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$2,875,000

Beds
7
Baths
7.5
sq ft
3,146

316 N Waccamaw Dr, Murrells Inlet, SC 29576

316 N Waccamaw Dr

Garden City Beach, SC 29576

  • 27 days on market
Ocean Oasis is the perfect beachfront home for investors or as a permanent residence sitting just a few blocks north of the Garden City Pier. This is a 7 bedroom and 7.5 bath rental machine with many updates and modernizations. In the last two years, it was renovated top to bottom inside and out including new kitchen cabinets and appliances, hurricane windows and doors, interior paint, flooring, furniture, hot water heaters and all master bathrooms. The exterior has been enhanced with new paint, low maintenance Trex Decking and vinyl rail on the porches as well as a new inground pool (heated and cooled!) with paver surround. Its' raised beach design sits directly on the ocean with a very desirable natural dune separation while still affording amazing views of the sand and sea. There is a lot of pride in the ownership of this home. Even with the extensive use of this Oceanfront home by the owners it continues to produce top notch income. This Oasis offers something for every type of Oceanfront buyer.

Details

Property type

Single Family Residence

Est. home value

$1,653,743

Lot size

7,405 sq ft

Price per sq ft

$914

Year built

2005

HOA

Yes

Price History

08/23/2024
MyrtleBeach

MyrtleBeach #2419596

Listed
$2,875,000
+105.36%
09/01/2021
MyrtleBeach

MyrtleBeach #2113697

Sold
$1,400,000
+43.59%
06/09/2020
MyrtleBeach

MyrtleBeach #2003234

Sold
$975,000

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

$1,598,444
Asking price
$2,875,000
Closing costs (~8% of asking)
-$230,000
Est. remaining loan balance
-$1,046,556
Cash to seller
$1,598,444

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

August 2021

Original loan amount

$1,120,000

Est. remaining balance

$1,046,556

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Marc A Selfon

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: 09/19/2024 at 5:35 AM

Listing updated: 09/17/2024 at 11:48 AM

Listed by: Matt Almony, Coast Real Estate SC Phone #: (843) 655-4554

MLS: MyrtleBeach #2419596

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