NOT LISTED FOR SALE

513 S Coit St Florence, SC 29501

Timrod Park Neighborhood

Estimated Value: $838,047

Studio
-- Bath
12,000 Sq Ft
$70/Sq Ft Est. Value

Sale Details

Date Sold: May 25, 2021

Last sale price $1,000,000 $83 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $6,388 / mo

165 Days on Market

About This Home

As of May 2021

16 Unit Brick Apartment Complex at Timrod Park  Four brick buildings on nearly an acre.  Long term tenant base in place with excellent occupancy history.  Conveniently located in the downtown historic area within walking distance to Timrod Park, Drs. Bruce and Lee Library, FMU Performing Arts Center, The Florence Little Theater, and the Florence Museum.  A quick bike ride or direct sidewalk access from the site with pedestrian controlled cross signals to all of the historic downtown attractions, dining, entertainment, employment, the new state of the art Francis Marion Health Sciences Complex Educational facilities and the Florence Darlington Technical College Nursing Program.   Zoned for Briggs Elementary School. Rare opportunity for a complex of this size to turnover.  Florence rentals are in low supply and high demand, lots of opportunity for a strong long term investment in Florence's most vibrant up and coming historic area.

Last Agent to Sell the Property

John DeBerry

Griggs, Floyd, And Grantham In License #41520 Listed on: 10/12/2020

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1979

Lot Details

  • 37,026 Sq Ft Lot

Interior Spaces

  • 12,000 Sq Ft Home
  • 2-Story Property

Schools

  • Briggs Elementary School
  • Williams Middle School
  • Wilson High School

Community Details

  • 16 Units
  • City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 90075-04-009

Property Details

Home Type

Apartment

Year Built

Built in 1979

Lot Details

0.85 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Lvt Date: 10/12/2020
  • Type: Apartment Complex
  • Year Built: 1979
  • Agent Only_ L A1 User Code: 570
  • Second Address Number: 513
  • Geo Longitude: -79.770247
  • OFFICELIST_STATE: SC
  • FILLSUBDIVISION: CITY
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Price Per Sq Ft: 83.33
  • Number Of Stories: 2
  • Total Approx Sq Ft: 12000

Garage/Parking

  • Number Of Parking Spaces: 28

Schools

  • Elementary School: BRIGGS
  • High School: WILSON
  • Middle School: WILLIAMS

Lot Info

  • Number Of Acres: 0.85
  • Geo Subdivision: SC

Tax Info

  • Tax Map: 90075-04-009

Multi Family

  • Number Of Units: 16

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
May 25, 2021
Sold by
Bought by
Seller's Agent
John DeBerry
Griggs, Floyd, And Grantham In
List Price
$1,185,000
Sold Price
$1,000,000
Premium/Discount to List
-$185,000
-15.61%
Current Estimated Value
$838,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$161,953
Avg. Annual Appreciation
-3.45%
Original Mortgage
$700,000
Outstanding Balance
$622,345
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$215,702

Purchase Details

Closed on
Jan 14, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2002
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,000,000 None Available
$550,000 --
$382,772 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $700,000
Previous Owner $504,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/25/2021 05/25/21 Sold $1,000,000 0.0% $83 / Sq Ft
11/13/2020 11/13/20 Off Market $1,000,000 -- --
10/12/2020 10/12/20 For Sale $1,185,000 -- $99 / Sq Ft
Source: Pee Dee REALTOR® Association

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $22,386 $40,001 $5,520 $34,481
2024 $20,953 $40,001 $5,520 $34,481
2023 $21,333 $39,861 $4,800 $35,061
2022 $21,983 $39,861 $4,800 $35,061
2021 $12,147 $33,000 $0 $0
2020 $12,160 $33,000 $0 $0
2019 $11,973 $33,000 $0 $0
2018 $11,311 $33,000 $0 $0
2017 $11,093 $33,000 $0 $0
2016 $7,417 $23,210 $0 $0
2015 $7,414 $23,210 $0 $0
2014 $7,079 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John DeBerry

    Griggs, Floyd, And Grantham In

    (843) 621-4085

    13 in this area

    127 Total Sales

    John DeBerry
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Map

Source: Pee Dee REALTOR® Association

MLS Number: 20203234

Pee Dee REALTOR® Association

APN: 90075-04-009

South Carolina Florence County Florence 29501 Timrod Park

513 S Coit St, Florence, SC

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.

Pee Dee REALTOR® Association IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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