Condo: Ocean Dunes Twr 1 # 4010: 09/21/2012

Condo … Tax ID # 165-16-08-075
 
$29,999 … 29% ($12,000) Below Recent Sales (Avg.)
Sold $29,000 CASH
7500 N. Ocean, Ocean Dunes Twr I #4010
Myrtle Beach, SC 29572
 
1 BR, 1.5 Bath, 503 GLA (Htd. SqFt) Built 1985

1,000′ off oceanfront. 15 minutes 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.

 
Ocean Dunes Tower I (and the adjacent Tower II) are east of Ocean Boulevard and within about 1,000 feet of the ocean. More or less, they are part of the Ocean Dunes resort complex. Ocean Dunes is an oceanfront condotel (condo project operated as a hotel with front desk, concierge, conference facilities, pools, restaurants, and all the amenities typically found at a large hotel). Units in Ocean Dunes Towers I and II are typically rented through Ocean Dunes Resort. Financing on condotels is limited.
 
Located on the north end of the City of Myrtle Beach, an area less commercialized than the south end of Myrtle Beach.
 
The subject unit is on a low floor and has no ocean view. All the sales we found and listed below are similar in floor plan and also lack an ocean view.
 
Like most condos, we have the subject floor plan and can email it to you upon request (no charge).
 
Currently in MLS, the next lowest priced active listing in either Tower I or Tower II is priced at $64,900 (omitting short-sale listings with prices that often the banks don’t agree to).
 
Ocean Dunes Twr I #4010, 1 BR, 1.5 Bath , 503 GLA, built 1985, listed at $32,900

Compared to Recent Sales:

Ocean Dunes Twr. I & II Sales BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
Unit # 4025 (Twr. I)
1/1.5 503 $41,000 09/05/2012 1201574
Unit # 6020 (Twr. II) 1/1.5 503 $45,000 08/29/2012 1204789
Unit # 6030 (Twr. II)
1/1.5 503 $43,500 07/09/2012 1204787
Unit # 4024 (Twr. I) 1/1.5 503 $41,500 06/19/2012 1201605
Unit # 4031 (Twr. I)
1/1.5 503 $48,000 03/02/2012 1201379
Unit # 4022 (Twr. I) 1/1.5 503 $32,900 02/17/2012 1103309

 

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Bank Owned

MLS #1210748

Listing Office: The Hoffman Group
Listing Agent: Alicia Altman, REALTOR