NOT LISTED FOR SALE

10 55th Ave Isle of Palms, SC 29451

Estimated Value: $3,558,000 - $6,526,000

4 Beds
6 Baths
4,521 Sq Ft
$1,221/Sq Ft Est. Value

Last Sold May 08, 2018

Last sale price $3,202,500 $708 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $34,079/month

28 Days on Market

Highlights

  • Beach Front
  • Deck
  • Wood Flooring
  • Sullivans Island Elementary School Rated A
  • Contemporary Architecture
  • Sun or Florida Room

About This Home

As of May 2018

Living on Isle of Palms is one thing, but owning a coveted oceanfront lot on IOP is simply magnificent! This luxuriously constructed home boasts a reverse floorplan so the main living area and balcony are located on the third level giving you a highly elevated 180 degree view of the ocean. Accommodations throughout are extremely comfortable with generously sized bedrooms all with en-suite full baths, walk-in closets and access to the deck or balcony. With water views from every window and outdoor living space, you can't help but smile and relax when you're here! Whether you've been dreaming of a beach vacation escape or you want to be able to fall asleep to the sound of the ocean waves hitting the sand from your new primary residence, this home is one that you simply must check out!Additional features include:

-Two car garage
-Two story foyer
-Hardwood floors
-Elevator goes from garage to top level
-Master suite has a laundry area, two walk-in closets, en-suite bath with jacuzzi tub, walk-in shower and dual vanity
-Gourmet kitchen boasts granite counters, center island w/breakfast bar, professional grade SS appliances and built-in wine storage
-Living room has cozy fireplace
-Pocket door leads to family room w/built-ins
-Private backyard boardwalk leads to the beach

Book your showing today!

Last Agent to Sell the Property

Tyler Hawkins

The Boulevard Company License #95211 Listed on: 02/08/2018

The Boulevard Company

Last Buyer's Agent

Doug Berlinsky

Disher Hamrick & Myers Res Inc License #2996

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,806

Year Built

  • Built in 2003

Lot Details

  • 0.31 Acre Lot
  • Beach Front

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Cement Siding

Interior Spaces

  • 4,521 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Smooth Ceilings
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Sun or Florida Room
  • Utility Room with Study Area
  • Laundry Room
  • Wood Flooring
  • Exterior Basement Entry

Kitchen

  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Dual Closets
  • Walk-In Closet

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Sullivans Island Elementary School
  • Laing Middle School
  • Wando High School

Utilities

  • Cooling Available
  • Heat Pump System

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,806

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Contemporary
  • Year Built: 2003
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.31
  • Ownership: Fee Simple
  • Subdivision Name: None
  • Directions: Us-17n, Turn Right Onto Sc-517 S/isle Of Palms Connector, Turn Left Onto Palm Blvd, Follow Down To 55th Ave, Take A Right On 55th And Turn Left To Stay On 55th
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Ceiling - Smooth, Elevator, Kitchen Island, Walk-In Closet(s), Family, Entrance Foyer, Office, Separate Dining, Study, Sun
  • Master Bedroom Features: Multiple Closets, Outside Access, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Lot Features: 0 - .5 Acre
  • Waterfront Features: Beach Access, Beach Front
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Foundation Details: Raised, Pillar/Post/Pier
  • Patio And Porch Features: Deck, Covered, Front Porch
  • Property Condition: Pre-Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No
  • Parking Features: 2 Car Garage, Attached
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Dryer Connection, Laundry Room
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: IOP W/S Comm, SCE & G
  • Water Source: Public

Schools

  • Elementary School: Sullivans Island
  • High School: Wando
  • Middle Or Junior School: Laing

Lot Info

  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 6040900067
  • Tax Annual Amount: 32805.91

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Psalm 23 Llc
Bought by
10 55Th Avenue Iop Llc
Current Estimated Value
$5,517,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,940,000
Outstanding Balance
$2,673,371
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$3,531,657

Purchase Details

Listed on
Feb 8, 2018
Closed on
May 3, 2018
Sold by
Hancock David H
Bought by
Psalm 23 Llc
Seller's Agent
Tyler Hawkins
The Boulevard Company
Buyer's Agent
Doug Berlinsky
Disher Hamrick & Myers Res Inc
List Price
$3,750,000
Sold Price
$3,202,500
Premium/Discount to List
-$547,500
-14.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%

Purchase Details

Closed on
Sep 6, 2000
Sold by
Pusateri Jon M
Bought by
Hancock David H

Purchase Details

Closed on
Sep 1, 2000
Sold by
Minglewood Limited Partnership and Jon M
Bought by
Hancock David H
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
10 55Th Avenue Iop Llc -- None Listed On Document
10 55Th Avenue Iop Llc $4,200,000 None Listed On Document
10 55Th Avenue Iop Llc -- None Listed On Document
Psalm 23 Llc $3,202,500 None Available
Hancock David H -- --
Hancock David H $2,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 10 55Th Avenue Iop Llc $2,940,000
Closed 10 55Th Avenue Iop Llc $2,940,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2018 05/08/18 Sold $3,202,500 -14.6% $708 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $3,750,000 -- $829 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $57,893 $253,200 $0 $0
2023 $57,893 $252,000 $0 $0
2022 $54,368 $252,000 $0 $0
2021 $39,538 $185,170 $0 $0
2020 $38,995 $185,170 $0 $0
2019 $35,735 $161,020 $0 $0
2017 $34,185 $161,040 $0 $0
2016 $32,806 $161,040 $0 $0
2015 $31,248 $161,040 $0 $0
2014 $33,503 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 18003341

CHS Regional MLS

APN: 604-09-00-067