tomo logo

$259,900

Beds
1
Baths
1.0
sq ft
618

5523 N Ocean Blvd Unit 1601, Myrtle Beach, SC 29577

5523 N Ocean Blvd Unit 1601

Myrtle Beach, SC 29577

  • 77 days on market
    • Price drop $5,000↓
Welcome to unit 1601 in Ocean Forest Plaza! Step into this true one bedroom, totally remodeled unit and take a look at its amazing views of the Atlantic Coastline! This unit was completely redone in 2023 to include; a new bathroom with a beautiful hand placed pebble and tile shower, custom lighting options throughout, practical built walk-in closet with extra storage shelves on the outside, and a thoughtfully redesigned kitchen with quartz counter tops and a versatile kitchen island. Adjacent to the kitchen you will find the living room area with a TV and electric fire place build out as well! You have to see this unit in person to truly appreciate it and the photos do not do the view justice! It is stunning!! Also unlike most buildings of its kind owners are allowed to keep a golf cart on property in the parking garage!! Schedule your showing today and make this your new home or investment property at the beach. Be sure to check out the virtual tour link for additional photos of the property and a full walk through video!!!

Details

Property type

Condominium

Est. home value

$224,400

Lot size

Unknown

Price per sq ft

$421

Year built

1986

Monthly HOA fee

$700

Price History

03/25/2025
MyrtleBeach

MyrtleBeach #2501312

Price change
$259,900
-1.89%
03/07/2025
MyrtleBeach

MyrtleBeach #2501312

Price change
$264,900
-1.89%
01/16/2025
MyrtleBeach

MyrtleBeach #2501312

Listed
$270,000
+22.17%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

North Myrtle Beach High School

Community features: 

Pool, Clubhouse

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

$45,135
Asking price
$259,900
Closing costs (~8% of asking)
-$20,792
Est. remaining loan balance
-$193,973
Cash to seller
$45,135

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

Seller’s Loan History

Lender

T2 Financial

Loan start date

March 2023

Original loan amount

$198,900

Est. remaining balance

$193,973

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Raleigh Ray Stevens and G Janice

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: 04/03/2025 at 2:30 PM

Listing updated: 03/25/2025 at 12:04 PM

Listed by: Grand Strand Team, INNOVATE Real Estate Phone #: (843) 839-1649

MLS: MyrtleBeach #2501312

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