000

Lot Details

0

HOA Fees

$41 per month

Listing Details

  • Lot Description: Cul-De-Sac
  • Four Sided Lot Measurement: 42x12x130x95x95x130
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Pool-Outdoor Community, Gated Community
  • Class: Land
  • HOA Fee Frequency: Monthly
  • HOA Management Company: 843-839-4100 x3 Rebecca
  • Lvt Date: 03/26/2018
  • Estm Road Frontage: 54
  • Monthly HOA Calculated: 41
  • Residence: Land Only
  • Road Access: Private Only
  • Road Surface: Blacktop
  • Utilities To Site: Electricity, Gas, Phone, Sewer, Tv Cable, Underground, Water
  • Geo Subdivision: SC
  • Section Subdivision: Covington Lake East
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 0.35

Garage/Parking

  • Type: Residential Lot

Utilities

  • Sewer: Public
  • Water: Public

Schools

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

Lot Info

  • Lot Location: Outside City Limits, On Lake/Pond
  • 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
Mar 10, 2023
Closed on
May 5, 2023
Sold by
Franks William D
Bought by
Doyle James J and Doyle Susan M
Seller's Agent
Stacey Campbell
RE/MAX Southern Shores
Buyer's Agent
Stacey Campbell
RE/MAX Southern Shores
List Price
$595,000
Sold Price
$595,000
Current Estimated Value
$605,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,655
Avg. Annual Appreciation
0.82%
Original Mortgage
$476,000
Outstanding Balance
$464,119
Interest Rate
5.83%
Mortgage Type
New Conventional
Estimated Equity
$141,756

Purchase Details

Listed on
Mar 26, 2018
Closed on
Nov 28, 2018
Sold by
Norris David W
Bought by
Franks William D and Franks Lynne A
Seller's Agent
Andrea Jones
Realty ONE Group Dockside
Buyer's Agent
Sharon Wright
Wright Realty and Builders, In
List Price
$58,000
Sold Price
$52,000
Premium/Discount to List
-$6,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.93%
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 Type Sale Price Title Company
Warranty Deed $595,000 --
Warranty Deed $52,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $476,000 New Conventional
Previous Owner $98,900 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2023 05/09/23 Sold $595,000 0.0% $217 / Sq Ft
03/10/2023 03/10/23 For Sale $595,000 +1044.2% $217 / Sq Ft
11/28/2018 11/28/18 Sold $52,000 -10.3% --
04/12/2018 04/12/18 Price Changed $57,999 0.0% --
03/26/2018 03/26/18 For Sale $58,000 -- --
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 $7,000 $12,124 $2,080 $10,044
2023 $7,000 $12,124 $2,080 $10,044
2021 $1,236 $12,124 $2,080 $10,044
2020 $1,099 $12,124 $2,080 $10,044
2019 $190 $2,080 $2,080 $0
2018 $0 $2,480 $2,480 $0
2017 $0 $2,480 $2,480 $0
2016 $0 $2,480 $2,480 $0
2015 -- $2,481 $2,481 $0
2014 $516 $2,481 $2,481 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1806488

Coastal Carolinas Association of REALTORS®

APN: 41801020025