$160,000
SOLD MAY 15, 2023
1 Bed
1 Bath
400 Sq Ft
$300/mo HOA Fee

Recently Sold

$400 Per Sq Ft

5% Below List Price

2 Days on Market

Highlights

  • Unit is on the top floor
  • Corner Lot
  • Community Pool
  • Ocean Drive Elementary School Rated A
  • Furnished
  • Front Porch

About This Home

As of May 2023

This charming low-rise former motel has been converted into condos, and you won't find another unit quite like this one. Enjoy the breeze and soak in the beautiful view of the ocean from the expansive front porch area, which is perfect for entertaining and relaxing. This is a second-floor unit and it’s being sold partially furnished, making it easy to move in and get settled. Inside, the unit is cozy and well-appointed, with a private bedroom area and a full kitchen. The bedroom is the perfect place to retreat after a long day at the beach, and the sleeper sofa in the living area can accommodate additional guests. In total, the unit can comfortably sleep 4 people. The full bathroom features coastal blue tile, which adds to the beach vibe throughout the property. This unit is well-maintained and used as a second home so it's move-in ready. Short and long term rentals are allowed in this building, so you have the option to use it as a rental property or your own personal beach getaway. Low HOA and the community pool is an added bonus and perfect for those hot summer days. Recent improvements include a new roof (2022), handrails, and the pool was resealed. Other improvements will be completed soon including vinyl siding for the building (will be light gray with white trim), fresh paint, and new stairs. The assessment for this work has already been paid. This condo has a new heating/cooling wall unit. This location offers direct access to all of the attractions, entertainment, and amenities of North Myrtle Beach including Cherry Grove Pier, Main St, Barefoot Landing, area golf courses, and an abundance of great shopping and dining. Local highways (17, 22, 31, and 9) will take you directly to Myrtle Beach, Conway, Calabash, and more. HOA information has been provided to the best of our ability. All information should be verified and approved by the buyer. Square footage is approximate and not guaranteed. The buyer is responsible for verification.

Last Agent to Sell the Property

Brittany Foy Associates

Foy Realty Listed on: 04/06/2023

Last Buyer's Agent

Kristen Lundy

RE/MAX Southern Shores NMB License #120282

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,972

Year Built

  • Built in 1950

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Wood Frame Construction
  • Tile
  • Lead Paint Disclosure

Interior Spaces

  • 400 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Dining Area
  • Laminate Flooring
  • Range

Bedrooms and Bathrooms

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

Home Security

Outdoor Features

  • Front Porch

Location

  • Unit is on the top floor
  • Flood Zone Lot

Schools

  • Ocean Drive Elementary School
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, pool service, landscape/lawn, insurance, master antenna/cable TV, common maint/repair, internet access, pest control
  • Low-Rise Condominium
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Community Pool

Pet Policy

  • Only Owners Allowed Pets

Additional Features

  • Door to Door Trash Pickup
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,972

Year Built

Built in 1950

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Lot Description: Corner, Designated Flood Zone
  • Unit Location: Oceanview-Unit, Top Floor
  • Amenities Available: Pool-Outdoor Community, Restrictions, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart
  • Estimated Year Built: 1950
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Tile, Wood, Laminate
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Window/Wall Unit
  • Monthly HOA as Calculated: 300
  • HOA Management Company: Carolyn Oxadine 910-733-9176
  • Living Room Type: Ceiling Fan
  • Lvt Date: 04/06/2023
  • Sold Total Heated Sq Ft: 400
  • Sold Total Sq Ft: 400
  • Total Heated Sq Ft: 400
  • Building Style: Low-Rise 2-3 Stories
  • Building Location: Oceanview-Building, Inside City Limits, East Of Bus 17, Second Row Beach, East Of Highway 17 Bypass
  • Exterior Unit Features: Front Porch, Storm Doors
  • HOA Fees include insurance: Yes
  • Project Section Code: Cherry Bay Condos
  • Which Floor: 02
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1950

Interior Features

  • Furnished: Yes
  • Interior Amenities: Furnished, Lead Based Paint Disc.
  • Primary Bathroom: Tub/Shower Combo
  • Kitchen Type: Refrigerator, Range
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 1
  • Dining Room Type: Area
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 400

Exterior Features

  • Exterior Finish: Wood Frame

Garage/Parking

  • Type: Condo
  • Parking: Assigned

Utilities

  • Water Heater: Electric
  • Utilities Available: Sewer, Water Public

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Pool Service, Landscape/Lawn, Insurance, Master Antenna/Cable Tv, Common Maint/Repair, Internet Access, Pest Control

Schools

  • Elementary School: Ocean Drive Elementary
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Zoning: MF

MLS Schools

  • Elementary School: Ocean Drive Elementary
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 8, 2023
Sold by
Holtsclaw Timothy
Bought by
Obrien Frederick G
Seller's Agent
Brittany Foy Associates
Foy Realty
Buyer's Agent
Kristen Lundy
RE/MAX Southern Shores NMB
List Price
$169,000
Sold Price
$160,000
Premium/Discount to List
-$9,000
-5.33%
Views
43
Current Estimated Value
$161,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,247
Avg. Annual Appreciation
0.39%
Original Mortgage
$112,500
Outstanding Balance
$109,908
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$51,470

Purchase Details

Listed on
Apr 30, 2019
Closed on
Feb 19, 2020
Sold by
Ferrara Stephen J
Bought by
Holtsclaw Timothy
Seller's Agent
Patty Cox
CENTURY 21 Thomas
Buyer's Agent
Leah Haywood
BH & G Elliott Coastal Living
List Price
$115,000
Sold Price
$88,500
Premium/Discount to List
-$26,500
-23.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.12%
Original Mortgage
$88,500
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2004
Sold by
Roberts & Allen Development Co Llc
Bought by
Ferrara Stephen J and Ferrara Jacqueline
Source: Public Records

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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 $160,000 --
Warranty Deed $88,500 --
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $112,500 New Conventional
Previous Owner $88,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $160,000 -5.3% $400 / Sq Ft
04/06/2023 04/06/23 For Sale $169,000 +91.0% $423 / Sq Ft
02/20/2020 02/20/20 Sold $88,500 -11.5% $197 / Sq Ft
10/26/2019 10/26/19 Price Changed $100,000 -9.1% $222 / Sq Ft
09/28/2019 09/28/19 Price Changed $110,000 -4.3% $244 / Sq Ft
04/30/2019 04/30/19 For Sale $115,000 -- $256 / 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 $1,972 $8,925 $0 $8,925
2023 $1,972 $8,925 $0 $8,925
2021 $1,154 $8,925 $0 $8,925
2020 $1,128 $10,290 $0 $10,290
2019 $1,088 $10,290 $0 $10,290
2018 $0 $7,665 $0 $7,665
2017 -- $4,380 $0 $4,380
2016 -- $4,380 $0 $4,380
2015 $985 $7,665 $0 $7,665
2014 $953 $4,380 $0 $4,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2306530

Coastal Carolinas Association of REALTORS®

APN: 35502020017