NOT LISTED FOR SALE

577 Summerhill Dr Myrtle Beach, SC 29579

Estimated Value: $445,000 - $456,000

4 Beds
3 Baths
2,246 Sq Ft
$201/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $309,000 $138 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,611/month

308 Days on Market

Highlights

  • Lake On Lot
  • Family Room with Fireplace
  • Main Floor Primary Bedroom
  • Carolina Forest Elementary School Rated A-
  • Traditional Architecture
  • Bonus Room

About This Home

As of August 2020

LOCATION, LOCATION, LOCATION. You can't find a better view overlooking the fountain in Covington Lake than in this CUSTOM built ALL BRICK home. It is beautifully maintained and has 3 bedrooms and a bonus room making it a 4 bedroom, 3 bath home. CUSTOM maple cabinets thru-out and GRANITE and STAINLESS STEEL appliances in the kitchen. HARDWOOD floors in great room and dining room, MOSIAC TILE in entry way. Double tray ceiling and GAS FIREPLACE in great room, and tray ceiling in dining room and master bedroom. SOAKING tub and shower in master bath. Split bedroom plan and OVERSIZED 2 car garage. Well maintained yard with 6 zone sprinkler system with timer. In addition - the Community Pool was brand new in 2019! Seller would consider a lease back after closing for 6-8 months. All information is deemed reliable but is not guaranteed. Buyer is responsible for all verification.

Last Agent to Sell the Property

Sharon Wright

Wright Realty and Builders, In License #31921 Listed on: 08/07/2019

Last Buyer's Agent

The Eichin Team

Realty ONE Group Dockside

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,223

Year Built

  • Built in 2015

Lot Details

  • 8,276 Sq Ft Lot
  • Rectangular Lot
  • Property is zoned RE

HOA Fees

  • $65 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Four Sided Brick Exterior Elevation
  • Tile

Interior Spaces

  • 2,246 Sq Ft Home
  • Tray Ceiling
  • Ceiling Fan
  • Insulated Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Carpet
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Area or Nook
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Single Vanity
  • Shower Only
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Lake On Lot
  • Patio
  • Front Porch

Location

  • Outside City Limits

Schools

  • Carolina Forest Elementary School
  • Ten Oaks Middle School
  • Carolina Forest High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association fees include electric common, insurance, legal and accounting, landscape/lawn, common maint/repair, manager, pool service, water and sewer
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,223

Year Built

Built in 2015

Lot Details

0

HOA Fees

$65 per month

Parking

4

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 72 x 120
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Pool - Outdoor Community, Long Term Rental Allowed, Owner Allowed Motorcycle, Owner Allowed Golf Cart
  • Estimated Year Built: 2015
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Ceiling Fan, Fireplace, Tray Ceiling
  • Floor Cover: Carpeting, Tile, Wood
  • HOA Fee Frequency: Monthly
  • Great Family Room: 20 x 16
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 65
  • HOA Management Company: Premier Mgmt 843-357-4515
  • Lvt Date: 08/07/2019
  • Sold Total Heated Sq Ft: 2246
  • Sold Total Sq Ft: 3031
  • Style: Traditional
  • Type Of Parking: Attached 2-Car
  • Vehicle Parking Capacity: 4
  • Total Heated Sq Ft: 2246
  • Geo Subdivision: SC
  • Section Subdivision: Carolina Forest - Covington Lake
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2015

Interior Features

  • Bedroom 1: 12 x 12
  • Bedroom 2: 12 x 12
  • Dining Room: 12 x 13
  • Interior Amenities: Garage Door Opener, Stairs To Attic, Wshr/Dryer Connection, Washer/Dryer, Split Bedroom Plan
  • Kitchen: 22 x 10
  • Master Bedroom: 14 x 17
  • Other Rooms: 1st Floor Bedrooms, 1st Floor Baths, Bonus Room, Foyer, Laundry/Utility
  • Primary Bathroom: Garden Tub, Shower, Vanity
  • Kitchen Type: Breakfast Nook, Dishwasher, Solid Surface Countertops, Garbage Disposal, Microwave, Refrigerator, Range, Stainless Steel Apps.
  • Master Bedroom Type: 1st Flr Level, Ceiling Fan, Tray Ceiling, Walk-In Closet
  • Bedrooms: 4
  • Dining Room Type: Formal, Lvr/Dr Combo, Tray Ceiling
  • Formal Dining: Yes
  • Full Bathrooms: 3
  • Levels: Single Level
  • Total Sq Ft: 3031

