Single Family … Tax ID # 163-23-01-047
$179,900 … 13% ($28,000) Below Competition
Sold $177,500
527 Ellsworth Drive, Covington Lake S/D
Myrtle Beach, SC 29579
3 BRs, 2 Baths, 2150 GLA (Htd. SqFt), Brick house
Built 1999. 10 min. from beach & airport

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Covington Lake (approx. 150 homesites) is one of dozens of planned developments within an area known as Carolina Forest. Carolina Forest, in unincorporated Horry County, was carved out of 12,000 acres of timberland in the mid-1990s. West of and adjacent to the Intracoastal Waterway, it is bordered by Highway 501 and International Drive. Pros: Carolina Forest is close to everything — ten minutes to beaches, downtown Myrtle Beach and the airport. Plus, it has a sought-after school district. Con: Some 15,000 people use the main road through Carolina Forest, connecting Highway 501 and International Drive, and until it’s widened to four lanes, you can expect it to be slow going and congested during rush hour.
The subject house was built in 1999. Three 3-BR homes sold in Covington Lake in 2012 (listed below), with an average sale price of $272,300, $92K more than the subject’s list price. They were all newer homes. Worth noting is the lowest priced 3-BR home in the subject S/D (after the subject) is 2369 Clandon Drive (MLS #1205508); it was built in 1997, has 400 SqFt less than the subject, and is listed at $208,000, $28K more than the subject.
527 Ellsworth Dr., Covington Lake S/D, 3 BR, 2 Bath, 2150 GLA, built 1999, listed at $179,900
Compared to Recent Sales:

Covington Lake Address BRs/Baths-GLA Year
Sales Price Closing Date Data Source MLS #
923 Henry James Dr.
3/2.5-2250 2012 $279,900 06/15/2012 1200433
2383 Covington Dr. 3/2.5-1950 2004 $254,000 04/20/2012 1118091
317 North Bar Court
3/2.5-2550 2012 $283,000 03/30/2012 1208133

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Bank Owned
MLS #1118910
Listing Agent: Blake Sloan