NOT LISTED FOR SALE

305 48th Ave N North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $1,256,866 - $1,480,000

7 Beds
7 Baths
4,000 Sq Ft
$333/Sq Ft Est. Value

Last Sold September 10, 2012

Last sale price $482,000 $120 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $7,944/month

204 Days on Market

Highlights

  • Private Pool
  • Property fronts a channel
  • Furnished
  • Ocean Drive Elementary School Rated A
  • Deck
  • Formal Dining Room

About This Home

As of September 2012

Cherry Grove. Exquisite channel home! 7 spacious bedrooms, 5 full bathrooms, and 2 half baths all under one roof! This beautiful home is within a very short distance to the beautiful Atlantic Ocean. Master suite features a walk in closet and a very large, spacious bathroom. With these undeniable gorgeous views and this great location, this house is definitely a must see! Awesome rental income! Bank owned! Bring all offers!

Last Agent to Sell the Property

Bill Bellamy

CENTURY 21 Thomas License #2854 Listed on: 01/09/2012

CENTURY 21 Thomas

Last Buyer's Agent

Craig Memory

Strand Realty Associates LLC License #60139

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,566

Year Built

  • Built in 2006

Lot Details

  • Property fronts a channel

Parking

  • 2 Car Attached Garage

Home Design

  • Stilt Home
  • Raised Foundation
  • Wood Frame Construction

Interior Spaces

  • 4,000 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Formal Dining Room
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck

Schools

  • Do Not Use -North Myrtle Beach Elementary - Inactive
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,566

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Estimated Year Built: 2006
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Carpeting, Vinyl
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat
  • Living Room Type: Ceiling Fan
  • Sold Total Heated Sq Ft: 4000
  • Sold Total Sq Ft: 5000
  • Style: Raised Beach
  • Type Of Parking: Attached 2-Car
  • Vehicle Parking Capacity: 2
  • Total Heated Sq Ft: 4000
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Furnished: Yes
  • Interior Amenities: Washer/Dryer, Furnished, Elevator-Interior
  • Master Bedroom Type: Walk-In Closet
  • Bedrooms: 7
  • Dining Room Type: Lvr/Dr Combo
  • Formal Dining: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Levels: Three Or More
  • Total Sq Ft: 5000

Exterior Features

  • Exterior Features: Deck, Balcony, Pool-Outdoor Private, Spa/Hot Tub
  • Exterior Finish: Wood Frame
  • Foundation: Raised Beach

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Water Public

Schools

  • Elementary School: DO NOT USE -North Myrtle Beach Elementary - Inactive
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Lot Location: On Channel
  • Zoning: Res

MLS Schools

  • Elementary School: DO NOT USE -North Myrtle Beach Elementary - Inactive
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2012
Sold by
Shea Tom A
Bought by
Double Shea Ranch Llc
Current Estimated Value
$1,332,217

Purchase Details

Listed on
Jan 9, 2012
Closed on
Sep 10, 2012
Sold by
Fbsa 1 Llc
Bought by
Shea Tom A
Seller's Agent
Bill Bellamy
CENTURY 21 Thomas
Buyer's Agent
Craig Memory
Strand Realty Associates LLC
List Price
$624,000
Sold Price
$482,000
Premium/Discount to List
-$142,000
-22.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%

Purchase Details

Closed on
Nov 22, 2011
Sold by
Suncoast Rentals Llc
Bought by
Fbsa 1 Llc

Purchase Details

Closed on
Feb 11, 2005
Sold by
F & J Llc
Bought by
Suncoast Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2004
Sold by
Power Richard C and The Estate Of Samuel C Power J
Bought by
F & J Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Double Shea Ranch Llc -- --
Shea Tom A $482,000 --
Fbsa 1 Llc $1,053,400 --
Suncoast Rentals Llc $275,000 --
F & J Llc $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Suncoast Rentals Llc $233,750
Previous Owner F & J Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2012 09/10/12 Sold $482,000 -22.8% $121 / Sq Ft
07/31/2012 07/31/12 Pending -- -- --
01/09/2012 01/09/12 For Sale $624,000 -- $156 / 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 $10,566 $70,661 $27,600 $43,061
2023 $10,566 $35,556 $12,075 $23,481
2021 $8,047 $44,580 $12,120 $32,460
2020 $10,358 $44,580 $12,120 $32,460
2019 $10,077 $44,580 $12,120 $32,460
2018 $0 $30,918 $10,500 $20,418
2017 $9,413 $30,918 $10,500 $20,418
2016 -- $30,918 $10,500 $20,418
2015 $6,951 $30,918 $10,500 $20,418
2014 $6,728 $30,918 $10,500 $20,418
Source: Public Records

Agents Affiliated with this Home

  • Bill Bellamy

    Seller's Agent in 2012

    Bill Bellamy

    CENTURY 21 Thomas

    (843) 457-2100

    5 Total Sales

    Bill Bellamy
    Section Image
  • Craig Memory

    Buyer's Agent in 2012

    Craig Memory

    Strand Realty Associates LLC

    (843) 222-8274

    8 in this area

    91 Total Sales

    Craig Memory
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1200459

Coastal Carolinas Association of REALTORS®

APN: 35113020016

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

305 48th Ave N, North Myrtle Beach, SC

This home is located at 305 48th Ave N, North Myrtle Beach, SC 29582 since 09 January 2012 and is currently estimated at $1,332,217, approximately $333 per square foot. This property was built in 2006. 305 48th Ave N is a home located in Horry County with nearby schools including Ocean Drive Elementary School, North Myrtle Beach Middle School, and North Myrtle Beach High School.

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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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