$420,000
SOLD JUN 12, 2020

502 Rainbow Dr Unit 30 Murrells Inlet, SC 29576

5 Beds
4.5 Baths
2,368 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$177 Per Sq Ft

10% Below List Price

399 Days on Market

Highlights

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

About This Home

As of August 2023

AWESOME, BEACH LIVING AT ITS FINEST. JUST A SHORT WALK, BIKE OR GOLF CART RIDE TO THE BEST BEACHES ON THE STRAND. ENJOY SUNSETS FROM THE DINING ROOM TABLE, LIVING ROOM AND TWO DECKS WITH VISTAS WAY ABOVE GARDEN CITY. FULLY FURNISHED AND DESIGNER DECORATED WITH COMFORTS THROUGHOUT THIS BEAUTIFUL HOME. MASTER ON MAIN FLOOR AND A HALF BATH. THE KITCHEN IS FULL OF STAINLESS STEEL APPLIANCES. RECESSED LIGHTING SETS THE MOOD FOR ENTERTAINING AROUND THE HUGE BREAKFAST BAR. 2 UPPER BEDROOMS SHARE A JACK AND JILL IN REAR OF HOME. 2 FULL BATHS IN FRONT BEDROOMS THAT HAVE ACCESS TO THE UPPER DECK. ELEVATOR SHAFT BUILT INTO THE HOME SERVES AS A HALL CLOSET FOR NOW IS NEXT TO A LAUNDRY ROOM WITH LINEN CLOSET. PATIO AT ENTRANCE IDEAL FOR SHADY SPACE ENTERTAINING. THE POOL PATIO AND HUGE BACKYARD WITH PRIVACY FENCE GETS SUN ALMOST ALL DAY. LOTS OF PARKING SPACE. WORKSHOP WITH DOUBLE DOORS FOR YOUR GOLF CART AND STORAGE. EXTRA FRIDGE CONVEYS. VERY CLOSE TO GARDEN CITY/ SURFSIDE BEACH AMMENITIES, GOLF, PIERS, ENTERTAINMENT, FINE DINING AND ALL THE THINGS THAT MAKE BEACH LIFE EXCITING AND RELAXING.

Last Agent to Sell the Property

Joe Luzzi

South Strand Realty License #18149

Last Buyer's Agent

Layne Mureddu

RE/MAX Southern Shores GC License #98882

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,244

Year Built

  • Built in 2007

Lot Details

  • 7,405 Sq Ft Lot
  • Rectangular Lot

Parking

  • Tuck Under Parking

Home Design

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

Interior Spaces

  • 2,368 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Combination Dining and Living Room
  • Workshop
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Front Porch

Location

  • East of US 17

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Satellite Dish

Community Details

  • The community has rules related to 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: Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet
  • Estimated Year Built: 2007
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat, Electric, Forced Air
  • Living Room Type: Ceiling Fan
  • Lvt Date: 03/22/2019
  • Sold Total Heated Sq Ft: 2368
  • Sold Total Sq Ft: 2568
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 10
  • Total Heated Sq Ft: 2368
  • 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, Workshop, Smoke Detector, Wshr/Dryer Connection, Washer/Dryer, Split Bedroom Plan
  • Kitchen: 15X8
  • Living Room: 19X12
  • Master Bedroom: 17X14
  • Other Rooms: Laundry/Utility, Workshop
  • Kitchen Type: Breakfast Bar, Dishwasher, Solid Surface Countertops, Garbage Disposal, Microwave, Pantry, Refrigerator, Range, Stainless Steel Apps.
  • 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: 2568

Exterior Features

  • Exterior Features: Front Porch, Pool-Outdoor Private, Satelite Dish, Outside Storage Attached, Storm Doors, Storm Windows, Insulated Doors/Windows
  • Exterior Finish: Vinyl Siding
  • Foundation: Raised Beach
  • Number Of Acres: 0.17

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Electricity, Sewer, Water Public

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: RES

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
Realty ONE Group Dockside
Buyer's Agent
Samuel "Sammy" Anderson
Keller Williams Innovate South
List Price
$759,900
Sold Price
$759,900
Total Days on Market
399
Views
169
Current Estimated Value
$749,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,734
Avg. Annual Appreciation
-0.80%
Original Mortgage
$566,325
Outstanding Balance
$556,092
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$193,074

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
ICE Mortgage Technology INC
Buyer's Agent
Theodore Stavrakis
ICE Mortgage Technology INC
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

Map

Range of Values:

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ICE

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $759,900 --
Warranty Deed $425,000 --
Warranty Deed $400,000 --
Deed $325,000 --
Deed $184,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $566,325 New Conventional
Previous Owner $403,750 New Conventional
Previous Owner $255,000 No Value Available
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

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 $16,539 $5,403 $11,136
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

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1906578

Coastal Carolinas Association of REALTORS®

APN: 46214030099