NOT LISTED FOR SALE

203 56th Ave N North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $617,230 - $1,010,000

8 Beds
5 Baths
2,800 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $405,000 $145 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,652/month

267 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ocean Drive Elementary School Rated A
  • Rectangular Lot

About This Home

As of June 2020

MONEY MAKER!!! This quadraplex is just steps from the beach has been refurbished and rents like a charm. Each unit features stove, refrigerator, dishwasher, washer and dryer and all but one unit comes partially furnished. Building is in great shape and is easy to maintain.

Last Agent to Sell the Property

Kemp Nash

Century 21 Coastal Lifestyles License #21294 Listed on: 09/26/2019

Century 21 Coastal Lifestyles

Co-Listed By

Linda Given

Century 21 Coastal Lifestyles License #11318

Last Buyer's Agent

Kemp Nash

Century 21 Coastal Lifestyles License #21294 Listed on: 09/26/2019

Century 21 Coastal Lifestyles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,058

Year Built

  • Built in 1960

Lot Details

  • 4,792

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • Crawl Space

Schools

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

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Additional Features

  • Rectangular Lot
  • East of US 17

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,058

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 62x78x63x77
  • Estimated Year Built: 1960
  • Class: Multi-Family
  • Lvt Date: 09/26/2019
  • Sold Total Heated Sq Ft: 2800
  • Sold Total Sq Ft: 3330
  • Total Heated Sq Ft: 2800
  • Two Bedroom Rent Range: $1100-$1300
  • Estimated Gross Scheduled Rent: 51,400
  • Misc Structural: Sep. Electric Meter
  • Number2 Br Units: 4
  • Safety Features: Lead Based Paint Disc., Smoke/Heat Detector
  • Utilities Owner Pays: Trash, Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Cherry Grove Beach
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Total Sq Ft: 3330

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Crawl

Garage/Parking

  • Type: Quad

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public
  • Heating Cooling: Central Air, Central Heat, Electric

Schools

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

Lot Info

  • Lot Location: East Of Bus. 17, Inside City Limits
  • Zoning: MF

Multi Family

  • Number Of Units: 4

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
Sep 26, 2019
Closed on
Jun 18, 2020
Sold by
Beach Haven Property Management Grp Llc
Bought by
Chacon Daniel
Seller's Agent
Kemp Nash
Century 21 Coastal Lifestyles
Buyer's Agent
Kemp Nash
Century 21 Coastal Lifestyles
List Price
$449,900
Sold Price
$405,000
Premium/Discount to List
-$44,900
-9.98%
Current Estimated Value
$785,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,308
Avg. Annual Appreciation
10.77%
Original Mortgage
$303,750
Outstanding Balance
$272,792
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$421,542

Purchase Details

Listed on
Apr 12, 2016
Closed on
Oct 14, 2016
Sold by
Mcneill Richard R
Bought by
Beach Haven Prop Mgmt Group Ll
Seller's Agent
John Dukes
Blue Strand Real Estate Group
Buyer's Agent
Kemp Nash
Century 21 Coastal Lifestyles
List Price
$399,900
Sold Price
$365,000
Premium/Discount to List
-$34,900
-8.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%

Purchase Details

Closed on
Aug 2, 2005
Sold by
Key Randy L and Key Rita M
Bought by
Mcneill Richard R and Mcneill Melanie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2004
Sold by
Journigan Willie Herbert and Journigan Cynthia Lou
Bought by
Mcneill Richard R and Mcneill Melanie C
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
Chacon Daniel $405,000 --
Beach Haven Prop Mgmt Group Ll $365,000 --
Mcneill Richard R $130,000 --
Mcneill Richard R $93,333 --
Mcneill Richard R $93,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chacon Daniel $303,750
Previous Owner Mcneill Richard R $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2020 06/19/20 Sold $405,000 -3.5% $145 / Sq Ft
03/11/2020 03/11/20 Price Changed $419,900 -2.3% $150 / Sq Ft
02/19/2020 02/19/20 Price Changed $429,900 -2.3% $154 / Sq Ft
10/25/2019 10/25/19 Price Changed $439,900 -2.2% $157 / Sq Ft
09/26/2019 09/26/19 For Sale $449,900 +23.3% $161 / Sq Ft
10/14/2016 10/14/16 Sold $365,000 0.0% $130 / Sq Ft
10/14/2016 10/14/16 Sold $365,000 -8.7% $130 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
09/15/2016 09/15/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $399,900 0.0% $143 / Sq Ft
03/04/2016 03/04/16 For Sale $399,900 -- $143 / 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 $6,058 $30,238 $20,000 $10,238
2023 $6,058 $24,364 $15,082 $9,282
2021 $5,513 $16,243 $10,055 $6,188
2020 $5,602 $16,772 $10,584 $6,188
2019 $5,404 $44,027 $27,783 $16,244
2018 $0 $38,084 $19,845 $18,239
2017 $0 $21,762 $11,340 $10,422
2016 -- $19,830 $11,340 $8,490
2015 $4,242 $19,830 $11,340 $8,490
2014 $4,106 $19,830 $11,340 $8,490
Source: Public Records

Agents Affiliated with this Home

  • Kemp Nash

    Seller's Agent in 2020

    Kemp Nash

    Century 21 Coastal Lifestyles

    (843) 222-8798

    17 in this area

    137 Total Sales

    Kemp Nash
    Section Image
  • Linda Given

    Seller Co-Listing Agent in 2020

    Linda Given

    Century 21 Coastal Lifestyles

    (843) 457-6765

    11 in this area

    85 Total Sales

    Linda Given
    Section Image
  • John Dukes

    Seller's Agent in 2016

    John Dukes

    Blue Strand Real Estate Group

    (828) 217-2084

    12 in this area

    128 Total Sales

    John Dukes
    Section Image
  • Michael Brisson

    Seller Co-Listing Agent in 2016

    Michael Brisson

    Blue Strand Real Estate Group

    (910) 988-8008

    17 in this area

    231 Total Sales

    Michael Brisson
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1920757

Coastal Carolinas Association of REALTORS®

APN: 35209030331

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

203 56th Ave N, North Myrtle Beach, SC

This home is located at 203 56th Ave N, North Myrtle Beach, SC 29582 since 26 September 2019 and is currently estimated at $785,308, approximately $280 per square foot. This property was built in 1960. 203 56th Ave N is a home located in Horry County with nearby schools including Ocean Drive Elementary School, North Myrtle Beach Middle School, and North Myrtle Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Coastal Carolinas Association of REALTORS® Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.

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