NOT LISTED FOR SALE

614 5th Ave S Unit The Palms @5th Avenu North Myrtle Beach, SC 29582

Ocean Drive Neighborhood

Estimated Value: $575,000 - $693,000

3 Beds
2.5 Baths
2,284 Sq Ft
$277/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $390,000 $171 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,697/month

5 Days on Market

Highlights

  • Private Pool
  • Deck
  • Solid Surface Countertops
  • Ocean Drive Elementary School Rated A
  • Main Floor Primary Bedroom
  • Screened Porch

About This Home

As of May 2016

3 Bedroom 2 1/2 bath raised beach style home located in a great community east of Highway 17 in the Ocean Drive Section of North Myrtle Beach. Enjoy the beauty of the Teak Hardwood floors as you enter the home. Large dining area with breakfast bar. Granite counter tops and upgraded cabinets. Enjoy your morning coffee or your evening beverage on the screened in porch off the great room. Master bedroom is on the main level with large walk in closet, tiled step in shower and garden tub with double vanities in the master bath. Powder room available for guest. Separate laundry room with storage. Home is wired for surround sound. BUT the is best is yet to come!! In ground salt water pool. Enjoy your days around the pool and for a change of pace hop in the golf cart and head to the beach or main street to dine or shop. City parking located at the end of 6th Ave. Lots of storage for all the beach toys. Composite decking for easy maintenance. Irrigation system. HVAC installed in 2013. Hurry this home is just waiting to be your beach home get away or your primary residence. Close to everything the wonderful Grand Strand has to offer.

Last Agent to Sell the Property

ONeal Bourne

RE/MAX Southern Shores NMB License #47557 Listed on: 03/18/2016

RE/MAX Southern Shores NMB

Last Buyer's Agent

William Langley

Langley Real Estate, LLC License #68198

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,822

Year Built

  • Built in 2006

Lot Details

  • Fenced
  • Rectangular Lot
  • Property is zoned R1

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Bi-Level Home
  • Raised Foundation
  • Vinyl Siding
  • Tile

Interior Spaces

  • 2,284 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Dining Area
  • Screened Porch
  • Carpet
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Private Pool
  • Deck
  • Wood patio

Location

  • 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
  • Phone Available
  • Cable TV Available

Community Details

  • The community has rules related to fencing, allowable golf cart usage in the community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,822

Year Built

Built in 2006

Lot Details

0

HOA Fees

$5 per month

Parking

6

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 55X110X55X110
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Seller Disclosure, Long Term Rental Allowed, Owner Allowed Golf Cart, Tenant Allowed Golf Cart
  • Estimated Year Built: 2006
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile, Wood
  • HOA Fee Frequency: Annually
  • Great Family Room: 17X17
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 5
  • HOA Management Company: Bill Davis 843-491-6543
  • Lvt Date: 03/18/2016
  • Sold Total Heated Sq Ft: 2284
  • Sold Total Sq Ft: 3039
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 6
  • Total Heated Sq Ft: 2284
  • Geo Subdivision: SC
  • Section Subdivision: The Palms at 5th Avenue South - NMB
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Bedroom 1: 16.10X13.5
  • Bedroom 2: 13.7X13.5
  • Dining Room: 15X15
  • Interior Amenities: Wind Treat Convey, Smoke Detector, Wshr/Dryer Connection
  • Master Bedroom: 16.8X13.7
  • Other Rooms: 1st Floor Bedrooms, Laundry/Utility, Screened Porch
  • Primary Bathroom: Double Sink, Garden Tub, Shower
  • Kitchen Type: Breakfast Bar, Dishwasher, Solid Surface Countertops, Garbage Disposal, Microwave, Pantry, Refrigerator, Range
  • Master Bedroom Type: 1st Flr Level, Ceiling Fan, Walk-In Closet
  • Bedrooms: 3
  • Dining Room Type: Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Levels: Two-Story
  • Total Sq Ft: 3039

Exterior Features

  • Exterior Features: Patio, Deck, Front Porch, Fencing, Pool-Outdoor Private, Outside Storage Attached, Insulated Doors/Windows
  • Exterior Finish: Vinyl Siding
  • 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: Inside City Limits, East Of Bus 17
  • Zoning: R1

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
Mar 18, 2016
Closed on
May 3, 2016
Sold by
Colston Robert J
Bought by
Langley Michael G
Seller's Agent
ONeal Bourne
RE/MAX Southern Shores NMB
Buyer's Agent
William Langley
Langley Real Estate, LLC
List Price
$411,550
Sold Price
$390,000
Premium/Discount to List
-$21,550
-5.24%
Total Days on Market
5
Current Estimated Value
$632,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,861
Avg. Annual Appreciation
5.46%
Original Mortgage
$351,000
Interest Rate
3.59%

Purchase Details

Closed on
Oct 7, 2014
Sold by
Colston Robert John and Resolute Colston Ann Beth
Bought by
Colston Robert John

Purchase Details

Closed on
Sep 14, 2007
Sold by
Kaufmann Scott W and Kaufmann Holly H
Bought by
Colston Robert John and Resolute Colston Ann Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,100
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2007
Sold by
Martinal Construction & Sales Inc
Bought by
Hicks Jerry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2005
Sold by
Pinnacle Builders Corp
Bought by
Kaufmann Scott W and Kaufmann Holly H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.21%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 7, 2005
Sold by
Palms 5Th Avenue Inc
Bought by
Pinnacle Builders Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,624
Interest Rate
5.61%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 7, 2002
Sold by
Carriage Oaks Inc
Bought by
Larson Alvar E
Source: Public Records

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Range of Values:

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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
Langley Michael G $390,000 --
Colston Robert John -- --
Colston Robert John $379,000 Attorney
Hicks Jerry A $460,000 None Available
Kaufmann Scott W $340,000 None Available
Pinnacle Builders Corp $97,500 --
Larson Alvar E $2,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Langley Michael Grey $312,000
Closed Langley Michael G $351,000
Previous Owner Colston Robert John $348,000
Previous Owner Colston Robert John $341,100
Previous Owner Hicks Jerry A $608,000
Previous Owner Kaufmann Scott W $345,000
Previous Owner Kaufmann Scott W $340,000
Previous Owner Pinnacle Builders Corp $259,624
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2016 05/03/16 Sold $390,000 -5.2% $171 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $411,550 -- $180 / 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 $1,822 $14,793 $4,853 $9,940
2023 $1,822 $14,793 $4,853 $9,940
2021 $1,600 $14,793 $4,853 $9,940
2020 $1,563 $14,793 $4,853 $9,940
2019 $1,446 $14,793 $4,853 $9,940
2018 $0 $15,468 $4,052 $11,416
2017 $1,604 $15,468 $4,052 $11,416
2016 -- $14,252 $4,052 $10,200
2015 $4,806 $21,378 $6,078 $15,300
2014 $1,347 $14,252 $4,052 $10,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1605891

Coastal Carolinas Association of REALTORS®

APN: 35608010030