TH-Style Condo: Colony Club #D-2: 09/14/2012

TH-Style Condo … Tax ID # 165-15-13-090
 
$37,500 … 28% ($14,800) Below Recent Sales (Avg.)
Sold $42,000 Bidding War
6703 Jefferson Place, Colony Club #D-2
Myrtle Beach, SC 29572
 
2 BRs, 1.5 Baths, 1025 GLA (Htd. SqFt) Built 1985

5 Min. to Beach. 15 Min. to Airport.

This property was hand-picked for The Certifax Report; it has since sold. These deals often go contract pending within days of our reporting. If you want our research, analysis and alerts so you can act fast, subscribe here.

 
Colony Club is a townhouse-style condo project with 43 units (all the same floor plan) and a swimming pool. You own the space between the walls, but there’s no one above or below you. This neighborhood is on the north end of Myrtle Beach between Bypass and Business Highways 17. This section of Myrtle Beach has a high concentration of annual renters. Colony Club also probably has several long-term renters.
 
Currently in MLS, this is the only unit listed for sale in Colony Club, and as you can see, it’s priced well under recent sales. Also worth noting is across the street is another townhouse-style condo project called Williamsburg Landing. Like Colony Club, Williamsburg Landing units have 2-bedrooms, 1.5 baths, similar floor plans and square footage. The last Williamsburg Landing unit to sell in MLS was unit A-6 on 5/15/2012 for $55,900 (MLS #1204543). Currently in MLS, the lowest priced active listing in Williamsburg Landing is priced at $64,900 (MLS #1210421).
 
Priced at only $37,500, the subject is 28% below recent sales in Colony Club.
 
If you’re interested, we have the floor plan and can email it to you.
 
HOA Property Management: Pinnacle, 843-449-8103

 
Colony Club #D-2, 2 BR, 1.5 Bath , 1025 GLA, Built 1985, listed at $45,000
Compared to Recent Sales:

Colony Club Sales BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
Unit #G-4 2/1.5 1,025 $50,600 06/22/2012 1202521
Unit #G-3 2/1.5 1,025 $54,000 02/14/2012 1104617

 

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Bank Owned

MLS #1211139

Listing Office: Gibbs Realty & Auction Co.

Listing Agent: Barbara Laverty, REALTOR