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$1,075,000

Beds
8
Baths
7.0
sq ft
3,774

343 Summer Ln, Murrells Inlet, SC 29576

343 Summer Ln

Garden City Beach, SC 29576

  • 199 days on market
    • Price drop $75,000↓
343 Summer Lane is a rare opportunity to own a duplex style home just a short distance from the beach. Options for rental income, personal use and a combination of both exist with this property. Each side of the duplex has 4-bedrooms, 3-full bathrooms and 1 half bathroom along with a nice sized living area, kitchen, breakfast bar and dining area. The Master bedroom and bathroom are location on the main floors with an additional 3-bedrooms and 2-bathrooms located on the top floor of both sides. The sellers have a potential pool layout drawn by a local pool company showing how they recommended adding two pools to create more rental income. Contact the listing agent, or your Realtor, for rental history, rental projections and additional pertinent information on this property. Be sure to check out the Matterport 3-D Virtual tour on both sides A & B.

Details

Property type

Single Family Residence

Est. home value

$1,034,062

Lot size

8,276 sq ft

Price per sq ft

$285

Year built

2006

HOA

Yes

Price History

09/04/2024
MyrtleBeach

MyrtleBeach #2411210

Price change
$1,075,000
-6.52%
06/15/2024
MyrtleBeach

MyrtleBeach #2411210

Price change
$1,150,000
-8%
05/07/2024
MyrtleBeach

MyrtleBeach #2411210

Listed
$1,250,000
+38.89%

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

$355,390
Asking price
$1,075,000
Closing costs (~8% of asking)
-$86,000
Est. remaining loan balance
-$633,610
Cash to seller
$355,390

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

Seller’s Loan History

Lender

Advisors Mortgage Group

Loan start date

December 2021

Original loan amount

$675,000

Est. remaining balance

$633,610

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Jose A Rubayo and Mary Ellen Rubayo

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: 11/22/2024 at 5:35 PM

Listing updated: 11/01/2024 at 3:55 PM

Listed by: Billy Nichols, Dunes Realty Sales Phone #: (843) 651-4112

MLS: MyrtleBeach #2411210

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