NOT LISTED FOR SALE

401 Alder St Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $307,000 - $744,000

-- Bed
2 Baths
3,000 Sq Ft
$205/Sq Ft Est. Value

Last Sold October 07, 2019

Last sale price $410,000 $137 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,786/month

115 Days on Market

About This Home

As of October 2019

7 Units. Great investment opportunity. Close to the beach and downtown. Just renovated. No rental history.

Last Agent to Sell the Property

Marzena Grabara

East Coast Investments License #78918 Listed on: 04/16/2019

Last Buyer's Agent

Ester Esti Simantov

Own Myrtle Real Estate License #91220

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,477

Year Built

  • Built in 1975

Lot Details

  • 0.33

Home Design

  • 3,000 Sq Ft Home

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Middle School
  • Myrtle Beach High School

Additional Features

  • Rectangular Lot
  • Cable TV Available

Community Details

  • 7 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,477

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 102X152X81X150
  • Estimated Year Built: 1975
  • Class: Multi-Family
  • Lvt Date: 04/16/2019
  • Total Heated Sq Ft: 3000
  • Number1 Br Units: 2
  • Numberefficiency: 5
  • Utilities Owner Pays: Electric, Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Total Sq Ft: 3000

Garage/Parking

  • Type: Apartments

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Water Public

Lot Info

  • Lot Location: Inside City Limits
  • Zoning: MF

Multi Family

  • Number Of Units: 7

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2019
Closed on
Sep 26, 2019
Sold by
Portofino Villas Grand Dunes
Bought by
401 Alder Llc
Seller's Agent
Marzena Grabara
East Coast Investments
Buyer's Agent
Ester Esti Simantov
Own Myrtle Real Estate
List Price
$449,000
Sold Price
$410,000
Premium/Discount to List
-$39,000
-8.69%
Current Estimated Value
$616,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,408
Avg. Annual Appreciation
6.84%

Purchase Details

Closed on
Sep 7, 2018
Sold by
Cumbie Joseph P
Bought by
Portofino Villas Grand Dunes

Purchase Details

Closed on
Jan 22, 2010
Sold by
Cumbie Lucretia Sarvis
Bought by
Cumbie Joseph P
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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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
401 Alder Llc $410,000 --
Portofino Villas Grand Dunes $130,000 --
Cumbie Joseph P -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2019 10/07/19 Sold $410,000 -8.7% $137 / Sq Ft
04/16/2019 04/16/19 For Sale $449,000 -- $150 / 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 $6,477 $25,436 $4,707 $20,729
2023 $6,477 $22,693 $3,973 $18,720
2021 $6,131 $22,693 $3,973 $18,720
2020 $5,847 $22,693 $3,973 $18,720
2019 $2,760 $10,711 $3,973 $6,738
2018 $0 $9,769 $3,937 $5,832
2017 $2,570 $9,769 $3,937 $5,832
2016 -- $9,769 $3,937 $5,832
2015 $2,540 $9,769 $3,937 $5,832
2014 $2,470 $9,769 $3,937 $5,832
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Marzena Grabara

    East Coast Investments

    (843) 455-8567

    3 in this area

    52 Total Sales

    Marzena Grabara
    Section Image
  • Ester Esti Simantov

    Buyer's Agent in 2019

    Ester Esti Simantov

    Own Myrtle Real Estate

    (843) 457-9780

    41 in this area

    97 Total Sales

    Ester Esti Simantov
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1908652

Coastal Carolinas Association of REALTORS®

APN: 44304040013

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

401 Alder St, Myrtle Beach, SC

Not Listed for Sale

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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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