Exterior Features

  • Exterior Features: Patio, Front Porch, Rear Porch, Lawn Well, Insulated Doors/Windows, Side Load Garage
  • Exterior Finish: All Brick Home, Brick Veneer
  • Foundation: Slab
  • Number Of Acres: 0.19

Garage/Parking

  • Type: Detached

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Insurance, Legal And Accounting, Landscape/Lawn, Common Maint/Repair, Manager, Pool Service, Water And Sewer

Schools

  • Elementary School: Carolina Forest Elementary School
  • Middle School: Ten Oaks Middle
  • High School: Carolina Forest High School

Lot Info

  • Lot Location: On Lake/Pond, Outside City Limits
  • Zoning: RE

MLS Schools

  • Elementary School: Carolina Forest Elementary School
  • HighSchool: Carolina Forest High School
  • Middle School: Ten Oaks Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2019
Closed on
Aug 10, 2020
Sold by
Chabba Shrinivas
Bought by
Cassano William and Cassano Marianne T
Seller's Agent
Sharon Wright
Wright Realty and Builders, In
Buyer's Agent
The Eichin Team
Realty ONE Group Dockside
List Price
$329,000
Sold Price
$309,000
Premium/Discount to List
-$20,000
-6.08%
Current Estimated Value
$452,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,052
Avg. Annual Appreciation
7.79%
Original Mortgage
$297,224
Interest Rate
3%
Mortgage Type
VA

Purchase Details

Closed on
Feb 8, 2014
Sold by
Lachance Brian Dean and Lachance Derek Adam
Bought by
Chabba Shrinivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2012
Sold by
Lachance Joyce
Bought by
Lachance Brian Dean

Purchase Details

Closed on
May 26, 2006
Sold by
Hommer Martin H and Hommer Marilyn F
Bought by
Lachance William G and Lachance Joyce

Purchase Details

Closed on
Nov 21, 2002
Sold by
Covington Lake Lp
Bought by
Hommer Martin H and Hommer Marilyn F
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
Cassano William $309,000 --
Chabba Shrinivas $33,000 --
Lachance Brian Dean -- --
Lachance William G $128,000 None Available
Hommer Martin H $48,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cassano William $297,304
Closed Cassano William $297,224
Previous Owner Chabba Shrinivas $200,000
Previous Owner Chabba Shrinivas $19,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2020 08/10/20 Sold $309,000 -1.6% $138 / Sq Ft
05/19/2020 05/19/20 Price Changed $314,000 -1.6% $140 / Sq Ft
03/12/2020 03/12/20 Price Changed $319,000 -0.9% $142 / Sq Ft
03/01/2020 03/01/20 Price Changed $322,000 -0.9% $143 / Sq Ft
02/02/2020 02/02/20 Price Changed $325,000 -1.2% $145 / Sq Ft
08/07/2019 08/07/19 For Sale $329,000 -- $146 / 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 $1,223 $18,039 $3,680 $14,359
2023 $1,223 $12,458 $2,354 $10,104
2021 $1,079 $12,458 $2,354 $10,104
2020 $994 $12,526 $1,922 $10,604
2019 $994 $12,526 $1,922 $10,604
2018 $894 $9,484 $1,320 $8,164
2017 $879 $9,484 $1,320 $8,164
2016 -- $9,484 $1,320 $8,164
2015 $427 $1,320 $1,320 $0
2014 $413 $1,980 $1,980 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1917292

Coastal Carolinas Association of REALTORS®

APN: 39809010021