tomo logo

$509,000

Beds
2
Baths
2.0
sq ft
1,100

42 S Forest Beach Dr Unit 3041, Hilton Head Island, SC 29928

42 S Forest Beach Dr Unit 3041

Hilton Head Island, SC 29928

  • 134 days on market
    • Price drop $10,000↓
Welcome to 3041 Seascape! This 2BR/2BA rental machine features loads of improvements to enjoy. Updated flooring/furniture throughout, an amazing kitchen remodel and super view of the lagoon off the back deck. Found on South Forest Beach, just steps away from amazing beaches. A short walk to Coligny Plaza shops, dining, grocery, and the Lowcountry Celebration Park. Offered fully furnished! This complex features 2 swimming pools, boardwalk beach path, and a private beach cabana with restrooms and showers for Seascape owners and guests. Superb rental figures of 48K in 2022 and 40K in 2023. Regime includes internet/TV.

Details

Property type

Condominium

Est. home value

$542,332

Lot size

Unknown

Price per sq ft

$463

Year built

1972

HOA fee

$635.72

Price History

10/22/2024
HiltonHeadI

HiltonHeadI #445890

Price change
$509,000
-1.93%
07/11/2024
HiltonHeadI

HiltonHeadI #445890

Listed
$519,000
+46.2%
08/20/2021
HiltonHeadI

HiltonHeadI #416777

Sold
$355,000
+16.78%

Schools & Community

Neighborhood: 

Forest Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$299,187
Asking price
$509,000
Closing costs (~8% of asking)
-$40,720
Est. remaining loan balance
-$169,093
Cash to seller
$299,187

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

Seller’s Loan History

Lender

Mortgage Network Inc

Loan start date

November 2018

Original loan amount

$188,000

Est. remaining balance

$169,093

Interest rate

4.9%

Loan type

New Conventional, 30 year

Seller

Lanny D Smith and Teresa Murray Smith

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: 11/22/2024 at 3:30 AM

Listing updated: 11/16/2024 at 12:10 PM

Listed by: Mitchell Burns, Engel & Volkers Phone #: (843) 715-4422

MLS: HiltonHeadI #445890

HiltonHeadI logo