SF: 409 N. 34th Ave.: 08/01/2012


Single Family … Tax ID # 145-01-25-006
 
$239,000 … 8% ($22,200) Below Recent Sales (Avg.)
Sold $200,000
409 N. 34th Ave., North Myrtle Beach, SC 29582
 
5 BRs, 3 Baths, 1650 GLA (Htd. SqFt) Built 1979
 
5 min. walk to beach, 25 min. to airport

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This is locally called a “channel home” located in the Cherry Grove section of North Myrtle Beach. You’ll find a discussion about the need for dredging of channels at THIS LINK. Some of these channels are navigable at high tide. This channel is not. Access is all overgrown by the marsh. Nonetheless, it still is a salt-water tidal channel (rises/lowers with the tide) and you can fish in this channel.
 
Cherry Grove is a popular tourist section. Many of these channel homes are rented weekly. This property was built in 1979 and appears cosmetically dated. For some, it may be the perfect, laid-back fishing/beach house.
 
We found six channel-home sales. Like the subject, the one on 29th and the one on Nixon are not navigable. The others are likely navigable at high tide.
 
At $239,000, this is not a “steal”, but clearly it’s below the average price and currently in MLS, the next lowest priced channel home is priced at $289,900. If you wanted a channel home and didn’t mind a fixer-upper, this is probably worth considering.
 
409 N. 34th Ave.,5 BR, 3 Bath , 1650 GLA, Built 1979, listed at $239,000
Compared to Recent Sales:

Cherry Grove Channel Homes
BRs/ Baths GLA (SqFt) -YearBuilt
Sales Price Closing Date Data Source MLS #
318 48th Ave. N.
4/2 1,250 -1977
$240,000 02/10/2012 1200340
206 29th Ave. N.
3/1.5 1,450 -1963 $245,000 09/16/2011 1112745
303 55th Ave. N.
4/2 1,550 -1985
$260,000 11/30/2011 1109739
6212 Nixon St.
4/3 1,950 -1976
$272,000 10/19/2011 1108729
309 49th Ave. N. 4/2 1,450 -1972
$275,000 03/15/2012 1201101
325 45th Ave. N.
3/2.5 1,350 -1975
$275,000 03/02/2012 1120181

 

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Bank Owned

MLS #1210070

Listing Office: Gibbs Realty & Auction Co.

Listing Agent: Alex Townsend, REALTOR