Condo: Villas @ International Club # 10-202: 09/04/2012

Condo … Tax ID # 194-40-01-049
 
$129,200 … 18% ($28,900) Below Recent Sales (Avg.)
Sold $132,000 Bidding War
 
805 Sunswept Court, #10-202 Villas @ International Club, Murrells Inlet, SC 29576
 
4 BRs, 3 Baths, 2325 GLA (Htd. SqFt) Built 2006
5-10 Min. to Beach. 30 Min. 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.

 
Located on the south end of the Grand Strand and west of Bypass Highway 17, Villas at International Club consists of 2-, 3- and 4-BR condos ranging in size from 1100 SqFt to 2400 SqFt with prices ranging from about $70,000 to $170,000 and an average price of about $110,000. Good appeal to primary homeowners.
 
The subject is a 4-BR, 3-bath unit. The only recent 4-BR sale we found closed in December 2011 for $168,000 (at $72 per SqFt). We found four recent sales of 3-BR units ranging in price from $68 per SqFt to $94 per SqFt.
 
At $68 per SqFt, the lowest price-per-square-foot of all the sales, the subject, with 2325 SqFt, would have a sale price of $158,100. It’s listed at $129,000, $28,900 less. Currently, no other 4-BR units are listed for sale, and the lowest priced active of a 3-BR unit (excluding “potential short-sale” listings) is priced at $184,500 (MLS # 1203966).
 
Villas @ International Club #10-202, 4 BR, 3 Bath , 2325 GLA, Built 2006, listed at $129,200
Compared to Recent Sales:

Villas at Int’l. Club BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
719 Shearwater Ct., #105 3/2 1,825 $125,000 06/27/2012 1200034
719 Shearwater Ct., #102 3/2 1,275 100,000 06/21/2012 1206330
703 Shearwater Ct., #103
3/2 1,425 $130,000 05/29/2012 1119621
907 Knoll Shores Ct., #302
3/2 1,275 $120,000 01/27/2012 1002001
804 Sunswept Ct., #202 4/3 2,325 $168,000 12/16/2011 1118259

 

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Bank Owned

MLS #1213000
Listing Office: Century 21 All Stars
Listing Agent: Ronnie Eaves