A
Seller's Agent in 2022
Ashley Haynes
East Islands Real Estate
(843) 886-8114
34 in this area
65 Total Sales
1501 Thompson Ave Sullivan's Island, SC 29482
Sullivan's Island NeighborhoodEstimated Value: $7,275,228 - $8,296,000
5
Beds
5.5
Baths
4,681
Sq Ft
$1,646/Sq Ft
Est. Value
Highlights
- Boat Ramp
- In Ground Pool
- Great Room with Fireplace
- Sullivans Island Elementary School Rated A
- Clubhouse
- Traditional Architecture
About This Home
As of August 2022A simply magnificent property situated at the corner of Station 15 and Thompson Ave., and with views of Cove Creek just across the street, 1501 Thompson Ave. has been meticulously maintained and significantly upgraded, making this house effectively still new for the next owner! The huge, wrap-around front porch invites you upstairs to a wide, covered porch with plenty of space to hang out, watch the sunset, or have an evening cocktail with the neighbors. Upon entering the home, the tall ceilings, open floor plan, and abundance of natural light gives you the feeling of being at vacation on the beach. With hardwood floors and ship-lap walls throughout, the inviting living area is complete with a fireplace, beamed ceilings, built-in window seats, and plenty of room for gatherings. Behindthe living area is the beautifully decorated dining space which leads to the fully equipped gourmet kitchen complete with custom cabinetry, large kitchen island, dual dishwashers, Quartz counters, and high-end stainless steel appliances including a Thermador dual oven with 8 burner gas cooktop, built-in microwave, and separate prep sink. Behind the kitchen is the butler's pantry that has a ton of storage and prep space, an additional sink, ice maker, and a separate outside entrance perfect for catered events. Just outside of the butler's pantry, and separated from the rest of the house by a covered porch breezeway, is a guest suite with a full bathroom that works very well as a mother-in-law suite, art room, or a kid's play area. Back inside, and down a hallway off to the side of the kitchen area, is a fully equipped wet bar that has a full-sized wine cooler, separate beverage cooler, ice maker, extra sink and storage. Just past the wet bar is a quiet and cozy home office away from the activity in the rest of the house. At the other end of the first floor is the master suite with lots of natural light, reading area, vaulted ceilings, and porch access. The rest of the master suite is complete with separate his/hers closets, and a luxurious master bathroom with dual vanities, one of two laundry rooms, custom cabinets, soaking tub, separate water closet, and a standup shower with multiple spray heads. Upstairs are the guest suites that all have private full bathrooms, as well as the additional large laundry room and another home office perfect for school homework or crafting. Back downstairs and outside, the large pool has side fountains, a shallow sunning shelf, and an infinity edge that spills over towards the outdoor fire pit. There is also an incredible poolside living room complete with another fireplace, flat screen TV, and a dining area perfect for turning on the built-in speakers to listen to music during evening meals by the pool. The garage area has plenty of room for multiple cars, golf carts, 3-stop elevator access, and tons of storage. Truly a spectacular property and turn-key house, you are close to the beach path, parks, tennis courts, boat ramp, and all of the restaurants and shops that Sullivan's Island has to offer. If you are looking to move to the island with absolutely no work or upgrades needed, then this is the home for you!
Last Agent to Sell the Property
East Islands Real Estate License #13214 Listed on: 04/12/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,102
Year Built
- Built in 2019
Lot Details
- 0.39 Acre Lot
- Partially Fenced Property
- Irrigation
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Traditional Architecture
- Raised Foundation
- Metal Roof
- Cement Siding
Interior Spaces
- 4,681 Sq Ft Home
- 2-Story Property
- Wet Bar
- Beamed Ceilings
- Smooth Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Great Room with Fireplace
- 3 Fireplaces
- Home Office
- Utility Room with Study Area
- Wood Flooring
- Exterior Basement Entry
Kitchen
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 5 Bedrooms
- Dual Closets
- Walk-In Closet
- In-Law or Guest Suite
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Handicap Accessible
Outdoor Features
- In Ground Pool
- Covered patio or porch
Schools
- Sullivans Island Elementary School
- Moultrie Middle School
- Wando High School
Utilities
- Cooling Available
- Heat Pump System
- Tankless Water Heater
Community Details
Overview
- Sullivans Island Subdivision
Amenities
- Clubhouse
- Elevator
Recreation
- Boat Ramp
- Tennis Courts
- Community Pool
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2022
Closed on
Jul 25, 2022
Sold by
Miller Brian
Bought by
Russo Family Joint Declaration Of Trust
Seller's Agent
Ashley Haynes
East Islands Real Estate
List Price
$6,950,000
Sold Price
$6,000,000
Premium/Discount to List
-$950,000
-13.67%
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
$1,665,972
Avg. Annual Appreciation
9.44%
Purchase Details
Listed on
Oct 26, 2018
Closed on
Sep 19, 2019
Sold by
Miller Brian and Miller Sarah
Bought by
Miller Brian and Miller Sarah
Seller's Agent
Tim Reese
Dunes Properties of Chas Inc
Buyer's Agent
Ric Biggers
Biggers Real Estate, LLC
List Price
$3,500,000
Sold Price
$3,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.14%
Purchase Details
Closed on
Mar 30, 2018
Sold by
Trussler Robert J and Trussler Lila F
Bought by
Pennington Kevin
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 |
|---|---|---|---|
| Russo Family Joint Declaration Of Trust | -- | -- | |
| Miller Brian | $3,500,000 | None Available | |
| Pennington Kevin | $1,100,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2022 08/01/22 | Sold | $6,000,000 | 0.0% | $1,282 / Sq Ft |
| 07/27/2022 07/27/22 | Off Market | $6,000,000 | -- | -- |
| 06/21/2022 06/21/22 | Price Changed | $6,250,000 | -3.5% | $1,335 / Sq Ft |
| 05/31/2022 05/31/22 | Price Changed | $6,475,000 | -6.8% | $1,383 / Sq Ft |
| 04/12/2022 04/12/22 | For Sale | $6,950,000 | +98.6% | $1,485 / Sq Ft |
| 10/11/2019 10/11/19 | Sold | $3,500,000 | 0.0% | $882 / Sq Ft |
| 09/11/2019 09/11/19 | Pending | -- | -- | -- |
| 10/26/2018 10/26/18 | For Sale | $3,500,000 | -- | $882 / 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 |
|---|---|---|---|---|
| 2024 | $27,102 | $240,000 | $0 | $0 |
| 2023 | $27,102 | $240,000 | $0 | $0 |
| 2022 | $26,787 | $360,000 | $0 | $0 |
| 2021 | $52,118 | $210,000 | $0 | $0 |
| 2020 | $51,305 | $210,000 | $0 | $0 |
| 2019 | $16,408 | $66,000 | $0 | $0 |
| 2017 | $10,314 | $45,260 | $0 | $0 |
| 2016 | $9,936 | $45,260 | $0 | $0 |
| 2015 | $9,421 | $45,260 | $0 | $0 |
| 2014 | $7,750 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
T
Seller's Agent in 2019
Tim Reese
Dunes Properties of Chas Inc
(843) 906-1861
10 in this area
17 Total Sales
-
R
Buyer's Agent in 2019
Ric Biggers
Biggers Real Estate, LLC
(843) 971-5950
5 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 22009060
APN: 523-08-00-089
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