TH-Style Condo: 436 Mahogany Dr. #101: 06/27/2012


TH-Style Condo … Tax ID # 193-23-01-072
 
$147,900 … 10% ($17,100) Below Recent Sales (Avg.)
Sold $145,000
436 Mahogany Dr. #101, Marcliffe West @ Blackmoor, Murrells Inlet, SC 29576
 
3 BRs, 2 Baths, 1425 GLA (Htd. SqFt) Built 2006
15 Min. to beach. 25 Min. to airport

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The subject is a townhouse-style condo. There are no units above or below you, and it feels like a townhouse, but you do not own the land. Legally, it is a horizontal property regime (HPR). You own the space between the walls. The project was designed to have hundreds of units. At last count, approx. 150 had been built.
 
The only sales we found from the subject project were developer sales, and the subject is priced 10% below developer prices. But the best indicators of value are resales, and for that reason, we are not including this property as a Top-10 pick . Nonetheless, at a list price of $147,900, this certainly appears competitively priced and worth looking at if you’re desiring a townhouse-style home on the south end of the Grand Strand.
 
HOA is managed by Benchmark: 843-280-6939.
 
436 Mahogany Dr. #101, 3 BR, 2 Bath , 1425 GLA, Built 2006 listed at $147,900
Compared to Recent Sales:

Units in Marcliffe West BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
807 Sail Lane #102 3/2 1,425 $165,000 04/01/2012 1111158
815 Sail Lane #102 3/2 1,425 $174,800 01/12/2012 1103355
815 Sail Lane #101
3/2 1,425 $178,475 10/25/2011 1103358
626 Sunnyside Dr. #101 3/2 1,425 $164,900 01/27/2011 1016282

 

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Bank Owned

MLS #1208735
Listing Agent: Laura Garlitz, REALTOR

Phone: 843-997-4897

lgarlitz@sccoast.net