NOT LISTED FOR SALE

2875 E Highway 501 Conway, SC 29526

Estimated Value: $2,510,464

20 Acres
$127,435 Price per Acre
858,132 Sq Ft Lot

Last Sold June 21, 2022

Last sale price $1,900,000

Est. 32% increase in value since last sale

Current estimated payment $16,444/month

261 Days on Market

Highlights

  • 19.7 Acre Lot
  • Carolina Forest Elementary School Rated A-
  • Rectangular Lot

About This Lot

As of June 2022

This 19.7-acre tract is located directly on Highway 501 in the East Conway/Carolina Forest submarket within the Myrtle Beach, SC MSA. 600’ frontage provides high visibility on Highway 501, where traffic counts exceed 53,000 vehicles per day. Deceleration lanes and a median break provide direct access from both east and westbound lanes of Highway 501. This site was formerly the AVX-Conway campus, and backs up to the Coastal-Southern rail lines.

Last Agent to Sell the Property

Adam Cates

Tradd Commercial License #60056 Listed on: 02/22/2021

Last Buyer's Agent

AGENT .NON-MLS

ICE Mortgage Technology INC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,179

Lot Details

  • 19.7 Acre Lot
  • Rectangular Lot
  • Property is zoned HC

Location

  • Outside City Limits

Schools

  • Carolina Forest Elementary School
  • Black Water Middle School
  • Carolina Forest High School

Property Details

Property Type

Land

Est. Annual Taxes

$33,179

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Class: Land
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 03/08/2021
  • Estm Road Frontage: 600'
  • Estimated Lot Size: 10-25 Acres
  • Utilities To Site: Utilities
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 19.7

Garage/Parking

  • Type: Acreage

Schools

  • Elementary School: Carolina Forest Elementary School
  • Middle School: Black Water Middle School
  • High School: Carolina Forest High School

Lot Info

  • Lot Location: Outside City Limits
  • Zoning: HC

MLS Schools

  • Elementary School: Carolina Forest Elementary School
  • HighSchool: Carolina Forest High School
  • Middle School: Black Water Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2023
Sold by
Carolina Chicken Real Estate Us 501 Conw
Bought by
Lifetime Property Sc I Llc
Current Estimated Value
$2,510,464

Purchase Details

Closed on
Jul 25, 2023
Sold by
Carolina Chicken Real Estate Us 501 Conw
Bought by
Lifetime Property Sc I Llc

Purchase Details

Listed on
Feb 22, 2021
Closed on
Jun 16, 2022
Sold by
Kyocera Avx Components Corp
Bought by
Carolina Chicken Real Estate Us 501 Conw
Seller's Agent
Adam Cates
Tradd Commercial
Buyer's Agent
AGENT .NON-MLS
ICE Mortgage Technology INC
List Price
$1,975,000
Sold Price
$1,900,000
Premium/Discount to List
-$75,000
-3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$4,060,680
Interest Rate
5.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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ICE

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Average Value
Not Available
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
Lifetime Property Sc I Llc $2,480,000 --
Lifetime Property Sc I Llc -- --
Carolina Chicken Real Estate Us 501 Conw $1,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lifetime Property Sc I Llc $20,000,000
Previous Owner Carolina Chicken Real Estate Us 501 Conw $4,060,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2022 06/21/22 Sold $1,900,000 -3.8% --
02/22/2021 02/22/21 For Sale $1,975,000 -- --
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 $33,179 $196,278 $196,278 $0
2023 $33,179 $196,278 $196,278 $0
2021 $28,594 $343,487 $343,487 $0
2020 $26,073 $343,487 $343,487 $0
2019 $26,073 $343,487 $343,487 $0
2018 $0 $228,485 $228,485 $0
2017 $1,054 $130,563 $130,563 $0
2016 $0 $130,563 $130,563 $0
2015 -- $130,563 $130,563 $0
2014 -- $130,563 $130,563 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Cates

    Seller's Agent in 2022

    Adam Cates

    Tradd Commercial

    (843) 333-4190

    17 in this area

    76 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    AGENT .NON-MLS

    ICE Mortgage Technology INC

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2105222

Coastal Carolinas Association of REALTORS®

APN: 40000000011

South Carolina Horry County Conway 29526

2875 E Highway 501, Conway, SC

This home is located at 2875 E Highway 501, Conway, SC 29526 since 22 February 2021 and is currently priced at $2,510,464. 2875 E Highway 501 is a home located in Horry County with nearby schools including Carolina Forest Elementary School, Ten Oaks Middle, and Carolina Forest High 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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