Condo: Magnolia North #2-104: 09/19/2012

Condo … Tax ID # 173-04-01-503
 
$79,900 … 15% ($13,600) Below Recent Sales (Avg.)
WITHDRAWN
Golf Course View
4823 Orchid Way, Magnolia North # 2-104
Myrtle Beach, SC 29577
 
2 BRs, 2 Baths, 1025 GLA (Htd. SqFt) Built 1999

10 Min. to beach & airport

Magnolia North is centrally located off Bypass Highway 17 across from 48th Avenue North. It’s built adjacent to Myrtlewood Golf Course and the subject, a first-floor unit, has a golf course and pool view. Built between 1997 and 2006, this rambling project has 365 units, a mix of 1-, 2- and 3-bedroom condos with prices ranging from $55,000 to $150,000 and the average price around $100K.
 

Currently in MLS, the next lowest priced active 2-BR is listed at $95,900 (MLS # 1212623).
 
This is a lender approved short sale. Normally we don’t list short sales because they’re typically difficult to close, it’s usually a long, drawn-out process, and one never knows what price the mortgagee will accept. However, in this case the listing agent stated the bank had previously approved a sale price of $79,900 for another buyer, so she feels relatively confident about this price.

 

Magnolia North # 2-104, 2 BR, 2 Bath , 1025 GLA, Built 1999, listed at $79,900
Compared to Recent Sales:

Magnolia North Sales BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
4851 Carnation Circle #204 2/2 1,025 $95,000 06/29/2012 1107335
4878 Dahlia Court #104 2/2 1,025 $82,000 05/31/2012 1103826
4855 Carnation Circle #105 2/2 1,025 $108,000 05/14/2012 1203902
4877 Dahlia Court #201 2/2 1,025 $89,000 05/11/2012 1204020

 

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Lender Approved Short Sale

MLS #1212796

Listing Office: Prudential Myrtle Beach RE
Listing Agent: The O’Brien Team