$45,000
SOLD MAR 18, 2016
1 Bed
1 Bath
551 Sq Ft
$512/mo HOA Fee

Recently Sold

$82 Per Sq Ft

10% Below List Price

54 Days on Market

Highlights

  • Ocean Front
  • Clubhouse
  • Furnished
  • Private Pool
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Lawn

About This Home

As of August 2022

Must see this spacious, 1 bedroom, 1 bath oceanfront, first floor unit in The Palms! This unit features 2 queen beds in the bedroom, a full kitchen with new refrigerator, newer furnishings and carpet, and amazing views from the 15'x11' deck! Come enjoy the sights and sounds of the ocean with your morning coffee or an evening cocktail on the deck while feeling like you're right on the beach. Along with this fantastic unit, the well-kept Palms Resort offers indoor and outdoor pools, hot tub/spa, fitness center, and a walk-way to the beach and beautiful Atlantic Ocean! the Palms is conveniently located near all of the shopping, dining, entertainment, golf, and everything the beach has to offer. Whether a second, vacation home, or an investment property, this is the place to be. Don't miss this one!

Last Agent to Sell the Property

Jill Lindstrand

EXP Realty LLC License #64299 Listed on: 01/07/2016

EXP Realty LLC

Last Buyer's Agent

Michael Costello

Sea and Sand Realty License #49338

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1985

Lot Details

  • Ocean Front
  • Lawn

HOA Fees

  • $512 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Steel Siding

Interior Spaces

  • 551 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Combination Dining and Living Room

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Single Vanity
  • Soaking Tub and Shower Combination in Primary Bathroom

Home Security

Pool

  • Private Pool
  • Spa

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Central Air
  • Underground Utilities
  • Water Heater
  • 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, security, rec. facilities, legal and accounting, master antenna/cable TV, common maint/repair, internet access
  • High-Rise Condominium

Amenities

  • Door to Door Trash Pickup
  • Clubhouse
  • Elevator

Recreation

  • Community Indoor Pool

Additional Features

  • Security
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1985

Lot Details

0

HOA Fees

$512 per month

Listing Details

  • Lot Description: Designated Flood Zone
  • Unit Location: Oceanfront-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Security, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance, Pool-Indoor Community
  • Estimated Year Built: 1985
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Vinyl
  • HOA Fee Frequency: Quarterly
  • Heating And Cooling: Central Air, Electric
  • Monthly HOA as Calculated: 512
  • HOA Management Company: PINNACLE 843-449-8103
  • Living Room Type: Ceiling Fan
  • Lvt Date: 01/07/2016
  • Sold Total Heated Sq Ft: 551
  • Sold Total Sq Ft: 601
  • Total Heated Sq Ft: 551
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Pool-Outdoor Private, Elevator-Exterior, Insulated Doors/Windows, Pool-Indoor Private, Spa/Hot Tub
  • Gross Annual Rental Incom: $12,000
  • HOA Fees include insurance: Yes
  • Project Section Code: Palms, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 01
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Smoke Detector, Furnished
  • Primary Bathroom: Shower, Tub, Vanity
  • Kitchen Type: Refrigerator, Range, Oven, Microwave
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 1
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 601

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Underground Utilities

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Internet Access

Schools

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

Lot Info

  • Zoning: MF

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
May 25, 2022
Closed on
Aug 16, 2022
Sold by
Bishop Justin T
Bought by
Abdelkarim Husnia and Abdelkarim Reda
Seller's Agent
Kim Shelley
RE/MAX Southern Shores NMB
Buyer's Agent
John Ebbert
EXP Realty LLC
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
Total Days on Market
54
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.70%

Purchase Details

Listed on
Aug 26, 2021
Closed on
Sep 24, 2021
Sold by
Porter David Marshall
Bought by
Bishop Justin Tyler and Bishop Taylor Murray
Seller's Agent
The Britt Page Group
Real Estate By The Sea
Buyer's Agent
Tracie Ross
Tracie Ross Real Estate
List Price
$117,999
Sold Price
$113,500
Premium/Discount to List
-$4,499
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.26%

Purchase Details

Listed on
Jan 7, 2016
Closed on
Mar 17, 2016
Sold by
Goulet Raymond
Bought by
Porter David M and Porter Paulette A
Seller's Agent
Jill Lindstrand
EXP Realty LLC
Buyer's Agent
Michael Costello
Sea and Sand Realty
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.25%

Purchase Details

Listed on
Jan 31, 2012
Closed on
Jun 6, 2012
Sold by
First Reliance Bank
Bought by
Goulet Raymond
Seller's Agent
Jan Buess
CB Sea Coast Advantage MI
Buyer's Agent
Jill Lindstrand
EXP Realty LLC
List Price
$61,900
Sold Price
$55,000
Premium/Discount to List
-$6,900
-11.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.17%

Purchase Details

Closed on
Aug 23, 2011
Sold by
Grady Harry Paul
Bought by
First Reliance Bank

Purchase Details

Closed on
Mar 23, 2006
Sold by
Dankmeyer Daniel J and Dankmeyer Barbara J
Bought by
Grady Harry Paul

Purchase Details

Closed on
Mar 9, 2005
Sold by
Whitmire James H and Whitmire Betty S
Bought by
Dankmeyer Daniel J and Dankmeyer Barbara J

