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$242,643Estimated home value

Beds
2
Baths
2.0
sq ft
1,140

601 Mitchell Dr Unit 301, Myrtle Beach, SC 29577

601 Mitchell Dr Unit 301

Myrtle Beach, SC 29577

  • Off market
    • Price drop $5,000↓
Situated in the vibrant heart of Myrtle Beach, this lovely updated condo offers the perfect blend of convenience and serenity. Step out onto the spacious balcony and enjoy the lively view of the basketball court and partial view of the outdoor pool. This turn-key condo is an ideal choice whether you're seeking a full-time residence, a vacation getaway, or a lucrative investment opportunity. It has demonstrated a solid rental history, underlining its appeal and profitability. The condo's interior reflects a bright and airy atmosphere, enhanced by tasteful beachy decor. The furnishings blend comfort with style, ensuring a welcoming environment for residents and guests alike. Two well-appointed bedrooms offer ample space and comfort, perfect for relaxation after a day exploring the beach or enjoying local amenities. As a furnished unit, it provides immediate livability or rental readiness. Every detail has been taken care of, making it a hassle-free option for those eager to embrace the Myrtle Beach lifestyle. This condo is a gem in Myrtle Beach's real estate market, promising a blend of leisure, luxury, and convenience. Whether as a personal haven or an investment, it stands as an irresistible opportunity in one of the most sought-after locations on the coast.

Details

Property type

Condominium

Est. home value

$242,643

Lot size

Unknown

Price per sq ft

$193

Year built

1978

Monthly HOA fee

$583

Price History

08/12/2024
MyrtleBeach

MyrtleBeach #2324323

Removed
$220,000
07/12/2024
MyrtleBeach

MyrtleBeach #2324323

Price change
$220,000
-2.22%
06/20/2024
MyrtleBeach

MyrtleBeach #2324323

Price change
$225,000
-3.85%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

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

$145,223
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$57,177
Cash to seller
$145,223

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

Seller’s Loan History

Lender

Guild Mortgage

Loan start date

January 2020

Original loan amount

$77,500

Est. remaining balance

$57,177

Interest rate

3.15%

Loan type

New Conventional, 15 year

Seller

Michael E Cheek and L Dorothea

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: Off Market

Tomo last checked: 10/05/2024 at 10:00 PM

Listing updated: 08/04/2024 at 5:03 PM

Listed by: The Equity Team, CRG Homes Phone #: (843) 651-8460

MLS: MyrtleBeach #2324323

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