NOT LISTED FOR SALE

2201 S Ocean Blvd Unit 1003 Paradise Resort Myrtle Beach, SC 29577

Estimated Value: $213,000 - $247,000

1 Bed
1 Bath
672 Sq Ft
$710/mo HOA Fee

Last Sold May 31, 2024

Last sale price $240,000 $357 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,195/month

174 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • Solid Surface Countertops
  • Community Indoor Pool
  • Lawn
  • Elevator

About This Home

As of May 2024

This oceanfront 1BR unit at Paradise Resort is fully furnished & features a full-size kitchen with flat top stove, refrigerator dishwasher and microwave. The unit also has a washer/dryer. Plenty of room for guests to sleep, 2 full size beds, murphy bed & pull-out sleeper sofa. Owners invested in new floorcovering and painting during the January 2024 offseason. This unit is generating established rental income through Paradise Resort’s on-site vacation rental management company. Amenities at Paradise Resort include indoor & outdoor pools, lazy river, hot tubs & exercise room. Sandal’s Café &Bar is an on-site restaurant serving breakfast, lunch & dinner. During the summer months there is a Tiki Hut outside by the pools. There is Ben & Jerry's Ice Cream Shop on location at Paradise Resort. Conveniently close to the Airport, Myrtle Beach State Park and all the attractions that make for a great family vacation destination.

Last Agent to Sell the Property

Bob Zeller

RE/MAX Southern Shores GC License #32201 Listed on: 10/27/2023

Last Buyer's Agent

Boyd Team

INNOVATE Real Estate

INNOVATE Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,363

Year Built

  • Built in 2006

Lot Details

  • Ocean Front
  • Lawn

HOA Fees

  • $710 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Steel Siding
  • Tile

Interior Spaces

  • 672 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Combination Dining and Living Room
  • Carpet
  • Washer and Dryer

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • Linen Closet
  • 1 Full Bathroom
  • Jetted Tub and Shower Combination in Primary Bathroom
  • Garden Bath

Outdoor Features

  • Balcony

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Middle School
  • Myrtle Beach High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, master antenna/cable TV, common maint/repair, electric in unit, internet access, pest control
  • High-Rise Condominium

Amenities

  • Door to Door Trash Pickup
  • Recycling
  • Elevator

Recreation

  • Community Indoor Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,363

Year Built

Built in 2006

Lot Details

0

HOA Fees

$710 per month

Listing Details

  • Unit Location: Oceanfront-Unit, Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance, Recycling Available, Lazy River, Pool-Indoor Community
  • Estimated Year Built: 2006
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 710
  • HOA Management Company: Ally Management, Inc. 843-497-3555
  • Living Room Type: Ceiling Fan
  • Lvt Date: 10/27/2023
  • Sold Total Heated Sq Ft: 672
  • Sold Total Sq Ft: 737
  • Total Heated Sq Ft: 672
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Oceanview-Building, Inside City Limits, East Of Bus 17, East Of Highway 17 Bypass
  • Exterior Unit Features: Balcony, Elevator-Exterior
  • Gross Annual Rental Incom: $43k-2021 ~ $35.5k-2022
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Paradise Resort
  • Rental Mgmt Contract: Yes
  • Which Floor: 10
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Dining Room: 5 x 5
  • Furnished: Yes
  • Interior Amenities: Washer/Dryer, Wshr/Dryer Connection
  • Kitchen: 7 x 11
  • Living Room: 14 x 13
  • Master Bedroom: 16.5 x 11
  • Primary Bathroom: Shower, Garden Tub, Tub/Shower Combo
  • Kitchen Type: Dishwasher, Refrigerator, Range, Microwave, Solid Surface Countertops
  • Master Bedroom Type: Ceiling Fan, Linen Closet
  • Bedrooms: 1
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 737

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public

Condo/Co-op/Association

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

Schools

  • Elementary School: Myrtle Beach Elementary School
  • Middle School: Myrtle Beach Middle School
  • High School: Myrtle Beach High School

Lot Info

  • Zoning: City of MB

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Jun 4, 2024
Sold by
Koppe Christa I
Bought by
Cayton Jeffrey W
Seller's Agent
Bob Zeller
RE/MAX Southern Shores GC
Buyer's Agent
Boyd Team
INNOVATE Real Estate
List Price
$247,500
Sold Price
$240,000
Premium/Discount to List
-$7,500
-3.03%
Total Days on Market
174
Views
117
Current Estimated Value
$230,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,580
Avg. Annual Appreciation
-3.91%
Original Mortgage
$164,100
Outstanding Balance
$162,777
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$67,643

Purchase Details

Closed on
May 8, 2009
Sold by
Nelson James H
Bought by
Koppe Bernd O

Purchase Details

Closed on
Nov 27, 2006
Sold by
Paradise Resort Llc
Bought by
Nelson James H and Nelson Darryln A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,920
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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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
Cayton Jeffrey W $240,000 --
Koppe Bernd O $105,000 --
Nelson James H $239,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cayton Jeffrey W $164,100
Previous Owner Nelson James H $191,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $240,000 -3.0% $357 / Sq Ft
03/11/2024 03/11/24 Price Changed $247,475 0.0% $368 / Sq Ft
10/27/2023 10/27/23 For Sale $247,500 -- $368 / 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 $2,363 $14,700 $0 $14,700
2023 $2,363 $14,700 $0 $14,700
2021 $2,181 $14,700 $0 $14,700
2020 $2,080 $14,700 $0 $14,700
2019 $2,080 $14,700 $0 $14,700
2018 $0 $12,285 $0 $12,285
2017 $1,846 $12,285 $0 $12,285
2016 $0 $12,285 $0 $12,285
2015 -- $4,680 $0 $4,680
2014 $1,775 $4,680 $0 $4,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2321927

Coastal Carolinas Association of REALTORS®

APN: 44502010471