NOT LISTED FOR SALE

Estimated Value: $169,000 - $209,000

1 Bed
1 Bath
588 Sq Ft
$598/mo HOA Fee

Last Sold December 21, 2022

Last sale price $195,000 $332 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,856/month

59 Days on Market

Highlights

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

About This Home

As of December 2022

This gorgeous 1 bedroom and 1 full bath fully furnished direct ocean front condo is PRICED TO SELL! This condo comes with tons of upgrades such as crown molding, luxury wood vinyl floors, stainless steel appliances, granite countertops, updated kitchen cabinets and 2 new high end window units with AC sensor system and much more! This condo has 2 queen size beds in the front of the unit and a large living room and dining area with fantastic views of the beach from your private oversized curved balcony. This unit also comes with a full kitchen guaranteed to impress the chef of the home and this condo shows like a model. The Palms resort is located in the heart of Myrtle Beach and is just steps from the downtown area and is just a short drive to golf, restaurants, airport, entertainment and everything the Grand Strand has to offer. This resort comes with a fitness center, laundry room, indoor/outdoor pools and spas, kiddie pool and more. The Palms Resort is well maintained and is a boutique style building and is non-smoking and pet friendly to owners. The building is designed to only have 4 units on each floor which cuts down on foot traffic and noise and lots of the owners use their condos exclusively for themselves and family which makes for a very friendly atmosphere. The onsite rental desk is located in the north building and the resort has tons of parking across the street. The Palms resort is perfect for an investment property or second home and this unit is waiting for you.

Last Listed By

Jerry Pinkas Team

Jerry Pinkas R E Experts Listed on: 09/15/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,717

Year Built

  • Built in 1985

Lot Details

  • Ocean Front
  • Lawn

HOA Fees

  • $598 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Slab Foundation
  • Steel Siding

Interior Spaces

  • 588 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Combination Dining and Living Room
  • Luxury Vinyl Tile Flooring

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Stainless Steel Appliances
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Entry through bedroom
  • Single Vanity
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Balcony
  • Flood Zone Lot

Community Details

Overview

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

Amenities

  • Door to Door Trash Pickup
  • Clubhouse

Recreation

  • Community Indoor Pool

Pet Policy

  • Only Owners Allowed Pets

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,717

Year Built

Built in 1985

Lot Details

0

HOA Fees

$598 per month

Listing Details

  • Lot Description: Irregular, Designated Flood Zone
  • Unit Location: Oceanfront-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long 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: Luxury Vinyl Plank/Tile
  • HOA Fee Frequency: Quarterly
  • Heating And Cooling: Window/Wall Unit, Electric
  • Monthly HOA as Calculated: 598
  • HOA Management Company: Pinnacle-Anna-843-449-8103
  • Living Room Type: Ceiling Fan
  • Lvt Date: 09/15/2022
  • Sold Total Heated Sq Ft: 588
  • Sold Total Sq Ft: 625
  • Total Heated Sq Ft: 588
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Insulated Doors/Windows
  • Gross Annual Rental Incom: See Agent Remarks
  • HOA Fees include insurance: Yes
  • Project Section Code: Palms, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 08
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Smoke Detector, Enter Through Bedroom
  • Primary Bathroom: Vanity, Tub/Shower Combo
  • Kitchen Type: Refrigerator, Range, Oven, Microwave, Pantry, Range Hood, Stainless Steel Apps., Solid Surface Countertops
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 1
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 625

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric
  • 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, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, 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: AE

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
Sep 15, 2022
Closed on
Dec 15, 2022
Sold by
Nunus Place Llc
Bought by
Carr Torris Lee and Pepper Sevdalina Lachezarova
Seller's Agent
Jerry Pinkas Team
Jerry Pinkas R E Experts
Buyer's Agent
Sylvia Simpson
Watermark Real Estate Group
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%
Total Days on Market
59
Views
60
Current Estimated Value
$186,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,877
Avg. Annual Appreciation
-1.94%
Original Mortgage
$136,500
Outstanding Balance
$133,189
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$52,934

Purchase Details

Listed on
Feb 23, 2021
Closed on
Mar 29, 2021
Sold by
Mckinney Raeford E
Bought by
Nunus Place Llc
Seller's Agent
Traci Miles
CENTURY 21 Boling & Associates
Buyer's Agent
Jerry Pinkas Team
Jerry Pinkas R E Experts
List Price
$119,700
Sold Price
$115,000
Premium/Discount to List
-$4,700
-3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.70%

Purchase Details

Closed on
Mar 10, 2004
Sold by
Rozell Jeffery A
Bought by
Mckinney Raeford E and Mckinney Deborah P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
5.62%
Mortgage Type
Unknown

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
Carr Torris Lee $195,000 --
Nunus Place Llc $115,000 --
Mckinney Raeford E $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr Torris Lee $136,500
Previous Owner Mckinney Raeford E $65,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2022 12/21/22 Sold $195,000 -2.5% $332 / Sq Ft
09/15/2022 09/15/22 For Sale $199,900 +73.8% $340 / Sq Ft
03/29/2021 03/29/21 Sold $115,000 -3.9% $196 / Sq Ft
02/23/2021 02/23/21 For Sale $119,700 -- $204 / 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 $2,717 $7,350 $0 $7,350
2023 $2,717 $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 $0 $3,480 $0 $3,480
2015 -- $6,090 $0 $6,090
2014 $880 $3,480 $0 $3,480
Source: Public Records

Agents Affiliated with this Home

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Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2220944

Coastal Carolinas Association of REALTORS®

APN: 42411040183