NOT LISTED FOR SALE

206 54th Ave N North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $1,358,000 - $2,690,000

8 Beds
4 Baths
3,001 Sq Ft
$674/Sq Ft Est. Value

Last Sold August 21, 2018

Last sale price $240,000 $80 Per Sq Ft

Est. 743% increase in value since last sale

Current estimated payment $11,784/month

699 Days on Market

About This Home

As of August 2018

Great investment opportunity in Cherry Grove. This three story QUAD has four two bedroom unit. It is only 1 block from the beach and ocean. The lot size is .17 acre.

Last Agent to Sell the Property

John Lindstrand

Century 21 The Harrelson Group License #58311 Listed on: 08/09/2016

Century 21 The Harrelson Group

Last Buyer's Agent

Kyle Hawley

Dunes Realty Sales License #93774

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,147

Year Built

  • Built in 1977

Lot Details

  • 7,405

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Wood Frame Construction
  • Siding

Interior Spaces

  • 3,001 Sq Ft Home
  • Crawl Space

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • 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

$13,147

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed
  • Estimated Year Built: 1977
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 08/09/2016
  • Sold Total Heated Sq Ft: 3001
  • Sold Total Sq Ft: 3100
  • Total Heated Sq Ft: 3001
  • Two Bedroom Rent Range: 850
  • Estimated Gross Scheduled Rent: $40,800
  • Estimated Operating Expense: $15,857
  • Number2 Br Units: 4
  • Safety Features: Lead Based Paint Disc.
  • Utilities Owner Pays: Trash
  • Geo Subdivision: SC
  • Section Subdivision: Cherry Grove Beach
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Total Sq Ft: 3100

Exterior Features

  • Exterior Finish: Siding, Wood Frame
  • Foundation: Crawl

Garage/Parking

  • Type: Quad
  • Parking: 2 Car Unit

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Underground Utilities, Water Public
  • Heating Cooling: Electric, Window/Wall Unit

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
  • 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

Closed on
May 20, 2019
Sold by
Ktad Holdings Llc
Bought by
Ktad 206 Holding Llc
Current Estimated Value
$2,024,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,570,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2016
Closed on
Aug 21, 2018
Sold by
Coulter Rebecca Tr
Bought by
Ktad Holdings Llc
Seller's Agent
John Lindstrand
Century 21 The Harrelson Group
Buyer's Agent
Kyle Hawley
Dunes Realty Sales
List Price
$375,000
Sold Price
$240,000
Premium/Discount to List
-$135,000
-36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.72%

Purchase Details

Closed on
Jun 4, 2015
Sold by
Estate Of Alton H Thigpen
Bought by
Alton H Thigpen Family Trust and Alton H Thigpen Marital Trust
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
Ktad 206 Holding Llc -- --
Ktad Holdings Llc $240,000 --
Alton H Thigpen Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ktad 206 Holding Llc $2,570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2018 08/21/18 Sold $240,000 -4.0% $80 / Sq Ft
07/03/2018 07/03/18 Price Changed $249,900 0.0% $83 / Sq Ft
06/14/2018 06/14/18 Price Changed $249,999 -16.4% $83 / Sq Ft
05/07/2018 05/07/18 Price Changed $299,000 -6.5% $100 / Sq Ft
02/27/2018 02/27/18 Price Changed $319,900 -14.7% $107 / Sq Ft
08/09/2016 08/09/16 For Sale $375,000 -- $125 / 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 $13,147 $114,079 $27,000 $87,079
2023 $13,147 $52,880 $13,802 $39,078
2021 $11,967 $52,880 $13,802 $39,078
2020 $11,835 $52,880 $13,802 $39,078
2019 $4,560 $13,802 $13,802 $0
2018 $4,626 $20,216 $12,002 $8,214
2017 $4,586 $20,216 $12,002 $8,214
2016 -- $20,216 $12,002 $8,214
2015 $3,898 $20,216 $12,002 $8,214
2014 $3,773 $20,216 $12,002 $8,214
Source: Public Records

Agents Affiliated with this Home

  • John Lindstrand

    Seller's Agent in 2018

    John Lindstrand

    Century 21 The Harrelson Group

    (843) 902-8980

    1 in this area

    62 Total Sales

    John Lindstrand
    Section Image
  • Kyle Hawley

    Buyer's Agent in 2018

    Kyle Hawley

    Dunes Realty Sales

    (843) 241-8684

    2 in this area

    210 Total Sales

    Kyle Hawley
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1616214

Coastal Carolinas Association of REALTORS®

APN: 35209030360

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

206 54th Ave N, North Myrtle Beach, SC

This home is located at 206 54th Ave N, North Myrtle Beach, SC 29582 since 09 August 2016 and is currently estimated at $2,024,000, approximately $674 per square foot. This property was built in 1977. 206 54th 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.

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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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