$895,000
$100K PRICE DROP

Estimated payment $5,666/month

Total Views 20,608
8 Beds
4 Baths
3,200 Sq Ft
$280 Price per Sq Ft

Highlights

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

About This Home

Investment Opportunity in Cherry Grove Beach – One of the ONLY Quad-Plex properties in the Cherry Grove Beach area just steps from the Ocean! Don’t miss your chance to own a unique Quad-Plex in the highly desirable Cherry Grove Beach area of North Myrtle Beach! Welcome to SeaView Cottages, a charming multi-unit property featuring four individual 2-bedroom, 1-bathroom units, each thoughtfully designed with a private kitchen, living area, and both front and back porches. With a proven rental history as a successful vacation property, this is a perfect house-hacking opportunity—live in one unit while renting out the other three to offset expenses! The property comes fully furnished and is equipped with smart technology to streamline short-term rentals. Recent upgrades include new mini-split HVAC systems in the lower two units for added efficiency. Best of all, public beach access is just steps away, allowing guests and tenants to enjoy the pristine shoreline with ease. Situated in the heart of historic Cherry Grove Beach, SeaView Cottages offers unbeatable access to charming local shops, renowned dining, and entertainment. Whether you're looking for a turnkey investment or a coastal retreat with rental income potential, this is a one-of-a-kind opportunity you won’t want to miss!

Listing Agent

Russell Auth

Century 21 Palms Realty License #122959 Listed on: 02/05/2024

Century 21 Palms Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,588

Year Built

  • Built in 1968

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • Ocean Views
  • 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

Overview

  • 4 Units
  • Seaview Cottages Condos

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,588

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Pet
  • Estimated Year Built: 1968
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 02/05/2024
  • Sold Total Heated Sq Ft: 3200
  • Sold Total Sq Ft: 4852
  • Total Heated Sq Ft: 3200
  • Complex Name: SeaView Cottages
  • Estimated Gross Scheduled Rent: 152816
  • Safety Features: Smoke/Heat Detector
  • Utilities Owner Pays: Electric, Water/Sewer, Trash
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Total Sq Ft: 4852

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 Heat, Central Air, 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, Oceanview
  • Zoning: RES

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,588 $44,345 $21,000 $23,345
2023 $9,588 $16,069 $9,600 $6,469
2021 $10,319 $18,564 $9,600 $8,964
2020 $3,596 $18,564 $9,600 $8,964
2019 $3,470 $18,564 $9,600 $8,964
2018 $0 $14,106 $9,000 $5,106
2017 $3,168 $14,106 $9,000 $5,106
2016 -- $14,106 $9,000 $5,106
2015 $3,140 $14,106 $9,000 $5,106
2014 $3,040 $14,106 $9,000 $5,106
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2025 02/05/25 Price Changed $895,000 -2.2% $280 / Sq Ft
11/30/2024 11/30/24 Price Changed $915,000 -1.1% $286 / Sq Ft
10/14/2024 10/14/24 Price Changed $924,999 -3.6% $289 / Sq Ft
02/29/2024 02/29/24 Price Changed $960,000 -2.0% $300 / Sq Ft
02/15/2024 02/15/24 Price Changed $980,000 -1.5% $306 / Sq Ft
02/05/2024 02/05/24 For Sale $995,000 +24.4% $311 / Sq Ft
12/16/2022 12/16/22 Sold $800,000 -3.0% $250 / Sq Ft
08/02/2022 08/02/22 Price Changed $824,999 -1.8% $258 / Sq Ft
07/22/2022 07/22/22 Price Changed $839,999 -2.3% $262 / Sq Ft
07/15/2022 07/15/22 Price Changed $859,999 -4.4% $269 / Sq Ft
06/29/2022 06/29/22 For Sale $899,999 +19.2% $281 / Sq Ft
11/15/2021 11/15/21 Sold $755,000 +0.7% $236 / Sq Ft
09/29/2021 09/29/21 For Sale $750,000 -- $234 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $800,000 --
Warranty Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 Mortgage Modification
Previous Owner $604,000 Commercial
Source: Public Records

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Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2402960

Coastal Carolinas Association of REALTORS®

APN: 35115030166