NOT LISTED FOR SALE

470 Spring Lake Dr Myrtle Beach, SC 29579

Estimated Value: $396,000 - $470,000

4 Beds
3 Baths
3,250 Sq Ft
$132/Sq Ft Est. Value

Last Sold October 12, 2020

Last sale price $265,000 $82 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,554/month

225 Days on Market

Highlights

  • Home Theater
  • Lake On Lot
  • Recreation Room
  • Carolina Forest Elementary School Rated A-
  • Clubhouse
  • Vaulted Ceiling

About This Home

As of October 2020

Spacious home coupled with a great location makes this the ideal home for the growing family or family whose loved-ones enjoy the occasional visit to Myrtle Beach. As you step foot through the threshold of this home, you are treated to a 2 story grand entrance, home office and formal dining room. As you navigate this homes first floor, you will be met with a large co-joining family room and kitchen and an additional dining area with many windows that offer amazing natural light and a guest bedroom just down the hall. There is more than enough space to accommodate the family or entertaining the special loved ones. The second floor has the remaining 3 bedrooms with a large master suite, lots of closet space, and an extra large bonus room with pull down stairs to the attic and lots more additional storage. Enjoy the day on the screened in porch on the rear of the home overlooking the pond. Not only does this home include some great features, but its close proximity to the local Blue Ribbon Award winning Elementary School, A Top 5 & 13th Rated Golf Course, Restaurants, 2 grocery stores, fitness facility, multiple banks, gas stations and more make it the ideal location for that perfect year round living in Myrtle Beach.

Last Agent to Sell the Property

Homes & Valor Team

Keller Williams Innovate South Listed on: 01/24/2020

Co-Listed By

Jamie Lewis

Keller Williams Innovate South License #89327

Last Buyer's Agent

Peter Sollecito

CB Sea Coast Advantage MI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,203

Year Built

  • Built in 2002

Lot Details

  • 8,712 Sq Ft Lot
  • Property is zoned PUD

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Bi-Level Home
  • Slab Foundation
  • Siding
  • Tile

Interior Spaces

  • 3,250 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Formal Dining Room
  • Home Theater
  • Recreation Room
  • Bonus Room
  • Screened Porch
  • Carpet
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Shower Only
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Lake On Lot
  • Wood patio

Location

  • Outside City Limits

Utilities

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

Community Details

Overview

  • Association fees include electric common, pool service, common maint/repair

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,203

Year Built

Built in 2002

Lot Details

0

HOA Fees

$42 per month

Parking

6

Listing Details

  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool - Outdoor Community, Security, Seller Disclosure, Long Term Rental Allowed, Owner Allowed Motorcyle
  • Estimated Year Built: 2002
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Ceiling Fan
  • Floor Cover: Tile, Wood, Carpeting
  • HOA Fee Frequency: Annually
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 42
  • HOA Management Company: Benchmark 843.903.1684
  • Living Room Type: Ceiling Fan
  • Lvt Date: 01/24/2020
  • Sold Total Heated Sq Ft: 3250
  • Sold Total Sq Ft: 3850
  • Style: Traditional
  • Type Of Parking: Attached 2-Car
  • Vehicle Parking Capacity: 6
  • Total Heated Sq Ft: 3250
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Interior Amenities: Wind Treat Convey, Garage Door Opener, Stairs To Attic, Smoke Detector, Wshr/Dryer Connection
  • Other Rooms: Recreation Room, 1st Floor Bedrooms, 1st Floor Baths, Foyer, Laundry/Utility, Screened Porch, Bonus Room, Media Room
  • Primary Bathroom: Double Sink, Garden Tub, Shower, Vaulted/Cathedral Ceiling, Whirlpool Tub
  • Kitchen Type: Range, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Breakfast Bar, Pantry, Ceiling Fan, Stainless Steel Apps.
  • Master Bedroom Type: Ceiling Fan, Walk-In Closet
  • Bedrooms: 4
  • Dining Room Type: Formal
  • Formal Dining: Yes
  • Full Bathrooms: 3
  • Levels: Two-Story
  • Total Sq Ft: 3850

Exterior Features

  • Exterior Features: Patio, Rear Porch, Lawn Sprinkler
  • Exterior Finish: Siding
  • Foundation: Slab
  • Number Of Acres: 0.2

Garage/Parking

  • Type: Detached

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Pool Service, Common Maint/Repair

Schools

  • Elementary School: Carolina Forest Elementary School
  • Middle School: Ocean Bay Middle School
  • High School: Carolina Forest High School

Lot Info

  • Lot Location: On Lake/Pond, Outside City Limits
  • Zoning: PUD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2020
Closed on
Oct 12, 2020
Sold by
Brown Christopher James Simon
Bought by
Zarro James E and Zarro Lorri A
Seller's Agent
Homes & Valor Team
Keller Williams Innovate South
Buyer's Agent
Peter Sollecito
CB Sea Coast Advantage MI
List Price
$284,900
Sold Price
$265,000
Premium/Discount to List
-$19,900
-6.98%
Total Days on Market
225
Current Estimated Value
$429,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,801
Avg. Annual Appreciation
10.96%
Original Mortgage
$205,000
Outstanding Balance
$184,078
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$245,723

Purchase Details

Closed on
Sep 23, 2011
Sold by
Shamaa Sherif
Bought by
Brown Christopher James Simon

Purchase Details

Closed on
Jun 15, 2011
Sold by
Master In Equity Horry County
Bought by
Myrtle Beach Real Estate Best Deal Llc

Purchase Details

Closed on
Jun 19, 2001
Sold by
Springlake Development Company
Bought by
Gorcesky James F and Gorcesky Joann M
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
Zarro James E $265,000 --
Brown Christopher James Simon $202,000 --
Myrtle Beach Real Estate Best Deal Llc $161,509 --
Gorcesky James F $36,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zarro James E $205,000
Previous Owner Brown Christopher James Simon $24,600
Previous Owner Gorcesky James F $173,800
Previous Owner Gorcesky James F $100,493
Previous Owner Gorcesky James F $175,000
Previous Owner Gorcesky James F $175,000
Previous Owner Gorcesky James F $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2020 10/12/20 Sold $265,000 0.0% $82 / Sq Ft
08/12/2020 08/12/20 Price Changed $265,000 -3.6% $82 / Sq Ft
07/21/2020 07/21/20 Price Changed $275,000 -1.8% $85 / Sq Ft
02/12/2020 02/12/20 Price Changed $279,900 -1.8% $86 / Sq Ft
01/24/2020 01/24/20 For Sale $284,900 -- $88 / 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 $1,203 $10,537 $1,993 $8,544
2023 $1,203 $10,537 $1,993 $8,544
2021 $1,086 $10,537 $1,993 $8,544
2020 $974 $14,877 $1,993 $12,884
2019 $974 $14,877 $1,993 $12,884
2018 $877 $11,336 $1,572 $9,764
2017 $862 $11,336 $1,572 $9,764
2016 -- $11,336 $1,572 $9,764
2015 $862 $11,336 $1,572 $9,764
2014 $795 $11,336 $1,572 $9,764
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2001734

Coastal Carolinas Association of REALTORS®

APN: 39809010107