NOT LISTED FOR SALE

The Oceans 2500 N Ocean Blvd Unit 407 North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $370,000 - $441,000

2 Beds
2 Baths
1,151 Sq Ft
$883/mo HOA Fee

Last Sold August 30, 2021

Last sale price $350,000 $304 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,394/month

Highlights

  • Ocean Front
  • Furnished
  • Community Pool
  • Ocean Drive Elementary School Rated A
  • Lawn
  • 4-minute walk to Cherry Grove Oceanfront Park

About This Home

As of August 2021

This "unique" beautifully remodeled ocean front unit is ready for you and your family to come enjoy. This unit has a convenience like only a few in the bldg & the only two bedroom with this advantage . Just walk out from your very very large balcony to your "private" pool entrance. Watch the sunrises & sunsets while enjoying the dolphins, the wonderful sounds of the ocean, & let those waves rock you to sleep. Location, location, location fits this unit/bldg to a tee. You can park your car & walk to great food at the nearby restaurants, shopping & two story grocery store within a few blocks. Or if you prefer, play a little putt putt having ice cream for dessert, play pool at MOTO's, go on the wind rides/banana boat rides offered 3 blocks away, fish off the CG pier, so many things to do here. What a great place to live, vacation, or invest your dollars in... Don't miss out on this spectacular units, views, BEACH, dancing/entertainment, LOCATION. Buyer is responsible for any and all measurements needed.

Last Agent to Sell the Property

Cine Hammett

Cine Properties, LLC License #12533 Listed on: 06/22/2021

Last Buyer's Agent

Clint Ayers

The Hoffman Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,929

Year Built

  • Built in 1985

Lot Details

  • Lawn

HOA Fees

  • $883 Monthly HOA Fees

Home Design

  • Entry on the 4th floor
  • Raised Foundation
  • Steel Siding

Interior Spaces

  • 1,151 Sq Ft Home
  • Furnished
  • Bar
  • Window Treatments
  • Family or Dining Combination
  • Luxury Vinyl Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Secured Garage or Parking

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • High Speed Internet
  • 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, legal and accounting, master antenna/cable TV, common maint/repair, electric in unit, internet access, pest control
  • High-Rise Condominium

Amenities

  • Elevator

Recreation

Pet Policy

  • Only Owners Allowed Pets

Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,929

Year Built

Built in 1985

Lot Details

0

HOA Fees

$883 per month

Listing Details

  • Lot Description: Rectangular, Designated Flood Zone
  • Unit Location: Oceanfront-Unit, Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Cable Tv, Internet Access, Lawn Maintenance
  • Estimated Year Built: 1985
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Family Rm Great Rm: Bar
  • Floor Cover: Luxury Vinyl Plank/Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air
  • Monthly HOA as Calculated: 883
  • HOA Management Company: WACCAMAW MGMT 843.314.0571
  • Lvt Date: 06/22/2021
  • Total Heated Sq Ft: 1151
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Oceanview-Building, Inside City Limits, East Of Bus 17, Island
  • Exterior Unit Features: Balcony, Elevator-Exterior, Storm Doors, Storm Windows
  • Gross Annual Rental Incom: 32,860.31 to date 6.21
  • HOA Fees include insurance: Yes
  • Project Section Code: Oceans, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 04
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Fire Sprinkler, Smoke Detector, Furnished, Enter Through Foyer
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Microwave, Pantry
  • Bedrooms: 2
  • Dining Room Type: Area, Fam/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 1201

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Raised Beach

Garage/Parking

  • Type: Condo
  • Parking: Under Bldg.

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Zoning: MF

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Aug 26, 2021
Sold by
Hatcher Richard Earl Jr Tr
Bought by
Wineland Kenneth and Wineland Barbara
Seller's Agent
Cine Hammett
Cine Properties, LLC
Buyer's Agent
Clint Ayers
The Hoffman Group
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$398,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,771
Avg. Annual Appreciation
3.12%

Purchase Details

Listed on
Jan 31, 2018
Closed on
Feb 19, 2018
Sold by
Carter Willie Terrell
Bought by
Hatcher Richard Earl Jr Tr and Reh Solo 401K Trust
Seller's Agent
Cine Hammett
Cine Properties, LLC
Buyer's Agent
Cine Hammett
Cine Properties, LLC
List Price
$190,000
Sold Price
$178,000
Premium/Discount to List
-$12,000
-6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.11%

Purchase Details

Listed on
Feb 1, 2013
Closed on
Aug 26, 2016
Sold by
Rizk Marlene B
Bought by
Carter Willie T and Carter Jeitie L
Seller's Agent
Cine Hammett
Cine Properties, LLC
Buyer's Agent
Jennifer Mullen
Realty ONE Group Dockside
List Price
$173,000
Sold Price
$155,000
Premium/Discount to List
-$18,000
-10.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%
Original Mortgage
$139,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2005
Sold by
Rizk Joseph
Bought by
Rizk Marlene B

Purchase Details

Closed on
Jun 10, 1998
Sold by
Ghassemieh Mohammad B and Ghassemieh Claudia S
Bought by
Rizk Joseph and Rizk Marlene B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wineland Kenneth $350,000 --
Hatcher Richard Earl Jr Tr $178,000 --
Carter Willie T $155,000 --
Rizk Marlene B -- None Available
Rizk Joseph $128,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carter Willie T $139,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2021 08/30/21 Sold $350,000 0.0% $304 / Sq Ft
06/22/2021 06/22/21 For Sale $350,000 +96.6% $304 / Sq Ft
02/18/2018 02/18/18 Sold $178,000 -6.3% $155 / Sq Ft View Prior Sale
01/31/2018 01/31/18 For Sale $190,000 +22.6% $165 / Sq Ft
08/29/2016 08/29/16 Sold $155,000 -10.4% $135 / Sq Ft View Prior Sale
07/31/2016 07/31/16 Pending -- -- --
02/01/2013 02/01/13 For Sale $173,000 -- $150 / 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 $4,929 $22,800 $0 $22,800
2023 $4,929 $18,270 $0 $18,270
2021 $5,241 $18,270 $0 $18,270
2020 $2,336 $18,270 $0 $18,270
2019 $2,254 $18,270 $0 $18,270
2018 $2,059 $15,750 $0 $15,750
2017 $2,041 $9,000 $0 $9,000
2016 $0 $9,600 $0 $9,600
2015 -- $16,800 $0 $16,800
2014 $2,089 $9,600 $0 $9,600
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Cine Hammett

    Cine Properties, LLC

    Section Image
  • Clint Ayers

    Buyer's Agent in 2021

    Clint Ayers

    The Hoffman Group

    (843) 283-7155

    13 in this area

    245 Total Sales

    Clint Ayers
    Section Image
  • Jennifer Mullen

    Buyer's Agent in 2016

    Jennifer Mullen

    Realty ONE Group Dockside

    (843) 446-2378

    1 in this area

    88 Total Sales

    Jennifer Mullen
    Section Image
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About The Oceans

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2113591

Coastal Carolinas Association of REALTORS®

APN: 35502010051

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

2500 N Ocean Blvd Unit 407, North Myrtle Beach, SC

Not Listed for Sale

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