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$274,900

Beds
1
Baths
1.0
sq ft
591

5523 N Ocean Blvd Unit 1207, Myrtle Beach, SC 29577

5523 N Ocean Blvd Unit 1207

Myrtle Beach, SC 29577

  • Pending
Welcome to Paradise! This exquisite Ocean Front, 1 Bed 1 Full bath Condo, is centrally located in the heart of the “The Golden Mile” section of Ocean Forest area of Myrtle Beach South Carolina! If you're looking for an updated oceanfront condo along the Grand Strand at a quiet, well-maintained building, look no further. This 12th Floor condo has a direct ocean view that will take your breath away on a spacious private balcony. As you enter the condo you are greeted with a private bedroom that accommodates a King Size bed and private entry to a full sized updated bath. Throughout this condo is Allen Roth glazed porcelain wood like flooring measuring 8 inches by 48 inch. The kitchen has exquisite suede granite countertops, soft close cabinetry, sophisticated high-end lighting / plumbing fixtures, stainless steel appliances, multi-colored back splash and room at the bar for dining. The family room has an electric fireplace, large TV and sofa that over looks the Atlantic Ocean. Off the family room is a UV protected sliding glass slider that opens onto a private balcony while keeping sunlight peaceful. This primary residence has never used as a rental while short term and long term rentals are allowed in Ocean Forest Plaza. This condo is ready for a primary residence , second home or for a vacation rental investment. Owners are allowed pets and golf carts. This high rise features wireless WIFI, owner’s fitness room, 7th floor owner's oceanfront lounge, back sunset patio, owners and guest laundry rooms, heated indoor pool, hot tub, sauna and outdoor pool. HOA fees include interior electric, water, cable and WIFI. Ocean Forest Plaza is not only located in The Avenues area of Myrtle Beach, it is close to everything you could want! After spending the day on the beach building sandcastles, surfing or just soaking up the sun, you are minutes away from endless restaurants from exotic to traditional, golfing, shopping, miniature golf for the family, and the Award-winning Carolina Opry! This immaculately maintained condo is ready for you to make memories to last a lifetime

Details

Property type

Condominium

Est. home value

$217,029

Lot size

Unknown

Price per sq ft

$466

Year built

1985

Monthly HOA fee

$700

Price History

07/05/2024
MyrtleBeach

MyrtleBeach #2414874

Pending
$274,900
06/21/2024
MyrtleBeach

MyrtleBeach #2414874

Listed
$274,900

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

$134,717
Asking price
$274,900
Closing costs (~8% of asking)
-$21,992
Est. remaining loan balance
-$118,191
Cash to seller
$134,717

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

Seller’s Loan History

Lender

Rocket Mortgage

Loan start date

September 2021

Original loan amount

$126,000

Est. remaining balance

$118,191

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Yolanda Renee Stout and Terry Ray Stout

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: Pending/Under Contract

Tomo last checked: 07/07/2024 at 7:10 PM

Listing updated: 07/05/2024 at 1:23 PM

Listed by: Mark Fales, GRANDE DUNES PROPERTIES Phone #: (843) 692-2323

MLS: MyrtleBeach #2414874

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