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$319,000

Beds
2
Baths
2.0
sq ft
940

2001 S Ocean Blvd Unit 505, Myrtle Beach, SC 29577

2001 S Ocean Blvd Unit 505

Myrtle Beach, SC 29577

  • <1 day on market
This condo checks so many boxes! The owners are its occupants and have done a new, incredible kitchen renovation with new LVP floor, lighting, cabinets, counters, and stainless steel appliances within the last few months!! Did I mention that there are 2 bedrooms and 2 baths? The owner's suite has enough size to add a second bed for enhanced rental income and the guest bedroom is large enough for a king sized bed! Tile flooring makes cleaning and maintenance a breeze. Ocean views are amazing and unobstructed on the large, oceanfront balcony which can be accessed from either the owner suite or living room. ANOTHER extra- its an end unit beside Hurl Rock park! Don't forget the on-site amenities: multiple pools both inside and out, arcade, gym, and restaurant. Investors- how about a jump start to your income flow with a mid-term rental already in place from May to September? Make your appointment to see this condo right away!

Details

Property type

Condominium

Est. home value

$279,337

Lot size

Unknown

Price per sq ft

$340

Year built

1984

Monthly HOA fee

$1,566

Price History

04/07/2025
MyrtleBeach

MyrtleBeach #2508700

Listed
$319,000
+70.59%
03/15/2021
MyrtleBeach

MyrtleBeach #2005400

Sold
$187,000
+50.81%
04/22/2015
MyrtleBeach

MyrtleBeach #1421431

Sold
$124,000

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

$171,882
Asking price
$319,000
Closing costs (~8% of asking)
-$25,520
Est. remaining loan balance
-$121,598
Cash to seller
$171,882

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

Seller’s Loan History

Lender

South Atlantic Bank

Loan start date

January 2024

Original loan amount

$125,000

Est. remaining balance

$121,598

Interest rate

7.22%

Loan type

New Conventional, 20 year

Seller

Grand Strand Memories Llc and Roberta L Favitta

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: 04/07/2025 at 5:35 PM

Listing updated: 04/07/2025 at 12:56 PM

Listed by: Tanya Hatchett, Century 21 Palms Realty Phone #: (843) 310-6855

MLS: MyrtleBeach #2508700

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