NOT LISTED FOR SALE

318 48th Ave N North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $641,000 - $747,000

4 Beds
2 Baths
1,250 Sq Ft
$563/Sq Ft Est. Value

Last Sold September 18, 2017

Last sale price $337,000 $270 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $4,299/month

69 Days on Market

Highlights

  • Property fronts a channel
  • Deck
  • Furnished
  • Ocean Drive Elementary School Rated A
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Front Porch

About This Home

As of September 2017

Don't miss this nostalgic Cherry Grove channel beach cottage with lots of updates. Home features 4 spacious bedrooms and 2 full baths....along with a quaint galley style kitchen. The bathrooms are updated and there are hardwood floors throughout. This home is located directly on a channel and is just 2 blocks from the oceanfront. Home is being sold furnished and is ready to go. This would make a great rental income producing property, a perfect second home or even a primary residence. There is extra storage downstairs as well as an outdoor shower.

Last Agent to Sell the Property

Ty Bellamy

RE/MAX Southern Shores NMB Listed on: 05/23/2017

Last Buyer's Agent

Ty Bellamy

RE/MAX Southern Shores NMB Listed on: 05/23/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,784

Year Built

  • Built in 1977

Lot Details

  • Property fronts a channel
  • Property fronts a marsh
  • Rectangular Lot
  • Property is zoned R4

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Raised Foundation
  • Vinyl Siding

Interior Spaces

  • 1,250 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Breakfast Bar
  • Range with Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Single Vanity
  • Soaking Tub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Deck
  • Front Porch

Location

  • Flood Zone Lot
  • East of US 17

Schools

  • Ocean Drive Elementary School
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,784

Year Built

Built in 1977

Lot Details

0

Parking

6

Listing Details

  • Lot Description: Designated Flood Zone, Rectangular
  • Four Sided Lot Measurement: 52 x 125 x 51 x 126
  • Estimated Year Built: 1977
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Wood
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Living Room Type: Ceiling Fan
  • Lvt Date: 05/23/2017
  • Sold Total Heated Sq Ft: 1250
  • Sold Total Sq Ft: 1950
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 6
  • Total Heated Sq Ft: 1250
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1977

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Wshr/Dryer Connection, Washer/Dryer, Furnished
  • Other Rooms: Laundry/Utility
  • Primary Bathroom: Shower, Tub, Vanity
  • Kitchen Type: Breakfast Bar, Dishwasher, Microwave, Refrigerator, Range Hood, Range
  • Bedrooms: 4
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 2
  • Total Sq Ft: 1950

Exterior Features

  • Exterior Features: Deck, Front Porch, Rear Porch, Outside Storage Attached
  • Exterior Finish: Vinyl Siding
  • Foundation: Raised Beach

Garage/Parking

  • Type: Detached

Utilities

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

Schools

  • Elementary School: Ocean Drive Elementary
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Lot Location: On Channel, Inside City Limits, East Of Bus 17, Marsh/Wetlans View
  • Zoning: R4

MLS Schools

  • Elementary School: Ocean Drive Elementary
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2017
Closed on
Sep 15, 2017
Sold by
Foster Seth B
Bought by
Canipe Marcus W and Canipe Haley T
Seller's Agent
Ty Bellamy
RE/MAX Southern Shores NMB
Buyer's Agent
Ty Bellamy
RE/MAX Southern Shores NMB
List Price
$360,000
Sold Price
$337,000
Premium/Discount to List
-$23,000
-6.39%
Total Days on Market
69
Current Estimated Value
$703,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,702
Avg. Annual Appreciation
9.99%
Original Mortgage
$187,000
Outstanding Balance
$157,973
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$545,729

Purchase Details

Listed on
Jan 6, 2012
Closed on
Feb 9, 2012
Sold by
Long Evangeline E
Bought by
Foster Seth B
Seller's Agent
V Sue Catania
CENTURY 21 Thomas
Buyer's Agent
ONeal Bourne
RE/MAX Southern Shores NMB
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
May 10, 2002
Sold by
Long Woodrow W and Long Doretha M
Bought by
Long Evangeline E
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
Canipe Marcus W $337,000 --
Foster Seth B $240,000 --
Long Evangeline E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canipe Marcus W $187,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2017 09/18/17 Sold $337,000 -6.4% $270 / Sq Ft
07/31/2017 07/31/17 Pending -- -- --
05/23/2017 05/23/17 For Sale $360,000 +50.0% $288 / Sq Ft
02/10/2012 02/10/12 Sold $240,000 -4.0% $200 / Sq Ft
01/09/2012 01/09/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $250,000 -- $208 / 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 $6,784 $20,346 $12,120 $8,226
2023 $6,784 $20,346 $12,120 $8,226
2021 $4,605 $20,346 $12,120 $8,226
2020 $6,954 $20,346 $12,120 $8,226
2019 $6,794 $20,346 $12,120 $8,226
2018 $0 $20,220 $10,500 $9,720
2017 -- $15,090 $10,500 $4,590
2016 -- $15,090 $10,500 $4,590
2015 $3,392 $15,090 $10,500 $4,590
2014 $3,284 $15,090 $10,500 $4,590
Source: Public Records

Agents Affiliated with this Home

  • Ty Bellamy

    Seller's Agent in 2017

    Ty Bellamy

    RE/MAX

    (843) 602-7873

    76 in this area

    521 Total Sales

    Ty Bellamy
    Section Image
  • V Sue Catania

    Seller's Agent in 2012

    V Sue Catania

    CENTURY 21 Thomas

    (843) 222-8033

    5 in this area

    39 Total Sales

    V Sue Catania
    Section Image
  • ONeal Bourne

    Buyer's Agent in 2012

    ONeal Bourne

    RE/MAX

    (843) 455-4140

    7 in this area

    77 Total Sales

    ONeal Bourne
    Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1711486

Coastal Carolinas Association of REALTORS®

APN: 35112030057

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

318 48th Ave N, North Myrtle Beach, SC

This home is located at 318 48th Ave N, North Myrtle Beach, SC 29582 since 23 May 2017 and is currently estimated at $703,702, approximately $562 per square foot. This property was built in 1977. 318 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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