tomo logo

$660,000

Beds
4
Baths
3.0
sq ft
2,638

8500 Margate Cir Unit 609, Myrtle Beach, SC 29572

8500 Margate Cir Unit 609

Myrtle Beach, SC 29572

  • 241 days on market
    • Price drop $19,900↓
This is your opportunity to purchase a beautiful 4-bedroom, 3-bathroom condo in the luxurious, highly-sought after Margate Tower in Kingston Plantation. Perched on the sixth floor, your private wraparound balcony affords you dramatic views both of Kingston Plantation and also a partial view of the ocean. The property has 9-foot ceilings and a substantial laundry room. The water heater is brand-new and has a ten-year warranty. The kitchen is a chef’s delight, complete with solid surface countertops, a pantry, stainless steel appliances, a breakfast bar and a brand-new microwave. The bedrooms all have tray ceilings and ceiling fans. The master bedroom is your very own piece of paradise, with a spacious en suite complete with double sinks, a garden tub and a separate shower. This spacious, open condo comes fully furnished and the carpet, couches and mattresses have all been replaced in the last five years. This is a perfect chance to be the owner of a fantastic vacation home, permanent residence or rental property. Kingston Plantation is an idyllic and iconic community in Myrtle Beach. It offers beachfront access, 13 outdoor pools, hot tubs, a kids’ pool play area, tennis and pickle ball courts, a fitness club, putting greens and more. It is close to great dining, shopping, golf and entertainment.

Details

Property type

Condominium

Est. home value

$734,537

Lot size

Unknown

Price per sq ft

$251

Year built

2004

Monthly HOA fee

$2,060

Price History

09/09/2024
MyrtleBeach

MyrtleBeach #2403332

Price change
$660,000
-2.93%
06/24/2024
MyrtleBeach

MyrtleBeach #2403332

Price change
$679,900
-1.45%
04/01/2024
MyrtleBeach

MyrtleBeach #2403332

Price change
$689,900
-1.43%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Community features: 

Pool, Gated, 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

$378,716
Asking price
$660,000
Closing costs (~8% of asking)
-$52,800
Est. remaining loan balance
-$228,484
Cash to seller
$378,716

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

Seller’s Loan History

Lender

Coastal Carolina National Bank

Loan start date

November 2015

Original loan amount

$281,620

Est. remaining balance

$228,484

Interest rate

3.76%

Loan type

Not Provided, 30 year

Seller

Jeffery E Parker and Heather Parker

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: 10/05/2024 at 8:55 PM

Listing updated: 09/09/2024 at 9:40 AM

Listed by: Adam Levy, Century 21 The Harrelson Group Phone #: (843) 903-3550

MLS: MyrtleBeach #2403332

MyrtleBeach logo

Recently listed in Myrtle Beach