NOT LISTED FOR SALE

140 Fairbanks Oak Alley Unit 2a Daniel Island, SC 29492

Daniel Island Neighborhood

Estimated Value: $1,511,000 - $1,698,246

3 Beds
2.5 Baths
2,644 Sq Ft
$603/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $719,000 $272 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $9,223/month

199 Days on Market

Highlights

  • Clubhouse
  • Pond
  • Wood Flooring
  • Daniel Island School Rated A-
  • Wooded Lot
  • High Ceiling

About This Home

As of September 2018

This elegant brick and stucco condo residence offers a one level floor plan with an abundance of windows that create an airy and light atmosphere. A highly desirable residential address in Daniel Island Park allows quick access to the conveniences of Daniel Island's downtown, shops, restaurants, Governor's Park, Volvo Car Open tennis and the prestigious Daniel Island Club. Multiple sets of French doors open out to the magnificent wrap-around piazza where you can dine alfresco or simply enjoy your morning coffee while admiring the breathtaking views of the low country marsh.... a perfect setting for entertaining family and friends!The grand foyer and adjoining hallways have custom wainscoting and lead to 3 bedrooms to the left and an expansive family room, dining area and chef's kitchen to the right. A large formal dining room/office is accessible from the foyer or the kitchen. The sunlit family room houses a marble trimmed fireplace and custom mantle, and is bordered by windows and 4 sets of French doors that lead out to the grand wrap-around porch. The unique positioning of the building provides complete privacy from just about anywhere on the porch.

The chef's kitchen features a suite of stainless steel appliances including a 6-burner gas stove, built-in microwave, wall oven, wine refrigerator and trash compactor. The oversized center island provides lots of space for food prep and for entertaining family and friends.

The large master bedroom suite has its own French doors with access to the porch. The huge walk-in closet includes custom built-ins for extra storage, and the spa-like master bath features dual vanity sinks and granite counter-tops, a large shower and a jetted tub.

The two spacious additional bedrooms have floor-to-ceiling windows and are outfitted with walk-in closets that have custom built-ins. One of these bedrooms features its own private balcony with views of the community's large pond with dual fountain sprays.

All the walls of the condo were just painted. You will find hardwood floors throughout except in the bathrooms and secondary bedrooms, and decorative tile and granite in both the master bath and Jack-and-Jill bath.
There is secured indoor reserved parking under the building for two cars and elevator access from the parking level to this condo. There is also a large locked caged area for bulk storage in the garage.
Unique state of the art sound absorption ceilings with floating rubber grommets were installed that assure privacy and comfort. The Oaks at River's Edge is 100% building code compliant and is a perfect condo for a care free lifestyle!
As an owner of a condo at The Oaks at River's Edge, you are automatically a Social Member of the Daniel Island Club and can enjoy the club's dining facilities and participate in all the social events of the club. You also have the ability to upgrade to a Sports Membership or a Non-Revocable Golf Membership.

The monthly HOA dues have been reduced to $750 in the new budget. There is an on-going semi-annual assessment of $1,330 due on March 1, 2018 and September 1, 2018 to pay off a POA outstanding loan.

Don't miss this opportunity to enjoy luxury, ease, comfort, and class!
Buyer pays a one-time neighborhood enhancement fee of .5% x sales price to Daniel Island Community Fund at closing. Property disclosure, Community Fund Disclosure and Club Membership Acknowledgement will be required on offer to purchase. They can be found in the Documents section of the MLS. Buyer to confirm any information in this listing that is important in the purchase decision such as but not limited to square footage, lot size, taxes, and schools.

Last Agent to Sell the Property

Bob Farina

Atlantic Properties Of The LowCountry License #78954 Listed on: 01/25/2018

Last Buyer's Agent

Laurie Loparo

Carolina One Real Estate License #46056

Carolina One Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,023

Year Built

  • Built in 2006

Lot Details

  • Cul-De-Sac
  • Irrigation
  • Wooded Lot

HOA Fees

  • $88 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Raised Foundation

Interior Spaces

  • 2,644 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • Window Treatments
  • Insulated Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Utility Room
  • Exterior Basement Entry
  • Fire Sprinkler System

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island
  • Trash Compactor

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Pond
  • Exterior Lighting

Schools

  • Daniel Island Elementary And Middle School
  • Philip Simmons High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

Overview

  • Front Yard Maintenance
  • Club Membership Available
  • Daniel Island Park Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Golf Course Membership Available
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,023

Year Built

Built in 2006

Lot Details

0

HOA Fees

$88 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 2006
  • Property Sub Type: Single Family Attached
  • Ownership: Condominium
  • Subdivision Name: Daniel Island Park
  • Directions: From Mt. Pleasant Take I-526 West To Daniel Island (exit 24). At First Light, Make Left Then Right At First Traffic Circle Onto Fairbanks Oak Drive Then Left Onto Fairbanks Oak Allee. Address Is 140, Building #5
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condominium
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer/Dryer Stacked, Trash Compactor
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Central Vacuum, Eat-in Kitchen, Family, Entrance Foyer, Office, Pantry, Separate Dining, Utility
  • Window Features: Thermal Windows/Doors, Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Garden Tub/Shower, Outside Access, Walk-In Closet(s)

Exterior Features

  • Lot Features: .5 - 1 Acre, Cul-De-Sac, Wooded
  • Waterfront Features: Pond
  • Construction Type: Brick Veneer
  • Exterior Features: Lawn Irrigation, Lighting
  • Foundation Details: Raised
  • Patio And Porch Features: Wrap Around
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No
  • Parking Features: 2 Car Garage, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Dryer Connection, Laundry Room
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, SCE & G
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Club Membership Available, Elevators, Golf Membership Available, Lawn Maint Incl, Walk/Jog Trails
  • Association Fee: 1053
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Daniel Island
  • High School: Philip Simmons
  • Middle Or Junior School: Daniel Island

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 2760501033
  • Tax Annual Amount: 5023

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Sep 6, 2018
Sold by
Chiovarou Joseph E
Bought by
Maraia John E and Maraia Deborah M
Seller's Agent
Bob Farina
Atlantic Properties Of The LowCountry
Buyer's Agent
Laurie Loparo
Carolina One Real Estate
List Price
$719,000
Sold Price
$719,000
Current Estimated Value
$1,657,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$938,452
Avg. Annual Appreciation
11.88%
Original Mortgage
$454,000
Outstanding Balance
$395,099
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,198,713

Purchase Details

Closed on
Jun 15, 2006
Sold by
Daniel Island Riverside Developers Llc
Bought by
Chiovarou Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,943
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Maraia John E $719,000 None Available
Chiovarou Joseph E $621,179 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maraia John E $454,000
Previous Owner Chiovarou Joseph E $496,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2018 09/25/18 Sold $719,000 0.0% $272 / Sq Ft
08/26/2018 08/26/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $719,000 -- $272 / 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
2025 $5,306 $814,660 $254,756 $559,904
2024 $5,306 $32,586 $10,190 $22,396
2023 $5,306 $32,586 $10,190 $22,396
2022 $4,864 $28,336 $40 $28,296
2021 $4,952 $28,340 $40 $28,296
2020 $5,053 $28,336 $40 $28,296
2019 $5,148 $28,336 $40 $28,296
2018 $2,550 $13,816 $40 $13,776
2017 $2,546 $13,816 $40 $13,776
2016 $2,582 $13,820 $40 $13,780
2015 $2,414 $13,820 $40 $13,780
2014 $2,411 $13,820 $40 $13,780
2013 -- $13,820 $40 $13,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 18002036

CHS Regional MLS

APN: 276-05-01-033