NOT LISTED FOR SALE

2506 S Ocean Blvd Unit 407 Myrtle Beach, SC 29577

Estimated Value: $76,518 - $107,000

1 Bed
1 Bath
290 Sq Ft
$250/mo HOA Fee

Last Sold August 23, 2013

Last sale price $15,000 $52 Per Sq Ft

Est. 516% increase in value since last sale

Current estimated payment $831/month

324 Days on Market

About This Home

As of August 2013

Great investment property, the building is just across the street from the ocean on the south end of Myrtle Beach.

Last Agent to Sell the Property

Eric Emond

RE/MAX Southern Shores License #39265 Listed on: 09/05/2012

Last Buyer's Agent

Dervilla Bucci

RE/MAX Southern Shores License #80798

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $779

Year Built

  • Built in 1989

Lot Details

  • 3,441

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Block Exterior

Interior Spaces

  • 1 Full Bathroom
  • 290 Sq Ft Home
  • Furnished

Kitchen

  • Range
  • Microwave

Pool

  • Private Pool

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Community Details

Overview

  • Association fees include water and sewer, pool service, insurance, master antenna/cable TV, electric in unit
  • Mid-Rise Condominium

Recreation

  • Community Pool

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$779

Year Built

Built in 1989

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Amenities Available: Pool-Outdoor Community, Restrictions, Seller Disclosure, Owner Allowed Pet, Tenant Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Cable Tv
  • Estimated Year Built: 1989
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • HOA Fee Frequency: Quarterly
  • Heating And Cooling: Window/Wall Unit
  • Monthly HOA as Calculated: 250
  • HOA Management Company: Palmetto Vista HOA 843-626-7600
  • Sold Total Heated Sq Ft: 290
  • Sold Total Sq Ft: 290
  • Total Heated Sq Ft: 290
  • Building Style: Mid-Rise 4-6 Stories
  • Building Location: Oceanview-Building, Second Row Beach
  • Exterior Unit Features: Pool-Outdoor Private
  • HOA Fees include insurance: Yes
  • Project Section Code: Palmetto Vista II - South Mb
  • Rental Mgmt Contract: Yes
  • Which Floor: 04
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1989

Interior Features

  • Furnished: Yes
  • Kitchen Type: Microwave, Range
  • Bedrooms: Efficiency
  • Full Bathrooms: 1
  • Total Sq Ft: 290

Exterior Features

  • Exterior Finish: Block

Garage/Parking

  • Type: Condo

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Water And Sewer, Pool Service, Insurance, Master Antenna/Cable Tv, Electric In Unit

Schools

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

Lot Info

  • Zoning: MF

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2018
Sold by
Paul Torri
Bought by
Spacetime Enterprises Llc
Total Days on Market
324
Current Estimated Value
$92,380

Purchase Details

Closed on
Apr 20, 2018
Sold by
Almohammad Mohammad H
Bought by
Spacetime Eterprises Llc

Purchase Details

Closed on
Mar 20, 2018
Sold by
Varofi Ltd
Bought by
Spacetime Enterprises Llc

Purchase Details

Closed on
Jul 9, 2014
Sold by
Deer Mark S
Bought by
Garrett Thomas P and Wagner Garrett Tammy

Purchase Details

Listed on
Sep 5, 2012
Closed on
Aug 22, 2013
Sold by
Satter Edwin C
Bought by
Deer Mark S
Seller's Agent
Eric Emond
RE/MAX Southern Shores
Buyer's Agent
Dervilla Bucci
RE/MAX Southern Shores
List Price
$24,900
Sold Price
$15,000
Premium/Discount to List
-$9,900
-39.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.64%

Purchase Details

Closed on
Aug 22, 2011
Sold by
Hudson David P
Bought by
Satter Edwin C

Purchase Details

Closed on
Oct 20, 2006
Sold by
Johnmar Development Llc
Bought by
Hudson David P and Hudson Gina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000
Interest Rate
6.31%
Mortgage Type
Stand Alone Second
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
Spacetime Enterprises Llc $25,000 --
Spacetime Eterprises Llc $20,000 --
Spacetime Enterprises Llc $22,000 --
Spacetime Enterprises Llc $21,000 --
Garrett Thomas P $17,999 --
Deer Mark S $15,000 --
Satter Edwin C $10,000 --
Hudson David P $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hudson David P $11,000
Previous Owner Hudson David P $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2013 08/23/13 Sold $15,000 -39.8% $52 / Sq Ft
07/26/2013 07/26/13 Pending -- -- --
09/05/2012 09/05/12 For Sale $24,900 -- $86 / 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 $779 $3,780 $0 $3,780
2023 $779 $3,780 $0 $3,780
2021 $297 $3,780 $0 $3,780
2020 $283 $3,780 $0 $3,780
2019 $283 $3,780 $0 $3,780
2018 $255 $1,680 $0 $1,680
2017 $252 $960 $0 $960
2016 -- $960 $0 $960
2015 $250 $1,680 $0 $1,680
2014 $212 $840 $0 $840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1214845

Coastal Carolinas Association of REALTORS®

APN: 44501030554