$210,000
SOLD NOV 12, 2015

Ocean Reef A Seaside Resort 7100 N Ocean Blvd Unit 518 Ocean Reef South Myrtle Beach, SC 29572

Grande Dunes Neighborhood
3 Beds
2 Baths
1,150 Sq Ft
$1,117/mo HOA Fee

Recently Sold

$183 Per Sq Ft

9% Below List Price

96 Days on Market

Highlights

  • Private Pool
  • Furnished
  • Solid Surface Countertops
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Lawn
  • Elevator

About This Home

As of June 2023

Magnificent ocean view 3 BR/ 2 BA condo located in the popular Ocean Reef resort. Top 15 ranked with tripadvisor. The views from the living room and master bedroom look out to the Atlantic and also to the pools below. 5 floors up is the perfect height for the new owner to rake in the strong rental income. Amazing resort amenities include indoor/outdoor pools, 2 story water slide with kiddie water park, onsite restaurant/bar, lazy river and plenty of chairs to lay out in. Ocean Reef is a top destination. Check it out for yourself.

Last Agent to Sell the Property

John Weaver

Award SC Homes License #87210

Last Buyer's Agent

John Weaver

Award SC Homes License #87210

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,576

Year Built

  • Built in 2006

Lot Details

  • Lawn

HOA Fees

  • $1,117 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Slab Foundation
  • Steel Siding
  • Tile

Interior Spaces

  • 1,150 Sq Ft Home
  • Furnished
  • Window Treatments
  • Insulated Doors
  • Combination Dining and Living Room
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Single Vanity
  • Soaking Tub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Outdoor Features

  • Private Pool

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Air Filter
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, security, rec. facilities, legal and accounting, master antenna/cable TV, common maint/repair, electric in unit, internet access
  • High-Rise Condominium

Amenities

  • Door to Door Trash Pickup
  • Recycling
  • Elevator

Recreation

Pet Policy

  • Only Owners Allowed Pets

Building Details

  • Security

Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,576

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,117 per month

Listing Details

  • Unit Location: Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Security, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance, Recycling Available, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Lazy River, Pool-Indoor Community
  • Estimated Year Built: 2006
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 1117
  • HOA Management Company: Ally 843-497-3555
  • Sold Total Heated Sq Ft: 1150
  • Sold Total Sq Ft: 1250
  • Total Heated Sq Ft: 1150
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Pool-Outdoor Private, Elevator-Exterior, Insulated Doors/Windows, Pool-Indoor Private, Storm Doors, Storm Windows
  • Gross Annual Rental Incom: $39,825.41 (2014)
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Ocean Reef South Tower
  • Rental Mgmt Contract: Yes
  • Which Floor: 05
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Electric Air Filter, Elevator-Interior, Smoke Detector, Washer/Dryer, Wshr/Dryer Connection, Furnished
  • Other Rooms: Laundry/Utility
  • Primary Bathroom: Shower, Tub, Vanity
  • Kitchen Type: Breakfast Bar, Dishwasher, Freezer, Solid Surface Countertops, Garbage Disposal, Microwave, Oven, Refrigerator, Range
  • Bedrooms: 3
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 1250

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Electric In Unit, Internet Access

Schools

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

Lot Info

  • Zoning: MF

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
Mar 27, 2023
Closed on
Jun 20, 2023
Sold by
Smith Christina M
Bought by
Manfredo Dominic Paul and Manfredo Ashley Marie
Seller's Agent
Advantage Agent Group
Agent Group Realty
Buyer's Agent
Matt Meetre
Century 21 Palms Realty
List Price
$374,900
Sold Price
$365,000
Premium/Discount to List
-$9,900
-2.64%
Total Days on Market
96
Views
151
Current Estimated Value
$349,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,078
Avg. Annual Appreciation
-2.17%
Original Mortgage
$292,000
Outstanding Balance
$269,398
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$80,524

Purchase Details

Listed on
Mar 27, 2023
Closed on
Jun 6, 2023
Sold by
Smith Christina M
Bought by
Smith Christina M
Seller's Agent
Advantage Agent Group
Agent Group Realty
Buyer's Agent
Matt Meetre
Century 21 Palms Realty
List Price
$374,900
Sold Price
$365,000
Premium/Discount to List
-$9,900
-2.64%
Views
151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Outstanding Balance
$269,398
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$80,524

Purchase Details

Listed on
Jul 3, 2015
Closed on
Nov 11, 2015
Bought by
Smith Christina M
Seller's Agent
John Weaver
Award SC Homes
Buyer's Agent
John Weaver
Award SC Homes
List Price
$229,900
Sold Price
$210,000
Premium/Discount to List
-$19,900
-8.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%

Purchase Details

Closed on
Nov 30, 2009
Sold by
Heidt Edward Gene
Bought by
Gray Fred A

Purchase Details

Closed on
Sep 11, 2002
Sold by
Winchester Oceanfront Corp
Bought by
Heidt Edward Gene and Heidt Marguerite M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,990
Interest Rate
6.19%
Mortgage Type
Unknown

Map

Range of Values:

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Average Value
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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 $365,000 --
Warranty Deed -- --
Warranty Deed $210,000 --
Deed $240,000 --
Deed $229,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $292,000 New Conventional
Previous Owner $199,350 Unknown
Previous Owner $22,990 Unknown
Previous Owner $183,920 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $365,000 -2.6% $317 / Sq Ft
03/27/2023 03/27/23 For Sale $374,900 +78.5% $326 / Sq Ft
11/12/2015 11/12/15 Sold $210,000 -8.7% $183 / Sq Ft
10/07/2015 10/07/15 Pending -- -- --
07/03/2015 07/03/15 For Sale $229,900 -- $200 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

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 $5,576 $22,890 $0 $22,890
2023 $5,576 $22,890 $0 $22,890
2021 $3,534 $22,890 $0 $22,890
2020 $3,371 $22,890 $0 $22,890
2019 $3,371 $22,890 $0 $22,890
2018 $0 $22,050 $0 $22,050
2017 $3,314 $12,600 $0 $12,600
2016 $0 $12,600 $0 $12,600
2015 -- $21,210 $0 $21,210
2014 $3,064 $12,120 $0 $12,120
Source: Public Records

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1513368

Coastal Carolinas Association of REALTORS®

APN: 42105020174