R511 007 000 038C 0008

South Carolina, 29926

Redeemable DeedpendingSells Oct 5, 2026 · 5 days ago

SqFt: 1,500
Year Built: 1982
APN: R511 007 000 038C 0008

Property Type: Other
Distressed: No
Vacant: No
Owner Type: Company
Length of Ownership: 13 Years 7 Months
Purchase Method: Financed
County: Beaufort

Value

Estimated Value: $575,000
County Market Value: $135,000; 2025
Assessed Value: $6,520; 2025

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $120,000
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $125,000; 11/13/2012
Document Type: Deed

Opportunity

Opening Bid: $6,544
Bid / Value: 1%; of $575,000
Property Tax 2025: $5,343; annual bill · not the amount owed
Equity (est.): $493,250; 85%

Opening bid

$6,544

Assessed value

$6,520

Market / AVM

$575,000

Property tax 2025

$5,343

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 10/1/2026

Ownership Information

Owner 1 Name: Bryce Cole Llc
Mailing Address: 46 Old Wild Horse Rd Ste 8, Hilton Head Island, SC 29926
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Total Rooms: 5
Heating Type: Forced Air Unit
Construction Type: Masonry

Deal analysis

Recorded	Document	Notice	Case #	Auction Date	Lender	Trustee	Trustee Phone	Active
05/21/2021	NF/NS updated with Sale Information (Rescheduled)	RS	2019-CP-07-01106	06/07/2021	SETOLA & SONS LLC	MUTTERER LAW FIRM LLC	843-640-5700	No
02/18/2020	Notice of Foreclosure Sale	FOR	2019-CP-07-01106	03/02/2020	SETOLA & SON LLC	MUTTERER LAW FIRM	843-640-5700	No
12/25/2020	Notice of Foreclosure Sale	FOR	2019-CP-07-01106	01/04/2021	SETOLA & SONC LLC	MUTTERER LAW FIRM LLC	846-640-5700	No

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
11/13/2012	First	$120,000	Seller Carryback / Seller Financing / Seller Take-Back	Setola & Son Llc	180	02/15/2028	2013008534

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
11/13/2012	First	$120,000	Seller Carryback / Seller Financing / Seller Take-Back	Setola & Son Llc	180	02/15/2028	2013008534	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
11/13/2012	02/13/2013	$125,000	Deed	2013008534	Yes	Financed	Bryce Cole Llc	Setola & Son Llc
10/03/2001	10/05/2001		Deed	2001062047	No	Cash Purchase	Setola & Son Llc	Christine M Setola

Your maximum bid

$332,150

Walk away above this. Projected profit at the ceiling: $172,500 (30% of ARV).

Opening bid $6,544

Room to bid $325,606

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$123,501

Under max by $208,649

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for SC|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $575,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $575,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$46,000
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical SC range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical SC recording and deed issuance cost.: −$250
Holding costs (24 months)assumed Taxes, insurance, and securing the property at ~$863/month.: −$20,700
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$172,500
Maximum bid: $332,150

If the owner redeems

Flat penalty

You'd receive

$9,965

Window

365 days

A 3% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

Quoted elsewhere as 12% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE PENALTY IS CAPPED AT THE OPENING BID. § 12-51-90 provides that interest due on redemption may not exceed the forfeited land commission's bid under § 12-51-55 — roughly taxes plus costs. The tiers above are therefore a ceiling reached only by a bid at or near the minimum; a purchase at several times the minimum collects the same capped sum, so the effective yield falls as the premium rises.
South Carolina's ratio depends on the property's CLASS, and this entry uses the 6% residual. A parcel actually carrying the 4% legal-residence ratio will have its ARV understated by a third here, which is the safe direction. A manufacturing or utility parcel assessed at 10.5% is the dangerous one: dividing by 0.06 overstates its value by roughly 1.75x. Confirm the class on the assessor's record before bidding on anything that is not ordinary residential or commercial land.

R511 007 000 038C 0008

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

R511 007 000 038C 0008

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Foreclosure Filings

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Beaufort County rules

Historical comps

Verify before you bid