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$200,000

Beds
2
Baths
2.0
sq ft
801

500 River Oaks Dr Unit 58I, Myrtle Beach, SC 29579

500 River Oaks Dr Unit 58I

Myrtle Beach, SC 29579

  • 119 days on market
This delightful 2-bedroom, 2-bathroom condo in the sought-after River Oaks Condos community is perfect as an investment property, vacation retreat, or new permanent home. The living room exudes warmth and charm, ideal for relaxing or entertaining guests. Natural light pours in through sliding glass doors, leading to a balcony that offers stunning views. The kitchen is well-equipped with ample counter space and a breakfast bar, making meal preparation and serving effortless. The master suite is a true oasis, featuring abundant natural light and a spacious bathroom with a vanity and a tub/shower combo. Enjoy outdoor living year-round on the screened-in balcony. River Oaks Condos boasts amenities like a refreshing pool area, perfect for cooling off on hot summer days. Conveniently located off River Oaks Dr near 501, you'll have easy access to the beautiful River Oaks Golf Club, the beach, Broadway at the Beach, Coastal Grand Mall, Tanger Outlets, fantastic dining, and endless entertainment options. Don't miss this fantastic opportunity!

Details

Property type

Condominium

Est. home value

$191,682

Lot size

Unknown

Price per sq ft

$250

Year built

1998

Monthly HOA fee

$280

Price History

07/24/2024
MyrtleBeach

MyrtleBeach #2417695

Listed
$200,000
+6.67%
06/21/2023
MyrtleBeach

MyrtleBeach #2307427

Sold
$187,500

Schools & Community

Elementary school: 

River Oaks Elementary

Middle school: 

Ocean Bay Middle School

High school: 

Carolina Forest High School

Community features: 

Pool, Tennis Court(s)

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

$45,538
Asking price
$200,000
Closing costs (~8% of asking)
-$16,000
Est. remaining loan balance
-$138,462
Cash to seller
$45,538

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

Seller’s Loan History

Lender

Emporium Tpo

Loan start date

June 2023

Original loan amount

$140,625

Est. remaining balance

$138,462

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Manuel Cruz and Michele Tortorici

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: 11/19/2024 at 9:40 PM

Listing updated: 08/26/2024 at 8:48 AM

Listed by: Shawn Robey, Realty ONE Group Dockside Phone #: (843) 492-4030

MLS: MyrtleBeach #2417695

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