NOT LISTED FOR SALE

Estimated Value: $3,518,000 - $3,949,000

4 Beds
3.5 Baths
2,928 Sq Ft
$1,297/Sq Ft Est. Value

Last Sold March 17, 2017

Last sale price $1,650,000 $564 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $23,255/month

207 Days on Market

Highlights

  • Boat Ramp
  • Beach Access
  • Cathedral Ceiling
  • Sullivans Island Elementary School Rated A
  • In Ground Pool
  • 5-minute walk to J. Marshall Stith Park

About This Home

As of March 2017

Who wouldn't love to call this Sullivans Island hideaway their very own place? The Melrose Cottage ~circa 1898~ is located at Station 22.5, in the heart of the historic district. She boasts ambient charm, just as one would expect of a quintessential island beach home. From the original pine floors and beamed ceilings to the antique bead board walls, this four bedroom cottage has maintained its beauty. A terrific kitchen is a prime gathering spot when entertaining. It is updated with top of the line stainless appliances, including Bosch and Five Star dual ranges. A welcoming master suite and two guest rooms are located on the first level. French doors off these bedrooms lead to the essential room of any beach house-a large relaxing porch! Did we mention.. the heated swimming pool?At the Melrose Cottage, enjoy ocean breezes and watch your worries wither away! This home is two blocks from the Atlantic Ocean- and a short walk to one of the best beach accesses on the island. After a day in the surf, the professionally designed and landscaped backyard invites you to take an afternoon swim in the large heated swimming pool. The entire yard (1/2 acre) is fenced- the front having a charming white picket fence- the back with a solid wood fence and dense trees and shrubbery for privacy. Step back into an era that cannot be duplicated. Own a piece of Sullivans Island history that is above the cutting edge. Remodeling efforts by architect, Christopher Rose brought living up to todays modern standards. The charm of The Melrose Cottage landed it on the pages of "A House in the South." This is a place to spend happy days and lazy weekends!!!!

Last Agent to Sell the Property

Jill Ford

King and Society Real Estate License #54125 Listed on: 07/28/2016

Last Buyer's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,016

Year Built

  • Built in 1898

Lot Details

  • 0.51 Acre Lot
  • Wood Fence
  • Irrigation

Home Design

  • Cottage
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,928 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Stubbed Gas Line For Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Home Security System
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Garden Bath

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Screened Patio
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Satellite Dish

Community Details

Overview

  • Sullivans Island Subdivision

Recreation

  • Boat Ramp
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,016

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Cottage
  • Year Built: 1898
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.51
  • Ownership: Fee Simple
  • Subdivision Name: Sullivans Island
  • Directions: From Ben Sawyer,take Left Onto Middle Street, House Is On Your Left In The Station 22.5 Block.
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer/Dryer Stacked
  • Other Equipment: Satellite Dish
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Connection, Living Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Beamed Ceilings, Ceiling - Cathedral/Vaulted, High Ceilings, Garden Tub/Shower, Kitchen Island, Ceiling Fan(s), Eat-in Kitchen, Family, Entrance Foyer, Living/Dining Combo, Pantry
  • Master Bedroom Features: Ceiling Fan(s), Garden Tub/Shower, Outside Access
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Metal
  • Fencing: Fence - Wooden Enclosed
  • Lot Features: .5 - 1 Acre
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: Beach Access
  • Construction Type: Wood Siding
  • Exterior Features: Lawn Irrigation
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Front Porch, Porch - Full Front, Screened
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Security: Security System
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: SCE & G, SI W/S Comm
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Ramp, Walk/Jog Trails

Schools

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

Lot Info

  • Lot Size Sq Ft: 22215.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5290600021
  • Tax Annual Amount: 21015.55

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Mar 15, 2017
Sold by
Arnold Dan H and Arnold Mary J
Bought by
Applegate William E
Seller's Agent
Jill Ford
King and Society Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$1,650,000
Sold Price
$1,650,000
Current Estimated Value
$3,797,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,147,702
Avg. Annual Appreciation
10.29%
Original Mortgage
$800,000
Outstanding Balance
$664,065
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,090,175

Purchase Details

Closed on
Oct 19, 2007
Sold by
2262 Middle Street Llc
Bought by
Arnold Dan H and Arnold Mary J

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
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2005
Sold by
Silliman David D
Bought by
2262 Middle Street Llc

Purchase Details

Closed on
Jan 9, 2004
Sold by
Heffron Ruth H and Heffron Robert C
Bought by
Sulliman David D

Purchase Details

Closed on
May 18, 2001
Sold by
Heffron Ruth H
Bought by
Heffron Ruth H and Heffron Robert C
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Applegate William E $1,650,000 None Available
Arnold Dan H $1,850,000 Attorney
2262 Middle Street Llc $1,500,000 --
Sulliman David D $900,000 --
Heffron Ruth H $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Applegate William E $800,000
Previous Owner Arnold Dan H $397,400
Previous Owner Arnold Dan H $417,000
Previous Owner Arnold Dan H $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2017 03/17/17 Sold $1,650,000 0.0% $564 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
07/28/2016 07/28/16 For Sale $1,650,000 -- $564 / 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
2024 $27,374 $102,000 $0 $0
2023 $27,374 $102,000 $0 $0
2022 $25,814 $102,000 $0 $0
2021 $25,402 $102,000 $0 $0
2020 $25,025 $102,000 $0 $0
2019 $24,730 $99,000 $0 $0
2017 $22,995 $100,500 $0 $0
2016 $22,154 $100,500 $0 $0
2015 $21,016 $100,500 $0 $0
2014 $19,759 $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: 16020185

CHS Regional MLS

APN: 529-06-00-021