TH-Style Condo: 701 Painted Bunting Unit A: 09/27/2012

TH Style Condo … Tax ID # 194-32-01-277
 
$89,900 … 16% ($17,600) Below Recent Sales (Avg.)
 
701 Painted Bunting Dr., Unit A, Park West
Murrells Inlet, SC 29576
 
3 BRs, 2.5 Baths, 1575 GLA (Htd. SqFt), Built 2006
15 Min. to beach. 25 Min. to airport

The subject is a townhouse-style condo. There are no units above or below you, and it feels like a townhouse, but you don’t own the land. Legally, it’s a horizontal property regime. You own the space between the walls. The project has approx. 276  TH-style units. We found only three recent 3-BR sales, priced between $107,500 and $125,000. The sale at $107,500 is most like the subject in that it’s a two-story property.
 
Currently in MLS, the next lowest priced 3-BR unit at Park West is priced at $119,750 (MLS #1207594)
 
701 Painted Bunting Dr. Unit A, Park West, 3 BR, 2.5 Bath, 1575 GLA, built 2006, listed at $89,900
Compared to Recent Sales (all with 2-car garages like subject):

Park West Sales BRs/Baths Sq.Ft. Sales Price Closing Date Data Source MLS #
220-B Nut Hatch 3/3 1475 $125,000 09/09/2012 1203134
115-C Chenoa Dr. 3/2 1425 $110,000 07/30/2012 1208869
721-A Painted Bunting Dr. 3/2.5 1475 $107,500 07/30/2012 1200800

 
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Bank Owned

MLS #1212114

Listing Office: Gabriel Financial Real Estate
Listing Agent: Timothy Gabriel