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$159,000

Beds
1
Baths
1.0
sq ft
570

603 Wagon Wheel Rd Unit 206, Myrtle Beach, SC 29572

603 Wagon Wheel Rd Unit 206

Myrtle Beach, SC 29572

  • 69 days on market
    • Price drop $2,000↓
This beautifully updated 1-bedroom, 1-bathroom unit offers modern living and a fantastic investment opportunity. The owner has successfully rented the unit through Airbnb, with bookings year-round, especially during the highly sought-after summer and spring seasons. This makes it a great option for anyone looking to generate excellent rental income with ease. Recently remodeled in 2021, it features a contemporary kitchen with new cabinets, stainless steel appliances (including a dishwasher, microwave, and refrigerator), and sleek LPV flooring throughout. Additional updates include a new HVAC system, windows, roof, and resurfaced driveway.The unit comes fully furnished with stylish decor, making it move-in ready. Community laundry facilities were also upgraded in 2023.Whether you're seeking a personal getaway or a profitable rental property, this unit is an ideal choice! Square footage is approximate and not guaranteed. Buyer/buyer's agent is responsible for all verifications that are important to them.

Details

Property type

Condominium

Est. home value

$117,715

Lot size

Unknown

Price per sq ft

$279

Year built

1984

Monthly HOA fee

$364

Price History

11/26/2024
MyrtleBeach

MyrtleBeach #2425535

Price change
$159,000
-1.24%
11/06/2024
MyrtleBeach

MyrtleBeach #2425535

Listed
$161,000
+222%
02/18/2021
MyrtleBeach

MyrtleBeach #2100734

Sold
$50,000
+42.86%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

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

$111,320
Asking price
$159,000
Closing costs (~8% of asking)
-$12,720
Est. remaining loan balance
-$34,960
Cash to seller
$111,320

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

June 2006

Original loan amount

$57,200

Est. remaining balance

$34,960

Interest rate

6.53%

Loan type

Not Provided, 30 year

Seller

Steven C Moore Sr

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: 01/14/2025 at 5:55 PM

Listing updated: 11/26/2024 at 8:55 AM

Listed by: Dominique LaPlaca, Omni Real Estate MB Phone #: (843) 443-4015

MLS: MyrtleBeach #2425535

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