tomo logo

$287,500

Beds
2
Baths
1.5
sq ft
1,260

5508 Porcher Dr Unit 3, Myrtle Beach, SC 29577

5508 Porcher Dr Unit 3

Myrtle Beach, SC 29577

  • 52 days on market
    • Price drop $2,000↓
This unique 2 story villa is steps away from the beach! Imagine living this close to the beach year round in this updated villa with beautiful rich luxury vinyl flooring and light and bright decor. Fully furnished with newer furniture and including fully stocked kitchen, bath supplies and TVs in every room. Currently being used as a short term rental. Flex room or dining room off the front entry opens to galley kitchen with breakfast bar, beautiful granite counter tops and stainless appliances. Living room with access to the fenced in courtyard. 2 bedrooms upstairs and a full bath. Enjoy relaxing in the community pool, or taking walks on the beach. Great possible investment or vacation home. Close to parks, restaurants and more! Water Heater (2024) Roof (2023)

Details

Property type

Condominium

Est. home value

$243,182

Lot size

Unknown

Price per sq ft

$229

Year built

1973

Monthly HOA fee

$300

Price History

06/25/2024
MyrtleBeach

MyrtleBeach #2411950

Price change
$287,500
-0.69%
05/16/2024
MyrtleBeach

MyrtleBeach #2411950

Listed
$289,500
+20.63%
01/09/2023
MyrtleBeach

MyrtleBeach #2224321

Sold
$240,000

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

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

$107,369
Asking price
$287,500
Closing costs (~8% of asking)
-$23,000
Est. remaining loan balance
-$157,131
Cash to seller
$107,369

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

Seller’s Loan History

Lender

Coastal Carolina National Bank

Loan start date

January 2023

Original loan amount

$168,000

Est. remaining balance

$157,131

Interest rate

5.98%

Loan type

New Conventional, 15 year

Seller

Veeram Raja

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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312 69th Ave N Unit 101, Myrtle Beach, SC 29572

Status: Active

Tomo last checked: 07/07/2024 at 5:40 PM

Listing updated: 07/01/2024 at 2:13 PM

Listed by: Bill Dotson, Realty One Group Dockside Cnwy Phone #: (843) 492-4030

MLS: MyrtleBeach #2411950

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