721 Coventry Ln

Florence, South Carolina, 29501

Redeemable DeedpendingSells Oct 6, 2026 · 4 days ago

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SqFt: 0
Lot Size: 48,211
APN: 00511-01-106

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (In State)
Length of Ownership: 1 Month
Purchase Method: Cash Purchase
County: Florence

Value

Estimated Value: $156,000
County Market Value: $1,200; 2025
Assessed Value: $13,148; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $108,000; 07/31/2026
Document Type: Re-Recorded Document

Opportunity

Opening Bid: $1
Bid / Value: 0.00%; of $156,000
Property Tax 2025: $2,919; annual bill · not the amount owed
Equity (est.): $156,000; 100%
Linked Properties: 15

Opening bid

Assessed value

$13,148

Land $48Improvement $13,100

Market / AVM

$156,000

Property tax 2025

$2,919

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Honorage Nursing Home Of Florence Inc
Mailing Address: 1716 Francis Marion Rd, Florence, SC 29506
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Basement: No Basement

Land/Location Information

Deal analysis

Recorded	Amount	Type	Lender	Rate	Rate Type	Term	Maturity	Open
06/03/2005	$56,905	ARM (Adjustable Rate Mortgage)	Carolina Bank	7.25%	Adjustable Rate	360	06/03/2035	No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
07/31/2026	08/05/2026	$108,000	Re-Recorded Document	2026010670	No	Cash Purchase	Honorage Nursing Home Of Florence Inc	Jonathan D Chandler
07/31/2026	08/03/2026	$108,000	Warranty Deed	2026010494	Yes	Cash Purchase	Honorage Nursing Home Of Florence Inc	Jonathan D Chandler

Your maximum bid

$87,454

Walk away above this. Projected profit at the ceiling: $46,800 (30% of ARV).

Opening bid $1

Room to bid $87,453

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

History-guided suggestion

$31,484

Under max by $55,970

≤ 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 $156,000. 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: $156,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$12,480
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 ~$234/month.: −$5,616
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): −$46,800
Maximum bid: $87,454

If the owner redeems

Flat penalty

You'd receive

$2,624

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.

721 Coventry Ln

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Land/Location Information

721 Coventry Ln

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

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

Area

Fair Market Rents

Tax Assessment Information

Mortgage History

Sale History

County records

Florence County rules

Historical comps

Verify before you bid