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$279,900

Beds
1
Baths
1.5
sq ft
858

501 S Ocean Blvd Unit 1103, North Myrtle Beach, SC 29582

501 S Ocean Blvd Unit 1103

North Myrtle Beach, SC 29582

  • 71 days on market
    • Price drop $10,000↓
Enjoy coast living at its finest! This true oceanfront one bedroom one and a half bath condo located in the very popular Verandas resort is the one you have been waiting for! Frome your private balcony prepare to be mesmerized by the breathtaking views of the blue Atlantic. This immaculate, tastefully decorated condo features tile flooring throught out, a fully equipped kitchen with stainless steel appliances and more storage space than you'll ever need. The Verandas boasts exceptional amenities including a 3 level parking deck, elevators, large inviting pool, hot tub and a lazy river for your enjoyment. Plus the Verandas location can't be beat...only blocks away and a short walk to popular Main Street. There you're guaranteed to enjoy great restaurants, shopping, dance clubs, and more entertainment. Summer will soon be here and this special condo is calling your name!

Details

Property type

Condominium

Est. home value

$321,396

Lot size

Unknown

Price per sq ft

$327

Year built

1999

Monthly HOA fee

$995

Price History

06/04/2024
MyrtleBeach

MyrtleBeach #2410287

Price change
$279,900
-3.45%
04/27/2024
MyrtleBeach

MyrtleBeach #2410287

Listed
$289,900
+26.04%
06/25/2021
MyrtleBeach

MyrtleBeach #2111003

Sold
$230,000

Schools & Community

Elementary school: 

Ocean Drive Elementary

Middle school: 

North Myrtle Beach Middle School

High school: 

North Myrtle Beach High School

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

$229,214
Asking price
$279,900
Closing costs (~8% of asking)
-$22,392
Est. remaining loan balance
-$28,294
Cash to seller
$229,214

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

Seller’s Loan History

Lender

Synovus Mtg Inc

Loan start date

July 2001

Original loan amount

$63,000

Est. remaining balance

$28,294

Interest rate

7.14%

Loan type

Not Provided, 30 year

Seller

Donald M Preiss and Jane A Preiss

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: 07/07/2024 at 7:20 PM

Listing updated: 06/04/2024 at 11:09 AM

Listed by: Susan Hewson, Sea Oats Real Estate Phone #: (843) 249-7627

MLS: MyrtleBeach #2410287

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