NOT LISTED FOR SALE

Estimated Value: $127,000 - $175,000

1 Bed
1 Bath
387 Sq Ft
$612/mo HOA Fee

Last Sold June 06, 2022

Last sale price $162,900 $421 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,644/month

8 Days on Market

Highlights

  • Ocean Front
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Solid Surface Countertops
  • Private Pool
  • Furnished
  • Balcony

About This Home

As of June 2022

Outstanding views from this oceanfront efficiency in the Ocean Reef Resort. All of these oceanfront units at Ocean Reef are not the same, only the efficiency type has the kitchenette setup with the fridge, mini stove, microwave and sink, many only have the microwave and f ridge. The Ocean Reef is a fantastic highly rated resort with a ton of amenities. Located on 71st Ave N on the northern side of MB, yet close to everything in town. Jump on this one in time for spring and summer income!

Last Listed By

Brian Piercy

ERA Real Estate Modo Listed on: 04/19/2022

ERA Real Estate Modo

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,291

Year Built

  • Built in 1975

Lot Details

HOA Fees

  • $612 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Slab Foundation
  • Steel Siding
  • Tile

Interior Spaces

  • 387 Sq Ft Home
  • Furnished
  • Insulated Doors
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Single Vanity
  • Soaking Tub and Shower Combination in Primary Bathroom

Outdoor Features

  • Private Pool

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Intermediate School
  • Myrtle Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater
  • 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, golf, security, legal and accounting, master antenna/cable TV, electric in unit, internet access
  • High-Rise Condominium

Amenities

  • Door to Door Trash Pickup

Recreation

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,291

Year Built

Built in 1975

Lot Details

0

HOA Fees

$612 per month

Listing Details

  • Lot Description: Rectangular
  • Unit Location: Oceanfront-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lazy River, Pool-Indoor Community
  • Estimated Year Built: 1975
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Window/Wall Unit, Electric
  • Monthly HOA as Calculated: 612
  • HOA Management Company: Ally Mgt. 843-497-3555
  • Lvt Date: 04/19/2022
  • Sold Total Heated Sq Ft: 387
  • Sold Total Sq Ft: 500
  • Total Heated Sq Ft: 387
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building
  • Exterior Unit Features: Balcony, Pool-Outdoor Private, Insulated Doors/Windows, Pool-Indoor Private
  • Gross Annual Rental Incom: 2021-$$33597.49
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Ocean Reef Resort North Tower
  • Rental Mgmt Contract: Yes
  • Which Floor: 08
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1975

Interior Features

  • Furnished: Yes
  • Interior Amenities: Furnished
  • Primary Bathroom: Tub, Shower, Vanity
  • Kitchen Type: Dishwasher, Refrigerator, Range, Microwave, Solid Surface Countertops
  • Bedrooms: Efficiency
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 500

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric
  • 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, Golf, Security, Legal And Accounting, Master Antenna/Cable Tv, Electric In Unit, Internet Access

Schools

  • Elementary School: Myrtle Beach Elementary School
  • Middle School: Myrtle Beach Intermediate 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 Intermediate School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2022
Closed on
Jun 4, 2022
Sold by
Herring Richard William
Bought by
Schnipp Daniel R and Schnipp Melissa A
Seller's Agent
Brian Piercy
ERA Real Estate Modo
Buyer's Agent
Gail Bennett
Ocean Front Guru Real Estate
List Price
$165,000
Sold Price
$162,900
Premium/Discount to List
-$2,100
-1.27%
Total Days on Market
8
Current Estimated Value
$151,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,896
Avg. Annual Appreciation
-2.54%
Original Mortgage
$105,885
Outstanding Balance
$91,195
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$59,809

Purchase Details

Listed on
Nov 16, 2016
Closed on
Feb 10, 2017
Sold by
Zhang Chao and Chen Xiaoqian
Bought by
Lowe Deborah C and Herring Richard William
Seller's Agent
Gregory Harrelson
Fnis Blac Knight MLS Solutions
Buyer's Agent
Brian Piercy
ERA Real Estate Modo
List Price
$79,900
Sold Price
$76,000
Premium/Discount to List
-$3,900
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.44%

Purchase Details

Closed on
Sep 19, 2005
Sold by
Roskov Andrea J
Bought by
Zhang Chao and Chen Xiaoquian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,320
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

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 Buyer Sale Price Title Company
Schnipp Daniel R $162,900 --
Lowe Deborah C $76,000 None Available
Zhang Chao $202,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schnipp Daniel R $105,885
Previous Owner Zhang Chao $162,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $162,900 -1.3% $421 / Sq Ft
04/19/2022 04/19/22 For Sale $165,000 +117.1% $426 / Sq Ft
02/13/2017 02/13/17 Sold $76,000 -4.9% $190 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $79,900 -- $200 / 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 $2,291 $9,765 $0 $9,765
2023 $2,291 $9,765 $0 $9,765
2021 $1,400 $9,765 $0 $9,765
2020 $1,335 $9,765 $0 $9,765
2019 $1,335 $9,765 $0 $9,765
2018 $0 $7,875 $0 $7,875
2017 $1,184 $4,500 $0 $4,500
2016 -- $4,500 $0 $4,500
2015 $1,170 $7,875 $0 $7,875
2014 $1,138 $4,500 $0 $4,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2208334

Coastal Carolinas Association of REALTORS®

APN: 42105020332