NOT LISTED FOR SALE

507 Chester St Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $474,894 - $672,000

8 Beds
4 Baths
3,096 Sq Ft
$187/Sq Ft Est. Value

Last Sold February 03, 2016

Last sale price $215,000 $69 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $3,522/month

150 Days on Market

About This Home

As of February 2016

Great set of apartments, 4 units. Great rental history. Each unit is 2 bedroom 1 bath. Located approximately 2 blocks from the ocean. Vinyl exteriors, great rental history. Room on the lot to add more units. Conveniently located close to area attractions such as the boardwalk, dining establishments, amusement rides, shows and shops. Square footage is approximate and not guaranteed. Buyer is responsible for verification.

Last Agent to Sell the Property

Christopher Hanna

CB Sea Coast Advantage CF License #12631 Listed on: 08/12/2015

Last Buyer's Agent

Bill Mattox

Copenhaver Properties License #18908

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,543

Year Built

  • Built in 1994

Lot Details

  • 0.34

Home Design

  • 3,096 Sq Ft Home
  • Vinyl Siding

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Intermediate School
  • Myrtle Beach High School

Additional Features

  • Rectangular Lot
  • East of US 17
  • Central Heating and Cooling System

Community Details

  • 4 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,543

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 59x228x59x227
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle
  • Estimated Year Built: 1994
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Sold Total Heated Sq Ft: 3096
  • Sold Total Sq Ft: 3390
  • Total Heated Sq Ft: 3096
  • Two Bedroom Rent Range: $595
  • Estimated Gross Scheduled Rent: 28,560
  • Estimated Operating Expense: 11,874
  • Misc Structural: Indiv. Heat & Air, Sep. Electric Meter
  • Number2 Br Units: 4
  • Utilities Owner Pays: Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Hotel Section
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1994

Interior Features

  • Total Sq Ft: 3390

Exterior Features

  • Exterior Finish: Vinyl Siding

Garage/Parking

  • Type: Apartments

Utilities

  • Heating Cooling: Central Air, Central Heat

Schools

  • Elementary School: Myrtle Beach Elementary School
  • Middle School: Myrtle Beach Intermediate School
  • High School: Myrtle Beach High School

Lot Info

  • Lot Location: East Of Bus. 17, Inside City Limits
  • Zoning: TA-80

Multi Family

  • Number Of Units: 4

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Intermediate School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2015
Closed on
Feb 2, 2016
Sold by
Dapolite Michael
Bought by
Zedonk Real Estate
Seller's Agent
Christopher Hanna
CB Sea Coast Advantage CF
Buyer's Agent
Bill Mattox
Copenhaver Properties
List Price
$259,900
Sold Price
$215,000
Premium/Discount to List
-$44,900
-17.28%
Current Estimated Value
$577,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,974
Avg. Annual Appreciation
11.93%

Purchase Details

Listed on
Jul 30, 2013
Closed on
Aug 8, 2014
Sold by
Hall William Clyde and Hall Lee Clarence
Bought by
Dapolite Michael
Seller's Agent
Christopher Hanna
CB Sea Coast Advantage CF
Buyer's Agent
Jody Nance
Beach & Golf Realty
List Price
$200,000
Sold Price
$167,000
Premium/Discount to List
-$33,000
-16.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.48%
Original Mortgage
$125,250
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2005
Sold by
Wall Randy L and Smith Barry L
Bought by
Hall Lee Clarence and Hall Patricia Carver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2004
Sold by
Robichaud Norbert and Robichaud Norbert J
Bought by
Wall Randy L and Smith Barry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2001
Sold by
Robichaud Norbert J
Bought by
Robichaud Norbert J

Purchase Details

Closed on
Aug 4, 1999
Sold by
Ulmer Pamela Jean
Bought by
Robichaud Norbert J
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
Zedonk Real Estate $215,000 --
Dapolite Michael $167,000 --
Hall Lee Clarence $240,000 --
Wall Randy L $205,000 --
Robichaud Norbert J $1,419 --
Robichaud Norbert J -- --
Ulmer Pamela Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zedonk Real Estate $277,500
Previous Owner Dapolite Michael $125,250
Previous Owner Hall Lee Clarence $70,000
Previous Owner Wall Randy L $164,000
Previous Owner Robichaud Norbert J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2016 02/03/16 Sold $215,000 -17.3% $69 / Sq Ft
01/09/2016 01/09/16 Pending -- -- --
08/12/2015 08/12/15 For Sale $259,900 +55.6% $84 / Sq Ft
08/08/2014 08/08/14 Sold $167,000 -16.5% $49 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
07/30/2013 07/30/13 For Sale $200,000 -- $59 / 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 $4,543 $35,286 $26,618 $8,668
2023 $4,543 $14,966 $9,126 $5,840
2021 $4,195 $15,282 $9,126 $6,156
2020 $3,858 $15,282 $9,126 $6,156
2019 $3,858 $15,282 $9,126 $6,156
2018 $0 $13,014 $9,126 $3,888
2017 $3,422 $13,014 $9,126 $3,888
2016 -- $13,014 $9,126 $3,888
2015 $3,383 $13,014 $9,126 $3,888
2014 $3,175 $13,014 $9,126 $3,888
Source: Public Records

Agents Affiliated with this Home

  • Christopher Hanna

    Seller's Agent in 2016

    Christopher Hanna

    CB Sea Coast Advantage CF

    (843) 251-5710

    36 in this area

    201 Total Sales

    Christopher Hanna
    Section Image

  • B

    Buyer's Agent in 2016

    Bill Mattox

    Copenhaver Properties

    (843) 602-6138

    Bill Mattox
    Section Image

  • J

    Buyer's Agent in 2014

    Jody Nance

    Beach & Golf Realty

See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1516121

Coastal Carolinas Association of REALTORS®

APN: 44401040016

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

507 Chester St, Myrtle Beach, SC

This home is located at 507 Chester St, Myrtle Beach, SC 29577 since 12 August 2015 and is currently estimated at $577,974, approximately $186 per square foot. This property was built in 1994. 507 Chester St is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary School.

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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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