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$1,060,000

Beds
5
Baths
3.0
sq ft
1,868

324 54th Ave N, North Myrtle Beach, SC 29582

324 54th Ave N

North Myrtle Beach, SC 29582

  • 15 days on market
Introducing Cabin by the Sea – a truly one-of-a-kind property featuring 5-Bedrooms, 3-Bathrooms. This Home has been fully renovated unlike any other in the entire area! Professionally designed, this 5-bedroom, 3-bath retreat combines style, comfort, and impressive rental income. Perfect for accommodating up to 16 guests, the home offers three king beds, four queens, and one full bed. As you enter the home you will truly see the level of thought and detail that was put into both the renovation & design. The inviting living room, complete with a Smart TV and an elegant antler chandelier, sets the tone for relaxation, while the modern, fully equipped kitchen features a striking black backsplash and bar seating for five. A spacious dining table for eight welcomes gatherings of all kinds. Each bedroom is fitted with a Smart TV, and the versatile sleeping arrangements ensure flexibility for family & friends. Step outside to indulge in the large hot tub, enjoy a barbecue on the outdoor grill, or challenge friends to a game at the poker table. The expansive outdoor area includes a Carolina room, private dock, and a wood-inlaid bar, offering spaces to unwind or entertain in style. Convenient parking for 6-8 cars and a washer/dryer complete this exceptional property, making it a beautiful, income-generating, RARE escape in the heart of Cherry Grove Beach.

Details

Property type

Single Family Residence

Est. home value

$785,063

Lot size

6,098 sq ft

Price per sq ft

$568

Year built

1968

HOA

Yes

Price History

11/07/2024
MyrtleBeach

MyrtleBeach #2425597

Listed
$1,060,000
+32.5%
03/01/2023
MyrtleBeach

MyrtleBeach #2300632

Sold
$800,000

Schools & Community

Elementary school: 

Ocean Drive Elementary

Middle school: 

North Myrtle Beach Middle School

High school: 

North Myrtle Beach 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

$766,988
Asking price
$1,060,000
Closing costs (~8% of asking)
-$84,800
Est. remaining loan balance
-$208,212
Cash to seller
$766,988

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

Seller’s Loan History

Lender

Paul And Carol Bonham

Loan start date

February 2023

Original loan amount

$445,000

Est. remaining balance

$208,212

Interest rate

6.33%

Loan type

New Conventional, 3 year

Seller

Stump Holdings Llc

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: 11/21/2024 at 10:10 PM

Listing updated: 11/08/2024 at 2:50 PM

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

MLS: MyrtleBeach #2425597

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