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$675,000

Beds
2
Baths
1.0
sq ft
700

114 Rainbow Dr, Murrells Inlet, SC 29576

114 Rainbow Dr

Garden City Beach, SC 29576

  • 18 days on market
Adorable little raised turn-key furnished bungalow house loaded with charm and fun and salt water pool, lots of parking, rental zone, resting on a HUGE lot...and yes, easy walk to the beautiful Coastal South Carolina beach (less than a block). No HOA. Myrtle Beach Jet Port just 15 minutes, Historic Georgetown and more Historic Charleston just a short drive, and Murrells Inlet - the Seafood Capital of South Carolina just 10 minutes down the road.

Details

Property type

Single Family Residence

Est. home value

$675,726

Lot size

9,583 sq ft

Price per sq ft

$965

Year built

1978

HOA

Yes

Price History

08/26/2024
MyrtleBeach

MyrtleBeach #2419833

Listed
$675,000
+40.63%
05/17/2023
MyrtleBeach

MyrtleBeach #2222754

Sold
$480,000
+54.84%
07/08/2020
MyrtleBeach

MyrtleBeach #1924743

Sold
$310,000

Schools & Community

Elementary school: 

Seaside Elementary School

Middle school: 

Saint James Middle School

High school: 

Saint James High School

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$280,912
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$340,088
Cash to seller
$280,912

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Investors Group

Loan start date

May 2023

Original loan amount

$360,000

Est. remaining balance

$340,088

Interest rate

5.56%

Loan type

New Conventional, 15 year

Seller

Timothy Wells and D Sarah

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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House

513 Rainbow Dr, Murrells Inlet, SC 29576

Status: Active

Tomo last checked: 09/13/2024 at 12:50 PM

Listing updated: 08/26/2024 at 3:28 PM

Listed by: Cal Harrelson, Peace Sotheby's Intl Realty PI Phone #: (843) 237-7711

MLS: MyrtleBeach #2419833

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