NOT LISTED FOR SALE

502 Rainbow Dr Unit 30 Murrells Inlet, SC 29576

Estimated Value: $791,000 - $832,000

5 Beds
4.5 Baths
2,352 Sq Ft
$343/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $759,900 $323 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,048/month

11 Days on Market

Highlights

  • Private Pool
  • Furnished
  • Stainless Steel Appliances
  • Seaside Elementary Rated A-
  • Solid Surface Countertops
  • Front Porch

About This Home

As of August 2023

Welcome to your dream coastal retreat! This stunning, move-in ready raised beach home is fully furnished and waiting for you. Boasting 5 spacious bedrooms and 4 1/2 bathrooms, this home offers ample space for you and your guests to relax and unwind. The interior of this home is a true masterpiece. The modern kitchen features top-of-the-line stainless steel appliances, perfect for the aspiring chef in you. This home also has, two 28x7, expansive balconies that provide breathtaking views of the surrounding area. With plenty of space for outdoor furniture, these decks offer the perfect setting for entertaining friends and family or simply enjoying a quiet evening under the stars. Step outside and be greeted by your own private oasis—a sparkling inground heated pool, nestled within a fenced-in yard, ensuring complete privacy and tranquility. Imagine lounging by the poolside, soaking up the sun, and enjoying the gentle coastal breeze. Additionally, you'll find a lockable 10x18, golf cart storage area, perfect for storing your beach essentials and exploring the neighborhood in style. Also, there ample parking space for 10+ cars, ensuring convenience for you and your guests. Convenience is key in this home, as it is elevator ready! The Elevator Shaft is already built into the home, which serves as a hallway closet for now. There are NO HOA Fees! Location is everything, and this home offers the best of both worlds. Situated within walking distance or a short golf cart ride to the beautiful Beaches. Additionally, this property is conveniently located near shopping centers, dining establishments, Surfside Beach, and Garden City Pier, Hospital and schools, providing you with easy access to all your daily needs. Don't miss this incredible opportunity to own your own slice of paradise.

Last Agent to Sell the Property

Barbara Laverty

Real Broker, LLC (Greenville) License #69099 Listed on: 07/04/2023

Real Broker, LLC (Greenville)

Last Buyer's Agent

Samuel 'Sammy' Anderson

Keller Williams Innovate South License #120511

Keller Williams Innovate South

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,244

Year Built

  • Built in 2007

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced
  • Rectangular Lot
  • Property is zoned MSF 6

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Bi-Level Home
  • Raised Foundation
  • Vinyl Siding
  • Tile

Interior Spaces

  • 2,352 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Carpet
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Single Vanity
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Private Pool
  • Patio
  • Front Porch

Location

  • East of US 17

Schools

  • Seaside Elementary School
  • Saint James Middle School
  • Saint James High School

Utilities

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

Community Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,244

Year Built

Built in 2007

Lot Details

0

Parking

10

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 136 X 56 X 136 X 57
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Owner Allowed Golf Cart
  • Estimated Year Built: 2007
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Tile, Carpeting
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Living Room Type: Ceiling Fan
  • Lvt Date: 07/04/2023
  • Sold Total Heated Sq Ft: 2352
  • Sold Total Sq Ft: 2600
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 10
  • Total Heated Sq Ft: 2352
  • Geo Subdivision: SC
  • Ground Floor Heated Sq Ft: 2362
  • Section Subdivision: Myrtle Dunes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Bedroom 1: 14x11
  • Bedroom 2: 14x12
  • Bedroom 3: 14x12
  • Dining Room: 15x11
  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Smoke Detector, Wshr/Dryer Connection, Split Bedroom Plan, Furnished, Elevator Shaft-Interior
  • Kitchen: 15x8
  • Living Room: 19x12
  • Other Rooms: Laundry/Utility
  • Primary Bathroom: Vanity, Tub/Shower Combo
  • Kitchen Type: Range, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Breakfast Bar, Pantry, Stainless Steel Apps., Solid Surface Countertops
  • Master Bedroom Type: Ceiling Fan, Walk-In Closet
  • Bedrooms: 5
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Levels: Two-Story
  • Total Sq Ft: 2600

