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The subject is a townhouse-style condo. There are no units above or below you, and it feels like a townhouse, but you do not own the land. Legally, it is a horizontal property regime (HPR). You own the space between the walls. The project was designed to have hundreds of units. At last count, approx. 150 had been built.
The only sales we found from the subject project were developer sales, and the subject is priced 10% below developer prices. But the best indicators of value are resales, and for that reason, we are not including this property as a Top-10 pick . Nonetheless, at a list price of $147,900, this certainly appears competitively priced and worth looking at if you’re desiring a townhouse-style home on the south end of the Grand Strand.
HOA is managed by Benchmark: 843-280-6939.
436 Mahogany Dr. #101, 3 BR, 2 Bath , 1425 GLA, Built 2006 listed at $147,900
Compared to Recent Sales:
|Units in Marcliffe West||BRs/ Baths||GLA (SqFt)||Sales Price||Closing Date||Data Source MLS #|
|807 Sail Lane #102||3/2||1,425||$165,000||04/01/2012||1111158|
|815 Sail Lane #102||3/2||1,425||$174,800||01/12/2012||1103355|
|815 Sail Lane #101
|626 Sunnyside Dr. #101||3/2||1,425||$164,900||01/27/2011||1016282|
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Listing Agent: Laura Garlitz, REALTOR