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$210,000

Beds
1
Baths
1.0
sq ft
597

5523 N Ocean Blvd Unit 509, Myrtle Beach, SC 29577

5523 N Ocean Blvd Unit 509

Myrtle Beach, SC 29577

  • 272 days on market
    • Price drop $5,000↓
Great looking and updated, true 1BR in the Ocean Forest Plaza. Upgraded countertops and cabinets in the kitchen and bathroom, flooring, furnishings, décor and more. Desirable layout with the true/private 1BR, spacious living room/kitchen combo leading out to the balcony with excellent ocean views. Convenient 5th floor location with access right to the parking garage, no elevator needed. Ocean Forest Plaza is located in the historic Cabana Section of Myrtle Beach, minutes from everything but in a quieter, upscale residential part of town. Excellent option as a primary residence, second home or vacation rental. Conventional financing is also available in this condominium project, unlike many oceanfront projects!

Details

Property type

Condominium

Est. home value

$221,091

Lot size

Unknown

Price per sq ft

$352

Year built

1986

Monthly HOA fee

$700

Price History

09/30/2024
MyrtleBeach

MyrtleBeach #2400578

Price change
$210,000
-2.33%
09/05/2024
MyrtleBeach

MyrtleBeach #2400578

Price change
$215,000
-2.23%
08/19/2024
MyrtleBeach

MyrtleBeach #2400578

Price change
$219,900
-2.22%

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

$100,242
Asking price
$210,000
Closing costs (~8% of asking)
-$16,800
Est. remaining loan balance
-$92,958
Cash to seller
$100,242

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

June 2021

Original loan amount

$100,000

Est. remaining balance

$92,958

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Jeffery Clyde Leaman and Luann B Line

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: 10/05/2024 at 11:30 PM

Listing updated: 09/30/2024 at 5:08 PM

Listed by: Brian Piercy, ERA Real Estate Modo Phone #: (843) 800-8484

MLS: MyrtleBeach #2400578

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