Condo: River Oaks Golf & Tennis #43-I: 08/05/2012

Condo … Tax ID # 172-30-02-283
 
$54,500 … 13% ($8,300) Below Recent Sales (Avg.)
Sold $56,000 Bidding War
560 River Oaks Dr., River Oaks G & T #43-I
Myrtle Beach, SC 29579
 
2 BRs, 2 Baths, 875 GLA (Htd. SqFt), Built 1997
Sprawling condo project built along golf course.
Ten-minute drive to beach and 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.

 
This condo project known as River Oaks is built adjacent to River Oaks golf course, about a mile from Highway 501. The project has about 387 1- and 2-BR units. Additionally, it’s next to another sprawling condo project, River Oaks II, which has approx. 270 units. Many of these units have annual and seasonal tenants. It appears the subject unit does not overlook the golf course or even a green area. Take that into account when comparing this listing to sales of similar properties. If they had golf course views, clearly, people would pay more for a better view.
 
If you’re interested in this unit, we have the floor plan and can email it to you.
 
River Oaks Golf & Tennis Unit # 43-I, 2 BR, 2 Bath, Built 1997, Floor 3, Listed at $54,500
Compared to Recent Sales:

Unit # in River Oaks BRs/ Baths Floor Sales Price Closing Date Data Source MLS #
27-G 2/2 3 $53,000 05/25/2012 1201709
13-C 2/2 1 $65,000 05/30/2012 1207112
45-G 2/2 2 $51,050 06/13/2012 1206056
32-I 2/2 3 $69,000 06/13/2012 1205517
55-D 2/2 2 $71,000 07/27/2012 1210328
58-I 2/2 2 $68,0s00 08/03/2012 1209833

 

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Bank Owned
MLS #1212478

Listing Office: Century 21 All Stars

Listing Agent: Ronnie Eaves, REALTOR