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$1,100,000

Beds
3
Baths
2.0
sq ft
1,819

8500 Margate Cir Unit 206, Myrtle Beach, SC 29572

8500 Margate Cir Unit 206

Myrtle Beach, SC 29572

  • 5 days on market
***BE SURE TO WATCH THE WALK-THRU VIDEO INCLUDED WITH LISTING*** There is so much to love about this oceanfront residence. Let's start with its incredible deck -- over 300 SF, two rooms wide! You'll be out there every morning watching the sun rise and every evening with a glass of wine in your hand listening to the waves crash while the sun goes down. The interior is just as special. Fully renovated a couple years ago with complete renovation of the kitchen -- quartz countertops, new cabinets, herringbone tile backsplash, stainless steel appliances and all new lighting. The bathrooms have been equally upgraded with full tile surround showers and tub, frameless shower doors, quartz countertops, all new fixtures and lighting. The home is very tastefully decorated and in immaculate condition. The owner only rents for six months of the year and have produced outstanding rental income. Kingston Plantation is a 145-acre, master planned community in the heart of Myrtle Beach. Kingston offers a combination of amenities and preserved natural environment that's unparalleled. One-half mile of white sand beach, twelve acres of freshwater lakes and mature trees, all surrounded by beautifully manicured grounds. The Plantation offers amenities such as a magnificent Spa and Fitness Center, four clay and hard surface tennis courts, four pickleball courts, multiple pools, badminton, croquet, beach volleyball and much more! Kingston offers a selection of one, two, three and four bedroom villas, townhomes, lakefront lodges and oceanfront high-rises through the community.

Details

Property type

Condominium

Est. home value

$1,003,964

Lot size

Unknown

Price per sq ft

$605

Year built

2004

Monthly HOA fee

$1,478

Price History

10/03/2024
MyrtleBeach

MyrtleBeach #2422964

Listed
$1,100,000
+41.94%
11/12/2021
MyrtleBeach

MyrtleBeach #2119719

Sold
$775,000
+34.78%
11/10/2020
MyrtleBeach

MyrtleBeach #2023894

Sold
$575,000
+17.35%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Community features: 

Pool, Gated, Clubhouse, Tennis Court(s)

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

$761,518
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$250,482
Cash to seller
$761,518

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

Seller’s Loan History

Lender

Ameris Bank

Loan start date

November 2021

Original loan amount

$300,000

Est. remaining balance

$250,482

Interest rate

2.15%

Loan type

New Conventional, 15 year

Seller

Harry James Johnson

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: 10/08/2024 at 10:45 AM

Listing updated: 10/03/2024 at 5:38 PM

Listed by: Bryan Boodro, Leonard Call - Kingston Phone #: (843) 449-6400

MLS: MyrtleBeach #2422964

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