NOT LISTED FOR SALE

202 Palm Blvd Isle of Palms, SC 29451

Estimated Value: $3,067,000 - $3,592,000

5 Beds
5.5 Baths
3,300 Sq Ft
$1,011/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $1,470,000 $445 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $20,414/month

36 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • In Ground Pool
  • Sullivans Island Elementary School Rated A
  • Beach Access
  • Fireplace in Bedroom

About This Home

As of January 2019

Welcome to 202 Palm Blvd, on the Isle of Palms, SC. This stunning 5 BR, 5 1/2 BA, custom built home offers spectacular views of Hamlin Creek and Intracoastal Waterway. The open airy first floor plan features a gourmet kitchen with Sub-zero Refrigerator, Wolf cook-top, double ovens, Bosch Dishwasher, custom cabinetry, lighting and granite countertops. There are 5'' natural Heart Pine floors throughout the house with ceramic tile in the bathrooms. Adjacent to the kitchen is a spacious dining area and a large living room with a fireplace and access to the covered porch that runs the width of the house, overlooking the water. Also on the first floor is a half bath, laundry room, two bedrooms (one a charming bunk room) with ample closets, private baths and access to a covered porchoverlooking a lush backyard with an in-ground pool. The second floor features 3 additional bedrooms and a sitting area with porch access, overlooking the water. The large master suite features a fireplace with and built-ins on either side, porch access with water views and a master bath with marble floors, a jetted tub, separate shower and dual vanities and a huge walk-in closet. The two additional bedrooms on the second floor each have a large closet and private bath with tile floors.

There is a large owner's closet on the 2nd floor and a spiral staircase taking you up to a huge roof top deck with views of the ocean and waterway. The heated and cooled loft features a wet bar with glass mosaic tile counter top, under mount sink and icemaker. Perfect stop to grab a beverage as you head out to enjoy the views.

This home includes a two car garage with ample room to hold cars, bikes, a golf cart, beach gear and more. There is an elevator from the garage to the second floor living area. The property is beautifully landscaped and includes a private in-ground pool in the lush back yard. There are two covered porches on the front of the house and one on the back, overlooking the pool. 202 Palm is conveniently located to the beach, downtown Isle of Palms, shopping, dining and of course, historic Charleston.

Last Agent to Sell the Property

Betty Poore

Dunes Properties of Chas Inc License #23183 Listed on: 09/23/2018

Dunes Properties of Chas Inc

Co-Listed By

Ginn Maiers

Dunes Properties of Chas Inc License #17368

Last Buyer's Agent

Vannessa Carter

Dunes Properties of Chas Inc License #81374

Dunes Properties of Chas Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,996

Year Built

  • Built in 2006

Lot Details

  • 8,276

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Cement Siding

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Beamed Ceilings
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Great Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Bonus Room
  • Utility Room
  • Exterior Basement Entry

Kitchen

  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Bedroom
  • Walk-In Closet
  • Garden Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Deck
  • Covered patio or porch

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • 8,276 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • Boat Ramp
  • RV or Boat Storage in Community
  • Marina
  • Tennis Courts
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,996

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 2006
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.19
  • Co List Office Mls Id: 1663
  • Co List Office Phone: 843-886-5600
  • Ownership: Fee Simple
  • Subdivision Name: None
  • Directions: From Sullivans, Cross Breech Inlet, House On Your Right, Between 2nd And 3rd Ave. From The Connnector, Turn Right On Palm . House On Left Between 2nd And 3rd Ave.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 3
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Bedroom, Great Room, Two
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Beamed Ceilings, Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Wet Bar, Ceiling Fan(s), Bonus, Entrance Foyer, Great, Living/Dining Combo, Utility
  • Window Features: Window Treatments
  • Master Bedroom Features: Garden Tub/Shower, Outside Access, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Lot Features: 0 - .5 Acre
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: Beach Access
  • Construction Type: Cement Plank
  • Foundation Details: Raised, Pillar/Post/Pier
  • Patio And Porch Features: Deck, Covered, Front Porch, Porch - Full Front
  • 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
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: IOP W/S Comm, SCE & G
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Ramp, Bus Line, Marina, Park, RV/Boat Storage, Tennis Court(s), Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5680900190
  • Tax Annual Amount: 13995.75

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Magnuson Robert K and Magnuson Elizabeth T
Bought by
Magnuson Robert K and Magnuson Elizabeth T
Total Days on Market
36
Current Estimated Value
$3,335,074

Purchase Details

Listed on
Sep 23, 2018
Closed on
Jan 15, 2019
Sold by
Gendelman Arthur V and Gendelman Susan B
Bought by
Magnuson Robert K and Magnuson Elizabeth T
Seller's Agent
Betty Poore
Dunes Properties of Chas Inc
Buyer's Agent
Vannessa Carter
Dunes Properties of Chas Inc
List Price
$1,470,000
Sold Price
$1,470,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.17%
Original Mortgage
$935,410
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 14, 2011
Sold by
Redus Sc Coastal Llc
Bought by
Gendelman Arthur and Gendelman Susan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 3, 2011
Sold by
Simonini Builders Of South Carolina Inc
Bought by
Redus Sc Coastal Llc

Purchase Details

Closed on
Dec 28, 2004
Sold by
Sherrill Laura Lee
Bought by
Simonini Builders Of South Carolina Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
5.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Suncoast Properties Of Sc Llc
Bought by
Sherill Laura Lee
Source: Public Records

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Range of Values:

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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
Magnuson Robert K -- None Available
Magnuson Robert K $1,470,000 None Available
Gendelman Arthur $1,000,000 --
Redus Sc Coastal Llc -- --
Simonini Builders Of South Carolina Inc $550,000 --
Sherill Laura Lee $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robert K Magnuson Revocable Tr $908,000
Closed Magnuson Robert K $945,000
Closed Magnuson Robert K $935,410
Previous Owner Gendelman Arthur $700,000
Previous Owner Gendelman Arthur $700,000
Previous Owner Simonini Builders Kof Se Inc $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2019 01/15/19 Sold $1,470,000 0.0% $445 / Sq Ft
12/16/2018 12/16/18 Pending -- -- --
09/23/2018 09/23/18 For Sale $1,470,000 -- $445 / 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 $20,311 $88,200 $0 $0
2022 $19,140 $88,200 $0 $0
2021 $18,922 $88,200 $0 $0
2020 $18,664 $88,200 $0 $0
2019 $14,642 $65,520 $0 $0
2017 $13,996 $65,520 $0 $0
2016 $13,434 $65,520 $0 $0
2015 $12,793 $65,520 $0 $0
2014 $11,355 $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: 18026134

CHS Regional MLS

APN: 568-09-00-190