NOT LISTED FOR SALE

542 Myrtle Ave Pawleys Island, SC 29585

Estimated Value: $2,073,241

5 Beds
3 Baths
1,787 Sq Ft
$1,160/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $1,750,000 $979 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,967/month

174 Days on Market

Highlights

  • Ocean Front
  • Boat Dock
  • Deck
  • Waccamaw Elementary School Rated A-
  • 1.65 Acre Lot
  • Creek On Lot

About This Home

As of March 2022

The "Rap Rascal", appropriately named for an "arrogantly shabby" home...is not just resting on Pawleys Island, but also on the oceanfront AND creekfront, WITHIN the Island's Historic District. History abounds all over Pawleys, but none more than this center Island location, a place between the two Causeways, where proposals are offered, teenagers frolic each year during the Summer's "first week at the beach", Fourth of July celebrated in style, family gatherings are revered and remembered forever, deep conversations frequent both the creekfront covered dock and the dune walk-over to the beach; and, well, once in a blue moon, there is seen a "Gray Man" walking the beach before a storm. If yours, you will not hesitate to talk about Pawleys to all you know. You will be proud, and at the same time, you will claim the Island as yours. As soon as the word gets out of your new purchase, your friend-group will explode. So come take a peek. "Rap Rascal" is really a cool place. There's absolutely nothing like Pawleys. NOTHING.

Last Agent to Sell the Property

Cal Harrelson

Peace Sotheby's Intl Realty PI License #12833 Listed on: 09/02/2021

Peace Sotheby's Intl Realty PI

Last Buyer's Agent

Cal Harrelson

Peace Sotheby's Intl Realty PI License #12833 Listed on: 09/02/2021

Peace Sotheby's Intl Realty PI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,701

Year Built

  • Built in 1969

Lot Details

  • 1.65 Acre Lot
  • Property fronts a marsh
  • Ocean Front
  • Irregular Lot

Parking

  • Tuck Under Parking

Property Views

  • Ocean
  • Creek or Stream

Home Design

  • Stilt Home
  • Split Level Home
  • Raised Foundation
  • Siding

Interior Spaces

  • 1,787 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Family or Dining Combination
  • Screened Porch
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 3 Full Bathrooms

Outdoor Features

  • Creek On Lot
  • Deck

Location

  • Flood Zone Lot
  • East of US 17

Schools

  • Waccamaw Elementary School
  • Waccamaw Middle School
  • Waccamaw High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Community Details

Overview

  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,701

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Lot Description: Irregular, Designated Flood Zone
  • Amenities Available: Seller Disclosure, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcyle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Boat Dock
  • Estimated Year Built: 1969
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Ceiling Fan
  • Floor Cover: Wood
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Heat, Central Air
  • Lvt Date: 09/02/2021
  • Sold Total Heated Sq Ft: 1787
  • Sold Total Sq Ft: 2789
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 2
  • Total Heated Sq Ft: 1787
  • Geo Subdivision: SC
  • Ground Floor Heated Sq Ft: 200
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1969

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Wshr/Dryer Connection, Washer/Dryer, Furnished
  • Other Rooms: 1st Floor Bedrooms, 1st Floor Baths, Screened Porch
  • Kitchen Type: Range, Work Island, Refrigerator, Microwave, Breakfast Bar, Pantry
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 5
  • Dining Room Type: Fam/Dr Combo
  • Full Bathrooms: 3
  • Levels: Split Level
  • Total Sq Ft: 2789

Exterior Features

  • Exterior Features: Deck, Rear Porch, Boat Dock
  • Exterior Finish: Siding
  • Foundation: Raised Beach
  • Number Of Acres: 1.65

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Electricity, Water Public, Sewer, Cable Tv

Schools

  • Elementary School: Waccamaw Elementary School
  • Middle School: Waccamaw Middle School
  • High School: Waccamaw High School

Lot Info

  • Lot Location: Oceanfront Lot, On Inlet/Creek, Inside City Limits, East Of Bus 17, Oceanview Lot, Marsh/Wetlans View, East Of Highway 17 Bypass, Inlet/Creek View
  • Zoning: Res

MLS Schools

  • Elementary School: Waccamaw Elementary School
  • HighSchool: Waccamaw High School
  • Middle School: Waccamaw Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2022
Sold by
Chicora Eat Llc
Bought by
Fincastle Holdings Llc
Current Estimated Value
$2,073,241

Purchase Details

Listed on
Sep 2, 2021
Closed on
Mar 30, 2022
Sold by
Allen Madden Jr Arthur
Bought by
Chicora Eat Llc
Seller's Agent
Cal Harrelson
Peace Sotheby's Intl Realty PI
Buyer's Agent
Cal Harrelson
Peace Sotheby's Intl Realty PI
List Price
$1,995,000
Sold Price
$1,750,000
Premium/Discount to List
-$245,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%

Purchase Details

Closed on
Apr 30, 2020
Sold by
Estate Of Helen Hefner Madden
Bought by
Madden Arthur Allen and Madden Brandon Vaughan
Source: Public Records

Range of Values:

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Average Value
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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
Fincastle Holdings Llc -- Bradshaw & Company Llc
Chicora Eat Llc $1,750,000 None Listed On Document
Madden Arthur Allen -- None Available
Madden Arthur Allen -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $1,750,000 -2.5% $979 / Sq Ft
09/30/2021 09/30/21 Price Changed $1,795,000 -10.0% $1,004 / Sq Ft
09/02/2021 09/02/21 For Sale $1,995,000 -- $1,116 / 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 $23,701 $96,640 $72,000 $24,640
2023 $23,701 $96,640 $72,000 $24,640
2022 $16,531 $70,610 $58,800 $11,810
2021 $16,016 $0 $0 $0
2020 $15,994 $0 $0 $0
2019 $14,433 $0 $0 $0
2018 $4,635 $0 $0 $0
2017 $4,261 $0 $0 $0
2016 $4,208 $42,672 $0 $0
2015 $4,080 $0 $0 $0
2014 $4,080 $1,086,400 $940,000 $146,400
2012 -- $1,086,400 $940,000 $146,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2119625

Coastal Carolinas Association of REALTORS®

APN: 42-0173-027-00-00