NOT LISTED FOR SALE

500 Farrow Pkwy Unit The Lakeview Myrtle Beach, SC 29577

Market Commons Neighborhood

Estimated Value: $786,000 - $873,000

5 Beds
3.5 Baths
3,384 Sq Ft
$239/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $750,000 $222 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,751/month

94 Days on Market

Highlights

  • Lake View
  • Low Country Architecture
  • Corner Lot
  • Clubhouse
  • Main Floor Bedroom
  • Solid Surface Countertops

About This Home

As of January 2023

Welcome to this stunning 5 bedroom, 3.5 bath Charleston inspired home located in the heart of Market Common! This meticulously maintained home has 3 levels and 3 porches to match. Each level can be accessed by an elevator! The first floor is self sufficient with a laundry room, guest bedroom, full bathroom, and bedroom #5 is currently being used as the first floor living room with a kitchenette. Up to the second floor is the spacious living room with access to the second floor balcony, a generous dining room, half bath, and a show stopper kitchen with a large pantry. Third floor features 2 more guest rooms with a connected bathroom, a second laundry room, a large ensuite bathroom, and a generous primary bedroom with access to a covered balcony. Get a bird's eye view of the lake and one of the finger ponds across the street. You'll appreciate the lavish upgrades like living room fireplace, granite, 10' ceilings, slate appliances, and low maintenance flooring just to name a few. You'll love the custom features like plantation shutters throughout, private courtyard and security system. This beautiful home is has a 2-car garage with an attached storage room. Enjoy low maintenance living in this corner lot. Low HOA fees includes the pool with fitness center, hot tubs, and lazy river. Market Common is an urban village destination with boutiques shopping, restaurants, bowling, movie theater, dance studios, playgrounds, ponds, walking trails, parks and festivals and concerts year-round. So much to do in Market Common and easy access to the beach, airport and hospitals. Don't miss this opportunity to own a better than new Market Common dream home! Square footage is approximate and not guaranteed. Buyers responsible for verification.

Last Agent to Sell the Property

Reena Artz

CB Sea Coast Advantage CF Listed on: 08/21/2022

CB Sea Coast Advantage CF

Last Buyer's Agent

Vesel Emini

CENTURY 21 Boling & Associates License #129543

CENTURY 21 Boling & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,940

Year Built

  • Built in 2018

Lot Details

  • 2,614 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Rectangular Lot
  • Property is zoned C-6

HOA Fees

  • $197 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Low Country Architecture
  • Slab Foundation
  • Concrete Siding

Interior Spaces

  • 3,384 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Lake Views

Kitchen

  • Breakfast Bar
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Front Porch

Location

  • East of US 17

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Gas
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association fees include pool service, landscape/lawn, internet access
  • The community has rules related to fencing, allowable golf cart usage in the community

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,940

Year Built

Built in 2018

Lot Details

0

HOA Fees

$197 per month

Parking

2

Listing Details

  • Lot Description: Rectangular, Corner
  • Four Sided Lot Measurement: 38x70x38x70
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool - Outdoor Community, Seller Disclosure, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet
  • Estimated Year Built: 2018
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Carpeting, Luxury Vinyl Plank/Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric, Gas
  • Monthly HOA as Calculated: 197
  • HOA Management Company: Ally 843-457-3555
  • Living Room Type: Fireplace, Ceiling Fan
  • Lvt Date: 08/21/2022
  • Sold Total Heated Sq Ft: 3384
  • Sold Total Sq Ft: 4525
  • Style: Low Country
  • Type Of Parking: Attached 2-Car
  • Vehicle Parking Capacity: 2
  • Total Heated Sq Ft: 3384
  • Geo Subdivision: SC
  • Section Subdivision: The Battery at Market Common
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2018

Interior Features

  • Bedroom 1: 11x12
  • Bedroom 2: 11x12
  • Bedroom 3: 13x12
  • Dining Room: 14x11
  • Interior Amenities: Wind Treat Convey, Garage Door Opener, Security System, Smoke Detector, Wshr/Dryer Connection, Split Bedroom Plan, Fireplace, Elevator-Interior
  • Kitchen: 14x18
  • Living Room: 27x19
  • Master Bedroom: 19x15
  • Other Rooms: 1st Floor Bedrooms, 1st Floor Baths, Foyer, Laundry/Utility, Mother In Law Suite
  • Primary Bathroom: Double Sink, Garden Tub, Shower
  • Kitchen Type: Range, Work Island, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Breakfast Bar, Pantry, Range Hood, Stainless Steel Apps., Solid Surface Countertops
  • Master Bedroom Type: Ceiling Fan, Walk-In Closet
  • Bedrooms: 5
  • Dining Room Type: Formal
  • Formal Dining: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Levels: Three Or More
  • Total Sq Ft: 4525

Exterior Features

  • Exterior Features: Balcony, Front Porch, Fencing, Back Load Garage
  • Exterior Finish: Concrete Fiber Siding
  • Foundation: Slab
  • Number Of Acres: 0.06

Garage/Parking

  • Type: Detached

Utilities

  • Utilities Available: Electricity, Natural Gas, Water Public, Sewer, Cable Tv, Telephone

Condo/Co-op/Association

  • HOA Fee Includes: Pool Service, Landscape/Lawn, Internet Access

Schools

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

Lot Info

  • Lot Location: Inside City Limits, East Of Highway 17 Bypass, Lake/Pond View
  • Zoning: C-6

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 21, 2022
Closed on
Jan 5, 2023
Sold by
Farrow Jeffrey A
Bought by
Hoxha Klodjan and Backa Ergjena
Seller's Agent
Reena Artz
CB Sea Coast Advantage CF
Buyer's Agent
Vesel Emini
CENTURY 21 Boling & Associates
List Price
$794,900
Sold Price
$750,000
Premium/Discount to List
-$44,900
-5.65%
Views
93
Current Estimated Value
$809,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,547
Avg. Annual Appreciation
2.82%
Original Mortgage
$500,000
Outstanding Balance
$483,762
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$325,785

Purchase Details

Closed on
Jul 31, 2018
Sold by
Dockstreet At The Market Common Inc
Bought by
Farrow Jeffrey A and Frost Ronald D
Source: Public Records

Range of Values:

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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
Hoxha Klodjan $750,000 --
Farrow Jeffrey A $533,430 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoxha Klodjan $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2023 01/06/23 Sold $750,000 -5.1% $222 / Sq Ft
10/04/2022 10/04/22 Price Changed $790,000 -0.6% $233 / Sq Ft
08/21/2022 08/21/22 For Sale $794,900 -- $235 / 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 $2,940 $32,955 $5,000 $27,955
2023 $2,940 $21,980 $3,090 $18,890
2021 $2,024 $21,978 $3,086 $18,892
2020 $1,750 $21,978 $3,086 $18,892
2019 $8,496 $21,978 $3,086 $18,892
2018 $846 $2,116 $2,116 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2218929

Coastal Carolinas Association of REALTORS®

APN: 44603040122