2602 Palm Blvd Isle of Palms, SC 29451
Estimated Value: $5,005,000 - $8,688,000
6
Beds
6.5
Baths
4,523
Sq Ft
$1,425/Sq Ft
Est. Value
Highlights
- Beach Front
- Home Theater
- Deck
- Sullivans Island Elementary School Rated A
- 1.1 Acre Lot
- Traditional Architecture
About This Home
As of May 2018Fantastic opportunity to own a custom built and recently updated oceanfront home quietly nestled among beautiful live oaks on Palm Boulevard. Sited on a 1.1-acre ocean front lot and offering 6 bedrooms and 6 1/2 bathrooms with approximately 4500 square feet of indoor living space, this unique beachfront property provides a well-manicured backyard, its own private boardwalk to the beach and a covered outdoor porch with kitchen featuring fantastic views of the ocean. Complementing the incredible outdoor space is a well flowing open first floor plan which provides an entry foyer, family living room with built in cabinets, dining and kitchen rooms along with an office space, pantry and laundry room.The spacious and well-appointed chef's kitchen offers custom cabinetry, matching refrigerator panels, stone countertops, double ovens, and a 6-burner gas stove. The large kitchen island with a suspended, tabletop extension creates a very comfortable gathering space for friends and family. There are 2 guest rooms with ensuite bathrooms on the first floor. There are 4 bedrooms with 4 ensuite bathrooms on the 2nd floor, including the master bedroom which is located on the ocean-side of the home. The master bathroom offers his-and-hers sinks with upgraded stone and tile. A new audio/visual Sonos system was recently installed along with many high definition TV throughout the house. There is also an upstairs media room which could be used as a game room or recreational room. Mahogany doors, 2 Rinnai systems, hurricane rated windows, newly finished hardwood floors, and new shingles are other notable features. This home was recently updated by Phillip Smith Construction and a list of upgrades can be found in the MLS documents. 2602 Palm Boulevard has never been on a rental program and is in mint condition. This home is being offered fully furnished and is ready for the next owner to enjoy. If you are looking for a turnkey oceanfront home, do not miss seeing this house!
Last Agent to Sell the Property
Daniel Ravenel Sotheby's International Realty License #25247 Listed on: 05/03/2017
Last Buyer's Agent
Daniel Ravenel Sotheby's International Realty License #25247 Listed on: 05/03/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $58,986
Year Built
- Built in 2000
Lot Details
- 1.1 Acre Lot
- Beach Front
- Irrigation
Parking
- 2 Car Garage
Home Design
- Traditional Architecture
- Raised Foundation
- Cement Siding
Interior Spaces
- 4,523 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Window Treatments
- Entrance Foyer
- Great Room
- Family Room
- Combination Dining and Living Room
- Home Theater
- Home Office
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Laundry Room
- Washer
Home Security
- Home Security System
- Storm Windows
Outdoor Features
- Deck
- Front Porch
Schools
- Sullivans Island Elementary School
- Laing Middle School
- Wando High School
Utilities
- Cooling Available
- No Heating
- Private Water Source
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2017
Closed on
May 10, 2018
Sold by
Peters Scott D and Peters Lisa M
Bought by
Yates Carolyn H and Carolyn H Yates Revocable Trust
Seller's Agent
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
Buyer's Agent
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
List Price
$4,300,000
Sold Price
$4,300,000
Total Days on Market
340
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,144,485
Avg. Annual Appreciation
2.85%
Purchase Details
Listed on
Dec 15, 2015
Closed on
Feb 8, 2016
Sold by
Solso Theodore M and Helms Whitney
Bought by
Peters Scott D and Peters Lisa M
Seller's Agent
Bill Barnhill
The Boulevard Company
Buyer's Agent
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
List Price
$3,800,000
Sold Price
$3,800,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$1,900,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Dec 15, 2015
Closed on
Feb 1, 2016
Sold by
Solso Theodore M
Bought by
Solso Theodore M
Seller's Agent
Bill Barnhill
The Boulevard Company
Buyer's Agent
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
List Price
$3,800,000
Sold Price
$3,800,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 26, 2001
Sold by
Solso Theodore M and Solso Denise L
Bought by
Solso Whitney Leigh
Purchase Details
Closed on
Oct 28, 1999
Sold by
Hopper Thomas H and Hopper Janet E
Bought by
Cousins Of East Cooper Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,660,000
Interest Rate
9.25%
Mortgage Type
Construction
Similar Homes in Isle of Palms, SC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yates Carolyn H | $4,300,000 | None Available | |
| Peters Scott D | $3,800,000 | -- | |
| Solso Theodore M | -- | -- | |
| Solso Whitney Leigh | -- | -- | |
| Cousins Of East Cooper Llc | $1,050,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Solso Theodore M | $1,900,000 | |
| Previous Owner | Cousins Of East Cooper Llc | $1,660,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/11/2018 05/11/18 | Sold | $4,300,000 | 0.0% | $951 / Sq Ft |
| 04/11/2018 04/11/18 | Pending | -- | -- | -- |
| 05/03/2017 05/03/17 | For Sale | $4,300,000 | +13.2% | $951 / Sq Ft |
| 02/10/2016 02/10/16 | Sold | $3,800,000 | 0.0% | $840 / Sq Ft |
| 01/11/2016 01/11/16 | Pending | -- | -- | -- |
| 12/15/2015 12/15/15 | For Sale | $3,800,000 | -- | $840 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $58,986 | $258,000 | $0 | $0 |
| 2022 | $55,658 | $258,000 | $0 | $0 |
| 2021 | $55,022 | $258,000 | $0 | $0 |
| 2020 | $54,265 | $258,000 | $0 | $0 |
| 2019 | $57,155 | $258,000 | $0 | $0 |
| 2017 | $38,637 | $182,100 | $0 | $0 |
| 2016 | $37,077 | $182,100 | $0 | $0 |
| 2015 | $35,317 | $182,100 | $0 | $0 |
| 2014 | $30,878 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Middleton Rutledge
M
Seller's Agent in 2018
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
(843) 345-9137
1 in this area
61 Total Sales
-
Bill Barnhill
Seller's Agent in 2016
Bill Barnhill
The Boulevard Company
(843) 364-6903
10 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 17012416
APN: 571-09-00-213
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