$47,000
SOLD JAN 5, 2018

709 W Palmetto St Florence, SC 29501

2 Beds
2 Baths
1,680 Sq Ft
0.3 Acres

Recently Sold

$28 Per Sq Ft

15% Below List Price

19 Days on Market

About This Home

As of February 2024

What a Great Investment Property close to downtown! Features include a new roof in 2014, new A/C in apartment A in 2014 & new A/C in apartment B in 2000. The great room & bedroom are oversized. Plenty of parking in back of property with 8+ spaces. With a little TLC, this property has great cash flow potential for any investor.

Last Agent to Sell the Property

Tom Snyder

ERA Leatherman Realty, Inc. License #27234 Listed on: 10/31/2017

ERA Leatherman Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,351

Year Built

  • Built in 1918

Lot Details

  • 0.3 Acre Lot

Home Design

  • Duplex
  • Aluminum Siding
  • Composition Shingle

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Schools

  • Briggs Elementary School
  • Williams Middle School
  • Wilson High School

Utilities

  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for taxes
  • Assessor Parcel Number 90062-06-004

Community Details

Overview

  • 2 Units
  • City Subdivision

Building Details

  • Maintenance Expense $1,000
  • Real Estate Tax Expense $2,181
  • Gross Income $9,600
  • Net Operating Income $6,419

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,351

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Construction: Aluminum/Vinyl Sid.
  • Lvt Date: 10/31/2017
  • Type: Duplex
  • Year Built: 1918
  • Agent Only_ L A1 User Code: 625
  • Second Address Number: 709
  • Geo Longitude: -79.77918
  • OFFICELIST_STATE: SC
  • FILLSUBDIVISION: CITY
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Price Per Sq Ft: 27.98
  • Floors: Wood
  • Number Of Stories: 1
  • Total Approx Sq Ft: 1680

Exterior Features

  • Roof: Composite Shingle

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling System: Heat Pump(s)
  • Heating System: Heat Pump(s)
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • Amenities: Cable T.V.

Schools

  • Elementary School: Briggs
  • Middle School: Williams
  • High School: Wilson
  • Elementary School: BRIGGS
  • High School: WILSON
  • Middle School: WILLIAMS

Lot Info

  • Number Of Acres: 0.3
  • Geo Subdivision: SC

Tax Info

  • Tax Map: 90062-06-004

Multi Family

  • Annual Expenses: 3181
  • Gross Annual Income: 9600
  • Net Op Income: 6419
  • Number Of Units: 2
  • Owner Expenses: Taxes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Feb 9, 2024
Sold by
Shehab Zouhair
Bought by
Ferguson Investment Group Llc
Seller's Agent
Omar Chatila
America's Choice Realty
Buyer's Agent
Omar Chatila
America's Choice Realty
List Price
$164,900
Sold Price
$75,000
Premium/Discount to List
-$89,900
-54.52%
Views
275
Current Estimated Value
$147,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,009
Avg. Annual Appreciation
58.06%
Original Mortgage
$123,340
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 31, 2017
Closed on
Dec 28, 2017
Sold by
Hyatt Stephen D
Bought by
Shehab Zouhair
Seller's Agent
Tom Snyder
ERA Leatherman Realty, Inc.
List Price
$55,000
Sold Price
$47,000
Premium/Discount to List
-$8,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
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 $75,000 None Listed On Document
Deed $47,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $123,340 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $139,900 +86.5% $76 / Sq Ft
02/13/2024 02/13/24 Sold $75,000 -41.9% $45 / Sq Ft
11/22/2023 11/22/23 Price Changed $129,000 -16.8% $77 / Sq Ft
11/10/2023 11/10/23 Price Changed $155,000 -6.0% $92 / Sq Ft
10/02/2023 10/02/23 For Sale $164,900 +250.9% $98 / Sq Ft
01/05/2018 01/05/18 Sold $47,000 -14.5% $28 / Sq Ft
11/19/2017 11/19/17 Pending -- -- --
10/31/2017 10/31/17 For Sale $55,000 -- $33 / Sq Ft
Source: Pee Dee REALTOR® Association

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 $1,351 $2,990 $600 $2,390
2023 $1,203 $2,244 $600 $1,644
2022 $1,239 $2,244 $600 $1,644
2021 $1,241 $3,370 $0 $0
2020 $1,207 $3,370 $0 $0
2019 $1,188 $3,370 $0 $0
2018 $1,908 $5,720 $0 $0
2017 $1,870 $5,720 $0 $0
2016 $1,828 $5,720 $0 $0
2015 $1,828 $5,720 $0 $0
2014 $1,745 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Cayden Kennedy

    Associated Pearl Real Estate

    (843) 503-9748

    Section Image

  • O

    Seller's Agent in 2024

    Omar Chatila

    America's Choice Realty

    (843) 496-5106

    9 Total Sales

    Section Image
  • Tom Snyder

    Seller's Agent in 2018

    Tom Snyder

    ERA Leatherman Realty, Inc.

    (843) 229-9748

    187 Total Sales

    Section Image
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Map

Source: Pee Dee REALTOR® Association

MLS Number: 134570

Pee Dee REALTOR® Association

APN: 90062-06-004

South Carolina Florence County Florence 29501

709 W Palmetto St, Florence, SC

This home is located at 709 W Palmetto St, Florence, SC 29501 and is currently priced at $47,000, approximately $27 per square foot. This property was built in 1918. 709 W Palmetto St is a home located in Florence County with nearby schools including Briggs Elementary School, Williams Middle School, and Wilson 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.

Pee Dee REALTOR® Association IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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