NOT LISTED FOR SALE

405 12th Ave S Myrtle Beach, SC 29577

Estimated Value: $478,000 - $533,000

5 Beds
-- Bath
3,000 Sq Ft
$170/Sq Ft Est. Value

Last Sold March 08, 2019

Last sale price $295,000 $98 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,107/month

443 Days on Market

About This Home

As of March 2019

This could be a great investment opportunity with 4 rental units just two blocks from the ocean and East of Hwy 17. There are 3 one bedroom units and 1 two bedroom unit. This property has great proximity to many of the area attractions including dining, shopping, entertainment, Broadway at The Beach, and the Atlantic Ocean. All measurements and information are approximate and should be verified.

Last Agent to Sell the Property

Darrell Gibbs

Gibbs Realty & Auction Company License #11136 Listed on: 08/27/2017

Co-Listed By

Alex Townsend

Shoreline Realty License #55851

Last Buyer's Agent

Alex Townsend

Shoreline Realty License #55851

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,156

Year Built

  • Built in 1939

Lot Details

  • 10,454

Home Design

  • 3,000 Sq Ft Home
  • Slab Foundation
  • Vinyl Siding

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Phone Available
  • Cable TV Available

Additional Features

  • Rectangular Lot
  • East of US 17

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,156

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Estimated Year Built: 1939
  • Class: Multi-Family
  • Lvt Date: 08/28/2017
  • Sold Total Heated Sq Ft: 3000
  • Sold Total Sq Ft: 3000
  • Total Heated Sq Ft: 3000
  • One Bedroom Rent Range: $700 on 2 and $800 on 1
  • Two Bedroom Rent Range: $900 per month
  • Estimated Gross Scheduled Rent: $37,200 Annually
  • Number1 Br Units: 3
  • Number2 Br Units: 1
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Total Sq Ft: 3000

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Slab

Garage/Parking

  • Type: Quad

Utilities

  • Utilities Available: Cable Tv, Electricity, Natural Gas, Sewer, Telephone, Water Public
  • Heating Cooling: Window/Wall Unit

Schools

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

Lot Info

  • Lot Location: East Of Bus. 17, Inside City Limits

Multi Family

  • Number Of Units: 4

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
Aug 27, 2017
Closed on
Mar 6, 2019
Sold by
Nicley James
Bought by
Ptt Rentals Llc
Seller's Agent
Darrell Gibbs
Gibbs Realty & Auction Company
Buyer's Agent
Alex Townsend
Shoreline Realty
List Price
$325,900
Sold Price
$295,000
Premium/Discount to List
-$30,900
-9.48%
Current Estimated Value
$510,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,296
Avg. Annual Appreciation
8.62%
Original Mortgage
$458,944
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2004
Sold by
Stiltner Bill Elliott and Stiltner Connie Y
Bought by
Nicley James
Source: Public Records

Range of Values:

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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
Ptt Rentals Llc $295,000 --
Nicley James $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ptt Rentals Llc $458,944
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2019 03/08/19 Sold $295,000 -9.5% $98 / Sq Ft
11/01/2018 11/01/18 For Sale $325,900 +10.5% $109 / Sq Ft
10/26/2018 10/26/18 Off Market $295,000 -- --
05/14/2018 05/14/18 Price Changed $325,900 -3.0% $109 / Sq Ft
08/27/2017 08/27/17 For Sale $335,900 -- $112 / 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 $5,156 $35,548 $22,050 $13,498
2023 $5,156 $17,604 $7,560 $10,044
2021 $4,756 $30,807 $13,230 $17,577
2020 $4,536 $30,807 $13,230 $17,577
2019 $3,237 $22,229 $13,230 $8,999
2018 $2,905 $10,920 $7,560 $3,360
2017 $556 $10,920 $7,560 $3,360
2016 -- $10,920 $7,560 $3,360
2015 $551 $10,920 $7,560 $3,360
2014 $496 $10,920 $7,560 $3,360
Source: Public Records

Agents Affiliated with this Home

  • Darrell Gibbs

    Seller's Agent in 2019

    Darrell Gibbs

    Gibbs Realty & Auction Company

    (864) 295-3333

    204 Total Sales

    Darrell Gibbs
    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Alex Townsend

    Shoreline Realty

    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1718562

Coastal Carolinas Association of REALTORS®

APN: 44311040043

South Carolina Horry County Myrtle Beach 29577

405 12th Ave S, Myrtle Beach, SC

This home is located at 405 12th Ave S, Myrtle Beach, SC 29577 since 27 August 2017 and is currently estimated at $510,296, approximately $170 per square foot. This property was built in 1939. 405 12th Ave S is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary 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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