NOT LISTED FOR SALE

5938 Channel St North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $2,695,414 - $2,828,000

4 Beds
6 Baths
4,120 Sq Ft
$669/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $2,600,000 $631 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $18,096/month

46 Days on Market

Highlights

  • Ocean View
  • Boat Dock
  • Home Theater
  • Ocean Drive Elementary School Rated A
  • Boat Ramp
  • Private Pool

About This Home

As of November 2022

Spectacular home in the most perfect location with picturesque panoramic views on all sides of the ocean, inlet, and channel. Northern most point of the Cherry Grove section of North Myrtle Beach. Enjoy the backyard oasis with a luxurious heated pool (with tanning ledge) with a waterfall from the hot tub, lots of palm trees and other tropical landscaping, pavers, hardscaping, fencing, extensive landscape and pool lighting, irrigation system, his/her outdoor changing and shower rooms, dock and floating dock, rip-rap all the way around, enormous decks to enjoy the views, screened in deck, electric roll-down hurricane shutters, extra-large area under the home (plenty of room for jet skis, cars, bikes, golf carts, boats), garage, storage, epoxy over concrete, metal roof, elevator to all three levels, mostly furnished, high end furniture inside and out, 4 bedrooms, separate office with built ins, open floor plan, lots of high quality windows and doors, natural light, gorgeous flooring throughout, extensive built ins, propane gas logs, GRANITE countertops, high end appliances, large pantry, tile backsplash, water filtration system, pot filler, butler’s pantry, wet bar, extensive crown molding, wide baseboards, Travertine flooring on the main level, recessed lighting, nice fixtures, huge master suite with amazing views, enormous walk-in closet, big master bathroom, large walk in tiled shower, soaking tub, double sinks, laundry room with cabinets, and wooden steps. It doesn’t get any better than this! The is absolute paradise.

Last Agent to Sell the Property

Scott Mathews

CENTURY 21 Thomas License #46963 Listed on: 05/13/2022

CENTURY 21 Thomas

Last Buyer's Agent

Jonathan Cox

Coastal First Properties, LLC License #76920

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,426

Year Built

  • Built in 2002

Lot Details

  • 0.6 Acre Lot
  • Property fronts a channel
  • Property fronts a marsh
  • Fenced
  • Irregular Lot

Parking

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

Property Views

  • Ocean
  • Creek or Stream

Home Design

  • Stilt Home
  • Raised Foundation
  • Concrete Siding
  • Stucco
  • Tile

Interior Spaces

  • 4,120 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Area
  • Home Theater
  • Den
  • Recreation Room
  • Loft
  • Bonus Room
  • Workshop
  • Screened Porch
  • Carpet
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Boat Ramp
  • Floating Dock
  • Creek On Lot
  • Balcony
  • Deck
  • Patio

Location

  • Flood Zone Lot
  • East of US 17

Schools

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

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • The community has rules related to fencing

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,426

Year Built

Built in 2002

Lot Details

0

Parking

8

Listing Details

  • Lot Description: Irregular, Designated Flood Zone
  • Estimated Year Built: 2002
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Tile, Wood, Carpeting
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Heat, Central Air
  • Living Room Type: Fireplace, Vaulted/Cathedral Ceiling, Ceiling Fan
  • Lvt Date: 05/13/2022
  • Sold Total Heated Sq Ft: 4120
  • Sold Total Sq Ft: 5100
  • Style: Raised Beach
  • Type Of Parking: Attached 2-Car
  • Vehicle Parking Capacity: 8
  • Total Heated Sq Ft: 4120
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Bedroom 1: 14x14
  • Bedroom 2: 14x13
  • Bedroom 3: 15x12
  • Dining Room: 14x17
  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Garage Door Opener, Workshop, Stairs To Attic, Smoke Detector, Wshr/Dryer Connection, Washer/Dryer, Split Bedroom Plan, Furnished, Fireplace, Elevator-Interior
  • Living Room: 19x17
  • Master Bedroom: 17x15
  • Other Rooms: Den/Study/Library, Recreation Room, Foyer, Laundry/Utility, Workshop, Screened Porch, Bonus Room, Media Room, Loft
  • Primary Bathroom: Double Sink, Shower, Tub
  • Kitchen Type: Range, Work Island, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Breakfast Bar, Stainless Steel Apps., Solid Surface Countertops
  • Master Bedroom Type: Ceiling Fan, Walk-In Closet, Sitting Area
  • Bedrooms: 4
  • Dining Room Type: Area
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Levels: Three Or More
  • Total Sq Ft: 5100

Exterior Features

  • Exterior Features: Patio, Deck, Balcony, Rear Porch, Fencing, Lawn Sprinkler, Pool-Outdoor Private, Spa/Hot Tub, Outside Storage Attached, Storm Doors, Storm Windows, Insulated Doors/Windows, Boat Dock, Boat Ramp, Side Load Garage, Additional Garage
  • Exterior Finish: Stucco, Concrete Fiber Siding
  • Foundation: Raised Beach
  • Number Of Acres: 0.6

