Condo: Jasmine Lakes # 302: 07/11/2012

THIS IS A TOP 10 PICK

Condo … Tax ID # 195-17-01-177
 
$79,900 … 10% ($8,900) Below Recent Sales (Avg.)
 
659 Woodmoor Circle, Jasmine Lakes # 302
Murrells Inlet, SC 29576
 
3 Bedrooms, 2 Bathrooms, 1300 GLA (Htd. SqFt)
10 Min. to beach. 20 Min. to airport.


Jasmine Lakes is a stable condo project built around 1999. Located in a residential area between Bypass Highway 17 and Business Highway 17 on the sound end of the Grand Strand, just south of Garden City Beach. Approx. 20-minute drive to the airport.
 
Currently in MLS, the lowest priced active listing of a 3-BR unit in Jasmine Lakes is priced at $100,000 (MLS #1116847).
 
Jasmine Lakes #302, 3 BRs/2 Baths, 1300 GLA, listed at $84,000
Compared to Recent Sales:

Jasmine Lakes Unit #
BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
619 Woodmoor, #102 3/2 1,300 $97,000 04/04/2012 1201492
627 Woodmoor, #302 3/2 1,300 $92,000 09/29/2011 1104660
631 Woodmoor, #201 3/2 1,300 $90,900 04/27/2011 1020314
639 Woodmoor, #302 3/2 1,300 $92,000 04/06/2011 1016697
659 Woodmoor, #101 3/2 1,300 $93,250 03/11/2011 1018745

 
In addition to these sales, it should be noted another 3 BR at Jasmine Lakes sold that I purposely omitted, as follows: 627 Woodmoor Circle, Unit # 101, closed 2/21/2012 for $70,000. The seller, who is also a Realtor, purchased the unit at foreclosure auction two months earlier for $56K and flipped it two months later without having to pay a real estate commission. Thus, that is not representative of the market and has been excluded from this analysis.
 
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Foreclosure Property
MLS #1207263
Listing office: Century 21 Hawkeye Realty
Listing Agent: Mike Thompson
843-997-4712
c21hawkeye@aol.com