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$899,900

Beds
5
Baths
5.5
sq ft
3,310

5811 Sumter Dr, Myrtle Beach, SC 29577

5811 Sumter Dr

Myrtle Beach, SC 29577

  • 66 days on market
    • Price drop $90,000↓
Centrally located at old Pine Lakes area, this home sits on 0.40 acres and was completely renovated from the studs out in 2021. Featuring a modern open living and kitchen area and split bedrooms on the opposite side of the home. This home has five bedrooms and with each one featuring its own shower/bath. Completely renovated in 2021 to include new roof, gutters, flooring, windows, fixtures, HVAC, appliances, everything was updated and replaced with an updated and modern look and feel. The huge back yard features an in ground 14x28 salt water pool and electric pool heater and a 24x28 basketball court and there is still plenty of room to do more. Too many features and upgrades to mention them all.

Details

Property type

Single Family Residence

Est. home value

$529,530

Lot size

0.40 acres

Price per sq ft

$272

Year built

1968

HOA

Yes

Price History

05/15/2024
MyrtleBeach

MyrtleBeach #2410752

Price change
$899,900
-9.09%
05/02/2024
MyrtleBeach

MyrtleBeach #2410752

Listed
$989,900

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Intermediate

High school: 

Myrtle Beach High School

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

$581,804
Asking price
$899,900
Closing costs (~8% of asking)
-$71,992
Est. remaining loan balance
-$246,104
Cash to seller
$581,804

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

Seller’s Loan History

Lender

United Wholesale

Loan start date

April 2021

Original loan amount

$264,000

Est. remaining balance

$246,104

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Efrat Shahar

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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Status: Active

Tomo last checked: 07/07/2024 at 6:40 PM

Listing updated: 05/15/2024 at 2:44 PM

Listed by: Efi Shahar, Coastal Premier RE Services Phone #: (843) 455-1151

MLS: MyrtleBeach #2410752

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