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523 Lake Park Drive

523 Lake Park Drive, Myrtle Beach, SC 29588
Property in Horry
Sold Jul 01, 2020
$215,000
$172,000 by Gateway Bank
Mortgage Due Jan 01, 2050
Sold Aug 13, 2013
$128,000
523 Lake Park Drive 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 1997 and is 27 years old. However, we must point out that the home was most recently renovated and altered in 2012. The home has a total of 12 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 523 Lake Park Drive has 1,477 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 11,326 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 420 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 wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of concrete. 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. 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, 523 Lake Park Drive was last sold in Jun 30, 2020 for $215,000. According to our calculations, that's $145.57 per sqft. Prior to that sales transaction, the property was sold for $128,000 in Aug 13, 2013. Current property owners are expected to pay $731 in taxes per year. The property on 523 Lake Park Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $8,544. To break that down further, the land itself was valued at $1,452. While improvements to the property were assessed at a total of $7,092. 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. 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. 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: 1997
  • Effective Year Built: 2012
  • Total Rooms: 12
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Concrete
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,477
  • Building Area: 1,477
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,477
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKE PARK PLANT S/D
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKE PARK PLANT S/D; LT 7 BL C

Ownership

  • Current Owner : SUTTON WILLIAM STEVEN
  • Current Owner 2: SUTTON CONNIE JEAN
  • Previous Owner : GORRERA LEE A
  • Owner Before Previous Owner: BURLESON TYLER DREW
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et al (and others)

Neighborhood

  • School District Name: Horry County School District
  • Census Tract: 051502

Geography

  • Parcel: 440-14-03-0006
  • Lot: 7
  • Municipality: SOCASTEE COMMUNITY RECREATION
  • Latitude: 33.6721
  • Longitude: -78.9954

    Address

  • Full Address: 523 Lake Park Dr
  • Address - House Number: 523
  • Address - Street Name: Lake Park
  • Address - Suffix Type: Dr
  • State: SC
  • City Name: Myrtle Beach
  • Carrier Code: R066
  • 4-Digit Zip Code: 6817
  • Zip Code: 29588

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $731
  • Tax Rate Code Area: 630

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 64
  • Final Value: 330,529
  • High Value: 413,518
  • Low Value: 247,540

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $172,000
  • First Open Lien Mortgage Lender: GATEWAY BANK
  • First Open Lien Mortgage Recording Date: Jul 01, 2020
  • First Open Lien Mortgage Loan Amount: $172,000
  • 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: $213,600
  • Market Land Value: $36,300
  • Market Improvement Value: $177,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,544
  • Assessed Land Value: $1,452
  • Assessed Improvements Value: $7,092

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jul 01, 2020
  • Current Sale Transaction ID: 11810911577
  • Current Sale Price: $215,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 13, 2013
  • Previous Sale Contract Date: Aug 13, 2013
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY BANK
  • First Mortgage Transaction Date: Jul 01, 2020
  • First Mortgage Loan Amount: $172,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

About Socastee



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Frequently Asked Questions

What neighborhood is 523 Lake Park Drive located in?
The 523 Lake Park Drive is a located in the neighborhood of Horry in Socastee, Myrtle Beach.
What is the average sales price for listings in 523 Lake Park Drive?
The average sales price for units in 523 Lake Park Drive is $0 currently.

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