NOT LISTED FOR SALE

422 Megan Ann Ln Unit Lot 51 - Covington L Myrtle Beach, SC 29579

Estimated Value: $550,000 - $620,000

0.25 Acre
$2,335,168 Price per Acre
10,890 Sq Ft Lot

Last Sold August 24, 2018

Last sale price $27,000

Est. 2,062% increase in value since last sale

Current estimated payment $3,500/month

71 Days on Market

Highlights

  • Gated Community
  • Clubhouse
  • Marsh on Lot
  • Carolina Forest Elementary School Rated A-
  • Community Pool
  • Rectangular Lot

About This Lot

As of August 2018

Finally! The perfect location with the opportunity to customize and the certainty of surpassing your dream-home vision! Located just across the street from one of the community lakes, this particular lot has a serene view that will have you imagining all of the ways you will be able to maximize your enjoyment of this view. You will also be pleased to know that this lot has conservation/wetlands along the back, providing a tranquil and private space. Residents enjoy the community clubhouse and outdoor pool as well as the luxury and exclusivity of a gated community. Your Covington Lake East address, located between Conway and the Atlantic Ocean, provides you with convenient access to International Drive and Highways 31, 22, 17 Bypass, 17 Business, and 501, providing you with close proximity to all the attractions and amenities of Myrtle Beach, including fine dining, world-class entertainment, ample shopping experiences along the Grand Strand, and Conway’s antique shops, local eateries, and the River Walk. Rest easy knowing you are only a short drive from medical centers, doctors’ offices, pharmacies, banks, post offices, and grocery stores. HOA information has been provided to the best of our ability. A survey is recommended as there are wetlands on this lot. All information should be verified and approved by buyer. Square footage is approximate and not guaranteed. Buyer is responsible for verification.

Last Agent to Sell the Property

Brittany Foy Associates

Foy Realty Listed on: 05/24/2018

Last Buyer's Agent

Russ Richardson

RCB Real Estate & Development License #76893

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,179

Year Built

  • 2019

Lot Details

  • 0.25 Acre Lot
  • Rectangular Lot
  • Marsh on Lot
  • Property is zoned SF 8.5

HOA Fees

  • $41 Monthly HOA Fees

Location

  • Outside City Limits

Schools

  • Carolina Forest Elementary School
  • Ten Oaks Middle School
  • Carolina Forest High School

Community Details

Overview

  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Security
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,179

Year Built

2019

Lot Details

0

HOA Fees

$41 per month

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 77x139x77x140
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool-Outdoor Community, Security, Gated Community, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart
  • Class: Land
  • HOA Fee Frequency: Quarterly
  • HOA Management Company: First Service Res. 843-357-9888
  • Lvt Date: 05/24/2018
  • Estm Road Frontage: 77
  • Previous Tax Mapnumber: 163-51-01-080
  • Monthly HOA Calculated: 41
  • Number Of Lots: 1
  • Residence: Land Only
  • Road Surface: Blacktop
  • Geo Subdivision: SC
  • Section Subdivision: Covington Lake East
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2019

Exterior Features

  • Number Of Acres: 0.25

Garage/Parking

  • Type: Residential Lot

Schools

  • Elementary School: Carolina Forest Elementary School
  • Middle School: Ten Oaks Middle School
  • High School: Carolina Forest High School

Lot Info

  • Lot Location: Outside City Limits, On Marsh/Wetlands
  • Zoning: SF 8.5

MLS Schools

  • Elementary School: Carolina Forest Elementary School
  • HighSchool: Carolina Forest High School
  • Middle School: Ten Oaks Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2022
Sold by
Fleming Clay Stephen
Bought by
Miklaszewski Brian and Ring Christina Marie
Total Days on Market
71
Current Estimated Value
$583,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Outstanding Balance
$498,161
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$85,631

Purchase Details

Closed on
Aug 24, 2021
Sold by
Richardson Custom Builders Llc
Bought by
Fleming Clay Stephen and Fleming Teresa Ann

Purchase Details

Closed on
Nov 5, 2019
Sold by
Richardson Custom Builders Llc
Bought by
Fleming Clay and Teresa

Purchase Details

Listed on
May 24, 2018
Closed on
Aug 23, 2018
Sold by
Covington Lake East Llc
Bought by
Richardson Custom Builders Llc
Seller's Agent
Brittany Foy Associates
Foy Realty
Buyer's Agent
Russ Richardson
RCB Real Estate & Development
List Price
$30,000
Sold Price
$27,000
Premium/Discount to List
-$3,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.36%

Purchase Details

Closed on
Apr 28, 2006
Sold by
Covington Lake East Llc
Bought by
Fdc Llc
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
Miklaszewski Brian $575,000 --
Fleming Clay Stephen $350,000 --
Fleming Clay $350,000 --
Richardson Custom Builders Llc $27,000 --
Fdc Llc $3,135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miklaszewski Brian $517,500
Previous Owner Richardson Custom Builders Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2018 08/24/18 Sold $27,000 -10.0% --
05/24/2018 05/24/18 For Sale $30,000 -- --
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 $2,179 $20,830 $2,248 $18,582
2023 $2,179 $20,830 $2,248 $18,582
2021 $5,007 $20,830 $2,248 $18,582
2020 $4,291 $20,830 $2,248 $18,582
2019 $470 $2,248 $2,248 $0
2018 $307 $1,403 $1,403 $0
2017 $66 $1,403 $1,403 $0
2016 -- $1,403 $1,403 $0
2015 $66 $1,404 $1,404 $0
2014 $64 $1,404 $1,404 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1811313

Coastal Carolinas Association of REALTORS®

APN: 39816010010