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5205 Lomond Lane

5205 Lomond Lane, Myrtle Beach, SC 29579
Property in Horry
Sold Dec 21, 2006
$469,000
$375,200 by Bank Of America Na
Mortgage Due Jan 01, 2027
Sold Oct 13, 2005
$74,900
$380,800 by Coastal Federal Bank
Mortgage
5205 Lomond Lane has been categorized by the local assessors in Myrtle Beach, SC as a residential type of property. The building on the property was first built in 2006 and is 18 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5205 Lomond Lane has 3,068 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 13,068 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a mixed used garage for those who require parking. The garage measured 1,788 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system. 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, 5205 Lomond Lane sold most recently in Dec 20, 2006 for a total of $469,000. If you work out the math, that's approximately a cost of $152.87 per sqft. Before that, the property was also sold for $74,900 in Oct 12, 2005. 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 $0 in taxes each year. 5205 Lomond Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $16,880. If we break it down further, the land itself was valued at $2,440. Improvements to the property, however, were assessed at a total of $14,440. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2006
  • Effective Year Built: 2006
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 1,788
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 3,068
  • Building Area: 3,068
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 3,068
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEGENDS DEVELOPMENT
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LEGENDS DEVELOPMENT; LOT 65 PH 26

Ownership

  • Current Owner : PARK HYUNG W
  • Current Owner 2: KIM SUNHEE
  • Previous Owner : CICCO HOMES LLC
  • Owner Before Previous Owner: DEW PAUL
  • Owner Before Previous Owner 2: DEW LINDA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Horry County School District
  • Census Tract: 060406

Geography

  • Parcel: 400-16-01-0041
  • Lot: 65
  • Municipality: CONWAY
  • Latitude: 33.7573
  • Longitude: -79.0118

    Address

  • Full Address: 5205 Lomond Ln
  • Address - House Number: 5205
  • Address - Street Name: Lomond
  • Address - Suffix Type: Ln
  • State: SC
  • City Name: Myrtle Beach
  • Carrier Code: R004
  • 4-Digit Zip Code: 7044
  • Zip Code: 29579

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 593,551
  • High Value: 697,940
  • Low Value: 489,161

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $375,200
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Dec 21, 2006
  • First Open Lien Mortgage Loan Amount: $375,200
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2027

    Market Valuation

  • Market Total Value: $422,000
  • Market Land Value: $61,000
  • Market Improvement Value: $361,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,880
  • Assessed Land Value: $2,440
  • Assessed Improvements Value: $14,440

    Sales

  • Current Sale Contract Date: Dec 20, 2006
  • Current Sale Recording Date: Dec 21, 2006
  • Current Sale Transaction ID: 1139970088
  • Current Sale Price: $469,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2006900015340
  • Previous Sale Recording Date: Oct 13, 2005
  • Previous Sale Contract Date: Oct 12, 2005
  • Previous Sale Amount: $74,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 21, 2006
  • First Mortgage Loan Amount: $375,200
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2027

    Previous Mortgages

  • Previous Mortgage Lender: COASTAL FEDERAL BANK
  • Previous Mortgage Transaction Date: Oct 13, 2005
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $380,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Red Hill



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Frequently Asked Questions

What neighborhood is 5205 Lomond Lane located in?
The 5205 Lomond Lane is a located in the neighborhood of Horry in Red Hill, Myrtle Beach.
What is the average sales price for listings in 5205 Lomond Lane?
The average sales price for units in 5205 Lomond Lane is $0 currently.

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