tomo logo

$325,000

Beds
3
Baths
2.0
sq ft
1,136

7100 N Ocean Blvd Unit 520, Myrtle Beach, SC 29572

7100 N Ocean Blvd Unit 520

Myrtle Beach, SC 29572

  • 495 days on market
    • Price drop $13,000↓
Stunning ocean views, this spacious 3 bedroom 2 bathroom condo is situated on the 5th floor of the world famous Ocean Reef Resort. The large living area and master bedroom both open to the extra wide balcony for relaxing views and the perfect ocean breeze. The kitchen features granite countertops, new stove and microwave. Ocean Reef Amenities include indoor and outdoor pools, hot tubs, lazy river, water park, arcade, a full gym, an onsite restaurant, and plenty more. The resort is located close to some of the finest dining, shopping, attractions, and entertainment that the Grand Strand has to offer.

Details

Property type

Condominium

Est. home value

$365,755

Lot size

Unknown

Price per sq ft

$287

Year built

1980

Monthly HOA fee

$1,747

Price History

11/15/2024
MyrtleBeach

MyrtleBeach #2314278

Price change
$325,000
-3.85%
05/29/2024
MyrtleBeach

MyrtleBeach #2314278

Price change
$338,000
-5.59%
07/19/2023
MyrtleBeach

MyrtleBeach #2314278

Listed
$358,000
+74.63%

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

$176,251
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$122,749
Cash to seller
$176,251

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 Bank

Loan start date

May 2021

Original loan amount

$153,750

Est. remaining balance

$122,749

Interest rate

2.45%

Loan type

New Conventional, 15 year

Seller

Lora E Whalen

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: 11/25/2024 at 6:20 AM

Listing updated: 11/15/2024 at 12:45 PM

Listed by: Gail Bennett, Ocean Front Guru Real Estate Phone #: (843) 839-5200

MLS: MyrtleBeach #2314278

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