Condo: Gardens @ Cypress Bay #19-304: 09/19/2012

Condo … Tax ID # 118-19-03-031
 
$72,000 … 16% ($13,700) Below Recent Sales (Avg.)
Sold $69,000
4139 Hibiscus Drive, #19-304 Gardens @ Cypress Bay
Little River, SC 29566
 
3 BRs, 2 Baths, 1275 GLA (Htd. SqFt) Built 2007

10 Min. to Beach. 30 Min. to airport

This property was hand-picked for The Certifax Report; it has since sold. These deals often go contract pending within days of our reporting. If you want our research, analysis and alerts so you can act fast, subscribe here.

 
Built adjacent to Cypress Bay Golf Course, between North Myrtle Beach and the SC/NC state line. 5 minutes from Intracoastal Waterway and numerous marinas.
 
Among the last six sales of 2- and 3-BR units in the subject project, all but one were 2-BR units with prices ranging from $77,000 to $99,900. Only one 3-BR sold recently; it was a bank-owned property and sold for $80,000. Currently in MLS, the lowest priced 2-BR active is listed for $76,500. The lowest priced 3-BR active is listed for $89,500.
 
Reportedly, this unit was tenant-occupied. The listing agent stated this property is owned by Fannie Mae, and it’s likely they’ll take it off the market to repaint and install new carpeting.
 
Gardens @ Cypress Bay #19-304, 3 BR, 2 Bath , 1275 GLA, Built 2007, listed at $74,900
Compared to Recent Sales:

Gardens at Cypress Bay BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
Unit #6-102 2/2 975 $99,900 05/29/2012 1119918
Unit #19-104 Bank-Owned 3/2 1,275 $80,000 05/22/2012 1200365
Unit #8-204 2/2 1,025 $77,000 04/13/2012 1201268
Unit #1-302 2/2 975 $78,500 03/30/2012 1116759
Unit #4-201 2/2 1,025 $89,000 03/20/2012 1203837
Unit #16-101 2/2 1,025 $90,000 02/23/2012 1108455

 

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Bank Owned

MLS #1202045
Listing Office: Ocean Breeze Properties
Listing Agent: Tamara Reid, REALTOR