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$695,000

Beds
2
Baths
1.0
sq ft
1,128

2003 Asbury St, Georgetown, SC 29440

2003 Asbury St

Georgetown, SC 29440

  • 28 days on market
    • Price drop $15,000↓
BRING ALL OFFERS! MOTIVATED SELLER! Owner just re-applied and paid for 200ft TRUE DEEPWATER dock extension which was PREVIOUSLY approved but never built! This permit will allow the next owner to add the 200ft for $60,000 - $70,000.Endless opportunities await you at the most adorable bungalow with direct water access to Winyah Bay featuring a 700ft PRIVATE DOCK (current length, but will soon be approved for 900ft), sweeping views, and gorgeous sunrises. Taken down to the studs in 2017 with $50,000 in upgrades and $35,000 in designer furnishings installed within the last two years, this 2 bedroom, 1 bathroom home also features an accessory structure, both of which come FULLY STOCKED AND FURNISHED at no additional cost.The property is currently leased for $4,000/mo on a month-to-month lease with a tenant in place. The sale consists of 1.52 acres between 2 tax map numbers: 05-0042-048-00-00 (Lot 34) 05-0042-057-04-00 (Lot 34 - A). There is no neighborhood HOA, and this property would be eligible for a short-term rental permit, and the next owner may apply through the City of Georgetown. Another option would be to tear down the existing structure and build your dream home on the water. Seller has provided a copy of the most up-to-date survey which outlines the DHEC critical lines and is ready for architectural plans. 2003 Asbury offers not only comfort and style but also the convenience of being just moments away from some of the area's most exciting spots such as: Historic Downtown Georgetown: Just a quick drive away, you'll find the rich history and vibrant culture of Downtown Georgetown. Enjoy quaint shops, delicious dining options, and scenic waterfront views. The new George Hotel is just an 8-minute drive away. Georgetown Harborwalk: Stroll along the picturesque Harborwalk, where you can soak in the beauty of the Sampit River and watch boats glide by. Beaches: Enjoy the sun and sand with Pawleys Island and Myrtle Beach just a short drive away, making beach days easy and fun. Hobcaw Barony: Explore this vast nature reserve, perfect for hiking, birdwatching, and experiencing the natural beauty of the Lowcountry. Golf Courses: Tee off at nearby award-winning golf courses, offering stunning views and challenging play for enthusiasts. Additional Info: Flood Insurance: $3,467/yr Homeowners Insurance: $3,010/yr

Details

Property type

Single Family Residence

Est. home value

$314,837

Lot size

0.26 acres

Price per sq ft

$617

Year built

1957

Annual property taxes

$1,597.7

Price History

08/15/2024
CTAR

CTAR #24020650

Listed
$695,000
+27.48%
06/03/2022
MyrtleBeach

MyrtleBeach #2208707

Sold
$545,200
+314.6%
03/04/2016
MyrtleBeach

MyrtleBeach #1510304

Sold
$131,500

Schools & Community

Elementary school: 

Maryville Elementary School

Middle school: 

Georgetown Middle School

High school: 

Georgetown

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

$165,532
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$473,868
Cash to seller
$165,532

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

Seller’s Loan History

Lender

Direct Mortgage Loans Llc

Loan start date

June 2022

Original loan amount

$490,680

Est. remaining balance

$473,868

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Kelsey L Puddington

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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Status: Active

Tomo last checked: 09/13/2024 at 6:25 AM

Listing updated: 09/05/2024 at 1:41 PM

Listed by: Saralouise 'sl' Saad, The Boulevard Company, LLC Phone #: (843) 619-7816

MLS: CTAR #24020650

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