Condo: 1204 Benna Drive, Unit #F: 06/26/2012

Condo … Tax ID # 181-13-24-022
 
$39,900 … 19% ($9,500) Below Recent Sales (Avg.)
Sold $36,000
1204 Benna Drive #F, Sterling Village I, Unit #F

Myrtle Beach, SC 29577
 
2 BRs, 1.5 Baths, 900 GLA (Htd. SqFt) Built 1984

10 Min. to Airport & to Beach

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The subject condo is a first floor unit in Sterling Village I (which is adjacent to two separate but similar condo projects; i.e., Sterling Village II and Sterling Village III). All three projects have identical floor plans — either 2 BR/1.5 bath first floor units or second floor loft-style 1-BR units.
 
Noteworthy is the subject is near an area known to have ground water contamination. The S.C. Dept. of Health and Environmental Control is investigating the release of hazardous substances from the AVX Corporation’s Myrtle Beach plant (within a half mile of the subject). You can read more about the contamination and possible hazards on the DHEC site HERE.
 
We found four sales of similar first floor 2-BR units with an average sale price of $49,425. Currently, the lowest active listing in MLS (after the subject) is priced at $57,900 (MLS #1115361).
 
Sterling Village I, Unit #F, 2 BR, 1.5 Bath , 900 GLA, built 1984, listed at $39,900
Compared to Recent Sales:

Sterling Village Sale BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
1202-G Tiffany Lane 2/1.5 900 $42,000 02/24/2012 1109006
1206-H Benna Drive
2/1.5 900 $46,500 06/04/2012 1205300
1206-E Erin Way
2/1.5 900 $51,000 10/11/2011 1114060
1206-G Benna Drive
2/1.5 900 $58,200 07/21/2011 1109202

 

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Bank Owned

MLS #1209004
Listing Agent: Laura Garlitz, REALTOR