NOT LISTED FOR SALE

407 14th Ave S Myrtle Beach, SC 29577

Estimated Value: $423,000 - $468,000

6 Beds
3 Baths
1,968 Sq Ft
$228/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $375,000 $191 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,918/month

66 Days on Market

About This Home

As of December 2021

GREAT INVESTMENT OPPORTUNITY! 3 apartment units each having 2 bedrooms/1 bathroom, a living area, and kitchen. This property has been well maintained by the owner. A new roof was installed in 2012, pressure washing in 8/21, some exterior painting 8/21, new exterior lights 8/21, and there is a termite bait system in place. Located East of Business 17/Kings Hwy and walking distance to the ocean, shops, and restaurants. Currently leased annually, but has the ability to be rented short term. Large lot and plenty of parking. Flexible MU-H (Mixed-Use, High Density) Zoning allows for multiple uses from single family residential to commercial uses and multi-family/hotel/motel. Square footage is approximate and not guaranteed. Buyers responsible for verification.

Last Agent to Sell the Property

The Abe Safa Team

Century 21 The Harrelson Group Listed on: 08/12/2021

Century 21 The Harrelson Group

Co-Listed By

Susan Brown

DR Horton License #25485

Last Buyer's Agent

AGENT .NON-MLS

ICE Mortgage Technology INC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,589

Year Built

  • Built in 1960

Lot Details

  • 9,583

Parking

  • Assigned Parking

Interior Spaces

  • 1,968 Sq Ft Home
  • Crawl Space

Utilities

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

Additional Features

  • Rectangular Lot
  • East of US 17

Community Details

Overview

  • 3 Units
  • Leonard Apts Condos

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,589

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 70x139x70x139
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Pet
  • Estimated Year Built: 1960
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 08/12/2021
  • Sold Total Heated Sq Ft: 1968
  • Sold Total Sq Ft: 1968
  • Total Heated Sq Ft: 1968
  • Two Bedroom Rent Range: $575.00 - $750.00
  • Complex Name: Leonard Apts
  • Misc Structural: Sep. Electric Meter, Individual Water Heater
  • Number2 Br Units: 3
  • Safety Features: Lead Based Paint Disc.
  • Utilities Owner Pays: Water/Sewer, Trash
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Total Sq Ft: 1968

Exterior Features

  • Foundation: Crawl

Garage/Parking

  • Type: Apartments
  • Parking: Assigned Parking

Utilities

  • Utilities Available: Cable Tv, Electricity, 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, East Of Highway 17 Bypass
  • Zoning: MU-H

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Dec 12, 2021
Sold by
Brandon Robert M
Bought by
Raudales Angela Beck and Raudales Carlos Joel
Seller's Agent
The Abe Safa Team
Century 21 The Harrelson Group
Buyer's Agent
AGENT .NON-MLS
ICE Mortgage Technology INC
List Price
$525,000
Sold Price
$375,000
Premium/Discount to List
-$150,000
-28.57%
Current Estimated Value
$448,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,183
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
May 19, 2004
Sold by
Brandon Richard L and Hill Jackie B
Bought by
Brandon Robert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,700
Interest Rate
5.89%
Mortgage Type
Unknown

Purchase Details

Closed on
May 18, 2002
Sold by
Simms Pauline L and Estate Of Ethel C Leonard
Bought by
Brandon Richard L and Hill Jackie B
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
Raudales Angela Beck $375,000 --
Brandon Robert M $65,600 --
Brandon Richard L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brandon Robert M $140,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2021 12/22/21 Sold $375,000 -15.7% $191 / Sq Ft
10/01/2021 10/01/21 Price Changed $445,000 -10.1% $226 / Sq Ft
09/09/2021 09/09/21 Price Changed $495,000 -5.7% $252 / Sq Ft
08/12/2021 08/12/21 For Sale $525,000 -- $267 / 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 $6,589 $29,152 $20,433 $8,719
2023 $6,589 $11,272 $7,006 $4,266
2021 $6,082 $11,470 $7,006 $4,464
2020 $2,904 $11,470 $7,006 $4,464
2019 $2,904 $11,470 $7,006 $4,464
2018 $2,607 $9,802 $7,006 $2,796
2017 $2,577 $9,802 $7,006 $2,796
2016 -- $9,802 $7,006 $2,796
2015 $2,548 $9,802 $7,006 $2,796
2014 $2,477 $9,802 $7,006 $2,796
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2117792

Coastal Carolinas Association of REALTORS®

APN: 44314010006