NOT LISTED FOR SALE

5229 Lomond Ln Unit Lot 71 Myrtle Beach, SC 29579

Estimated Value: $563,000 - $714,000

0.25 Acre
$2,490,284 Price per Acre
10,890 Sq Ft Lot

Last Sold August 21, 2012

Last sale price $42,000

Est. 1,382% increase in value since last sale

Current estimated payment $3,548/month

98 Days on Market

About This Lot

As of August 2012

Wonderful opportunity in the prestigious Legends Development. Located just off Hwy 501, with easy access to everything Myrtle Beach has to offer, Legends is just six miles west of the ocean. This peaceful, private residential community of beautifully designed single family neighborhoods is connected by walking/biking trails winding through a series of park-like settings. With 3 award-winning golf courses, a stunning Scottish clubhouse, an Old World pub, a 30-acre lighted practice facility, access to 2 oceanfront resorts, 3 pools, 2 hot tubs, tennis courts, two restaurants and an elegant guard gate, Legends has truly first class amenities to enjoy. This nice lot is located right on the lake with nice water features. Take advantage of foreclosure pricing and build when you want, with whatever builder you prefer. Ask about financing. Call about this one today.

Last Agent to Sell the Property

Georgeanne Rice

Realty ONE Group Dockside License #72545 Listed on: 03/05/2012

Realty ONE Group Dockside

Last Buyer's Agent

WILLIAM CHARLSON

Legends Real Estate License #5965

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,764

Lot Details

  • 0.25 Acre Lot

HOA Fees

  • $100 Monthly HOA Fees

Community Details

Recreation

  • Golf Course Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,764

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Four Sided Lot Measurement: 80X140X80X140
  • Class: Land
  • HOA Fee Frequency: Semi-Annually
  • HOA Management Company: New Town843-903-5863
  • Previous Tax Mapnumber: 162-37-01-054
  • Monthly HOA Calculated: 100
  • Geo Subdivision: SC
  • Special Features: 20
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 0.25

Garage/Parking

  • Type: Residential Lot

Schools

  • Elementary School: Carolina Forest Elementary School
  • Middle School: Ocean Bay Middle School
  • High School: Carolina Forest High School

Lot Info

  • Lot Location: In Golf Course Community
  • Zoning: Residentia

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2016
Sold by
Baker Newcomb
Bought by
Baker Newcomb
Current Estimated Value
$622,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,813
Outstanding Balance
$259,164
Interest Rate
3.47%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$369,069

Purchase Details

Closed on
Aug 27, 2014
Sold by
Rembis Barry J
Bought by
Baker Mewcomb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,143
Interest Rate
4.19%
Mortgage Type
VA

Purchase Details

Closed on
Jun 20, 2013
Sold by
Rsp Builders
Bought by
Rembis Barry J

Purchase Details

Listed on
Mar 5, 2012
Closed on
Aug 20, 2012
Sold by
Bank Of North Carolina
Bought by
Rsp Builders
Seller's Agent
Georgeanne Rice
Realty ONE Group Dockside
Buyer's Agent
WILLIAM CHARLSON
Legends Real Estate
List Price
$47,500
Sold Price
$42,000
Premium/Discount to List
-$5,500
-11.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.92%

Purchase Details

Closed on
Feb 7, 2012
Sold by
Master In Equity Horry County
Bought by
Bank Of North Carolina

Purchase Details

Closed on
Apr 19, 2005
Sold by
Legends Properties Llc
Bought by
Palmetto State Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
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
Baker Newcomb -- --
Baker Mewcomb $344,000 --
Rembis Barry J $321,750 --
Rsp Builders $42,000 --
Bank Of North Carolina $37,924 --
Palmetto State Development Llc $52,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Newcomb $321,813
Previous Owner Baker Mewcomb $331,143
Previous Owner Palmetto State Development Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2012 08/21/12 Sold $42,000 -11.6% --
06/11/2012 06/11/12 Pending -- -- --
03/05/2012 03/05/12 For Sale $47,500 -- --
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 $1,764 $24,145 $6,211 $17,934
2023 $1,764 $15,612 $2,128 $13,484
2021 $1,377 $16,424 $2,128 $14,296
2020 $1,228 $16,424 $2,128 $14,296
2019 $1,228 $16,424 $2,128 $14,296
2018 $0 $13,576 $3,584 $9,992
2017 $1,067 $13,576 $3,584 $9,992
2016 -- $13,576 $3,584 $9,992
2015 $1,246 $13,577 $3,585 $9,992
2014 -- $13,577 $3,585 $9,992
Source: Public Records

Agents Affiliated with this Home

  • Georgeanne Rice

    Seller's Agent in 2012

    Georgeanne Rice

    Realty ONE Group Dockside

    16 Total Sales

    Georgeanne Rice
    Section Image
  • WILLIAM CHARLSON

    Buyer's Agent in 2012

    WILLIAM CHARLSON

    Legends Real Estate

    (843) 602-4597

    27 in this area

    41 Total Sales

    WILLIAM CHARLSON
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1203987

Coastal Carolinas Association of REALTORS®

APN: 40016040073

South Carolina Horry County Myrtle Beach 29526

5229 Lomond Ln Unit Lot 71, Myrtle Beach, SC

This home is located at 5229 Lomond Ln Unit Lot 71, Myrtle Beach, SC 29579 since 05 March 2012 and is currently estimated at $622,571. 5229 Lomond Ln Unit Lot 71 is a home located in Horry County with nearby schools including River Oaks Elementary School, Ten Oaks Middle, and Carolina Forest 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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