$3,800,000
SOLD FEB 10, 2016

2602 Palm Blvd Isle of Palms, SC 29451

6 Beds
6.5 Baths
4,523 Sq Ft
1.1 Acres

Recently Sold

$840 Per Sq Ft

27 Days on Market

Highlights

  • Beach Front
  • 1.1 Acre Lot
  • Traditional Architecture
  • Sullivans Island Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of May 2018

Nestled among the majestic live oaks along Palm Boulevard, this magnificent oceanfront home celebrates everything that is exquisite about island living. This 6 bedroom, 6 1/2 bath home (with 2 bedrooms and 2.5 baths on the main floor) has been meticulously cared for and recently extensively renovated. The attention to detail and craftsmanship is evident throughout. There has only been one owner and the property has never been on a vacation rental program.this incredible home looks like new!The open first floor includes beautiful hardwood floors, an entry, highlighting the two-story, cable railed stairway, and a family room with custom built-ins. The spacious and well appointed,gourmet kitchen includes custom cabinetry, matching refrigerator panels, marble countertops, double ovens, and a 6-burner gas stove. The large kitchen island with a suspended, tabletop extension creates an incredible gathering spot for friends and family. Adjacent to the kitchen is a walk-in pantry, office nook, laundry room and an abundance of storage. An eating area, with seating for 10, completes this gourmet retreat.
This home takes full advantage of its stunning surroundings and provides an inviting setting for entertaining. Views from the family room and the second floor owner's retreat overlook the beautifully landscaped lot and private boardwalk leading out to the Atlantic Ocean. The covered porch, with built in space heaters, and outdoor kitchen provide over 1,000 square feet of outdoor living and fantastic entertainment space. Furnishings are being sold with this property except for a few personal items. If you are looking for the perfect oceanfront home, this one is definitely a must see!

Last Agent to Sell the Property

Bill Barnhill

The Boulevard Company License #53587 Listed on: 12/15/2015

The Boulevard Company

Last Buyer's Agent

Middleton Rutledge

Daniel Ravenel Sotheby's International Realty License #25247

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,986

Year Built

  • Built in 2000

Lot Details

  • 1.1 Acre Lot
  • Beach Front

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 4,523 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Family Room
  • Home Security System
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck
  • Patio
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,986

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 2000
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 1.1
  • Subdivision Name: None
  • Directions: Isle Of Palms Connector To Isle Of Palms. Take A Left Onto Palm Blvd....house Will Be On The Right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Entrance Foyer, Pantry
  • Master Bedroom Features: Ceiling Fan(s), Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Architectural
  • Lot Features: 1 - 2 Acres
  • Waterfront Features: Beach Front
  • Waterfront: Yes
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, Patio, Front Porch, Porch - Full Front
  • Property Condition: Pre-Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No
  • Parking Features: 2 Car Garage, Attached
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Dryer Connection, Laundry Room
  • Security: Security System
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Utilities: IOP W/S Comm, SCE & G
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 47916
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710900176

Multi Family

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
Current Estimated Value
$6,280,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,980,890
Avg. Annual Appreciation
4.32%

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
Source: Public Records

Range of Values:

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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 $4,300,000 None Available
Deed $3,800,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Deed $1,050,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,900,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,660,000 Construction
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

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 $58,986 $258,000 $0 $0
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

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Map

Source: CHS Regional MLS

MLS Number: 15030946

CHS Regional MLS

APN: 571-09-00-213