NOT LISTED FOR SALE

885 Palmetto Trail Unit 202 Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $213,000 - $234,000

3 Beds
2 Baths
1,201 Sq Ft
$255/mo HOA Fee

Last Sold June 14, 2019

Last sale price $122,500 $102 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $1,627/month

99 Days on Market

Highlights

  • Lake View
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Walk-In Closet
  • Vaulted Ceiling
  • Screened Porch
  • Laundry Room

About This Home

As of June 2019

Cozy 3 bedroom, 2 bath condo located in Palmetto Park. A bright open floors plan allows sunlight to reach throughout. This home is in pristine condition and offers a galley kitchen with formal dining and a screened in porch with golf course views. Enjoy sitting pool-side in the summer time with a cold drink in your hand. Perfect for a vacation home or to live permanently at the beach! Palmetto Park is located in the heart of Myrtle Beach and is convenient to highway 501, Myrtle Beach International Airport and all the shopping and dining one could ask for at Coastal Grand Mall. Book your showing today!

Last Agent to Sell the Property

Blake Sloan

Sloan Realty Group License #26733 Listed on: 01/24/2019

Co-Listed By

Randy Privette

Sloan Realty Group License #78864

Last Buyer's Agent

Gerry Gilbert

Omni Real Estate MB License #105604

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,253

Year Built

  • Built in 2002

HOA Fees

  • $255 Monthly HOA Fees

Parking

  • 1 to 5 Parking Spaces

Property Views

  • Lake
  • Golf Course

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Vinyl Siding
  • Tile

Interior Spaces

  • 1,201 Sq Ft Home
  • Vaulted Ceiling
  • Combination Dining and Living Room
  • Screened Porch

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Single Vanity
  • Soaking Tub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Schools

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

Utilities

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

Community Details

Overview

  • Association fees include electric common, water and sewer, landscape/lawn, insurance, legal and accounting, common maint/repair
  • Low-Rise Condominium

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,253

Year Built

Built in 2002

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Unit Location: Golf Course View, Lake/Pond View
  • Amenities Available: Restrictions, Owner Allowed Pet, Home Owners Assn Fee, Long Term Rental Allowed
  • Estimated Year Built: 2002
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile, Vinyl
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 255
  • HOA Management Company: 843) 238-3435
  • Living Room Type: Vaulted/Cathedral Ceiling
  • Lvt Date: 01/24/2019
  • Sold Total Heated Sq Ft: 1201
  • Sold Total Sq Ft: 1201
  • Total Heated Sq Ft: 1201
  • Building Style: Low-Rise 2-3 Stories
  • Building Location: On Lake/Pond
  • Exterior Unit Features: Outside Storage Attached
  • HOA Fees include insurance: Yes
  • Project Section Code: Palmetto Park
  • Which Floor: 02
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2002

Interior Features

  • Interior Amenities: Split Bedroom Plan, Wshr/Dryer Connection
  • Other Rooms: Laundry/Utility, Screened Porch
  • Primary Bathroom: Shower, Tub, Vanity
  • Kitchen Type: Dishwasher, Garbage Disposal, Microwave, Range
  • Master Bedroom Type: Vaulted/Cathedral Ceiling, Walk-In Closet
  • Bedrooms: 3
  • Dining Room Type: Area, Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 1201

Exterior Features

  • Exterior Finish: Vinyl Siding
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: 1.5 Car Unit

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Telephone

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Landscape/Lawn, Insurance, Legal And Accounting, 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
Jan 24, 2019
Closed on
Jun 14, 2019
Sold by
Kim Soohong
Bought by
Pugh Richard and Brandi
Seller's Agent
Blake Sloan
Sloan Realty Group
Buyer's Agent
Gerry Gilbert
Omni Real Estate MB
List Price
$124,900
Sold Price
$122,500
Premium/Discount to List
-$2,400
-1.92%
Current Estimated Value
$223,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,758
Avg. Annual Appreciation
10.87%
Original Mortgage
$98,000
Outstanding Balance
$65,224
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$169,464

Purchase Details

Closed on
Sep 12, 2002
Sold by
Tangent Development Llc
Bought by
Kim Soohong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.19%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Pugh Richard $122,500 --
Kim Soohong $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pugh Richard $98,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $122,500 -1.9% $102 / Sq Ft
01/24/2019 01/24/19 For Sale $124,900 -- $104 / 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 $2,253 $14,490 $0 $14,490
2023 $2,253 $13,461 $0 $13,461
2021 $2,078 $13,461 $0 $13,461
2020 $1,982 $13,461 $0 $13,461
2019 $1,917 $13,020 $0 $13,020
2018 $0 $11,865 $0 $11,865
2017 $1,783 $6,780 $0 $6,780
2016 -- $6,780 $0 $6,780
2015 $1,763 $11,865 $0 $11,865
2014 $1,714 $6,780 $0 $6,780
Source: Public Records

Agents Affiliated with this Home

  • Blake Sloan

    Seller's Agent in 2019

    Blake Sloan

    Sloan Realty Group

    (843) 213-1346

    52 in this area

    998 Total Sales

    Blake Sloan
    Section Image

  • R

    Seller Co-Listing Agent in 2019

    Randy Privette

    Sloan Realty Group

    Section Image
  • Gerry Gilbert

    Buyer's Agent in 2019

    Gerry Gilbert

    Omni Real Estate MB

    (843) 246-8374

    9 in this area

    47 Total Sales

    Gerry Gilbert
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1901827

Coastal Carolinas Association of REALTORS®

APN: 44309020049

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

885 Palmetto Trail Unit 202, Myrtle Beach, SC

This home is located at 885 Palmetto Trail Unit 202, Myrtle Beach, SC 29577 since 24 January 2019 and is currently estimated at $223,258, approximately $185 per square foot. This property was built in 2002. 885 Palmetto Trail Unit 202 is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary 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.

Coastal Carolinas Association of REALTORS® Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.

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