NOT LISTED FOR SALE

2408 Palm Blvd Isle of Palms, SC 29451

Estimated Value: $5,515,142 - $6,377,000

6 Beds
6.5 Baths
3,576 Sq Ft
$1,675/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $5,700,000 $1,594 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $37,970/month

99 Days on Market

Highlights

  • Beach Front
  • Marina
  • Two Primary Bedrooms
  • Sullivans Island Elementary School Rated A
  • In Ground Pool
  • 1.23 Acre Lot

About This Home

As of January 2023

DIRECT BEACH FRONT HOME ON ISLE OF PALMS BEACH IN CHARLESTON, SC. Surrounded by old southern oak trees for added shade while enjoying the ocean breeze. Home was fully updated in 2011 and square footage added, larger than tax records. This home has a successful vacation rental record or could be an amazing permanent resident/second home.Showings are limited due to the successful vacation rental schedule, please give as much notice as possible.Home is being sold furnished (excluding personal items) also with appliances and window treatments.2408 Palm truly represents the South Carolina coastal lifestyle with the large shaded porches, outdoor living area, pool and charm.Rental license allows up to 14 guests.See 2022 rental income and expenses in docs. VIRTUAL TOUR AVAILABLE

Last Agent to Sell the Property

Joanne Grimshaw

AgentOwned Realty Preferred Group License #83837 Listed on: 08/16/2022

Last Buyer's Agent

Amy Rogers

Crown Coast Properties License #94339

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,644

Year Built

  • Built in 1983

Lot Details

  • 1.23 Acre Lot
  • Beach Front
  • Wood Fence

Parking

  • 3 Car Garage
  • Carport

Home Design

  • Contemporary Architecture
  • Raised Foundation

Interior Spaces

  • 3,576 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Stubbed Gas Line For Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Exterior Basement Entry

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony
  • Covered patio or porch

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Community Details

Amenities

  • Community Storage Space

Recreation

  • Marina
  • Golf Course Membership Available
  • Tennis Courts
  • Community Pool
  • Park
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,644

Year Built

Built in 1983

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Contemporary
  • Year Built: 1983
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 1.23
  • Subdivision Name: None
  • Directions: Turn Left From The Iop Connector On Palm Blvd. Home Is Located At 25th Ave And Palm Blvd
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Gas Connection, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Entrance Foyer, Living/Dining Combo, Pantry, Sun
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Dual Masters, Outside Access, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Fencing: Fence - Wooden Enclosed
  • Lot Features: 1 - 2 Acres
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: Beach Front
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Foundation Details: Raised
  • Patio And Porch Features: Covered, Front Porch
  • Property Condition: Pre-Owned

Garage/Parking

  • Carport Spaces: 5
  • Covered Parking Spaces: 8
  • Garage Spaces: 3
  • Open Parking: No
  • Parking Features: 3 Car Garage, 5 Car Carport
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: IOP W/S Comm

Condo/Co-op/Association

  • Community Features: Dog Park, Golf Membership Available, Marina, Park, Pool, Storage, Tennis Court(s)

Schools

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

Lot Info

  • Lot Size Sq Ft: 53578.799999
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710900171

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2022
Closed on
Jan 3, 2023
Sold by
Grimes John A
Bought by
Crossroads Convenience Llc
Seller's Agent
Joanne Grimshaw
AgentOwned Realty Preferred Group
Buyer's Agent
Amy Rogers
Crown Coast Properties
List Price
$6,420,000
Sold Price
$5,700,000
Premium/Discount to List
-$720,000
-11.21%
Views
86
Current Estimated Value
$5,990,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,047
Avg. Annual Appreciation
-3.14%

Purchase Details

Closed on
Feb 17, 2011
Sold by
Mccants S Thomas
Bought by
Grimes John A and Grimes Amanda Z

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
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 19, 2005
Sold by
Paul K Moore & Associates Inc
Bought by
Mccants S Thomas

Purchase Details

Closed on
Jun 2, 2005
Sold by
Whatley Paul D and Whatley Kea S
Bought by
Paul K Moore & Associates Inc

Purchase Details

Closed on
Jan 4, 2005
Sold by
Hanlin Robert L and Hanlin Lynn S
Bought by
Whatley Paul D and Whatley Kea S

Purchase Details

Closed on
Oct 10, 2003
Sold by
Hanlin Robert L
Bought by
Hanlin Robert L and Hanlin Lynn S
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
Crossroads Convenience Llc $5,700,000 --
Grimes John A $1,620,000 --
Mccants S Thomas -- --
Paul K Moore & Associates Inc $2,350,000 --
Whatley Paul D $1,875,000 --
Hanlin Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grimes John A $689,000
Previous Owner Grimes John A $500,000
Previous Owner Grimes John A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Sold $5,700,000 -11.2% $1,594 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
08/16/2022 08/16/22 For Sale $6,420,000 -- $1,795 / 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 $58,644 $256,500 $0 $0
2023 $58,644 $113,850 $0 $0
2022 $24,656 $113,850 $0 $0
2021 $24,376 $113,850 $0 $0
2020 $24,042 $113,850 $0 $0
2019 $22,037 $99,000 $0 $0
2017 $21,072 $99,000 $0 $0
2016 $20,224 $99,000 $0 $0
2015 $19,262 $99,000 $0 $0
2014 $19,882 $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: 22021867

CHS Regional MLS

APN: 571-09-00-171