NOT LISTED FOR SALE

2506 S Ocean Blvd Unit 202 Myrtle Beach, SC 29577

Estimated Value: $87,605 - $118,000

1 Bed
1 Bath
425 Sq Ft
$273/mo HOA Fee

Last Sold August 05, 2016

Last sale price $20,000 $47 Per Sq Ft

Est. 428% increase in value since last sale

Current estimated payment $895/month

39 Days on Market

About This Home

As of August 2016

Most affordable investment opportunity in Myrtle Beach with a great income return. Across the street from the beautiful Atlantic Ocean right on Ocean Blvd. Have you ever wanted a place to start investing money with a great return but didn't want to start too big? or perhaps you have room in your investment portfolio for one more small investment with a great return? This is it!!!

Last Agent to Sell the Property

Nancy Johnson

Realty ONE Group DocksideSouth License #77743 Listed on: 06/09/2016

Realty ONE Group DocksideSouth

Last Buyer's Agent

Nancy Johnson

Realty ONE Group DocksideSouth License #77743 Listed on: 06/09/2016

Realty ONE Group DocksideSouth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $387

Year Built

  • 1973

HOA Fees

  • $273 Monthly HOA Fees

Home Design

  • Block Exterior
  • Tile

Interior Spaces

  • 1 Full Bathroom
  • 425 Sq Ft Home
  • Furnished

Kitchen

  • Range
  • Microwave

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Intermediate School
  • Myrtle Beach High School

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, pool service, insurance, manager, legal and accounting, master antenna/cable TV, common maint/repair, electric in unit
  • Mid-Rise Condominium

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$387

Year Built

1973

Lot Details

0

HOA Fees

$273 per month

Listing Details

  • Amenities Available: Pool-Outdoor Community
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Tile, Wood
  • HOA Fee Frequency: Quarterly
  • Monthly HOA as Calculated: 273
  • HOA Management Company: Palmetto Vista 843-626-7600
  • Lvt Date: 06/09/2016
  • Sold Total Heated Sq Ft: 425
  • Sold Total Sq Ft: 425
  • Total Heated Sq Ft: 425
  • Building Style: Mid-Rise 4-6 Stories
  • Building Location: Oceanview-Building
  • Gross Annual Rental Incom: 2015 $7,452.38
  • HOA Fees include insurance: Yes
  • Project Section Code: Palmetto Vista II - South Mb
  • Rental Mgmt Contract: Yes
  • Which Floor: 02
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1973

Interior Features

  • Furnished: Yes
  • Kitchen Type: Refrigerator, Range, Microwave
  • Bedrooms: Efficiency
  • Full Bathrooms: 1
  • Total Sq Ft: 425

Exterior Features

  • Exterior Finish: Block

Garage/Parking

  • Type: Condo

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Zoning: multi

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2016
Closed on
Aug 3, 2016
Sold by
Stokes Justin L
Bought by
Li Keke
Seller's Agent
Nancy Johnson
Realty ONE Group DocksideSouth
Buyer's Agent
Nancy Johnson
Realty ONE Group DocksideSouth
List Price
$25,500
Sold Price
$20,000
Premium/Discount to List
-$5,500
-21.57%
Total Days on Market
39
Current Estimated Value
$105,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,535
Avg. Annual Appreciation
20.65%

Purchase Details

Closed on
Jan 17, 2011
Sold by
Stubbs Murrell R
Bought by
Thomason Glenn C

Purchase Details

Closed on
Oct 20, 2006
Sold by
Johnmar Development Llc
Bought by
Stubbs Murrell R and Stubbs Stacey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.31%
Mortgage Type
Unknown
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
Li Keke $20,000 --
Thomason Glenn C $10,000 --
Stubbs Murrell R $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stubbs Murrell R $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2016 08/05/16 Sold $20,000 -21.6% $47 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $25,500 -- $60 / 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 $387 $2,310 $0 $2,310
2023 $387 $2,310 $0 $2,310
2021 $357 $2,310 $0 $2,310
2020 $340 $2,310 $0 $2,310
2019 $356 $3,780 $0 $3,780
2018 $0 $2,100 $0 $2,100
2017 -- $2,100 $0 $2,100
2016 -- $1,470 $0 $1,470
2015 $218 $1,470 $0 $1,470
2014 $212 $840 $0 $840
Source: Public Records

Agents Affiliated with this Home

  • Nancy Johnson

    Seller's Agent in 2016

    Nancy Johnson

    Realty ONE Group DocksideSouth

    (843) 318-1838

    76 Total Sales

    Nancy Johnson
    Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1612048

Coastal Carolinas Association of REALTORS®

APN: 44501030547

South Carolina Horry County Myrtle Beach 29577

2506 S Ocean Blvd Unit 202, Myrtle Beach, SC

This home is located at 2506 S Ocean Blvd Unit 202, Myrtle Beach, SC 29577 since 09 June 2016 and is currently estimated at $105,535, approximately $248 per square foot. This property was built in 1973. 2506 S Ocean Blvd Unit 202 is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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