NOT LISTED FOR SALE

603 5th Ave N Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $366,000 - $499,000

10 Beds
5 Baths
2,632 Sq Ft
$170/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $459,000 $174 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,750/month

1 Day on Market

About This Home

As of March 2023

This is a unique investment in the heart of Myrtle Beach! Two separate buildings each with two units available to rent (a total of 4 units). The front building left side unit is a 2 bedroom - 1 bath and the right side unit is a 3 bedroom - 1 bath. The rear building upstairs unit is a 2 bedroom - 1 bath and the downstairs unit is a 3 bedroom - 2 bath.

Last Agent to Sell the Property

Travis McClure

Century 21 Palms Realty License #103770 Listed on: 01/10/2023

Century 21 Palms Realty

Last Buyer's Agent

Robert Schreiber

The Hoffman Group License #25688

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,776

Year Built

  • Built in 1950

Lot Details

  • 9,148

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,632 Sq Ft Home
  • Crawl Space

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Middle School
  • Myrtle Beach High School

Additional Features

  • Rectangular Lot
  • East of US 17
  • Cooling System Mounted To A Wall/Window

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,776

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 9148
  • Amenities Available: Long Term Rental Allowed
  • Estimated Year Built: 1950
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 01/10/2023
  • Total Heated Sq Ft: 2632
  • Number2 Br Units: 2
  • Number3 Br Units: 2
  • Utilities Owner Pays: Trash, Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Total Sq Ft: 2632

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Crawl

Garage/Parking

  • Type: Quad

Utilities

  • Heating Cooling: Window/Wall Unit

Lot Info

  • Lot Location: Inside City Limits, East Of Highway 17 Bypass
  • Zoning: MF

Multi Family

  • Number Of Units: 4

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2023
Closed on
Mar 1, 2023
Sold by
Lefebvre Joseph M
Bought by
Arango Dennis
Seller's Agent
Travis McClure
Century 21 Palms Realty
Buyer's Agent
Robert Schreiber
The Hoffman Group
List Price
$459,000
Sold Price
$459,000
Views
117
Current Estimated Value
$446,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,242
Avg. Annual Appreciation
-0.97%
Original Mortgage
$321,300
Outstanding Balance
$311,140
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$135,618

Purchase Details

Listed on
Jun 1, 2016
Closed on
May 8, 2017
Sold by
Ritter Michael O
Bought by
Lefebvre Joseph M and Lefebvre Jaclyn P
Seller's Agent
Greg Sisson
The Ocean Forest Company
Buyer's Agent
Roberta Vellucci
Realty ONE Group DocksideNorth
List Price
$235,000
Sold Price
$211,500
Premium/Discount to List
-$23,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.24%
Original Mortgage
$158,625
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2007
Sold by
Anderson Betty J and Betty J Anderson Living Trust
Bought by
Ritter Michael O and Atkinson Sid E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2004
Sold by
Anderson Betty J
Bought by
Ritter Michael O and Atkinson Sid E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arango Dennis $459,000 --
Lefebvre Joseph M $211,500 --
Ritter Michael O -- None Available
Ritter Michael O $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arango Dennis $321,300
Previous Owner Lefebvre Joseph M $158,625
Previous Owner Ritter Michael O $85,000
Previous Owner Ritter Michael O $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2023 03/01/23 Sold $459,000 0.0% $174 / Sq Ft
01/10/2023 01/10/23 For Sale $459,000 +117.0% $174 / Sq Ft
05/08/2017 05/08/17 Sold $211,500 -10.0% $353 / Sq Ft View Prior Sale
04/05/2017 04/05/17 Pending -- -- --
06/01/2016 06/01/16 For Sale $235,000 -- $392 / 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 $4,776 $18,051 $6,480 $11,571
2023 $4,765 $11,954 $2,462 $9,492
2021 $3,348 $11,954 $2,462 $9,492
2020 $3,080 $11,954 $2,462 $9,492
2019 $3,080 $11,954 $2,462 $9,492
2018 $3,088 $11,606 $2,462 $9,144
2017 $1,809 $6,878 $2,462 $4,416
2016 -- $6,878 $2,462 $4,416
2015 $1,789 $6,879 $2,463 $4,416
2014 $1,739 $6,879 $2,463 $4,416
Source: Public Records

Agents Affiliated with this Home

  • Travis McClure

    Seller's Agent in 2023

    Travis McClure

    Century 21 Palms Realty

    (843) 321-9725

    2 in this area

    42 Total Sales

    Travis McClure
    Section Image
  • Robert Schreiber

    Buyer's Agent in 2023

    Robert Schreiber

    The Hoffman Group

    (843) 450-1309

    96 in this area

    104 Total Sales

    Robert Schreiber
    Section Image
  • Greg Sisson

    Seller's Agent in 2017

    Greg Sisson

    The Ocean Forest Company

    (843) 420-1303

    114 in this area

    1,672 Total Sales

    Greg Sisson
    Section Image
  • Roberta Vellucci

    Buyer's Agent in 2017

    Roberta Vellucci

    Realty ONE Group DocksideNorth

    (608) 335-9231

    16 Total Sales

    Roberta Vellucci
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2300585

Coastal Carolinas Association of REALTORS®

APN: 44304030028

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

603 5th Ave N, Myrtle Beach, SC

Not Listed for Sale

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