SF: 2443 Covington Drive: 08/16/2012

Single Family … Tax ID # 163-31-01-031
 
$182,300 … 8% ($16,700) Below Market
Sold $165,000 Cash Sale
2443 Covington Drive, Covington Lake S/D
Myrtle Beach, SC 29579
 
3 BRs, 2 Baths, 2050 GLA (Htd. SqFt), Brick house.
Built 2001. 10 min. from beach & 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.

 
Covington Lake (approx. 150 homesites) is one of dozens of planned developments within an area known as Carolina Forest. Carolina Forest, in unincorporated Horry County, was carved out of 12,000 acres of timberland in the mid-1990s. West of and adjacent to the Intracoastal Waterway, it is bordered by Highway 501 and International Drive. Pros: Carolina Forest is close to everything — ten minutes to beaches, downtown Myrtle Beach and the airport. Plus, it has a sought-after school district. Con: Some 15,000 people use the main road through Carolina Forest, connecting Highway 501 and International Drive, and until it’s widened to four lanes, you can expect it to be slow going and congested during rush hour.
 
The subject house was built in 2001. The photo shown above is representative of the neighborhood. Actual subject photos are shown below.
 
Three 3-BR homes sold in Covington Lake in 2012 (listed below), with an average sale price of $272,300, $90K more than the subject’s list price. They were all newer homes. Worth noting is the lowest priced 3-BR home in the subject S/D (after the subject) is 2369 Clandon Drive (MLS #1205508); it was built in 1997, has 300 SqFt less than the subject, and is listed at $199,000, $16,700 more than the subject.
 
2443 Covington Dr., Covington Lake S/D, 3 BR, 2 Bath, 2050 GLA, built 2001, listed at $182,300
Compared to Recent Sales:

Covington Lake Address BRs/Baths-GLA Year
Built
Sales Price Closing Date Data Source MLS #
923 Henry James Dr.
3/2.5-2250 2012 $279,900 06/15/2012 1200433
2383 Covington Dr. 3/2.5-1950 2004 $254,000 04/20/2012 1118091
317 North Bar Court
3/2.5-2550 2012 $283,000 03/30/2012 1208133

Map (To see more, put mouse over map, click and drag):

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Photos (Click image to enlarge):

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Bank Owned
MLS #1207629
Listing Agent: Randy Harrison
RE/Max Coastal Living