NOT LISTED FOR SALE

617 5th Ave S Unit The Palms at 5th Ave North Myrtle Beach, SC 29582

Ocean Drive Neighborhood

Estimated Value: $568,000 - $690,000

4 Beds
3.5 Baths
2,501 Sq Ft
$244/Sq Ft Est. Value

Last Sold September 13, 2016

Last sale price $320,000 $128 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,424/month

201 Days on Market

Highlights

  • Home Theater
  • Recreation Room
  • Den
  • Ocean Drive Elementary School Rated A
  • Soaking Tub in Primary Bathroom
  • Formal Dining Room

About This Home

As of September 2016

A one of a kind home in North Myrtle Beach! This 4 bedroom, 3.5 bathroom home allows you to enjoy living right by the ocean. You are greeted by a bright open living area upon entering with a beautiful fireplace that has an alcove above to truly personalize the home. Enjoy entertaining in the bonus family room that you step up into from the kitchen and living area. From there, climb the stairs to a private and versatile loft complete with its own balcony to overlook the serene environment at The Palms at 5th Ave South. 1st floor master suite sports a garden tub and a stand alone shower, not to mention double sinks. Head upstairs from this side of the house to the high ceilings of the guest bedrooms. Downstairs you will find the custom media room with leather recliners to put your feet up and enjoy watching movies on the large projection screen. The under house garage sports plenty of extra storage space. This is a must see!

Last Agent to Sell the Property

Horonzy Group

BHHS Myrtle Beach Real Estate Listed on: 01/15/2016

BHHS Myrtle Beach Real Estate

Co-Listed By

Rebekah Harding

GRANDE DUNES PROPERTIES License #84527

Last Buyer's Agent

Diana Pieri

Basils Realty License #49998

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,243

Year Built

  • Built in 2004

Lot Details

  • Fenced
  • Rectangular Lot

HOA Fees

  • $5 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Raised Foundation
  • Masonry Siding
  • Tile

Interior Spaces

  • 2,501 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Den
  • Recreation Room
  • Carpet
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub in Primary Bathroom
  • Whirlpool Bathtub
  • Garden Bath

Outdoor Features

  • Balcony
  • Rear Porch

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,243

Year Built

Built in 2004

Lot Details

0

HOA Fees

$5 per month

Parking

4

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 50x103x50x103
  • Amenities Available: Home Owners Assoc. Fees, Restrictions
  • Estimated Year Built: 2004
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile, Wood
  • HOA Fee Frequency: Annually
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 5
  • HOA Management Company: Bill Davis 843-491-6543
  • Living Room Type: Fireplace
  • Lvt Date: 01/19/2016
  • Sold Total Heated Sq Ft: 2501
  • Sold Total Sq Ft: 3301
  • Type Of Parking: Attached 1-Car
  • Vehicle Parking Capacity: 4
  • Total Heated Sq Ft: 2501
  • Geo Subdivision: SC
  • Section Subdivision: The Palms at 5th Avenue South - NMB
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2004

Interior Features

  • Interior Amenities: Wind Treat Convey, Garage Door Opener, Smoke Detector, Fireplace
  • Other Rooms: Den/Study/Library, Laundry/Utility, Media Room, Recreation Room
  • Primary Bathroom: Double Sink, Garden Tub, Tub, Whirlpool Tub
  • Kitchen Type: Dishwasher, Garbage Disposal, Microwave, Refrigerator, Range, Work Island
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 4
  • Formal Dining: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Levels: Three Or More
  • Total Sq Ft: 3301

Exterior Features

  • Exterior Features: Balcony, Rear Porch, Fencing, Insulated Doors/Windows
  • Exterior Finish: Masonry Accent
  • 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: 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

Closed on
Mar 2, 2023
Sold by
Goetzman Chad
Bought by
Dolan Lesley C
Current Estimated Value
$609,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Outstanding Balance
$397,445
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$209,159

Purchase Details

Listed on
Jan 15, 2016
Closed on
Sep 12, 2016
Sold by
Ridout Christopher P
Bought by
Goetzman Chad and Goetzman Kristin
Seller's Agent
Horonzy Group
BHHS Myrtle Beach Real Estate
Buyer's Agent
Diana Pieri
Basils Realty
List Price
$379,900
Sold Price
$320,000
Premium/Discount to List
-$59,900
-15.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$326,880
Interest Rate
3.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 27, 2014
Sold by
Estate Of Drew Braxton Ridout
Bought by
Ridout Christopher Pearce

Purchase Details

Closed on
May 12, 2008
Sold by
D & P Of Nmb Llc
Bought by
Ridout Drew B

Purchase Details

Closed on
Nov 30, 2005
Sold by
Picture Perfect Homes Llc
Bought by
D & P Of Nmb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,041
Interest Rate
6.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 8, 2004
Sold by
Palms 5Th Avenue Inc
Bought by
Picture Perfect Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,491
Interest Rate
5.67%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 6, 2003
Sold by
Larson Alvar E
Bought by
Palms 5Th Avenue Inc

Purchase Details

Closed on
Jun 7, 2002
Sold by
Carriage Oaks Inc
Bought by
Larson Alvar E
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
Dolan Lesley C $510,000 --
Goetzman Chad $320,000 --
Ridout Christopher Pearce -- --
Ridout Drew B -- --
D & P Of Nmb Llc $415,000 --
Picture Perfect Homes Llc $292,500 --
Palms 5Th Avenue Inc -- --
Larson Alvar E $2,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dolan Lesley C $408,000
Previous Owner Goetzman Chad $326,880
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2016 09/13/16 Sold $320,000 -15.8% $128 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $379,900 -- $152 / 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 $2,243 $20,942 $8,036 $12,906
2023 $2,243 $13,970 $4,818 $9,152
2021 $4,743 $13,970 $4,818 $9,152
2020 $1,477 $13,970 $4,818 $9,152
2019 $1,366 $13,970 $4,818 $9,152
2018 $0 $14,766 $4,018 $10,748
2017 $1,532 $14,766 $4,018 $10,748
2016 -- $14,766 $4,018 $10,748
2015 $4,979 $22,149 $6,027 $16,122
2014 $4,820 $22,149 $6,027 $16,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1601259

Coastal Carolinas Association of REALTORS®

APN: 35608010035