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508 Colonial Trace Drive

508 Colonial Trace Drive, Longs, SC 29568
Property in Horry
Sold May 29, 2019
$145,000
$130,500 by Gateway Bank
Mortgage Due Jan 01, 2049
Sold Sep 27, 2012
$78,500
Local assessors in Longs, SC have categorized 508 Colonial Trace Drive as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 17,255 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 508 Colonial Trace Drive has a total of 1,610 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 144 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. 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 wood 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 alum/vinyl siding 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 508 Colonial Trace Drive sold most recently in May 29, 2019 for a total of $145,000. If you work out the math, that's approximately a cost of $90.06 per sqft. Before that, the property was also sold for $78,500 in Sep 26, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $639 in taxes each year. 508 Colonial Trace Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $14,700. Improvements to the property, however, were assessed at a total of $14,700. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Excellent
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 144
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 17,255
  • Total Building Area: 1,610
  • Building Area: 1,610
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,610
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL TRACE
  • Land Acres: 0.396
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: COLONIAL TRACE HPR; UNIT 8-A BLDG 8

Ownership

  • Current Owner : LOSNNECK NANCY LEE
  • Current Owner 2: LOSNNECK JOSEPH S
  • Previous Owner : ALLEN JAMES EDISON
  • Owner Before Previous Owner: GREEN RUTH WHITLOCK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et al (and others)

Neighborhood

  • School District Name: Horry County School District
  • Census Tract: 040101

Geography

  • Parcel: 305-08-04-0126
  • Municipality: LITTLE RIVER
  • Latitude: 33.9009
  • Longitude: -78.6792

    Address

  • Full Address: 508 Colonial Trace Dr
  • Legal Unit: 8-A
  • Address - House Number: 508
  • Address - Street Name: Colonial Trace
  • Address - Suffix Type: Dr
  • State: SC
  • City Name: Longs
  • Carrier Code: R003
  • 4-Digit Zip Code: 5842
  • Zip Code: 29568

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $639
  • Tax Rate Code Area: 500

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 251,547
  • High Value: 295,788
  • Low Value: 207,307

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,500
  • First Open Lien Mortgage Lender: GATEWAY BANK
  • First Open Lien Mortgage Recording Date: May 29, 2019
  • First Open Lien Mortgage Loan Amount: $130,500
  • 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, 2049

    Market Valuation

  • Market Total Value: $140,000
  • Market Improvement Value: $140,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,700
  • Assessed Improvements Value: $14,700

    Sales

  • Current Sale Contract Date: May 29, 2019
  • Current Sale Recording Date: May 29, 2019
  • Current Sale Transaction ID: 11610262147
  • Current Sale Price: $145,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 27, 2012
  • Previous Sale Contract Date: Sep 26, 2012
  • Previous Sale Amount: $78,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY BANK
  • First Mortgage Transaction Date: May 29, 2019
  • First Mortgage Loan Amount: $130,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2049

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Frequently Asked Questions

What neighborhood is 508 Colonial Trace Drive located in?
The 508 Colonial Trace Drive is a located in the neighborhood of Horry in Horry, Longs.
What is the average sales price for listings in 508 Colonial Trace Drive?
The average sales price for units in 508 Colonial Trace Drive is $0 currently.

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