NOT LISTED FOR SALE

505 54th Ave N North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $435,260 - $533,000

0.14 Acre
$3,522,050 Price per Acre
6,098 Sq Ft Lot

Last Sold November 13, 2020

Last sale price $225,000

Est. 119% increase in value since last sale

Current estimated payment $3,029/month

605 Days on Market

Highlights

  • Property fronts a channel
  • Cul-De-Sac
  • Rectangular Lot
  • Ocean Drive Elementary School Rated A

About This Lot

As of November 2020

Waterway lot in a Intracoastal Waterway community in a upscale neighborhood called Heritage Shores. Canal front and only a few minutes to the inlet that leads to the ocean. Close to all the activities North Myrtle Beach has to offer yet sill away from all the tourist action. Public boat launch and pier one minute away and a new nature trail at the end of the community which is only a few blocks away. There are some very nice homes in this community. Owner may consider partial owner financing for a qualified buyer.

Last Agent to Sell the Property

Edwin Lozada

CENTURY 21 Thomas License #58976 Listed on: 03/19/2019

CENTURY 21 Thomas

Last Buyer's Agent

Edwin Lozada

CENTURY 21 Thomas License #58976 Listed on: 03/19/2019

CENTURY 21 Thomas

Property Details

Property Type

  • Land

Lot Details

  • 6,098 Sq Ft Lot
  • Property fronts a channel
  • Cul-De-Sac
  • Rectangular Lot
  • Cleared Lot

Additional Features

  • East of US 17
  • Phone Available

Community Details

  • Intracoastal Waterway Community

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Lot Description: Cul-De-Sac, Rectangular
  • Four Sided Lot Measurement: 50x125x50x125
  • Class: Land
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 03/21/2019
  • Estm Road Frontage: 50 ft.
  • Previous Tax Mapnumber: 1311503012
  • Additional Information: Cleared
  • Estimated Lot Size: Less Than 1/2 Acre
  • Number Of Lots: 1
  • Residence: Land Only
  • Road Surface: Blacktop
  • Utilities To Site: Electricity, Water, Sewer, Phone, Tv Cable, Underground
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 0.14

Garage/Parking

  • Type: Residential Lot

Utilities

  • Sewer: Public
  • Water: Public

Schools

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

Lot Info

  • Lot Location: Inside City Limits, East Of Business 17, On Channel, In Icw Community
  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2023
Sold by
Sumerlin Cyrus A
Bought by
Trent Rick and Trent Lisa
Current Estimated Value
$493,087

Purchase Details

Listed on
Mar 19, 2019
Closed on
Nov 16, 2020
Sold by
Applegate Jeanne N Tr
Bought by
Sumerlin Cyrus A and Sumerlin Diane H
Seller's Agent
Edwin Lozada
CENTURY 21 Thomas
Buyer's Agent
Edwin Lozada
CENTURY 21 Thomas
List Price
$299,900
Sold Price
$225,000
Premium/Discount to List
-$74,900
-24.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.82%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Trent Rick $425,000 --
Sumerlin Cyrus A $225,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $225,000 -19.6% --
06/20/2019 06/20/19 Price Changed $279,900 -6.7% --
03/19/2019 03/19/19 For Sale $299,900 -- --
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 -- $27,900 $27,900 $0
2023 $4,969 $13,725 $13,725 $0
2021 $3,107 $13,725 $13,725 $0
2020 $5,473 $13,725 $13,725 $0
2019 $5,364 $13,725 $13,725 $0
2018 $5,866 $15,150 $15,150 $0
2017 $5,836 $15,150 $15,150 $0
2016 -- $15,150 $15,150 $0
2015 $3,406 $15,150 $15,150 $0
2014 $3,297 $15,150 $15,150 $0
Source: Public Records

Agents Affiliated with this Home

  • Edwin Lozada

    Seller's Agent in 2020

    Edwin Lozada

    CENTURY 21 Thomas

    (843) 504-8393

    6 in this area

    58 Total Sales

    Edwin Lozada
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1906534

Coastal Carolinas Association of REALTORS®

APN: 35209010102

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

505 54th Ave N, North Myrtle Beach, SC

This home is located at 505 54th Ave N, North Myrtle Beach, SC 29582 since 19 March 2019 and is currently estimated at $493,087. 505 54th Ave N 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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