SF: 5410 Leatherleaf Drive: 08/24/2012

Single Family … Tax ID # 142-18-01-010
 
$359,900 … 10% ($41,800) Below Recent Sales (Avg.)
**Seller, who is also a Realtor, has increased price twice since 8/14/12** (see notes below)

 
5410 Leatherleaf Dr., Leatherleaf @ Barefoot S/D

North Myrtle Beach, SC 29582
 
3 BRs, 2.5 Baths, 2450 GLA (Htd. SqFt) Built 2003
Established golf course community with homes & condos. 25 min. drive to airport. 10 min. drive to beach.


**Earlier this year, this property was sold for $290,000 by the Master in Equity to an investor at the Courthouse foreclosure auction. The listing has had numerous price changes. It started out at $399,900 on June 9. After a price drop on July 6 to $379,900, the price dropped again on August 23 to $359,900. On September 5, the price was raised back to $379,900. On 9/18/12, the price was raised again to $409,900. On 9/20/12, the price was reduced again to $379,900. There’s no telling why this seller/agent has changed the price so frequently; sometimes agents will frequently change the price so a property will show up on the “hot list”. Even though the price is now listed higher than the $359,900 low, it’s possible the seller would still entertain an offer close to or even below the lowest listed price of $359,900.
 
Leatherleaf is one of many subdivisions located within Barefoot Resort, a 2300-acre community adjacent to and west of the Intracoastal Waterway, directly across from Barefoot Landing, a large shopping and dining destination for visitors and locals.
 
Barefort Resort has its own private residence clubhouse with pool, tennis court, exercise room, kids’ play ground and picnic area. The community also has an oceanfront cabana as well as complimentary shuttle service to all points within Barefoot during high season.
 
Barefoot is built around four world-class golf courses and has bike trails and walking paths.
 
Bear in mind the main access to Barefoot Resort is across a swing bridge, so when driving places, you need to allow time just in case the bridge is open for boat traffic. This past winter, the bridge was inaccessible for about two months for maintenance. During that time, access to Barefoot was via a service road near Highway 31, slightly inconveniencing owners and visitors to the community.
 
Currently in MLS, the lowest priced active listing after the subject property is MLS #1214343, 4BR/4.5 bath, 3350 GLA priced at $499,900.
 
Photo shown above is representative of neighborhood. Actual subject photos are shown below.
 
5410 Leatherleaf Dr., Leatherleaf @ Barefoot S/D, 3 BR, 2.5 Bath , 2450 GLA, Built 2003, listed at $359,900
Compared to Recent Sales:

Homes in Leatherleaf
BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
5416 Pheasant Dr. 3/2.5 2,850 $425,000 07/10/2012 904481
5410 Pheasant Dr. 3/2.5 2,150 $360,000 06/20/2012 1208506
5406 Pheasant Dr. 4/3.5 2,750 $420,000 11/28/2011 1113320

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


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Photos (Click image to enlarge):

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MLS #1209720
Listing Office: Sloan Realty Group
Listing Agent: Colby Rowe