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$220,000

Beds
1
Baths
1.5
sq ft
741

5511 N Ocean Blvd Unit 202, Myrtle Beach, SC 29577

5511 N Ocean Blvd Unit 202

Myrtle Beach, SC 29577

  • 57 days on market
    • Price drop $4,900↓
Move in ready 2nd floor fully furnished condo awaits it's new owner! This building is located in the highly desirable section of Myrtle Beach known as the Golden Mile. Enjoy those beautiful ocean views and breezes from your balcony which also overlooks the pool and lazy river. It's second floor location is also close to the parking area and stairs so if you don't feel like going through the lobby and waiting on the elevator, you have that additional choice. Kitchen is open to the dining and living room area. There is also a separate closet in this open area which was added offering more storage space. HVAC replaced in 2023. Upgraded granite countertops and stainless steel appliances finish the kitchen. The HOA dues cover basic cable, wifi & water and sewer & interior electric. 2nd floor location with quick access to the roof top deck where you can enjoy the comfortable Adirondack chairs while overlooking the sunrise over the ocean. Home owners and their guests enjoy not only an outdoor pool, hot tub and lazy river, but also an indoor pool, fitness room and "Buckets", an onsite bar and grille. Seller says they have the best cheeseburgers on the beach!

Details

Property type

Condominium

Est. home value

$209,765

Lot size

Unknown

Price per sq ft

$297

Year built

1985

Monthly HOA fee

$588

Price History

09/25/2024
MyrtleBeach

MyrtleBeach #2419673

Price change
$220,000
-2.18%
08/22/2024
MyrtleBeach

MyrtleBeach #2419673

Listed
$224,900
+82.55%
11/20/2019
MyrtleBeach

MyrtleBeach #1916163

Sold
$123,200

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

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

$173,222
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$29,178
Cash to seller
$173,222

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

Seller’s Loan History

Lender

Bci Financial Services

Loan start date

January 2004

Original loan amount

$57,650

Est. remaining balance

$29,178

Interest rate

5.89%

Loan type

Not Provided, 30 year

Seller

Terri M Zahler

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: 10/18/2024 at 6:25 PM

Listing updated: 10/17/2024 at 12:30 PM

Listed by: Nannette Nelson, CENTURY 21 Thomas Phone #: (843) 273-3002

MLS: MyrtleBeach #2419673

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