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$224,500

Beds
1
Baths
1.0
sq ft
650

501 S Ocean Blvd Unit 308, North Myrtle Beach, SC 29582

501 S Ocean Blvd Unit 308

North Myrtle Beach, SC 29582

  • 205 days on market
    • Price drop $500↓
Welcome to the highly sought after "Verandas by the Sea," OCEAN FRONT building in North Myrtle Beach, SC. This beautiful unit has an ocean view from the balcony. As you pull into the PRIVATE covered parking deck, you can use the ELEVATOR up to your slice of paradise. This unit not only has a pull-out sofa for guests, the kitchen has solid surface counter tops, with a stove, built in microwave and refrigerator. Other features include easy to maintain flooring, tub / shower combo, along with front and back HVAC wall units. The Verandas features direct beach access, a lazy river, pool and hot tub for you and your guests to enjoy! Located a short walk to Main Street where you will find dining, shopping, nightlife, and entertainment for all ages. Don’t let this fabulous FULLY FURNISHED unit pass you by!

Details

Property type

Condominium

Est. home value

$211,370

Lot size

Unknown

Price per sq ft

$346

Year built

1999

Monthly HOA fee

$678

Price History

11/30/2024
MyrtleBeach

MyrtleBeach #2413281

Price change
$224,500
-0.22%
06/01/2024
MyrtleBeach

MyrtleBeach #2413281

Listed
$225,000
+35.62%
03/25/2024
MyrtleBeach

MyrtleBeach #2321512

Removed
$165,900

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

$85,771
Asking price
$224,500
Closing costs (~8% of asking)
-$17,960
Est. remaining loan balance
-$120,769
Cash to seller
$85,771

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

Seller’s Loan History

Lender

Royal United Mortgage

Loan start date

July 2021

Original loan amount

$130,500

Est. remaining balance

$120,769

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Christopher Steven Ritchart

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: 12/23/2024 at 7:10 AM

Listing updated: 11/30/2024 at 1:15 PM

Listed by: Joellen Plyler, South Strand Realty Phone #: (843) 299-0268

MLS: MyrtleBeach #2413281

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