$3,650,000
SOLD OCT 31, 2024

233 Sea Island Lake Cottages Dr Saint Simons Island, GA 31522

Sea Island Neighborhood
5 Beds
6 Baths
4,233 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$862 Per Sq Ft

Highlights

  • No HOA
  • Screened Porch
  • Views
  • Oglethorpe Point Elementary School Rated A
  • Community Pool
  • Heating System Uses Gas

About This Home

As of October 2024

This marshfront Lake Cottage has it all-large master, study, summer porch with grill, gourmet kitchen, and all within the gated confines of the Sea Island Lake Cottages. Convenient to Sea Island and St. Simons Island, this cottage is move-in ready.

Last Agent to Sell the Property

Patrick Dunn

Sea Island Properties License #295702 Listed on: 09/30/2024

Last Buyer's Agent

Laura Peebles

Sea Island Properties License #328383

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,469

Year Built

  • Built in 2002

Lot Details

  • Property fronts a freeway

Home Design

  • Exterior Columns
  • Block Foundation
  • Concrete Siding
  • Block Exterior
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,233 Sq Ft Home
  • Screened Porch
  • Property Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Heating System Uses Gas
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11403

Community Details

Overview

  • No Home Owners Association
  • Sea Island Lake Cottages Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,469

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Lot Size: 0,0,0,0
  • Road Frontage Type: Freeway
  • Road Surface Type: Paved
  • Subdivision Name: Sea Island Lake Cottages
  • Directions: Enter Sea Island Lake Cottages from Sea Island Road - past gate turn left and 233 Sea Island Lake Cottages Drive is the 6th town home on the left - call Listing Agent for access.
  • Architectural Style: Spanish
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Year Built: 2002
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 0

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace: No
  • Living Area: 4233.0

Exterior Features

  • Lot Features: Flood Zone
  • Pool Features: Association
  • View: Marsh View
  • View: Yes
  • Waterfront: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Home Warranty: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Columns
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Porch, Screened

Utilities

  • Heating: Gas
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Sewer Connected

Condo/Co-op/Association

  • Amenities: Pool
  • Association: No

Lot Info

  • Parcel #: 04-11403
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Oct 31, 2024
Sold by
Wiley Tom
Bought by
Goldman Michael and Wilkens Jill
Seller's Agent
Patrick Dunn
Sea Island Properties
Buyer's Agent
Laura Peebles
Sea Island Properties
List Price
$3,650,000
Sold Price
$3,650,000
Views
1
Current Estimated Value
$2,952,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$697,142
Avg. Annual Appreciation
1.16%
Original Mortgage
$1,250,000
Outstanding Balance
$1,243,857
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$2,432,677

Purchase Details

Listed on
Jul 25, 2018
Closed on
Jul 31, 2020
Sold by
George Kelly Hancock Irrev Tr
Bought by
Wiley Tom
Seller's Agent
Al Brown, Jr.
Al Brown Company
Buyer's Agent
Patrick Dunn
Sea Island Properties
List Price
$2,200,000
Sold Price
$1,825,000
Premium/Discount to List
-$375,000
-17.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.71%

Purchase Details

Closed on
Dec 20, 2012
Sold by
Hancock David C
Bought by
Codell Holly Hancock

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
2.75%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $3,650,000 --
Warranty Deed $1,825,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,250,000 New Conventional
Previous Owner $417,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $3,650,000 -3.8% $862 / Sq Ft
10/01/2024 10/01/24 Price Changed $3,795,000 +4.0% $897 / Sq Ft
09/30/2024 09/30/24 For Sale $3,650,000 +100.0% $862 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
07/31/2020 07/31/20 Sold $1,825,000 -17.0% $408 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
07/25/2018 07/25/18 For Sale $2,200,000 -- $492 / Sq Ft
Source: Golden Isles Association of REALTORS®

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 $24,469 $975,680 $350,000 $625,680
2023 $24,101 $975,680 $350,000 $625,680
2022 $19,077 $755,680 $130,000 $625,680
2021 $16,595 $636,880 $130,000 $506,880
2020 $14,048 $533,240 $130,000 $403,240
2019 $14,048 $533,240 $130,000 $403,240
2018 $14,048 $533,240 $130,000 $403,240
2017 $14,051 $533,360 $130,000 $403,360
2016 $17,380 $718,960 $234,600 $484,360
2015 $17,461 $719,320 $234,600 $484,720
2014 $17,461 $719,320 $234,600 $484,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1649445

Golden Isles Association of REALTORS®

APN: 04-11403