NOT LISTED FOR SALE

Myrtle Beach Resort 5905 S Kings Hwy Unit 312-B Myrtle Beach, SC 29575

Estimated Value: $202,000

2 Beds
2 Baths
968 Sq Ft
$900/mo HOA Fee

Last Sold May 01, 2024

Last sale price $195,000 $201 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,026/month

14 Days on Market

Highlights

  • Spa
  • Gated Community
  • Furnished
  • Lakewood Elementary Rated A
  • Clubhouse
  • Lawn

About This Home

As of May 2024

Fantastic location being the third condo from the ocean in B-building at MB Resort. Beautiful view of the ocean from private balcony. The building has a large pool, hot tub and fitness center. Myrtle Beach Resort is unique as it has a 33-acre gated oceanfront campus with a variety of amenities including six pools, two indoors, lazy river, hot tubs, saunas, tennis courts, fitness rooms, bocce court, game room, 24-hour security, and activities from playgrounds to a beachfront bar and grill.

Last Listed By

Mitchell Gainforth

Gainforth Real Estate License #61321 Listed on: 03/01/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $0

Year Built

  • Built in 1983

Lot Details

  • Lawn

HOA Fees

  • $900 Monthly HOA Fees

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Steel Siding

Interior Spaces

  • 968 Sq Ft Home
  • Furnished
  • Dining Area

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Single Vanity
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Outdoor Features

  • Spa
  • Built-In Barbecue

Schools

  • Lakewood Elementary School
  • Socastee Middle School
  • Socastee High School

Utilities

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

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, security, rec. facilities, legal and accounting, master antenna/cable TV, common maint/repair, telephone service in unit, long distance phone, internet access, pest control
  • Mid-Rise Condominium

Amenities

  • Door to Door Trash Pickup
  • Clubhouse
  • Elevator

Recreation

Building Details

  • Security

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$0

Year Built

Built in 1983

Lot Details

0

HOA Fees

$900 per month

Listing Details

  • Unit Location: Oceanview-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Security, Tennis Court, Seller Disclosure, Home Owners Assn Fee, Gated Community, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Lazy River, Pool-Indoor Community
  • Estimated Year Built: 1983
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Vinyl, Carpeting
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 900
  • HOA Management Company: 843-839-1350 ONSITE HOA
  • Lvt Date: 03/01/2024
  • Sold Total Heated Sq Ft: 968
  • Sold Total Sq Ft: 968
  • Total Heated Sq Ft: 968
  • Building Style: Mid-Rise 4-6 Stories
  • Building Location: Oceanfront-Building, East Of Bus 17, Outside City Limits, East Of Highway 17 Bypass
  • Exterior Unit Features: Balcony, Lawn Sprinkler, Built-In Bbq, Elevator-Exterior, Handicap Access, Spa/Hot Tub
  • Gross Annual Rental Incom: AVG $25K year per owner
  • HOA Fees include insurance: Yes
  • Project Section Code: Mb Resort II
  • Rental Mgmt Contract: Yes
  • Which Floor: 03
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1983

Interior Features

  • Furnished: Yes
  • Interior Amenities: Fire Sprinkler, Smoke Detector, Furnished
  • Primary Bathroom: Vanity, Tub/Shower Combo
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Microwave, Range Hood
  • Bedrooms: 2
  • Dining Room Type: Area
  • Full Bathrooms: 2
  • Total Sq Ft: 968

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: 1.5 Car Unit

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Telephone Service In Unit, Long Distance Phone, Internet Access, Pest Control

Schools

  • Elementary School: Lakewood Elementary School
  • Middle School: Socastee Middle School
  • High School: Socastee High School

Lot Info

  • Zoning: RC

MLS Schools

  • Elementary School: Lakewood Elementary School
  • HighSchool: Socastee High School
  • Middle School: Socastee Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 27, 2024
Sold by
Morris Malcom S
Bought by
Jones Edgar L and Jones Sara L
Seller's Agent
Mitchell Gainforth
Gainforth Real Estate
Buyer's Agent
Jason Cooksey
RE/MAX Southern Shores
List Price
$205,000
Sold Price
$195,000
Premium/Discount to List
-$10,000
-4.88%
Total Days on Market
14
Views
47
Current Estimated Value
$202,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,000
Avg. Annual Appreciation
3.59%
Original Mortgage
$150,637
Outstanding Balance
$149,181
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$52,819

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
Jones Edgar L $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Edgar L $150,637
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $195,000 -4.9% $201 / Sq Ft
03/01/2024 03/01/24 For Sale $205,000 -- $212 / 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
2023 $0 $12,075 $0 $12,075
2021 $1,557 $12,075 $0 $12,075
2020 $1,460 $12,075 $0 $12,075
2019 $1,460 $12,075 $0 $12,075
2018 $0 $12,915 $0 $12,915
2017 $1,599 $7,380 $0 $7,380
2016 -- $7,380 $0 $7,380
2015 $1,599 $12,915 $0 $12,915
2014 $1,546 $7,380 $0 $7,380
Source: Public Records

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Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2405263

Coastal Carolinas Association of REALTORS®

APN: 46009010205