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The subject condo is a first floor unit in Sterling Village I (which is adjacent to two separate but similar condo projects; i.e., Sterling Village II and Sterling Village III). All three projects have identical floor plans — either 2 BR/1.5 bath first floor units or second floor loft-style 1-BR units.
Noteworthy is the subject is near an area known to have ground water contamination. The S.C. Dept. of Health and Environmental Control is investigating the release of hazardous substances from the AVX Corporation’s Myrtle Beach plant (within a half mile of the subject). You can read more about the contamination and possible hazards on the DHEC site HERE.
We found four sales of similar first floor 2-BR units with an average sale price of $49,425. Currently, the lowest active listing in MLS (after the subject) is priced at $57,900 (MLS #1115361).
Sterling Village I, Unit #F, 2 BR, 1.5 Bath , 900 GLA, built 1984, listed at $39,900
Compared to Recent Sales:
Sterling Village Sale | BRs/ Baths | GLA (SqFt) | Sales Price | Closing Date | Data Source MLS # |
1202-G Tiffany Lane | 2/1.5 | 900 | $42,000 | 02/24/2012 | 1109006 |
1206-H Benna Drive |
2/1.5 | 900 | $46,500 | 06/04/2012 | 1205300 |
1206-E Erin Way |
2/1.5 | 900 | $51,000 | 10/11/2011 | 1114060 |
1206-G Benna Drive |
2/1.5 | 900 | $58,200 | 07/21/2011 | 1109202 |
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Bank Owned
MLS #1209004
Listing Agent: Laura Garlitz, REALTOR