554 Riverstone Dr Salem, SC 29676

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4 beds · 4 baths · 2,401 sq ft · Lot Size: 55,757 sq ft · Single Family Home
Est. Property Value: $554,446

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554 Riverstone Dr is in the 29676 neighborhood of Salem, SC. It is located in Oconee County and ZIP code 29676. This Single Family Home was built in 2021 and is approximately 4 years old. The single family home spans 2401 sq ft with 4 bedrooms and 4 bathrooms and sits on a 55757 sq ft lot. According to public records, it was last sold in 2019 for $129,900 and has a tax-assessed value of $609,700, which is $231 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 554 Riverstone Dr Salem, SC 29676 with Property Intel by Whitepages.

Owners & Occupancy for 554 Riverstone Dr

This property is owned by Susan A Post. Owner contact information includes 6 phone numbers and 2 email addresses.

Property Owners

OccupationSales Director, National Accounts, Taro Pharmaceuticals
Cell Phone(404) ***-****View Cell Phone
Residence*********
Landline(770) 424-3681
Distance from Property**********
Email Address********@mac.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 63

Property Financials for 554 Riverstone Dr

554 Riverstone Dr, Salem, SC has a mortgage from South St Bk (orig. July 23, 2020). The Oconee county assessment for 2024 values it at $609,700, with annual taxes of $2,559.

Mortgage & Equity Information

Loan Amount$******
LenderSouth St Bk
Origination DateJuly 23, 2020
Interest Rate****%
Term30 Years
Rate TypeAdjustable
Est Balance$********
Due Date***************
Equity
View Equity

Property Tax

Purchase DateOctober 10, 2019
Property Tax Amount$2,559 in 2024
Purchase Price$129,900
Assessed Value$609,700 on 2024

Investment Potential for 554 Riverstone Dr

The property has a current estimated value of $554,446, which is 36% below the zip median, based on public records. It last sold on October 10, 2019 for $130K. Projected long-term
is $31,200 annually ($2,600 per month) with a 71% occupancy rate.

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Long-Term

Gross Rental
$31,200 per year($2,600 per month)
Net Operating Income
Cap Rate
Occupancy Rate
71%in 29676 zip code
 
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Property Details for 554 Riverstone Dr

Property Details

Property Sq Ft

Living Area

2,401 sq ft

22% below market

Lot Size

55,757 sq ft

113% above market

Price Per Sq Ft

Living Area

$231 / sq ft

18% below market

Lot Size Area

$10 / sq ft

71% below market

Property condition, age, exterior, etc. for 554 Rivers…
Longitude: -82.948875 Latitude: 34.834489 Parcel Number (APN): 110-01-01-084…

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Discover more single family homes near 554 Riverstone Dr in Salem, South Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 554 Riverstone Dr in Oconee County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$554,446
$367,412
$187,034 (51%)
$504,991
$831,143 (165%)
YoY Price Change
Year Built
2021
2003
18 years
Living Space
2,401 sq ft
2,634 sq ft
-233 (-9%)
$ Per Living Sq Ft
$231
$137
$94 (68%)
Lot Size
55,757 sq ft
16,896 sq ft
38861 (230%)
$ Per Lot Sq Ft
$10
$24
-$14 (-58%)

Net Operating Income
$21,928
-$1,480 (-7%)
Annual Revenue
$31,200
$31,200
$0 (0%)
$8,383
$2,369 (28%)
Net Operating Income
$21,928
-$1,480 (-7%)
Cap Rate
6.25%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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