Purchase Details

Closed on
Mar 5, 2004
Sold by
Hovatter Connie C
Bought by
Whitmire James H and Whitmire Betty S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 24, 2001
Sold by
Crews Rowan D and Crews Louise S
Bought by
Hovatter Connie C
Source: Public Records

Similar Homes in Myrtle Beach, SC

  • 5001 Little River Rd Unit E115, Myrtle Beach, SC 29577

    $45,000

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • 5001 Little River Rd
    • Unit E115
    • Myrtle Beach, SC

    Covenant Towers is a fabulous 55 and older independent community with the lifestyle that is deserving of a king or queen. Enjoy the lovely grounds, outdoor pool, onsite beauty salon, exercise room, library, coffee shop, book swap, plus many activity areas. Also include the billiard room, bingo room, computer room, theatre, and beautiful lounge area to the list. HOA fee covers most everything to

    Mike Hill Grand Strand Homes & Land

    Section Image
  • 5001 Little River Rd Unit W-101, Myrtle Beach, SC 29577

    $35,000

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • 5001 Little River Rd
    • Unit W-101
    • Myrtle Beach, SC

    Covenant Towers is a 55 and older fantastic Retirement Community located on 9 acres surrounded by established neighborhoods and adjacent to the legendary Pine Lakes Country Club golf course. Enjoy the lovely grounds, pool, onsite beauty salon, exercise room, library, coffee shop, "book swap", plus many activity areas..billiard room, bingo room, computer room, Theatre, and beautiful lounge area.

    Jackie Carpenter CB Sea Coast Advantage CF

    Section Image
  • 5001 Little River Rd Unit E-410, Myrtle Beach, SC 29577

    $49,900

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • 5001 Little River Rd
    • Unit E-410
    • Myrtle Beach, SC

    Covenant Towers is a 55 and older fantastic Retirement Community located on 9 acres surrounded by established neighborhoods and adjacent to the legendary Pine Lakes Country Club golf course. Enjoy the lovely grounds, pool, onsite beauty salon, exercise room, library, coffee shop, "book swap", plus many activity areas..billiard room, bingo room, computer room, Theatre, and beautiful lounge area.

    Jackie Carpenter CB Sea Coast Advantage CF

    Section Image
  • 5001 Little River Rd Unit E-312, Myrtle Beach, SC 29577

    $49,000

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • 5001 Little River Rd
    • Unit E-312
    • Myrtle Beach, SC

    Covenant Towers is a 55 and older fantastic Retirement Community located on 9 acres surrounded by established neighborhoods and adjacent to the legendary Pine Lakes Country Club golf course. Enjoy the lovely grounds, pool, onsite beauty salon, exercise room, library, coffee shop, "book swap", plus many activity areas..billiard room, bingo room, computer room, Theatre, and beautiful lounge area.

    Jackie Carpenter CB Sea Coast Advantage CF

    Section Image
  • 5001 Little River Rd Unit W-402, Myrtle Beach, SC 29577

    $37,000

    • 2 Beds
    • 2 Baths
    • 1,000 Sq Ft
    • 5001 Little River Rd
    • Unit W-402
    • Myrtle Beach, SC

    Covenant Towers is a 55 and older fantastic Retirement Community located on 9 acres surrounded by established neighborhoods and adjacent to the legendary Pine Lakes Country Club golf course. Enjoy the lovely grounds, pool, onsite beauty salon, exercise room, library, coffee shop, "book swap", plus many activity areas..billiard room, bingo room, computer room, Theatre, and beautiful lounge area.

    Jackie Carpenter CB Sea Coast Advantage CF

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $135,000 --
Warranty Deed $113,500 --
Warranty Deed $45,000 --
Deed $55,000 --
Deed -- --
Deed $175,000 None Available
Deed $115,000 --
Warranty Deed $67,000 --
Deed $52,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $53,600 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 For Sale $159,500 +18.1% $271 / Sq Ft
08/17/2022 08/17/22 Sold $135,000 -6.8% $230 / Sq Ft
06/19/2022 06/19/22 Price Changed $144,900 -3.3% $246 / Sq Ft
05/25/2022 05/25/22 For Sale $149,900 +32.1% $255 / Sq Ft
09/24/2021 09/24/21 Sold $113,500 -3.8% $193 / Sq Ft
08/26/2021 08/26/21 For Sale $117,999 +162.2% $201 / Sq Ft
03/18/2016 03/18/16 Sold $45,000 -9.8% $82 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $49,900 -9.3% $91 / Sq Ft
06/08/2012 06/08/12 Sold $55,000 -11.1% $99 / Sq Ft
05/21/2012 05/21/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $61,900 -- $111 / 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 -- $7,350 $0 $7,350
2023 $2,295 $7,350 $0 $7,350
2021 $1,864 $7,350 $0 $7,350
2020 $1,031 $7,350 $0 $7,350
2019 $1,031 $7,350 $0 $7,350
2018 $0 $6,090 $0 $6,090
2017 $915 $3,480 $0 $3,480
2016 -- $3,480 $0 $3,480
2015 $905 $6,090 $0 $6,090
2014 $880 $3,480 $0 $3,480
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1600316

Coastal Carolinas Association of REALTORS®

APN: 42411040174