$1,625,000
SOLD DEC 7, 2018

5938 Channel St North Myrtle Beach, SC 29582

Cherry Grove Neighborhood
4 Beds
6 Baths
3,850 Sq Ft
0.6 Acres

Recently Sold

$422 Per Sq Ft

18% Below List Price

488 Days on Market

Highlights

  • Ocean View
  • Boat Dock
  • RV or Boat Parking
  • Ocean Drive Elementary School Rated A
  • Boat Ramp
  • Property fronts a channel

About This Home

As of November 2022

Wayyyyyyyyyyyyy below appraisal!!! BREATHTAKING PANORAMIC WATER VIEWS! Sold Furnished! Watch the sunrise as well as the moon rise!!! This home boasts spectacular views of the ocean, channels, inlet and marsh from every room of this 3800 HSF masterpiece. Specially designed for this double lot, this home includes all the luxury specs one would find in a home of this caliber. Professional designed for those with the most discriminating tastes this home offers travertine floor in the main living area, electric hurricane shutters, elevator, fireplace, alarm system, 3 heat pumps, and an irrigation system to keep the tropical landscaping plush. This home also has a double car garage plus massive storage area with built-in shelving as well as a golf cart garage. it has 2 outside showers w/dressing areas, massive decks on the channel, floating dock, boat float & boat ramp. 6ft. of water @ low tide. This home was built on 33 pilings, 36ft. deep, has hardy board siding, trex decking, screened porch with tile flooring, and maintenance free vinyl windows. Gourmet kitchen features: Viking & sub-zero appliances and marble counter tops. All of this surrounded by water!!! You must see this home before you buy!!!

Last Agent to Sell the Property

Michael King

KingOne Properties License #16395 Listed on: 04/19/2017

KingOne Properties

Last Buyer's Agent

Sarah Richardson

CENTURY 21 Thomas Main Street License #48825

CENTURY 21 Thomas Main Street

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,426

Year Built

  • Built in 2002

Lot Details

  • Property fronts a channel
  • Property fronts a marsh
  • Fenced

Parking

  • Garage
  • Tuck Under Parking
  • Garage Door Opener
  • RV or Boat Parking

Home Design

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

Interior Spaces

  • 3,850 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Workshop
  • Screened Porch
  • Carpet
  • Ocean Views

Kitchen

  • Breakfast Bar
  • Double Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Handicap Accessible

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
  • Underground Utilities
  • Water Heater
  • Water Purifier
  • Phone Available
  • Cable TV Available

Community Details

Recreation

  • Boat Dock

Additional Features

  • The community has rules related to fencing
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,426

Year Built

Built in 2002

Lot Details

0

Parking

4

Listing Details

  • Lot Description: Designated Flood Zone
  • Estimated Year Built: 2002
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Living Room Type: Bar, Beam, Ceiling Fan, Fireplace, Sunken, Vaulted/Cathedral Ceiling
  • Lvt Date: 04/19/2017
  • Sold Total Heated Sq Ft: 3850
  • Sold Total Sq Ft: 6000
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 4
  • Total Heated Sq Ft: 3850
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2002

Interior Features

  • Interior Amenities: Wind Treat Convey, Garage Door Opener, Water Purifier, Security System, Smoke Detector, Wshr/Dryer Connection, Furnished, Handicap Access, Fireplace, Elevator-Interior
  • Other Rooms: 1st Floor Bedrooms, 1st Floor Baths, Den/Study/Library, Foyer, Laundry/Utility, Screened Porch, Workshop
  • Primary Bathroom: Double Sink, Shower, Whirlpool Tub
  • Kitchen Type: Breakfast Bar, Ceiling Fan, Double Oven, Dishwasher, Garbage Disposal, Microwave, Pantry, Refrigerator, Range, Stainless Steel Apps., Trash Compactor, Work Island
  • Master Bedroom Type: 1st Flr Level, Vaulted/Cath. Ceiling, Ceiling Fan, Walk-In Closet
  • Bedrooms: 4
  • Dining Room Type: Area, Kit/Dr Combo
  • Formal Dining: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Levels: Three Or More
  • Total Sq Ft: 6000

Exterior Features

  • Exterior Features: Patio, Deck, Balcony, Front Porch, Rear Porch, Fencing, Lawn Sprinkler, Boat Parking, Boat Dock, Elevator-Exterior, Boat Ramp
  • Exterior Finish: Concrete Fiber Siding, Stucco
  • Foundation: Raised Beach

Garage/Parking

  • Type: Detached

Utilities

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

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
  • Zoning: RES

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
$2,624,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,566
Avg. Annual Appreciation
2.47%
Original Mortgage
$2,080,000
Outstanding Balance
$2,025,698
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$764,587

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
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 Type Sale Price Title Company
Warranty Deed $2,600,000 --
Warranty Deed $1,625,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,080,000 New Conventional
Previous Owner $1,300,000 New Conventional
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 $106,156 $64,000 $42,156
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

    314 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

    45 in this area

    105 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: 1708939

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 and is currently priced at $1,625,000, approximately $422 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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