NOT LISTED FOR SALE

5001 N Ocean Blvd Unit 3-L North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $219,000 - $271,000

2 Beds
2 Baths
767 Sq Ft
$500/mo HOA Fee

Last Sold February 05, 2024

Last sale price $255,000 $332 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,008/month

33 Days on Market

Highlights

  • Unit is on the top floor
  • Corner Lot
  • Lawn
  • Ocean Drive Elementary School Rated A
  • Furnished
  • Solid Surface Countertops

About This Home

As of February 2024

This beautiful ocean view condo is nestled in the Cherry Grove section of North Myrtle Beach. Ideal for a delightful vacation rental or a serene retreat. Stand in your living room and gaze out to the gorgeous ocean views just beyond your balcony. This property is just steps away from a section of North Myrtle Beach’s most pristine beaches. Not far from delicious local restaurants, shopping and plenty of things to do! A nearby boat launch is perfect for water enthusiasts, with great opportunities for paddle boarding and exploration. HOA dues covering water, sewer, cable TV, and internet. Benefit from low electric bills. Ready to move right in; this unit is being sold turn-key. The complex features a lovely pool, two charcoal grills, an outdoor shower, sand stations, and a secure storage room for personal items and water toys. Book your private showing today!

Last Agent to Sell the Property

Nic Engler

INNOVATE Real Estate Listed on: 10/09/2023

INNOVATE Real Estate

Co-Listed By

Katie Engler

INNOVATE Real Estate License #105577

Last Buyer's Agent

The Abe Safa Team

Century 21 The Harrelson Group

Century 21 The Harrelson Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,010

Year Built

  • Built in 1976

Lot Details

  • Rectangular Lot
  • Lawn

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Entry on the 3rd floor
  • Vinyl Siding

Interior Spaces

  • 767 Sq Ft Home
  • Furnished
  • Window Treatments
  • Open Floorplan
  • Dining Area
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Schools

  • Ocean Drive Elementary School
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Balcony
  • Unit is on the top floor

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, pool service, landscape/lawn, insurance, manager, legal and accounting, master antenna/cable TV, common maint/repair, internet access, pest control
  • Low-Rise Condominium

Amenities

  • Door to Door Trash Pickup

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,010

Year Built

Built in 1976

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Lot Description: Corner, Rectangular
  • Unit Location: Oceanview-Unit, Top Floor
  • Amenities Available: Pool-Outdoor Community, Restrictions, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance
  • Estimated Year Built: 1976
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Wood
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Window/Wall Unit
  • Monthly HOA as Calculated: 500
  • HOA Management Company: Coastal Association Management 843-663-2040
  • Lvt Date: 10/09/2023
  • Sold Total Heated Sq Ft: 767
  • Sold Total Sq Ft: 823
  • Total Heated Sq Ft: 767
  • Building Style: Low-Rise 2-3 Stories
  • Building Location: Oceanview-Building, Inside City Limits, East Of Bus 17, Second Row Beach
  • Exterior Unit Features: Balcony
  • Gross Annual Rental Incom: $22,000
  • HOA Fees include insurance: Yes
  • Project Section Code: A Place At The Beach II Cherry - Grove
  • Rental Mgmt Contract: Yes
  • Which Floor: 03
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1976

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Furnished
  • Primary Bathroom: Shower
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Microwave, Stainless Steel Apps., Solid Surface Countertops
  • Bedrooms: 2
  • Dining Room Type: Area, Kit/Dr Combo, Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 823

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Crawl

Garage/Parking

  • Type: Condo
  • Parking: 1.5 Car Unit

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Pool Service, Landscape/Lawn, Insurance, Manager, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Internet Access, Pest Control

Schools

  • Elementary School: Ocean Drive Elementary
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Zoning: RES

MLS Schools

  • Elementary School: Ocean Drive Elementary
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Jan 26, 2024
Sold by
Elite Homes And Land Inc
Bought by
Stombaugh Larry and Stombaugh Kimberly
Seller's Agent
Nic Engler
INNOVATE Real Estate
Buyer's Agent
The Abe Safa Team
Century 21 The Harrelson Group
List Price
$269,000
Sold Price
$255,000
Premium/Discount to List
-$14,000
-5.2%
Views
87
Current Estimated Value
$237,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,200
Avg. Annual Appreciation
-4.00%
Original Mortgage
$150,000
Outstanding Balance
$147,354
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$90,446

Purchase Details

Closed on
Sep 21, 2023
Sold by
Elite Real Estate Investments Llc
Bought by
Elite Homes And Land Inc and Oak Plantation Llc

Purchase Details

Closed on
Oct 29, 2014
Sold by
Wiedholz Carolyn H and Wiedholz Joseph A
Bought by
Elite Real Estate Investments Llc and Elite Homes & Land Inc

Purchase Details

Closed on
Dec 16, 2005
Sold by
Maddry James M and Maddry Karen K
Bought by
Wiedholz Joseph A and Wiedholz Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,200
Interest Rate
6.28%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 25, 2005
Sold by
Barber Paul H and Barber Virginia J
Bought by
Maddry James M and Maddry Karen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,500
Interest Rate
5.51%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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
Stombaugh Larry $255,000 --
Elite Homes And Land Inc $40,000 --
Elite Real Estate Investments Llc $72,251 --
Wiedholz Joseph A $191,000 --
Maddry James M $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stombaugh Larry $150,000
Previous Owner Wiedholz Joseph A $38,200
Previous Owner Wiedholz Joseph A $152,800
Previous Owner Maddry James M $15,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2024 02/05/24 Sold $255,000 -3.7% $332 / Sq Ft
10/24/2023 10/24/23 Price Changed $264,900 -1.9% $345 / Sq Ft
10/09/2023 10/09/23 Price Changed $269,900 +0.3% $352 / Sq Ft
10/09/2023 10/09/23 For Sale $269,000 -- $351 / 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 $3,010 $13,920 $0 $13,920
2023 $3,010 $12,285 $0 $12,285
2021 $1,437 $12,285 $0 $12,285
2020 $1,421 $12,285 $0 $12,285
2019 $1,371 $12,285 $0 $12,285
2018 $0 $9,660 $0 $9,660
2017 $1,252 $5,520 $0 $5,520
2016 -- $5,520 $0 $5,520
2015 $1,241 $9,660 $0 $9,660
2014 -- $5,520 $0 $5,520
Source: Public Records

Agents Affiliated with this Home

  • Nic Engler

    Seller's Agent in 2024

    Nic Engler

    INNOVATE Real Estate

    (843) 798-0909

    9 in this area

    134 Total Sales

    Nic Engler
    Section Image
  • Katie Engler

    Seller Co-Listing Agent in 2024

    Katie Engler

    INNOVATE Real Estate

    (843) 798-0909

    2 in this area

    20 Total Sales

    Katie Engler
    Section Image
  • The Abe Safa Team

    Buyer's Agent in 2024

    The Abe Safa Team

    Century 21 The Harrelson Group

    (843) 360-2145

    15 in this area

    623 Total Sales

    The Abe Safa Team
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2320453

Coastal Carolinas Association of REALTORS®

APN: 35209040146

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

5001 N Ocean Blvd Unit 3-L, North Myrtle Beach, SC

This home is located at 5001 N Ocean Blvd Unit 3-L, North Myrtle Beach, SC 29582 since 09 October 2023 and is currently estimated at $237,800, approximately $310 per square foot. This property was built in 1976. 5001 N Ocean Blvd Unit 3-L is a home located in Horry County with nearby schools including Ocean Drive Elementary School, North Myrtle Beach Middle School, and North Myrtle Beach High 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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