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$184,000

Beds
1
Baths
1.0
sq ft
539

1605 S Ocean Blvd Unit 112, Myrtle Beach, SC 29577

1605 S Ocean Blvd Unit 112

Myrtle Beach, SC 29577

  • 61 days on market
Come and check out your new investment property, just waiting for you! This first floor unit at The Palace is really beautiful with a proven track record for income revenue for 2024. It's been freshly updated with new furniture, kitchen backsplash, paint, decor with bedroom and bathroom amenities. This 1 bedroom and 1 bathroom unit is a perfect place for family and friends to gather or for your rental guests to enjoy. There is plenty of room to sleep 5 people with the bedroom and three futons in the living space. Extra large kitchen fully stocked with your every need. After a great day at the beach, which is only steps away, you can relax on your balcony with a great view, a cool drink and the ocean breeze to enjoy. This unit is on the first floor with easy access by stairs or elevator. The parking deck is close with easy access to the building. The Palace offers a lot of amenities including indoor and outdoor pools, hot tubs, exercise room, restaurant(open during season), on-site laundry, sauna, putting green, arcade room and plenty of outdoor deck space to enjoy the sun and pools. The Palace is also close to restaurants, shows, shopping and everything that Myrtle Beach has to offer. Not to mention our beautiful beaches, only steps away. Selling furnished, with everything stocked and ready for your guests. Move in ready or ready for your rental market immediately, no need for renovations. They've already been done. So come on over, check out this great condo just a few feet from palm trees and paradise! Square footage is approximate. Have buyers and buyers agent verify.

Details

Property type

Condominium

Est. home value

$150,908

Lot size

Unknown

Price per sq ft

$342

Year built

1986

Monthly HOA fee

$683

Price History

10/28/2024
MyrtleBeach

MyrtleBeach #2424855

Listed
$184,000
+47.2%
03/01/2024
MyrtleBeach

MyrtleBeach #2309190

Sold
$125,000
-10.71%
02/29/2024
MyrtleBeach

MyrtleBeach #2309190

Pending
$140,000
-3.25%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Community features: 

Pool

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

$60,505
Asking price
$184,000
Closing costs (~8% of asking)
-$14,720
Est. remaining loan balance
-$108,775
Cash to seller
$60,505

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

Seller’s Loan History

Lender

Caliber Home Loans

Loan start date

February 2022

Original loan amount

$115,760

Est. remaining balance

$108,775

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Eric Blum and Ignacio Silva

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?

Status: Active

Tomo last checked: 12/28/2024 at 7:10 AM

Listing updated: 11/14/2024 at 1:55 PM

Listed by: Tammy Brinton, Grand Strand Homes & Land Phone #: (843) 900-4440

MLS: MyrtleBeach #2424855

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