Exterior Features

  • Exterior Features: Patio, Front Porch, Fencing, Pool-Outdoor Private, Outside Storage Attached
  • Exterior Finish: Vinyl Siding
  • Foundation: Raised Beach
  • Number Of Acres: 0.17

Garage/Parking

  • Type: Detached

Utilities

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

Schools

  • Elementary School: Seaside Elementary School
  • Middle School: Saint James Middle School
  • High School: Saint James High School

Lot Info

  • Lot Location: East Of Bus 17
  • Zoning: MSF 6

MLS Schools

  • Elementary School: Seaside Elementary School
  • HighSchool: Saint James High School
  • Middle School: Saint James Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2023
Closed on
Aug 15, 2023
Sold by
Bowen Shannon Arrowood
Bought by
Weiser Jason Martin and Weiser Vanessa Lynn
Seller's Agent
Barbara Laverty
Real Broker, LLC (Greenville)
Buyer's Agent
Samuel 'Sammy' Anderson
Keller Williams Innovate South
List Price
$759,900
Sold Price
$759,900
Views
169
Current Estimated Value
$807,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,146
Avg. Annual Appreciation
4.69%
Original Mortgage
$566,325
Outstanding Balance
$556,092
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$281,792

Purchase Details

Listed on
Mar 22, 2019
Closed on
May 28, 2020
Sold by
Martin Michael H
Bought by
Bowen Shannon Arrowood
Seller's Agent
Joe Luzzi
South Strand Realty
Buyer's Agent
Layne Mureddu
RE/MAX Southern Shores GC
List Price
$465,000
Sold Price
$420,000
Premium/Discount to List
-$45,000
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.50%
Original Mortgage
$403,750
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2015
Closed on
Dec 29, 2015
Sold by
Dudley William L
Bought by
Martin Michael H and Martin Judy J
Seller's Agent
Theodore Stavrakis
Dream Realty Myrtle Beach, LLC
Buyer's Agent
Theodore Stavrakis
Dream Realty Myrtle Beach, LLC
List Price
$424,900
Sold Price
$400,000
Premium/Discount to List
-$24,900
-5.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.10%
Original Mortgage
$255,000
Interest Rate
3.96%

Purchase Details

Closed on
Sep 19, 2011
Sold by
Sedlack Gary L
Bought by
Dudley William L

Purchase Details

Closed on
Oct 26, 2005
Sold by
Armao Donna L and Armao Donna Lee
Bought by
Sedlack Gary L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Weiser Jason Martin $759,900 --
Bowen Shannon Arrowood $425,000 --
Martin Michael H $400,000 --
Dudley William L $325,000 --
Sedlack Gary L $184,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weiser Jason Martin $566,325
Previous Owner Bowen Shannon Arrowood $403,750
Previous Owner Martin Michael H $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $759,900 0.0% $323 / Sq Ft
07/04/2023 07/04/23 For Sale $759,900 +80.9% $323 / Sq Ft
06/12/2020 06/12/20 Sold $420,000 -1.2% $177 / Sq Ft
03/11/2020 03/11/20 Price Changed $425,000 -2.3% $179 / Sq Ft
03/02/2020 03/02/20 Price Changed $435,000 -2.2% $184 / Sq Ft
11/23/2019 11/23/19 Price Changed $444,900 -4.3% $188 / Sq Ft
03/22/2019 03/22/19 For Sale $465,000 +16.3% $196 / Sq Ft
12/30/2015 12/30/15 Sold $400,000 -5.9% $167 / Sq Ft
10/03/2015 10/03/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $424,900 -- $177 / 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 $9,244 $44,163 $22,137 $22,026
2023 $9,244 $16,539 $5,403 $11,136
2021 $1,510 $16,539 $5,403 $11,136
2020 $5,265 $17,531 $5,403 $12,128
2019 $5,265 $26,297 $8,105 $18,192
2018 $0 $23,734 $5,956 $17,778
2017 $4,906 $23,734 $5,956 $17,778
2016 -- $23,734 $5,956 $17,778
2015 $3,636 $17,555 $4,157 $13,398
2014 $3,441 $17,555 $4,157 $13,398
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2313175

Coastal Carolinas Association of REALTORS®

APN: 46214030099