NOT LISTED FOR SALE

504 67th Ave N Unit 506 67th Ave N. Myrtle Beach, SC 29572

Grande Dunes Neighborhood

Estimated Value: $383,000 - $965,000

8 Beds
4 Baths
8,813 Sq Ft
$62/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $574,000 $65 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,341/month

1 Day on Market

About This Home

As of November 2020

Presenting this financial opportunity to optimize earning potential with 7 residential apartment units. This complex consists of two separate buildings. Two units in the single story structure and 5 units located in the 2 story structure. Each unit contains 2 bedrooms 1 bath and is equipped with a full kitchen. Stoplight access from 67th Ave North onto Highway 17 Business. Property is located within a short distance to the 67th Ave North Public Beach Access. This complex affords you easy access to the beach and golfing along with all of the other activities and happenings in Myrtle Beach including fun eateries, award winning off-Broadway shows, public fishing piers, and intriguing shopping adventures along the Grand Strand. Conveniently located to your everyday needs, including grocery stores, banks, post offices, medical centers, doctors’ offices, and pharmacies. Check out our state of the art 3-D Virtual Tour.

Last Agent to Sell the Property

Robin Farmer

The Ocean Forest Company License #48499 Listed on: 10/20/2020

Last Buyer's Agent

Gregory Harrelson

Century 21 The Harrelson Group

Century 21 The Harrelson Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,181

Year Built

  • Built in 1970

Home Design

  • 8,813 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Location

  • East of US 17

Utilities

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

Community Details

  • 7 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,181

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Four Sided Lot Measurement: 114 x 251 x 100 x 249
  • Amenities Available: Long Term Rental Allowed
  • Estimated Year Built: 1970
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 10/20/2020
  • Sold Total Heated Sq Ft: 8813
  • Sold Total Sq Ft: 9500
  • Total Heated Sq Ft: 8813
  • Two Bedroom Rent Range: 795 to 950
  • Estimated Gross Scheduled Rent: $70380 yr
  • Number2 Br Units: 7
  • Safety Features: Smoke/Heat Detector, Lead Based Paint Disc.
  • Utilities Owner Pays: Water/Sewer
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Interior Features

  • Total Sq Ft: 9500

Exterior Features

  • Exterior Finish: Brick Veneer
  • Foundation: Slab

Garage/Parking

  • Type: Apartments

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public
  • Heating Cooling: Central Heat, Central Air

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
  • Zoning: RMH

Multi Family

  • Number Of Units: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2022
Sold by
Schmidt Linda M
Bought by
Optima Investment Properties Llc
Current Estimated Value
$548,792

Purchase Details

Closed on
Jun 28, 2017
Sold by
Reed Doris S
Bought by
Schmidt Linda M
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
Optima Investment Properties Llc $345,000 --
Schmidt Linda M $65,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $574,000 -4.3% $65 / Sq Ft
10/20/2020 10/20/20 For Sale $599,900 -- $68 / 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 $5,181 $20,352 $15,348 $5,004
2023 $5,181 $13,374 $9,072 $4,302
2021 $3,479 $14,114 $9,770 $4,344
2020 $3,445 $14,114 $9,770 $4,344
2019 $3,445 $14,114 $9,770 $4,344
2018 $3,094 $11,630 $6,710 $4,920
2017 $2,122 $8,275 $5,179 $3,096
2016 -- $8,275 $5,179 $3,096
2015 $2,098 $8,275 $5,179 $3,096
2014 $2,038 $8,269 $5,179 $3,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2022337

Coastal Carolinas Association of REALTORS®

APN: 42106020003