NOT LISTED FOR SALE

2616 Lakeview Dr Florence, SC 29505

Estimated Value: $129,000 - $153,000

12 Beds
12 Baths
7,200 Sq Ft
$20/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $750,000 $104 Per Sq Ft

Current estimated payment $961/month

12 Days on Market

About This Home

As of July 2021

8 unit apartment complex... hard to find investment opportunity a stones throw away from the MUSC campus. All 2 bedroom 2 bath units with excellent occupancy, rental history and long term tenants. 4 units recently upgraded and new tenants added at $900/mth ,new roof installed in 2019.

Last Agent to Sell the Property

Chad Yates

Assist 2 Sell, Buyers & Seller License #65067 Listed on: 06/30/2021

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1993

Lot Details

  • 0.31 Acre Lot

Interior Spaces

  • 7,200 Sq Ft Home
  • 2-Story Property

Schools

  • Greenwood Elementary School
  • Southside Middle School
  • South Florence High School

Listing and Financial Details

  • Assessor Parcel Number 90123-04-012

Community Details

Overview

  • 8 Units
  • County Subdivision

Building Details

  • Insurance Expense $2,500
  • Other Expense $1,440
  • Water Sewer Expense $5,400
  • Real Estate Tax Expense $6,600
  • Gross Income $76,800
  • Net Operating Income $60,860

Property Details

Home Type

Apartment

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Lvt Date: 06/29/2021
  • Type: Apartment 4+
  • Year Built: 1993
  • Utility Companies: Duke
  • Agent Only_ L A1 User Code: 0720
  • Second Address Number: 2616
  • Geo Longitude: -79.748355
  • OFFICELIST_STATE: SC
  • FILLSUBDIVISION: COUNTY
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Price Per Sq Ft: 104.17
  • Number Of Stories: 2
  • Total Approx Sq Ft: 7200

Garage/Parking

  • Number Of Parking Spaces: 16

Utilities

  • Annual Insurance Expense: 2500

Schools

  • Elementary School: GREENWOOD
  • High School: SOUTH FLORENCE
  • Middle School: SOUTHSIDE

Lot Info

  • Number Of Acres: 0.31
  • Geo Subdivision: SC

Tax Info

  • Tax Map: 90123-04-012

Multi Family

  • Annual Expenses: 15940
  • Gross Annual Income: 76800
  • Annual Other Expense: 1440
  • Net Op Income: 60860
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2022
Sold by
Kyle Waldron
Bought by
Windows R Us Llc
Current Estimated Value
$143,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Outstanding Balance
$23,972
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
$119,523

Purchase Details

Listed on
Jun 30, 2021
Closed on
Jul 30, 2021
Sold by
Vintage Investments Llc
Bought by
San Lola Triantis and San Helen Kostionis
Seller's Agent
Chad Yates
Assist 2 Sell, Buyers & Seller
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.98%

Purchase Details

Closed on
Mar 16, 2021
Sold by
City Renatls Llc
Bought by
Waldron Kyle and Kidwell Wesley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,405
Interest Rate
2.8%
Mortgage Type
Unknown

Purchase Details

Listed on
Feb 27, 2020
Closed on
Apr 21, 2020
Sold by
City Rentals Llc
Bought by
Vintage Investments Llc
Seller's Agent
John DeBerry
Griggs, Floyd, and Grantham In
List Price
$585,000
Sold Price
$585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-21.75%
Original Mortgage
$497,250
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Windows R Us Llc $105,000 Lowman Law Firm
San Lola Triantis $750,000 None Available
Waldron Kyle $89,900 None Available
Vintage Investments Llc $585,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Windows R Us Llc $85,000
Previous Owner Waldron Kyle $85,405
Previous Owner Vintage Investments Llc $497,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2021 07/30/21 Sold $750,000 -3.2% $104 / Sq Ft
06/30/2021 06/30/21 For Sale $775,000 +32.5% $108 / Sq Ft
04/21/2020 04/21/20 Sold $585,000 0.0% $81 / Sq Ft View Prior Sale
03/31/2020 03/31/20 Off Market $585,000 -- --
02/27/2020 02/27/20 For Sale $585,000 -- $81 / Sq Ft
Source: Pee Dee REALTOR® Association

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 $2,513 $4,223 $1,293 $2,930
2023 $2,116 $4,149 $1,294 $2,855
2022 $1,939 $3,546 $1,294 $2,252
2021 $1,387 $3,920 $0 $0
2020 $1,404 $3,920 $0 $0
2019 $1,405 $3,920 $0 $0
2018 $1,332 $3,920 $0 $0
2017 $1,345 $3,920 $0 $0
2016 $1,248 $3,920 $0 $0
2015 $1,239 $3,920 $0 $0
2014 $1,199 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chad Yates

    Seller's Agent in 2021

    Chad Yates

    Assist 2 Sell, Buyers & Seller

    (843) 260-6393

    138 Total Sales

    Chad Yates
    Section Image

  • J

    Seller's Agent in 2020

    John DeBerry

    Griggs, Floyd, and Grantham In

    (843) 621-4085

    122 Total Sales

    John DeBerry
    Section Image
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Map

Source: Pee Dee REALTOR® Association

MLS Number: 20212256

Pee Dee REALTOR® Association

APN: 90123-04-007

South Carolina Florence County Florence 29505

2616 Lakeview Dr, Florence, SC

Not Listed for Sale

MultiFamily

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