$1,600,000
SOLD MAR 18, 2016

2402 Palm Blvd Isle of Palms, SC 29451

1.2 Acres
$1,333,333 Price per Acre
52,272 Sq Ft Lot

Recently Sold

$262 Per Sq Ft

9% Below List Price

85 Days on Market

Highlights

  • Beach Front
  • Sullivans Island Elementary School Rated A
  • 1.2 Acre Lot

About This Lot

As of June 2021

Welcome to 2402 Palm Boulevard, a front beach lot, situated on one Isle of Palm's, aligned on both sides with beautiful Palmetto trees. This front beach property, according to a building architect, envelops a building footprint of over 4000 sq.ft., giving an architectural design of 7,000 sq.ft., which would give a prospective owner one of the most unique and well designed beach front properties on the island. One incredible aspect of this property is the beautiful oak, situated in the front center, considered an asset by one Isle of Palms most noted tree arborist. (see notes)

Last Agent to Sell the Property

Betty Gales

EXP Realty LLC License #10722 Listed on: 12/09/2015

EXP Realty LLC

Co-Listed By

Caleb Pearson

EXP Realty LLC License #83101

Last Buyer's Agent

James Miles

AgentOwned Realty Preferred Group License #75303

AgentOwned Realty Preferred Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,567

Year Built

  • 2017

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 75'' x 568''
  • Beach Front
  • Finished Lot(s)

Schools

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

Community Details

  • Isle Of Palms Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$21,567

Year Built

2017

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.2
  • Lot Size: 75'' x 568''
  • Road Frontage Type: City Street
  • Co List Office Mls Id: 9134
  • Co List Office Phone: 843-576-4411
  • Subdivision Name: Isle of Palms
  • Directions: Driving North On Palm Blvd. After 24th Ave. Lot Will Be On Your Right.
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built: 2017

Exterior Features

  • Lot Features: 1 - 2 Acres
  • Waterfront Features: Beach Access, Beach Front
  • Waterfront: Yes

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Water Connected

Schools

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

Lot Info

  • Development Status: Finished Lot(s)
  • Lot Size Sq Ft: 52272
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710900230

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2021
Closed on
May 28, 2021
Sold by
Schwartz Steven Drew and Schwartz Donna Carol
Bought by
Kraeling Brett B and The Brett B Kraeling Revocable
Seller's Agent
James Miles
AgentOwned Realty Preferred Group
Buyer's Agent
Donna Webb
The Boulevard Company
List Price
$7,270,000
Sold Price
$7,270,000
Total Days on Market
85
Current Estimated Value
$7,604,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,802
Avg. Annual Appreciation
1.12%
Original Mortgage
$4,725,500
Outstanding Balance
$4,335,641
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$3,269,161

Purchase Details

Closed on
Jan 4, 2019
Sold by
Keljess Holdings Llc
Bought by
Schwartz Steven Drew and Schwartz Donna Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,999,999
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 29, 2017
Closed on
Nov 17, 2017
Sold by
Schwartz Steven Drew and Schwartz Donna Carol
Bought by
Keljess Holdings Llc
Seller's Agent
Edy Mimms
Charlestowne Real Estate
Buyer's Agent
Sandy Murphy
Wild Dunes Real Estate, LLC
List Price
$5,717,250
Sold Price
$5,717,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%
Original Mortgage
$4,287,937
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 29, 2017
Closed on
Nov 15, 2017
Sold by
Integrity Of South Carolina Llc
Bought by
Schwartz Steven Drew and Schwartz Donna Carol
Seller's Agent
Edy Mimms
Charlestowne Real Estate
Buyer's Agent
Sandy Murphy
Wild Dunes Real Estate, LLC
List Price
$5,717,250
Sold Price
$5,717,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,287,937
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 27, 2016
Sold by
Miles James M
Bought by
Integrity Of South Carolina Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,350,000
Interest Rate
3.59%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 9, 2015
Closed on
Mar 10, 2016
Sold by
Backsplash Inc
Bought by
Miles James M
Seller's Agent
Betty Gales
EXP Realty LLC
Buyer's Agent
James Miles
AgentOwned Realty Preferred Group
List Price
$1,750,000
Sold Price
$1,600,000
Premium/Discount to List
-$150,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.38%
Original Mortgage
$1,550,000
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2008
Sold by
Mamaroneck Beach Homes Llc
Bought by
Backsplash Inc
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
Deed $7,270,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Deed $5,717,250 None Available
Deed -- --
Deed $1,600,000 --
Deed $5,206,250 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,725,500 New Conventional
Previous Owner $2,500,000 New Conventional
Previous Owner $1,999,999 Adjustable Rate Mortgage/ARM
Previous Owner $4,287,937 Adjustable Rate Mortgage/ARM
Previous Owner $3,350,000 Construction
Previous Owner $1,550,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $7,270,000 0.0% $1,192 / Sq Ft
05/15/2021 05/15/21 For Sale $7,270,000 +27.2% $1,192 / Sq Ft
11/15/2017 11/15/17 Sold $5,717,250 0.0% $937 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $5,717,250 +257.3% $937 / Sq Ft
03/18/2016 03/18/16 Sold $1,600,000 -8.6% $262 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
12/09/2015 12/09/15 For Sale $1,750,000 -- $287 / 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 $21,567 $290,800 $0 $0
2022 $21,734 $290,800 $0 $0
2021 $76,005 $237,800 $0 $0
2020 $74,959 $356,700 $0 $0
2019 $75,933 $343,020 $0 $0
2017 $20,315 $96,000 $0 $0
2016 $16,451 $81,000 $0 $0
2015 $15,667 $81,000 $0 $0
2014 $17,409 $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: 15030480

CHS Regional MLS

APN: 571-09-00-230