1402 Thompson Ave Sullivans Island, SC 29482
Sullivan's Island NeighborhoodEstimated Value: $2,492,000 - $3,485,000
3
Beds
2
Baths
2,205
Sq Ft
$1,416/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Cathedral Ceiling
- Cottage
- Sullivans Island Elementary School Rated A
- Wood Flooring
- Beamed Ceilings
About This Home
As of May 2023Whether you are wanting history, charm, or location, this meticulously maintained home known as ''Cottonwood Cottage'' has it all! Originally built in 1918, this Sullivan's Island beach cottage showcases two of the oldest and most gorgeous trees on the Island. Located on a quiet corner lot, 1 house off the Waterway, this property is located on one of the most sought after streets on Sullivan's. Upon entering this turnkey, elevated home, you are greeted with beautiful hardwood floors balanced with the eloquent colors of Farrow & Ball paint and wallpaper throughout. The Main house features 3 bedrooms and 2 full bathrooms all conveniently located on the main level. This well-maintained cottage encapsulates the perfect balance between the classic Sullivan's Island beach home combinedwith modern finishes throughout. The main Living Room features beautiful exposed wood beams combined with the warmth of a fireplace. In addition, the main living space features a beautiful kitchen, dining room, formal living room, two bedrooms that share a bathroom, and the primary suite and ensuite bathroom with a clawfoot tub. When stepping into the backyard, you are greeted with lush new landscaping and sod anchored by a brand new heated pool with both spa and water features. To the rear of the backyard, this home offers a 2-car garage featuring a newly refinished office, additional living room/flex space (potential to become a pool house), as well as ample storage room on the 1st and 2nd floors. The property has just been fully painted on the interior and exterior and all finishes have been updated throughout. New HVAC was installed in 2022. Enjoy the best of Sullivan's Island living at this quintessential beach cottage perfectly positioned close to the beach (within 2 blocks) and popular local restaurants. This is truly a rare opportunity to own a perfectly turnkey single level cottage in a fantastic location!
Last Agent to Sell the Property
The Properties SC, LLC License #93588 Listed on: 03/31/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,448
Year Built
- Built in 1918
Lot Details
- 6,534 Sq Ft Lot
- Wood Fence
- Irrigation
Parking
- 2 Car Garage
Home Design
- Cottage
- Metal Roof
- Wood Siding
Interior Spaces
- 2,205 Sq Ft Home
- 1-Story Property
- Beamed Ceilings
- Cathedral Ceiling
- Family Room
- Wood Flooring
- Laundry Room
Kitchen
- Built-In Gas Oven
- Gas Range
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- In Ground Pool
- Front Porch
Schools
- Sullivans Island Elementary School
- Moultrie Middle School
- Wando High School
Utilities
- Central Air
- Heating Available
Community Details
- Sullivans Island Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 31, 2023
Closed on
May 11, 2023
Sold by
Hopkins Courtney K
Bought by
Larry R Morris Trust and Morris
Seller's Agent
Kelly Mcewen
The Properties SC, LLC
Buyer's Agent
Joy Morris
The Properties SC, LLC
List Price
$2,735,000
Sold Price
$2,886,000
Premium/Discount to List
$151,000
5.52%
Views
85
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,878
Avg. Annual Appreciation
3.87%
Original Mortgage
$2,886,000
Outstanding Balance
$2,819,519
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving
Estimated Equity
$303,359
Purchase Details
Listed on
Feb 17, 2020
Closed on
Aug 24, 2020
Sold by
