NOT LISTED FOR SALE

Margate Towers 8500 Margate Cir Unit 1809 Margate Tower Myrtle Beach, SC 29572

Arcadian Shores Neighborhood

Estimated Value: $802,000 - $1,356,000

4 Beds
3 Baths
2,601 Sq Ft
$1,195/mo HOA Fee

Last Sold December 15, 2017

Last sale price $380,000 $146 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $7,334/month

119 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Clubhouse
  • Sitting Area In Primary Bedroom
  • Lake View
  • Whirlpool Bathtub

About This Home

As of December 2017

Amazing views from the prestigious, Margate Towers at Kingston Plantation. This spacious unit boasts of 4 bedrooms, 3 full baths. Tastefully furnished. This highly sought after floor plan has a true wrap around balconies giving you panoramic views of the Ocean and land. Filled with natural light, this spacious unit has views nearly every room. Master bedroom has a private balcony, a large double vanity, a standup shower and whirlpool tub for your enjoyment. Kingston Plantation is a 145 acre gated resort with several dining and recreational options. It is located in the Arcadian section of Myrtle Beach near the best shopping, dining and championship golf. Margate Tower itself prides itself with its luxurious lifestyle and can be your dream come true!

Last Agent to Sell the Property

Chance Leith

Beach & Forest Realty License #82745 Listed on: 07/12/2017

Last Buyer's Agent

Harold Douglas

Carolina Douglas Realty Co. License #8608

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,948

Year Built

  • Built in 2004

HOA Fees

  • $1,195 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 18th floor
  • Slab Foundation
  • Steel Siding
  • Tile

Interior Spaces

  • 2,601 Sq Ft Home
  • Furnished
  • Bar
  • Tray Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Breakfast Bar
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Linen Closet
  • Walk-In Closet
  • 3 Full Bathrooms
  • Single Vanity
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Pool

  • Private Pool
  • Spa

Schools

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

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Balcony
  • Flood Zone Lot

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
  • High-Rise Condominium

Amenities

  • Clubhouse
  • Elevator

Recreation

Pet Policy

  • Only Owners Allowed Pets

Building Details

  • Security

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,948

Year Built

Built in 2004

Lot Details

0

HOA Fees

$1,195 per month

Listing Details

  • Lot Description: Designated Flood Zone, Irregular
  • Unit Location: Lake/Pond View, Oceanview-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Security, Tennis Court, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Gated Community, Short Term Rental Allowed, Long Term Rental Allowed, Internet Access
  • Estimated Year Built: 2004
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Family Rm Great Rm: Bar, Ceiling Fan, Tray Ceiling
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 1195
  • HOA Management Company: (843) 357-9888 FirstService Residential
  • Living Room Type: Bar, Ceiling Fan, Tray Ceiling
  • Lvt Date: 07/12/2017
  • Sold Total Heated Sq Ft: 2601
  • Sold Total Sq Ft: 3000
  • Total Heated Sq Ft: 2601
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Oceanview-Building, East Of Bus 17
  • Exterior Unit Features: Balcony, Lawn Sprinkler, Pool-Outdoor Private, Elevator-Exterior, Outside Storage Attached, Spa/Hot Tub
  • HOA Fees include insurance: Yes
  • Project Section Code: Kingston Plantation - Margate Tower
  • Rental Mgmt Contract: Yes
  • Which Floor: 18
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2004

Interior Features

  • Furnished: Yes
  • Interior Amenities: Spa/Hot Tub, Fire Sprinkler, Smoke Detector, Washer/Dryer, Wshr/Dryer Connection, Furnished
  • Other Rooms: Foyer, Laundry/Utility
  • Primary Bathroom: Double Sink, Shower, Vanity, Whirlpool Tub
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Breakfast Bar, Microwave, Pantry, Range Hood
  • Master Bedroom Type: Ceiling Fan, Linen Closet, Sitting Area, Walk-In Closet
  • Bedrooms: 4
  • Dining Room Type: Area, Lvr/Dr Combo
  • Full Bathrooms: 3
  • Levels: Single Level
  • Total Sq Ft: 3000

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, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair

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
Jul 12, 2017
Closed on
Dec 13, 2017
Sold by
Brooks Robert W
Bought by
Tate Jean G
Seller's Agent
Chance Leith
Beach & Forest Realty
Buyer's Agent
Harold Douglas
Carolina Douglas Realty Co.
List Price
$429,000
Sold Price
$380,000
Premium/Discount to List
-$49,000
-11.42%
Current Estimated Value
$1,051,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$671,913
Avg. Annual Appreciation
13.85%
Original Mortgage
$285,000
Outstanding Balance
$240,007
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$811,906

Purchase Details

Closed on
Nov 10, 2005
Sold by
Sheth Purnam and Ramcharan Carol
Bought by
Brooks Robert W and Brooks Lynn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 29, 2004
Sold by
Philroy Llc
Bought by
Sheth Purnam and Ramcharan Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 9, 2004
Sold by
Margate Towers Kingston Plantation Llc
Bought by
Philroy Llc and Turley Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
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
Tate Jean G $380,000 --
Brooks Robert W $1,100,000 --
Sheth Purnam $569,000 --
Philroy Llc $456,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tate Jean G $285,000
Previous Owner Brooks Robert W $880,000
Previous Owner Sheth Purnam $455,000
Previous Owner Philroy Llc $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2017 12/15/17 Sold $380,000 -11.4% $146 / Sq Ft
07/12/2017 07/12/17 For Sale $429,000 -- $165 / 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 $6,948 $58,800 $0 $58,800
2023 $6,948 $72,030 $0 $72,030
2021 $6,400 $72,030 $0 $72,030
2020 $6,130 $72,030 $0 $72,030
2019 $6,130 $72,030 $0 $72,030
2018 $5,532 $45,150 $0 $45,150
2017 $5,517 $25,800 $0 $25,800
2016 -- $25,800 $0 $25,800
2015 $5,517 $45,150 $0 $45,150
2014 $5,331 $25,800 $0 $25,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1715106

Coastal Carolinas Association of REALTORS®

APN: 39308040021