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$2,100,000

Beds
Unknown
sq ft
8,812

514 Blockade Dr, Pawleys Island, SC 29585

514 Blockade Dr

Pawleys Island, SC 29585

  • 108 days on market
    • Price drop $885,000↓
Discover the potential for this property to be a short-term vacation rental, AIRBNB, long-term rental, or a cozy bed and breakfast. Nestled in a prime location, this versatile property offers endless possibilities for a savvy investor or aspiring innkeeper. Live and work affords you the opportunity to create a great life for you and family. Currently four structures on the grounds to choose from as your new home. The main house features 5 bedrooms, 5 bathrooms and three kitchens. the two cottages feature 4 units with one bedroom, one bath, kitchen and living areas. Tiny home has one bed and one bath with living and kitchenette space. All units are artfully decorated and exude the true essence of Pawleys! Infrastructure is already in place for addition tiny homes. Spacious attached workshop and storage spaces are an added bonus. Two detached storage buildings are currently on the property and may be converted into tiny homes. The roofs are within five years new and many upgrades have been completed. Three laundry rooms available, outdoor shower, fire pit, barbeque stations and beautiful green space. Eclectic venue right around the corner from the creek! Walk, run, bike to the creek, beach, grocery stores and restaurants. You will be living your best life. Agent is Principal member of The LLC that owns the property.

Details

Property type

Multi Family

Lot size

Unknown

Price per sq ft

$239

Year built

1964

HOA

Yes

Price History

08/26/2024
MyrtleBeach

MyrtleBeach #2417351

Price change
$2,100,000
-29.65%
07/24/2024
MyrtleBeach

MyrtleBeach #2417351

Listed
$2,985,000
+442.73%
02/01/2019
MyrtleBeach

MyrtleBeach #1810973

Sold
$550,000
+124.95%

Schools & Community

Elementary school: 

Waccamaw Elementary School

Middle school: 

Waccamaw Middle School

High school: 

Waccamaw High School

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

South Atlantic Bank

Loan start date

April 2022

Original loan amount

$975,000

Est. remaining balance

Not provided

Interest rate

3.76%

Loan type

Future Advance Clause / Open End Mortgage, 5 year

Seller

The Rental House Llc

Lender

Carol J Demler Revocable Trust

Loan start date

November 2020

Original loan amount

$325,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Not Provided

Seller

The Rental House Llc

Lender

Ronald Sokol

Loan start date

February 2019

Original loan amount

$295,000

Est. remaining balance

$0

Interest rate

4.62%

Loan type

Not Provided, 5 year

Seller

The Rental House Llc

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: 11/09/2024 at 11:30 AM

Listing updated: 09/16/2024 at 6:38 PM

Listed by: Buffy Patterson, The Litchfield Company RE PI Phone #: (843) 237-2094

MLS: MyrtleBeach #2417351

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