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507 Allspice Lane

507 Allspice Lane, Myrtle Beach, SC 29579
House in Horry
Sold Oct 02, 2020
$300,000
$200,000 by Alpha Mortgage
Mortgage Due Jan 01, 2050
Local assessors in Myrtle Beach, SC have categorized 507 Allspice Lane as a residential type of property. The home was built in 1992 and is 32 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 29,621 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 Allspice Lane has a total of 2,427 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a mixed used garage for those who need a place to park their vehicle. The garage on the property is 1,554 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a roof that is made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 507 Allspice Lane was last sold in Oct 1, 2020 for $300,000. According to our calculations, that's $123.61 per sqft. Current property owners are expected to pay $1,102 in taxes per year. The property on 507 Allspice Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $18,475. To break that down further, the land itself was valued at $5,341. While improvements to the property were assessed at a total of $13,134. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 2010
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 1,554
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 29,621
  • Total Building Area: 2,427
  • Building Area: 2,427
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,427
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTHCREEK
  • Land Acres: 0.68
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOUTHCREEK; LOT 16 TRACT D

Ownership

  • Current Owner : BERNARDI LISA
  • Previous Owner : HOUSING AND URBAN DEVELOPMENT OF WASHING
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Horry County School District
  • Census Tract: 060404

Geography

  • Subdivision Tract Number: D
  • Parcel: 384-15-01-0017
  • Lot: 16
  • Municipality: CONWAY
  • Latitude: 33.7869
  • Longitude: -78.9713

    Address

  • Full Address: 507 Allspice Ln
  • Address - House Number: 507
  • Address - Street Name: Allspice
  • Address - Suffix Type: Ln
  • State: SC
  • City Name: Myrtle Beach
  • Carrier Code: R017
  • 4-Digit Zip Code: 7218
  • Zip Code: 29579

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,102
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1938
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 480,344
  • High Value: 573,443
  • Low Value: 387,245

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: ALPHA MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 02, 2020
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050

    Market Valuation

  • Market Total Value: $307,910
  • Market Land Value: $89,010
  • Market Improvement Value: $218,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,475
  • Assessed Land Value: $5,341
  • Assessed Improvements Value: $13,134

    Sales

  • Current Sale Contract Date: Oct 01, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Transaction ID: 11813457096
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALPHA MORTGAGE
  • First Mortgage Transaction Date: Oct 02, 2020
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

About Horry



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Frequently Asked Questions

What neighborhood is 507 Allspice Lane located in?
The 507 Allspice Lane is a house located in the neighborhood of Horry in Horry, Myrtle Beach.
What is the average sales price for listings in 507 Allspice Lane?
The average sales price for units in 507 Allspice Lane is $0 currently.

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