Condo: Sterling Village #H-6: 09/04/2012

Condo … Tax ID # 181-09-06-048
 
$39,999 … 9% ($3,900) Below Recent Sales (Avg.)
Sold $39,999
1206 Erin Way #H, Sterling Village II, Unit #H-6
Myrtle Beach, SC 29577
 
2 BRs, 1.5 Baths, 975 GLA (Htd. SqFt) Built 1986
10 Min. to Airport & to Beach

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.

 
The subject condo is a first floor unit in Sterling Village II (which is adjacent to two separate but similar condo projects; i.e., Sterling Village I and Sterling Village III). All three projects have identical floor plans — either 2 BR/1.5 bath first floor units or second floor loft-style 1-BR units.
 
Noteworthy is the subject is near an area known to have ground water contamination. The S.C. Dept. of Health and Environmental Control is investigating the release of hazardous substances from the AVX Corporation’s Myrtle Beach plant (within a half mile of the subject). You can read more about the contamination and possible hazards on the DHEC site HERE.
 
We found four sales of similar first floor 2-BR units with an average sale price of $43,875. Currently, the lowest active listing in MLS (after the subject) is priced at $49,900 (MLS #1115361).
 
Sterling Village II, Unit #H-6, 2 BR, 1.5 Bath , 975 GLA, built 1986, listed at $39,999
Compared to Recent Sales:

Sterling Village Sale BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
1202-G Tiffany Lane 2/1.5 900 $42,000 02/24/2012 1109006
1206-H Benna Drive
2/1.5 900 $46,500 06/04/2012 1205300
1206-E Erin Way
2/1.5 900 $51,000 10/11/2011 1114060
1204-F Benna Dr. 2/1.5 900 $36,000 08/03/2012 1209004

 

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Bank Owned

MLS #1212125

Listing Office: Sloan Realty Group
Listing Agent: Blake Sloan, REALTOR