NOT LISTED FOR SALE

2616 Lakeview Dr Florence, SC 29505

Estimated Value: $138,000 - $154,028

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

Sale Details

Date Sold: July 30, 2021

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

Current estimated payment $988 / mo

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

  • 13,504 Sq Ft 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

0.31 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2022
Sold by
Bought by
Current Estimated Value
$144,507

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
$12,110
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
$132,397

Purchase Details

Listed on
Jun 30, 2021
Closed on
Jul 30, 2021
Sold by
Bought by
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
-28.59%

Purchase Details

Closed on
Mar 16, 2021
Sold by
Bought by

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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$105,000 Lowman Law Firm
$750,000 None Available
$89,900 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $85,000
Previous Owner $85,405
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,513 $4,223 $1,293 $2,930
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

    125 Total Sales

    Chad Yates
    Section Image

  • J

    Seller's Agent in 2020

    John DeBerry

    Griggs, Floyd, And Grantham In

    (843) 621-4085

    127 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

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Pee Dee REALTOR® Association IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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