Garage/Parking

  • Type: Detached

Utilities

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

Schools

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

Lot Info

  • Lot Location: On Channel, On Inlet/Creek, Inside City Limits, East Of Bus 17, Oceanview Lot, Floating Dock, Marsh/Wetlans View, Channel View, Inlet/Creek View
  • Zoning: R-1

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
May 13, 2022
Closed on
Nov 2, 2022
Sold by
Parks Steven M
Bought by
Koonce Sterling G and Koonce Caroline C
Seller's Agent
Scott Mathews
CENTURY 21 Thomas
Buyer's Agent
Jonathan Cox
Coastal First Properties, LLC
List Price
$2,800,000
Sold Price
$2,600,000
Premium/Discount to List
-$200,000
-7.14%
Views
26
Current Estimated Value
$2,757,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,138
Avg. Annual Appreciation
1.53%
Original Mortgage
$2,080,000
Outstanding Balance
$2,025,698
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$682,388

Purchase Details

Listed on
Apr 19, 2017
Closed on
Dec 7, 2018
Sold by
Perko Paul E
Bought by
Parks Steven M and Maisonneuve Parks Jill N
Seller's Agent
Michael King
KingOne Properties
Buyer's Agent
Sarah Richardson
CENTURY 21 Thomas Main Street
List Price
$1,990,000
Sold Price
$1,625,000
Premium/Discount to List
-$365,000
-18.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.77%
Original Mortgage
$1,300,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2000
Sold by
Perko Paul E and Perko Wanda G
Bought by
Perko Paul E and Perko Wanda G
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
Koonce Sterling G $2,600,000 --
Parks Steven M $1,625,000 --
Perko Paul E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koonce Sterling G $206,140
Open Koonce Sterling G $2,080,000
Previous Owner Parks Steven M $1,186,250
Previous Owner Parks Steven M $1,300,000
Previous Owner Perko Paul E $599,527
Previous Owner Perko Paul E $507,163
Previous Owner Perko Paul E $322,700
Previous Owner Perko Paul E $300,000
Previous Owner Perko Paul E $615,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2022 11/03/22 Sold $2,600,000 -7.1% $631 / Sq Ft
05/13/2022 05/13/22 For Sale $2,800,000 +72.3% $680 / Sq Ft
12/07/2018 12/07/18 Sold $1,625,000 -12.2% $422 / Sq Ft
06/14/2018 06/14/18 Price Changed $1,850,000 -7.0% $481 / Sq Ft
04/19/2018 04/19/18 Price Changed $1,989,900 0.0% $517 / Sq Ft
04/11/2018 04/11/18 Price Changed $1,990,000 -0.4% $517 / Sq Ft
02/22/2018 02/22/18 Price Changed $1,998,500 0.0% $519 / Sq Ft
12/06/2017 12/06/17 Price Changed $1,998,800 0.0% $519 / Sq Ft
11/09/2017 11/09/17 Price Changed $1,998,900 0.0% $519 / Sq Ft
10/23/2017 10/23/17 Price Changed $1,999,000 +0.5% $519 / Sq Ft
04/19/2017 04/19/17 For Sale $1,990,000 -- $517 / 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 $34,426 $101,480 $51,932 $49,548
2023 $34,426 $101,480 $51,932 $49,548
2021 $22,965 $101,480 $51,932 $49,548
2020 $22,711 $101,480 $51,932 $49,548
2019 $21,011 $97,322 $51,932 $45,390
2018 $0 $47,802 $29,994 $17,808
2017 $3,691 $47,802 $29,994 $17,808
2016 -- $47,802 $29,994 $17,808
2015 $3,620 $47,802 $29,994 $17,808
2014 $3,363 $47,802 $29,994 $17,808
Source: Public Records

Agents Affiliated with this Home

  • Scott Mathews

    Seller's Agent in 2022

    Scott Mathews

    CENTURY 21 Thomas

    (843) 222-7082

    54 in this area

    328 Total Sales

    Scott Mathews
    Section Image

  • J

    Buyer's Agent in 2022

    Jonathan Cox

    Coastal First Properties, LLC

    (910) 234-1407

    1 in this area

    42 Total Sales

    Jonathan Cox
    Section Image
  • Michael King

    Seller's Agent in 2018

    Michael King

    KingOne Properties

    (843) 455-2323

    46 in this area

    108 Total Sales

    Michael King
    Section Image

  • S

    Buyer's Agent in 2018

    Sarah Richardson

    CENTURY 21 Thomas Main Street

    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2210657

Coastal Carolinas Association of REALTORS®

APN: 35207040004

South Carolina Horry County North Myrtle Beach 29582 Cherry Grove

5938 Channel St, North Myrtle Beach, SC

This home is located at 5938 Channel St, North Myrtle Beach, SC 29582 since 13 May 2022 and is currently estimated at $2,757,138, approximately $669 per square foot. This property was built in 2002. 5938 Channel St 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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