NOT LISTED FOR SALE

2307 Palm Blvd Isle of Palms, SC 29451

Estimated Value: $4,251,000 - $4,506,988

9 Beds
6.5 Baths
4,186 Sq Ft
$1,040/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $2,775,000 $663 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $25,154/month

30 Days on Market

Highlights

  • Marina
  • Boat Dock
  • In Ground Pool
  • Sullivans Island Elementary School Rated A
  • Beach Access
  • Deck

About This Home

As of August 2021

No better time to have a high income producing rental home on the Isle of Palms than now! This large 4000+ sqft home is situated across the street from the Atlantic Ocean and generates approximately $250,000 in gross rental income annually. 2307 Palm sits on a high corner lot recently rezoned and no longer requires flood insurance. Recently updated, 2307 Palm comes equipped with 9 bedrooms, 6.5 bathrooms, a laundry room, gourmet kitchen that opens to an oversized den and a dining room for 20 plus people. Multiple porches host dining areas as well as sitting areas perfect for your guests to enjoy the ocean breeze.There is a 4 stop elevator in the home taking you to every level. The back yard has recently been expanded, turfed, and with the addition of a pool heater, is an outdoor oasis year round. This home has a proven history of rental success.

Last Agent to Sell the Property

Layne Mccombs Kipp

Dunes Properties of Chas Inc Listed on: 05/18/2021

Last Buyer's Agent

Sarah Hairell

Carolina One Real Estate License #110380

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,972

Year Built

  • Built in 1999

Lot Details

  • 0.25 Acre Lot
  • Elevated Lot
  • Wood Fence
  • Irrigation

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Raised Foundation

Interior Spaces

  • 4,186 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Deck
  • Exterior Lighting
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Community Details

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Boat Dock
  • Marina
  • Golf Course Membership Available
  • Tennis Courts
  • Park
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,972

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1999
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.25
  • Subdivision Name: None
  • Directions: Turn Left Off The Isle Of Palms Connector And Continue Onto Palm Blvd. Home Is On The Corner Of Palm And 24th Ave.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3 Stories
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 3
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Accessibility Features: Handicapped Equipped
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 9
  • Door Features: Some Storm Door(s)
  • Fireplace Features: Family Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Other
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Family, Living/Dining Combo
  • Window Features: Some Storm Wnd/Doors, Window Treatments - Some
  • Master Bedroom Features: Ceiling Fan(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Fencing: Fence - Wooden Enclosed
  • Lot Features: 0 - .5 Acre, High
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: Beach Access
  • Exterior Features: Lawn Irrigation, Lighting
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, 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
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Dock Facilities, Dog Park, Elevators, Golf Membership Available, Laundry, Marina, Park, Tennis Court(s), Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710900105
  • Tax Annual Amount: 23972.35

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Jul 30, 2021
Sold by
Johannes Jr Richard N
Bought by
Scenic Sc Property Llc
Seller's Agent
Layne Mccombs Kipp
Dunes Properties of Chas Inc
Buyer's Agent
Sarah Hairell
Carolina One Real Estate
List Price
$2,775,000
Sold Price
$2,775,000
Current Estimated Value
$4,353,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,578,996
Avg. Annual Appreciation
11.52%

Purchase Details

Listed on
Mar 13, 2020
Closed on
Sep 1, 2020
Sold by
The Flint Brothers Llc
Bought by
Johannes Richard N and Johannes Christy Grigg
Seller's Agent
Kim Mccuen
Brand Name Real Estate
Buyer's Agent
Layne Mccombs Kipp
Dunes Properties of Chas Inc
List Price
$1,780,000
Sold Price
$1,780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.20%
Original Mortgage
$1,424,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2020
Sold by
Flint Michael Joseph
Bought by
Flint Charlote B

Purchase Details

Closed on
May 24, 2016
Sold by
Peargo Llc
Bought by
Flint Michael Joseph and Flint Charlotte B

Purchase Details

Closed on
Apr 12, 2006
Sold by
Pearlman David T and Goldstein Herbert A
Bought by
Peargo Llc

Purchase Details

Closed on
Feb 15, 2006
Sold by
Kudzu Rentals Llc
Bought by
Pearlman David T

Purchase Details

Closed on
Feb 9, 2006
Sold by
Pekarek Edward G and Pekarek Edith C
Bought by
Kudzu Rentals Llc

Purchase Details

Closed on
Jun 17, 2004
Sold by
Kudzu Rentals Llc
Bought by
Pekarek Edward G and Pekarek Edith C

Purchase Details

Closed on
Dec 10, 2001
Sold by
Pekarek Edward G Pekarek Edith C
Bought by
Kudzu Rentals Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Scenic Sc Property Llc $2,775,000 None Listed On Document
Scenic Sc Property Llc $2,775,000 None Listed On Document
Johannes Richard N $1,780,000 None Available
Flint Charlote B -- None Available
Flint Michael Joseph $1,720,000 --
Peargo Llc -- None Available
Pearlman David T $2,125,000 None Available
Kudzu Rentals Llc -- None Available
Pekarek Edward G -- --
Kudzu Rentals Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johannes Richard N $1,470,000
Previous Owner Johannes Richard N $1,424,000
Closed Scenic Sc Property Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $2,775,000 0.0% $663 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $2,775,000 +55.9% $663 / Sq Ft
09/01/2020 09/01/20 Sold $1,780,000 0.0% $425 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $1,780,000 -- $425 / 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 $25,932 $112,880 $0 $0
2023 $25,932 $148,500 $0 $0
2022 $35,980 $166,500 $0 $0
2021 $22,877 $106,800 $0 $0
2020 $23,972 $113,520 $0 $0
2019 $22,037 $99,000 $0 $0
2017 $21,960 $103,200 $0 $0
2016 $14,104 $68,820 $0 $0
2015 $13,431 $68,820 $0 $0
2014 $13,599 $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: 21013318

CHS Regional MLS

APN: 571-09-00-105