$118,000
SOLD OCT 31, 2024
-- Bed
1 Bath
387 Sq Ft
$802/mo HOA Fee

Recently Sold

$305 Per Sq Ft

19% Below List Price

162 Days on Market

Highlights

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

About This Home

As of October 2024

Enjoy the stunning views from your direct oceanfront 3rd-floor efficiency unit at Ocean Reef Resort! Wake up to breathtaking views of the majestic Atlantic Ocean right from your own balcony. This fully furnished unit is your ticket to the ultimate vacation experience. Located in the heart of the Grand Strand, Ocean Reef Resort offers not just a vacation, but a lifestyle. With easy access to world-class golfing, shopping, dining, and entertainment, every day is an adventure waiting to happen. Whether it’s exploring Market Common, strolling through Broadway at the Beach, or catching a flight at Myrtle Beach International Airport, convenience is always at your fingertips. But the perks don't stop there! Ocean Reef boasts an array of amenities designed for your enjoyment, including indoor/outdoor pools, a rejuvenating jacuzzi, lazy river, kiddie pool, well-equipped exercise room, and even a lively tiki bar and coffee shop. Seize the opportunity to embrace beach life at its finest! Call today to schedule a showing and start living the dream at Ocean Reef Resort. Paradise awaits!

Last Agent to Sell the Property

Danny Grimsley

Ocean Front Guru Real Estate License #82943 Listed on: 04/10/2024

Last Buyer's Agent

Bradley Bennett

Ocean Front Guru Real Estate License #2898

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,515

Year Built

  • Built in 1975

HOA Fees

  • $802 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 3rd floor
  • Slab Foundation
  • Steel Siding
  • Tile

Interior Spaces

  • 387 Sq Ft Home
  • Furnished
  • Insulated Doors
  • Carpet

Kitchen

  • Oven
  • Microwave
  • Solid Surface Countertops

Bedrooms and Bathrooms

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

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

Community Details

Overview

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

Recreation

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,515

Year Built

Built in 1975

Lot Details

0

HOA Fees

$802 per month

Listing Details

  • Unit Location: Oceanfront-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, 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: 802
  • HOA Management Company: Ally Mgt 843-497-3555
  • Lvt Date: 04/10/2024
  • Sold Total Heated Sq Ft: 387
  • Sold Total Sq Ft: 400
  • Total Heated Sq Ft: 387
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17, East Of Highway 17 Bypass
  • Exterior Unit Features: Balcony, Insulated Doors/Windows
  • Gross Annual Rental Incom: 2023 - $29,323.36
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Ocean Reef Resort North Tower
  • Rental Mgmt Contract: Yes
  • Which Floor: 03
  • 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: Refrigerator, Oven, Microwave, Solid Surface Countertops
  • Bedrooms: Efficiency
  • Full Bathrooms: 1
  • Total Sq Ft: 400

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, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Electric In Unit, Internet Access, Pest Control

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
Apr 10, 2024
Closed on
Oct 31, 2024
Sold by
Num 2240964 Ontario Inc
Bought by
Palmieri Apartments Ii Lp
Seller's Agent
Danny Grimsley
Ocean Front Guru Real Estate
Buyer's Agent
Bradley Bennett
Ocean Front Guru Real Estate
List Price
$144,900
Sold Price
$118,000
Premium/Discount to List
-$26,900
-18.56%
Views
55
Current Estimated Value
$128,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,471
Avg. Annual Appreciation
9.26%

Purchase Details

Closed on
Sep 29, 2010
Sold by
Gally James C
Bought by
Num 2240964 Ontario Inc

Purchase Details

Closed on
Jun 6, 2005
Sold by
Patel Sunil J and Patel Sadhna S
Bought by
Gally James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,920
Interest Rate
5.11%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Warranty Deed $118,000 --
Deed $71,000 --
Deed $189,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $151,920 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $118,000 -9.2% $305 / Sq Ft
09/13/2024 09/13/24 Price Changed $129,899 -6.5% $336 / Sq Ft
08/16/2024 08/16/24 Price Changed $138,899 -0.7% $359 / Sq Ft
07/16/2024 07/16/24 Price Changed $139,899 -3.5% $361 / Sq Ft
04/10/2024 04/10/24 For Sale $144,900 -- $374 / 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 $1,515 $9,000 $0 $9,000
2023 $1,515 $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 $0 $4,500 $0 $4,500
2015 -- $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: 2408717

Coastal Carolinas Association of REALTORS®

APN: 42105020266