Condo: Yacht Club @ Lightkeepers Village #3-C: 08/01/2012

Condo … Tax ID # 131-05-07-224
 
$79,900 … 19% ($18,900) Below Recent Sales (Avg.)
Sold $70,000, Cash Sale, Closed in 20 Days
4641 Lightkeepers Way, Yacht Club @ Lightkeepers Vlg. #3-C, Little River, SC 29566
 
2 BRs, 2 Baths, 1025 GLA (Htd. SqFt) Built 1993
10 Min. to Beach. 30 Min. to Airport

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Lightkeepers Village, started in the early 1990s, is adjacent to the Intracoastal Waterway and a marina in Little River, between North Myrtle Beach and the SC/NC State line. Lightkeepers Village has approx. 278 2-, 3- and 4-BR units (split between two separate HOAs) with good appeal to primary and second-home owners. If vacation home rentals are even allowed (the master deed may prohibit short-term rentals), seasonal rentals are few and far between.
 
The subject building overlooks a small pond. The subject unit is a 2-BR. Among condos with views similar to the subject (that is, no marina or Waterway views), we only found only one recent 2-BR sale; the rest were all sales of 3-BR units. Thus, we analyzed the sales prices per square foot. The sales listed below have an average price per SqFt of $96.42. The subject is listed at $77.95 per SqFt.
 
Yacht Club @ Lightkeepers Village #3-C, 2 BR, 2 Bath , 1025 GLA, Built 1993, listed at $79,900
Compared to Recent Sales:

Sales in Lightkeepers Village BRs/Baths-GLA Price Per SqFt Sales Price Closing Date Data Source MLS #
4505 Lightkeepers Way, #24D 2/2-1225 $80.82 $99,000 07/23/2012 1119990
4535 Lighthouse Dr., #27B 3/2-1425 $94.74 $135,000 02/24/2012 1114080
4525 Lighthouse Dr., #26F 3/2-1225 $126.53 $155,000 05/10/2012 1204552
4645 Lightkeepers Way, #2A 3/2-1625 $92.31 $150,000 01/20/2012 1113754

 

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Bank Owned

MLS #1211544

Listing Office: Gabriel Financial Real Estate

Listing Agent: Timothy Gabriel, REALTOR