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6501 Somerset Drive

6501 Somerset Drive, Myrtle Beach, SC 29572
Multifamily in Horry
6501 Somerset Drive in Myrtle Beach, SC was first built in 1971 and is 53 years old. Although, the building on the property was most recently renovated and altered in 1981. This has been categorized as a residential property type. There are a total of 2 floors. 6501 Somerset Drive has 2,480 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 12,632 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of C-. The condition of the building has been evaluated as average. As for heating, the home is utilizing a solar heating system. The property was last sold in Mar 23, 2022 for $900,000. That's $181.45 per sqft. Prior to that sales transaction, the property was also sold in Jun 2, 2021 for $575,000. 6501 Somerset Drive was last assessed in 2023. The total value of the property was assessed at $13,533. Specifically, the land the property is located on was valued at $6,129. While improvements on the property were assessed at a total of $7,404. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $0. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Venner Exterior
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220128
01/28/2022
Studio
-
-
$950,000
bedrooms
Studio
bathrooms
-
-
-
-
Liat Edri
CENTURY 21 Broadhurst & Associ
20210301
03/01/2021
Studio
-
-
$689,000
bedrooms
Studio
bathrooms
-
$575,000 -16.55%
06/21/2021
Greg Harrelson Sales Team

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1981
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C-
  • Floor Count: 2
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 4,960
  • Gross Building Area: 4,960
  • Building Area: 4,960
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Solar
  • Heated Square Feet: 2,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKLAND HTS
  • Land Acres: 0.29
  • Standard Land Use Code: Garden apt, court apt (5+ units)
  • Legal Description 1: OAKLAND HTS; LTS 9 & PT 10 BL 1

Ownership

  • Current Owner : MOGO INVESTMENTS LLC
  • Previous Owner : MARON ERAN
  • Owner Before Previous Owner: G & S FAMILY HOLDINGS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Horry County School District
  • Census Tract: 050401

Geography

  • Parcel: 421-06-01-0133
  • Lot: 9
  • Municipality: MYRTLE BEACH
  • Latitude: 33.7412
  • Longitude: -78.8321

    Address

  • Full Address: 6501 Somerset Dr
  • Address - House Number: 6501
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: SC
  • City Name: Myrtle Beach
  • Carrier Code: C004
  • 4-Digit Zip Code: 3505
  • Zip Code: 29572

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 880

    Appraisal Valuation

  • Standard Deviation: 0.4558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 8
  • Final Value: 1,066,299
  • High Value: 1,552,399
  • Low Value: 580,198

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $720,000
  • First Open Lien Mortgage Lender: ANDERSON BROTHERS BANK
  • First Open Lien Mortgage Recording Date: Mar 28, 2022
  • First Open Lien Mortgage Loan Amount: $720,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Mortgage Modification
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2027

    Market Valuation

  • Market Total Value: $225,550
  • Market Land Value: $102,150
  • Market Improvement Value: $123,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,533
  • Assessed Land Value: $6,129
  • Assessed Improvements Value: $7,404

    Sales

  • Current Sale Contract Date: Mar 23, 2022
  • Current Sale Recording Date: Mar 28, 2022
  • Current Sale Transaction ID: 11884342263
  • Current Sale Price: $900,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 21, 2021
  • Previous Sale Contract Date: Jun 02, 2021
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ANDERSON BROTHERS BANK
  • First Mortgage Transaction Date: Mar 28, 2022
  • First Mortgage Loan Amount: $720,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Mortgage Modification
  • First Mortgage Loan Due Date: Mar 01, 2027

    Previous Mortgages

  • Previous Mortgage Lender: ANDERSON BROTHERS BANK
  • Previous Mortgage Transaction Date: Jun 21, 2021
  • Previous Mortgage Loan Amount: $460,000
  • Previous Mortgage Term: 54
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2026

About Myrtle Beach



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Nearby Rentals

Unit for rent at

$2,500 /mo

  • 3 Beds
  • 2 Baths
Listing by Brian Wilson
Unit for rent at

$1,000 /mo

  • Studio
  • 1 Bath
Listing by Greg Warren
Unit for rent at

$2,000 /mo

  • 3 Beds
  • 2 Baths
Listing by Darya Wojtyra
Unit for rent at

$3,300 /mo

  • 4 Beds
  • 3.5 Baths
Listing by Jason Potter
Unit for rent at

$1,950 /mo

  • Studio
  • 1,200 ft²
Listing by Ryan Earnest

Frequently Asked Questions

What neighborhood is 6501 Somerset Drive located in?
The 6501 Somerset Drive is a multifamily located in the neighborhood of Horry in Myrtle Beach, Myrtle Beach.
What is the average sales price for listings in 6501 Somerset Drive?
The average sales price for units in 6501 Somerset Drive is $635,000 currently.

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