NOT LISTED FOR SALE

516 3rd Ave S Surfside Beach, SC 29575

Estimated Value: $328,192 - $934,000

6 Beds
6 Baths
2,525 Sq Ft
$224/Sq Ft Est. Value

Last Sold July 03, 2014

Last sale price $171,000 $68 Per Sq Ft

Est. 231% increase in value since last sale

Current estimated payment $3,358/month

270 Days on Market

About This Home

As of July 2014

Great investment opportunity here with good income from three apartments with annual leasing. Located in desirable Surfside Beach, about half way from between the Hwy 17 Bus. and the ocean so it is within walking distance and of course a golf cart ride. Two front units A & B are identical, 2 BR and 1 3/4 Baths each side with living/dining area combination and open kitchen with stove and refrigerator. Each has an open front porch, and each has a laundry closet with connections for stack type washer & dryer. Third apartment is a larger 2 BR 2 BA unit located behind the front two, very quiet and private with oak trees for shade, with large living area and the BR's share a Jack and Jill Bath, plus there is a second Bath of of the Living area. The eat-in kitchen has a stove and refrigerator. There is a laundry closet off the Living room with connections for full size washer & dryer. Live in one, rent the others, rent all three either way a great way to generate cash flow. Great investment-recent appraisal supports the list price. Call for an appt. to see. Thank you. All measurements and dimensions should be confirmed by buyer.

Last Agent to Sell the Property

Randy Harrison

Harrison Realty Company License #12936 Listed on: 06/20/2013

Last Buyer's Agent

Traci Miles

CENTURY 21 Boling & Associates License #44476

CENTURY 21 Boling & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,512

Lot Details

  • 8,712

Home Design

  • Triplex
  • Wood Frame Construction
  • Siding

Utilities

  • Cooling System Mounted To A Wall/Window
  • Phone Available
  • Cable TV Available

Additional Features

  • Crawl Space
  • Irregular Lot
  • East of US 17

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,512

Lot Details

0

Listing Details

  • Lot Description: Irregular
  • Four Sided Lot Measurement: 59x138x68x148
  • Amenities Available: Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle
  • Class: Multi-Family
  • Estimated Under Roof Sq Ft: 2525
  • Legal Description: Lot 10 Blk 2
  • Sold Total Heated Sq Ft: 2250
  • Sold Total Sq Ft: 2525
  • Two Bedroom Rent Range: $495-$625
  • Estimated Gross Scheduled Rent: $19,740
  • Estimated Heated Building Sq Ft: 2250
  • Misc Structural: Sep. Water Meter, Sep. Electric Meter, Individual Water Heater, Indiv. Heat & Air
  • Number2 Br Units: 3
  • Safety Features: Smoke/Heat Detector
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Finish: Wood Frame, Siding
  • Foundation: Crawl

Garage/Parking

  • Type: Triplex

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public
  • Heating Cooling: Baseboard, Window/Wall Unit, Electric

Schools

  • Elementary School: Saint James Elementary School
  • Middle School: Saint James Middle School
  • High School: Saint James High School

Lot Info

  • Lot Location: East Of Bus. 17, Inside City Limits
  • Zoning: R-2

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2013
Closed on
Jun 30, 2014
Sold by
Lett John D and Rogers Johnny S
Bought by
Sturgill Audreanna R
Seller's Agent
Randy Harrison
Harrison Realty Company
Buyer's Agent
Traci Miles
CENTURY 21 Boling & Associates
List Price
$189,900
Sold Price
$171,000
Premium/Discount to List
-$18,900
-9.95%
Current Estimated Value
$565,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,298
Avg. Annual Appreciation
10.82%
Original Mortgage
$163,975
Interest Rate
3.87%
Mortgage Type
FHA
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
Sturgill Audreanna R $171,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sturgill Audreanna R $232,000
Closed Sturgill Audreanna R $163,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2014 07/03/14 Sold $171,000 -10.0% $68 / Sq Ft
03/17/2014 03/17/14 Pending -- -- --
06/20/2013 06/20/13 For Sale $189,900 -- $75 / 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 $2,512 $11,034 $4,735 $6,299
2023 $2,512 $11,034 $4,735 $6,299
2021 $2,290 $10,131 $4,683 $5,448
2020 $2,887 $10,131 $4,683 $5,448
2019 $2,887 $10,131 $4,683 $5,448
2018 $0 $7,187 $3,047 $4,140
2017 $2,498 $7,187 $3,047 $4,140
2016 -- $7,187 $3,047 $4,140
2015 $2,498 $7,187 $3,047 $4,140
2014 $2,919 $8,827 $3,047 $5,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1311052

Coastal Carolinas Association of REALTORS®

APN: 46107010032