NOT LISTED FOR SALE

116 Charleston Blvd Isle of Palms, SC 29451

Estimated Value: $5,554,000 - $6,567,000

7 Beds
9 Baths
4,769 Sq Ft
$1,256/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $5,300,000 $1,111 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $34,679/month

28 Days on Market

Highlights

  • Beach Access
  • Under Construction
  • Two Primary Bedrooms
  • Sullivans Island Elementary School Rated A
  • Above Ground Pool
  • Deck

About This Home

As of November 2022

Estimated completion date is October, 2022. This quintessential island home located on ''Millionaires Row'' of Ocean Boulevard is being built by Rhodes Residential Builders. This reverse floor plan, second row home has a Charleston Boulevard address, but lives on the Ocean Boulevard side of Isle of Palms. Features will include Custom cabinets, pro appliances, metal roof, natural stone countertops, designer tile, wood plank floors, designer lighting, and fireplace. The floorplan features a enormous great room made for entertaining with Wood Walls flowing into a large custom professional kitchen, and large island with seating. The great room/kitchen look out toward the ocean.On the top floor from the elevator, you can walk into the large open dining/living/kitchen area, with large island. Just off the kitchen is the third floor deck with amazing views. The master suite and secondary guest suite are also on this level. The Master suite will include a large walk-in closet and ensuite bath with separate tub and shower. Another guest suite will have full bath and walk in closet.

On the second level downstairs, when entering the home from Charleston Boulevard, a nice covered porch with two entrances await. The front door leads to a grand foyer, with two sets of stairs(one to the top floor and one to the garage), two hallways, and an elevator.

The second entrance leads to an inviting study/den/living area, with two guest bedrooms and ensuite baths. This portion of the home would make a great guest suite to close off from the main portion of the house.

Down the hallway, there are two more bedrooms, with ensuite baths and the laundry room. At the end of the hall there is the secondary master suite and lower great room, with a wet bar planned against the side wall. Sliding glass doors open to a massive deck and elevated pool, with covered seating area, planned outdoor kitchen, and a half bath. Steps to the beach access across Ocean Boulevard from the back of this house make it ideal as a primary residence, secondary home, or rental.

Last Agent to Sell the Property

Chip Warley

Premier Properties Charleston License #30179 Listed on: 05/17/2022

Last Buyer's Agent

Chris Eller

The Cassina Group License #46054

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,014

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 0.28 Acre Lot
  • Privacy Fence
  • Interior Lot
  • Irrigation

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Metal Roof
  • Cement Siding
  • Stucco

Interior Spaces

  • 4,769 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Combination Dining and Living Room
  • Bonus Room
  • Utility Room with Study Area
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Double Master Bedroom
  • Dual Closets
  • Walk-In Closet

Home Security

  • Storm Windows
  • Storm Doors

Pool

  • Above Ground Pool
  • Spa

Outdoor Features

  • Beach Access
  • Deck
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Tankless Water Heater

Community Details

  • Built by Rhodes Residential Builders
  • Isle Of Palms Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,014

Year Built

Built in 2022 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 2022
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.28
  • Ownership: Fee Simple
  • Subdivision Name: Isle of Palms
  • Directions: Breach Inlet Bridge Toward Isle Of Palms, Right On Charleston Boulevard, Home On Right. If You Are Driving From Ocean Boulevard, It Dead Ends After 3rd Avenue.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3 Stories, Multi-Story
  • New Construction: Yes
  • Property Attached Yn: No
  • Building Stories: 3
  • Special Features: NewHome
  • Stories: 3

Interior Features

  • Spa Features: Hot Tub/Spa
  • Appliances: Dishwasher, Refrigerator, Tankless Water Heater
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Door Features: Storm Door(s)
  • Fireplace Features: Other (Use Remarks)
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Elevator, Kitchen Island, Walk-In Closet(s), Wet Bar, Ceiling Fan(s), Bonus, Eat-in Kitchen, Family, Entrance Foyer, Great, Living/Dining Combo, Study, Utility
  • Window Features: Storm Window(s)
  • Master Bedroom Features: Dual Masters, Multiple Closets, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Metal
  • Fencing: Privacy
  • Lot Features: Interior Lot
  • Pool Features: Pool - Elevated
  • Pool Private: Yes
  • Waterfront Features: Beach Access
  • Builder Name: Rhodes Residential Builders
  • Construction Type: Cement Plank, Stucco
  • Exterior Features: Lawn Irrigation
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, Front Porch
  • Property Condition: Under Construction

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: Laundry Room
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: IOP W/S Comm
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5680900048
  • Tax Annual Amount: 11014

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Nov 16, 2022
Sold by
Jllm Llc
Bought by
Jennifer Chapman Revocable Trust
Seller's Agent
Chip Warley
Premier Properties Charleston
Buyer's Agent
Chris Eller
The Cassina Group
List Price
$5,495,000
Sold Price
$5,300,000
Premium/Discount to List
-$195,000
-3.55%
Views
13
Current Estimated Value
$5,989,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$689,273
Avg. Annual Appreciation
1.29%
Original Mortgage
$4,505,000
Outstanding Balance
$4,327,584
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$1,151,300

Purchase Details

Closed on
Apr 13, 2021
Sold by
Geils George F and Geils Mary W
Bought by
Jllm Llc

Purchase Details

Closed on
Feb 23, 2021
Sold by
The Beach Co
Bought by
Geils George F and Geils Mary W
Source: Public Records

Range of Values:

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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
Jennifer Chapman Revocable Trust $5,300,000 --
Jllm Llc $1,400,000 Weeks & Irvine Llc
Geils George F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennifer Chapman Revocable Trust $4,505,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $5,300,000 -3.5% $1,111 / Sq Ft
06/14/2022 06/14/22 For Sale $5,495,000 0.0% $1,152 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $5,495,000 -- $1,152 / 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
2023 $15,783 $212,000 $0 $0
2022 $14,365 $66,000 $0 $0
2021 $11,014 $51,000 $0 $0
2020 $13,003 $51,000 $0 $0
2019 $11,926 $53,220 $0 $0
2017 $11,396 $53,220 $0 $0
2016 $10,940 $53,220 $0 $0
2015 $10,417 $53,220 $0 $0
2014 $10,233 $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: 22012746

CHS Regional MLS

APN: 568-09-00-048