Colmar Steven P and The Colmar Family Trust
Bought by
Hopkins Courtney K
Seller's Agent
Anne Black
Daniel Ravenel Sotheby's International Realty
Buyer's Agent
Ruthie Ravenel
Daniel Ravenel Sotheby's International Realty
List Price
$1,375,000
Sold Price
$1,375,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.20%
Original Mortgage
$1,237,500
Interest Rate
3.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 2018
Sold by
Colmar Donna Dewey
Bought by
Colmar Steven P and Colmar Family Trust
Purchase Details
Listed on
Jan 9, 2015
Closed on
Jul 29, 2015
Sold by
Hartness Gina C
Bought by
Colmar Donna Dewey
Seller's Agent
Tim Reese
Dunes Properties of Chas Inc
Buyer's Agent
Anne Black
Daniel Ravenel Sotheby's International Realty
List Price
$1,225,000
Sold Price
$1,225,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Purchase Details
Closed on
Mar 13, 2009
Sold by
Morris Carol A
Bought by
Hartness Gina C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.89%
Mortgage Type
Unknown
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Larry R Morris Trust | $2,886,000 | None Listed On Document | |
| Hopkins Courtney K | $1,375,000 | None Available | |
| Colmar Steven P | -- | None Available | |
| Colmar Donna Dewey | $1,225,000 | -- | |
| Hartness Gina C | $998,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Larry R Morris Living Trust | $400,000 | |
| Open | Larry R Morris Trust | $2,886,000 | |
| Previous Owner | Southstate Bank Na | $700,000 | |
| Previous Owner | Hopkins Courtney K | $1,200,000 | |
| Previous Owner | Hopkins Courtney K | $1,237,500 | |
| Previous Owner | Hartness Gina C | $405,000 | |
| Previous Owner | Hartness Gina C | $344,000 | |
| Previous Owner | Hartness Gina C | $150,000 | |
| Previous Owner | Hartness Gina C | $417,000 | |
| Previous Owner | Hartness Gina C | $417,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2023 05/22/23 | Sold | $2,886,000 | +5.5% | $1,309 / Sq Ft |
| 03/31/2023 03/31/23 | For Sale | $2,735,000 | +98.9% | $1,240 / Sq Ft |
| 08/28/2020 08/28/20 | Sold | $1,375,000 | 0.0% | $701 / Sq Ft |
| 07/29/2020 07/29/20 | Pending | -- | -- | -- |
| 02/17/2020 02/17/20 | For Sale | $1,375,000 | +12.2% | $701 / Sq Ft |
| 08/12/2015 08/12/15 | Sold | $1,225,000 | 0.0% | $625 / Sq Ft |
| 07/13/2015 07/13/15 | Pending | -- | -- | -- |
| 01/09/2015 01/09/15 | For Sale | $1,225,000 | -- | $625 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $46,317 | $56,600 | $0 | $0 |
| 2022 | $6,448 | $56,600 | $0 | $0 |
| 2021 | $6,496 | $55,000 | $0 | $0 |
| 2020 | $19,543 | $53,000 | $0 | $0 |
| 2019 | $18,404 | $73,500 | $0 | $0 |
| 2017 | $16,863 | $73,500 | $0 | $0 |
| 2016 | $16,248 | $73,500 | $0 | $0 |
| 2015 | $14,377 | $68,550 | $0 | $0 |
| 2014 | $11,332 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Mcewen
K
Seller's Agent in 2023
Kelly Mcewen
The Properties SC, LLC
2 in this area
24 Total Sales
-
Jamey Mcewen
J
Seller Co-Listing Agent in 2023
Jamey Mcewen
The Properties SC, LLC
(973) 698-5731
1 in this area
21 Total Sales
-
Joy Morris
J
Buyer's Agent in 2023
Joy Morris
The Properties SC, LLC
(843) 478-2502
4 in this area
10 Total Sales
-
Anne Black
A
Seller's Agent in 2020
Anne Black
Daniel Ravenel Sotheby's International Realty
(843) 513-0999
1 in this area
16 Total Sales
-
Ruthie Ravenel
Buyer's Agent in 2020
Ruthie Ravenel
Daniel Ravenel Sotheby's International Realty
(843) 696-8858
6 in this area
177 Total Sales
-
Tim Reese
T
Seller's Agent in 2015
Tim Reese
Dunes Properties of Chas Inc
(843) 906-1861
10 in this area
17 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 23007019
APN: 523-07-00-013
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