NOT LISTED FOR SALE

927 Margo Ln Murrells Inlet, SC 29576

Estimated Value: $325,000 - $573,000

8 Beds
4 Baths
3,000 Sq Ft
$136/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $310,000 $103 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,499/month

78 Days on Market

About This Home

As of October 2022

WOW!! What a great MURRELL'S INLET location!! 5 minutes from THE WORLD FAMOUS MARSHWALK by car, a good brisk walk, or an easy golf cart ride. Walking distance to the Grocery Store and many restaurants and fast food places!! Three homes on a beautiful 1.59 acres tract loaded with ancient oaks. The main home was moved from inlet view area and is loaded with character of 1940s beach home construction. Possibilities are only limited by your imagination. Two (2) older mfg homes onsite that will help offset your mortgage payment of brings in extra spending money or make great guest quarters. All homes need some work and a lot of TLC but the value is definetly in this unique piece of heaven. The land is unique in location and zoning. It can most likely be subdivided per the owner and county conversation. It also has some commercial appeal and redevelopment possibilities!!! Don't miss the opportunity to own a very unique property in one of the hottest zip codes and areas in the Grand Strand.

Last Agent to Sell the Property

chuck murphy

Myrtle Beach Real Estate LLC License #93242 Listed on: 07/05/2022

Last Buyer's Agent

Joe Scaturro

Keller Williams The Forturro G License #121177

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,058

Year Built

  • Built in 1940

Lot Details

  • 1.5

Home Design

  • Wood Frame Construction
  • Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • Crawl Space

Schools

  • Waccamaw Elementary School
  • Waccamaw Middle School
  • Waccamaw High School

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Phone Available
  • Cable TV Available

Additional Features

  • Irregular Lot
  • Outside City Limits

Community Details

  • 3 Units
  • Potential Redevelopment? Condos

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,058

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Lot Description: Irregular
  • Four Sided Lot Measurement: 181' X 347' X 417' X 154'
  • Estimated Year Built: 1940
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 07/05/2022
  • Sold Total Heated Sq Ft: 3000
  • Sold Total Sq Ft: 3400
  • Total Heated Sq Ft: 3000
  • Two Bedroom Rent Range: 800-850
  • Three Bedroom Rent Range: 850-1750
  • Complex Name: potential redevelopment?
  • Estimated Gross Scheduled Rent: 42000
  • Estimated Operating Expense: 6500
  • Number2 Br Units: 1
  • Number3 Br Units: 2
  • Utilities Owner Pays: Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Total Sq Ft: 3400

Exterior Features

  • Exterior Finish: Wood Frame, Siding
  • Foundation: Crawl

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public
  • Heating Cooling: Central Heat, Central Air, Window/Wall Unit, Electric

Schools

  • Elementary School: Waccamaw Elementary School
  • Middle School: Waccamaw Middle School
  • High School: Waccamaw High School

Lot Info

  • Lot Location: Outside City Limits
  • Zoning: NC

Multi Family

  • Number Of Units: 3

MLS Schools

  • Elementary School: Waccamaw Elementary School
  • HighSchool: Waccamaw High School
  • Middle School: Waccamaw Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2022
Closed on
Oct 14, 2022
Sold by
Lamar Bradley Iii Raymond
Bought by
Kek Properties Llc
Seller's Agent
chuck murphy
Myrtle Beach Real Estate LLC
Buyer's Agent
Joe Scaturro
Keller Williams The Forturro G
List Price
$339,900
Sold Price
$310,000
Premium/Discount to List
-$29,900
-8.8%
Views
62
Current Estimated Value
$407,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,520
Avg. Annual Appreciation
9.72%
Original Mortgage
$235,450
Outstanding Balance
$114,204
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$293,316

Purchase Details

Closed on
Jul 12, 2022
Sold by
Lamar Bradley Iv Raymond
Bought by
Bradley Raymond Lamar

Purchase Details

Closed on
Apr 13, 2022
Sold by
Lamar Bradley Jr Raymond
Bought by
Brandley Raymond Lamar
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
Kek Properties Llc $310,000 --
Bradley Raymond Lamar -- Grimes Law Firm Pa
Brandley Raymond Lamar -- None Listed On Document
Bradley Helen Robinson -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kek Properties Llc $235,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $310,000 -8.8% $103 / Sq Ft
07/05/2022 07/05/22 For Sale $339,900 -- $113 / 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 $4,058 $15,110 $13,800 $1,310
2023 $4,058 $15,110 $13,800 $1,310
2022 $502 $3,930 $2,800 $1,130
2021 $531 $0 $0 $0
2020 $530 $0 $0 $0
2019 $519 $0 $0 $0
2018 $533 $0 $0 $0
2017 $404 $0 $0 $0
2016 $399 $3,852 $0 $0
2015 $315 $0 $0 $0
2014 $315 $95,200 $67,500 $27,700
2012 -- $95,200 $67,500 $27,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2215045

Coastal Carolinas Association of REALTORS®

APN: 41-0402-016-01-05