$675,000
SOLD JUN 8, 2016

120 Palm Blvd Isle of Palms, SC 29451

0.23 Acre
$2,934,783 Price per Acre
10,019 Sq Ft Lot

Recently Sold

214 Days on Market

Highlights

  • Boat Ramp
  • Property is near a bus stop
  • Level Lot
  • Sullivans Island Elementary School Rated A

About This Lot

As of August 2023

PRICE REDUCED BY $90K Aug 3, 2015! This is an AMAZING lot with the potential for panoramic water views from Hamlin Creek and the Intracoastal Waterway to Breach Inlet and possibly the ocean. Price is based on lot value only. House sits across the street from Hamlin Creek, with permanent unobstructed water and marsh views from ground level. Boathouse Restaurant and boat landing as well as Breach Inlet are within walking distance. Current house is a duplex. One side is a 3/1 with kitchen and living area -- could be comfortable living space until buyer is ready to tear down and rebuild. The other side is completely open and could be used for storage or workshop. Great for investor/builder or build your own dream home on this rare gem of a lot!

Last Agent to Sell the Property

Andrea Rogers

AgentOwned Realty Preferred Group License #65464 Listed on: 08/03/2015

AgentOwned Realty Preferred Group

Last Buyer's Agent

Jim Covington

AgentOwned Realty Preferred Group License #7067

AgentOwned Realty Preferred Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,814

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 61 x 149
  • Level Lot

Schools

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

Utilities

  • Septic Tank
  • Cable TV Available

Additional Features

  • Residence on Property
  • Property is near a bus stop

Community Details

Overview

  • Isle Of Palms Subdivision

Recreation

  • Boat Ramp

Property Details

Property Type

Land

Est. Annual Taxes

$4,814

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.23
  • Lot Size: 61 X 149
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Isle of Palms
  • Directions: From The Isle Of Palms Connector, Turn Right Onto Palm Blvd. Lot (with Concrete Block House) Is On The Corner Of Palm Blvd And 2nd (before You Get To Breach Inlet).
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Level
  • Other Structures: Residence

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: Yes
  • Sewer: Septic At Site
  • Utilities: Electricity Connected, Water Connected

Condo/Co-op/Association

  • Community Features: Boat Ramp, Bus Line, Central TV Available

Schools

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

Lot Info

  • Development Status: Other
  • Lot Size Sq Ft: 10018.8
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5680900012
  • Tax Annual Amount: 4813.53

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2023
Closed on
Jul 31, 2023
Sold by
120 Palm Iop Llc
Bought by
Binnie John
Seller's Agent
Belinda Hodgson
Lois Lane Properties
Buyer's Agent
Ruthie Ravenel
Daniel Ravenel Sotheby's International Realty
List Price
$5,295,000
Sold Price
$4,600,000
Premium/Discount to List
-$695,000
-13.13%
Views
74
Current Estimated Value
$3,723,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$876,500
Avg. Annual Appreciation
-14.11%
Original Mortgage
$2,000,000
Interest Rate
6.71%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 16, 2020
Closed on
Oct 12, 2020
Sold by
Kah Llc
Bought by
120 Palm Iop Llc
Seller's Agent
Rick Horger
Corcoran HM Properties
Buyer's Agent
Rick Horger
Corcoran HM Properties
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.57%

Purchase Details

Listed on
Aug 3, 2015
Closed on
Jun 8, 2016
Sold by
Leopold Catherine Goss
Bought by
Kah Llc
Seller's Agent
Andrea Rogers
AgentOwned Realty Preferred Group
Buyer's Agent
Jim Covington
AgentOwned Realty Preferred Group
List Price
$675,000
Sold Price
$675,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%

Purchase Details

Closed on
Nov 18, 2009
Sold by
Dooley David S
Bought by
Leopold Catherine Goss
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 Type Sale Price Title Company
Deed $4,600,000 None Listed On Document
Deed $750,000 None Available
Deed $675,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $2,000,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2023 08/02/23 Sold $4,600,000 -4.1% $1,152 / Sq Ft
06/15/2023 06/15/23 Price Changed $4,795,000 -4.0% $1,201 / Sq Ft
05/31/2023 05/31/23 Price Changed $4,995,000 -5.7% $1,251 / Sq Ft
05/17/2023 05/17/23 For Sale $5,295,000 +606.0% $1,326 / Sq Ft
10/16/2020 10/16/20 Sold $750,000 0.0% --
10/16/2020 10/16/20 For Sale $750,000 +11.1% --
06/08/2016 06/08/16 Sold $675,000 0.0% --
05/09/2016 05/09/16 Pending -- -- --
08/03/2015 08/03/15 For Sale $675,000 -- --
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 $60,831 $44,940 $0 $0
2022 $9,737 $44,940 $0 $0
2021 $9,779 $45,000 $0 $0
2020 $8,075 $37,500 $0 $0
2019 $9,157 $40,500 $0 $0
2017 $8,748 $40,500 $0 $0
2016 $4,605 $21,780 $0 $0
2015 $4,384 $21,780 $0 $0
2014 $4,814 $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: 15020568

CHS Regional MLS

APN: 568-09-00-012