NOT LISTED FOR SALE

5508 N Ocean Blvd Unit 506 North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $455,000 - $512,000

3 Beds
2 Baths
1,350 Sq Ft
$786/mo HOA Fee

Last Sold September 22, 2017

Last sale price $160,000 $119 Per Sq Ft

Est. 201% increase in value since last sale

Current estimated payment $3,628/month

106 Days on Market

Highlights

  • Ocean Front
  • Private Pool
  • Balcony
  • Ocean Drive Elementary School Rated A
  • Furnished
  • Secured Garage or Parking

About This Home

As of September 2017

Spacious, furnished 3 bedroom, 2 bath condo with oversized balcony for the morning sunrise & ocean view. Secured access to building, pool, exercise room, grill & picnic area. PRICED FOR QUICK SALE!

Last Agent to Sell the Property

Sarah Perkins-Nichols

Perkins-Nichols & Associates License #22742 Listed on: 04/13/2017

Last Buyer's Agent

Richard Christenbury

Beach Living Realty License #44142

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,569

Year Built

  • Built in 1985

Lot Details

  • Ocean Front

HOA Fees

  • $786 Monthly HOA Fees

Home Design

  • Entry on the 5th floor
  • Steel Siding
  • Tile

Interior Spaces

  • 1,350 Sq Ft Home
  • Furnished
  • Window Treatments
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Secured Garage or Parking
  • Parking Garage Space

Outdoor Features

  • Private Pool
  • Balcony

Schools

  • Ocean Drive Elementary School
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

  • Underground Utilities
  • Cable TV Available

Community Details

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, legal and accounting, master antenna/cable TV, common maint/repair
  • High-Rise Condominium

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,569

Year Built

Built in 1985

Lot Details

0

HOA Fees

$786 per month

Listing Details

  • Unit Location: Oceanfront-Unit
  • Estimated Year Built: 1985
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Monthly HOA as Calculated: 786
  • HOA Management Company: Benchmark 843-249-1779
  • Lvt Date: 04/13/2017
  • Sold Total Heated Sq Ft: 1350
  • Sold Total Sq Ft: 1450
  • Total Heated Sq Ft: 1350
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building
  • Exterior Unit Features: Balcony, Pool-Outdoor Private
  • HOA Fees include insurance: Yes
  • Project Section Code: Hyperion Tower
  • Rental Mgmt Contract: Yes
  • Which Floor: 05
  • Geo Subdivision: SC
  • Special Features: 12
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Microwave
  • Bedrooms: 3
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 1450

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Under Bldg.

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Underground Utilities, Water Public

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair

Schools

  • Elementary School: Ocean Drive Elementary
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Zoning: MF

MLS Schools

  • Elementary School: Ocean Drive Elementary
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2017
Closed on
Sep 15, 2017
Sold by
Drake Zachariah J
Bought by
Darling Michael R and Darling Kimberly J
Seller's Agent
Sarah Perkins-Nichols
Perkins-Nichols & Associates
Buyer's Agent
Richard Christenbury
Beach Living Realty
List Price
$249,000
Sold Price
$160,000
Premium/Discount to List
-$89,000
-35.74%
Current Estimated Value
$481,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,860
Avg. Annual Appreciation
15.05%

Purchase Details

Closed on
Oct 13, 2005
Sold by
Wagner Carole F
Bought by
Drake Zachariah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
1.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 7, 2004
Sold by
506Hyperion Llc
Bought by
Wagner Carole F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
4.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 30, 2002
Sold by
Drennan Marvin F and Drennan Mary C
Bought by
506 Hyperion Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 8, 1998
Sold by
Phifer Earl C and Phifer Velma T
Bought by
Drennan Marvin F and Drennan Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.06%
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
Darling Michael R $160,000 --
Drake Zachariah J $425,000 --
Wagner Carole F $292,000 --
506 Hyperion Llc $215,000 --
Drennan Marvin F $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drake Zachariah J $340,000
Previous Owner Wagner Carole F $262,000
Previous Owner 506 Hyperion Llc $172,000
Previous Owner Drennan Marvin F $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2017 09/22/17 Sold $160,000 -35.7% $119 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
04/13/2017 04/13/17 For Sale $249,000 -- $184 / 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 $3,569 $28,560 $0 $28,560
2023 $3,569 $27,300 $0 $27,300
2021 $3,247 $27,300 $0 $27,300
2020 $3,212 $27,300 $0 $27,300
2019 $3,098 $27,300 $0 $27,300
2018 $2,855 $21,840 $0 $21,840
2017 $2,830 $12,480 $0 $12,480
2016 -- $12,480 $0 $12,480
2015 $2,806 $21,840 $0 $21,840
2014 $2,716 $12,480 $0 $12,480
Source: Public Records

Agents Affiliated with this Home

  • Sarah Perkins-Nichols

    Seller's Agent in 2017

    Sarah Perkins-Nichols

    Perkins-Nichols & Associates

    (843) 424-1544

    2 in this area

    30 Total Sales

    Sarah Perkins-Nichols
    Section Image
  • Richard Christenbury

    Buyer's Agent in 2017

    Richard Christenbury

    Beach Living Realty

    (843) 616-1777

    1 in this area

    7 Total Sales

    Richard Christenbury
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1708548

Coastal Carolinas Association of REALTORS®

APN: 35209030154

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

5508 N Ocean Blvd Unit 506, North Myrtle Beach, SC

This home is located at 5508 N Ocean Blvd Unit 506, North Myrtle Beach, SC 29582 since 13 April 2017 and is currently estimated at $481,860, approximately $356 per square foot. This property was built in 1985. 5508 N Ocean Blvd Unit 506 is a home located in Horry County with nearby schools including Ocean Drive Elementary School, North Myrtle Beach Middle School, and North Myrtle Beach 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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