C
Seller's Agent in 2020
Charles Hamrick
Carolina One Real Estate
(843) 886-8110
3 in this area
23 Total Sales
2603 Palm Blvd Isle of Palms, SC 29451
Estimated Value: $3,645,000 - $3,849,446
5
Beds
6
Baths
4,399
Sq Ft
$862/Sq Ft
Est. Value
Highlights
- Beach Access
- Above Ground Pool
- Traditional Architecture
- Sullivans Island Elementary School Rated A
- Deck
- Wood Flooring
About This Home
As of July 2020Experience island living at its finest at 2603 Palm Boulevard. OCEAN VIEWS, great details and space, and sold fully-furnished! $289,000 reservations 2018-2019. As of 2/1/2020 - $35,000 ahead in booked rentals than the same period last year. Walk to the beach, jump in the pool, relax in the hot tub, take in the views and breezes from the full front porches and rooftop deck, or do them all day or night! Two master bedrooms suites, one on each level, both complete with jacuzzi tubs, separate showers, and walk-in closets. The large living room flows through double mahogany doors to the long front porch with ocean views, and provides access to a side deck with staircase to the top deck with panoramic views of the island. Great value on IOP for less than $2million with established rentals!The Kitchen is open with granite countertops, stainless appliances, large center island with gas cook top, breakfast bar, and glass-front cabinets. There are 4 bedrooms on the first/lower level along with an extra den/game room complete with wet bar and easy access to the pool deck and hot tub. Beach access path is DIRECTLY across the street. Other features include: elevator from garage to both living floors, 2 tankless hot water heaters, lawn irrigation, landscape lighting, a half-bath on each floor for convenience, wired for surround sound and wireless internet, gas line for grilling, outdoor shower, crown molding and woodwork, Australian cypress hardwood floors in living areas, hallways, and bedrooms. New LED lights, new filter and salt system for the pool in 2019. Both HVAC systems including air handlers new in April 2019.
18-person occupancy with parking allowance for 8 cars, and the City of IOP says rental occupancy is transferable to the new owner! 14-person rental projection of $165,000/year is available. This home is about 2 blocks from the Isle of Palms Recreation Center which features indoor and outdoor basketball courts, dog park, tennis, softball and baseball fields, recreational classes, fitness room, and play park. Sold fully-furnished and subject to tenants' rights. *Already completely booked with summer 2020 rentals! Come see 2603 Palm, everything one would want in luxury beach living. *A $6,600 Lender Credit is available and will be applied towards the buyer's closing costs and pre-paids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions.
Last Agent to Sell the Property
Carolina One Real Estate License #51893 Listed on: 05/01/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,504
Year Built
- Built in 2007
Lot Details
- 0.25 Acre Lot
- Level Lot
- Irrigation
Parking
- 4 Car Attached Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Traditional Architecture
- Raised Foundation
- Architectural Shingle Roof
- Cement Siding
Interior Spaces
- 4,399 Sq Ft Home
- 2-Story Property
- Elevator
- Wet Bar
- Central Vacuum
- Tray Ceiling
- Smooth Ceilings
- Ceiling Fan
- Gas Log Fireplace
- Window Treatments
- Entrance Foyer
- Great Room with Fireplace
- Combination Dining and Living Room
- Game Room
Kitchen
- Eat-In Kitchen
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Above Ground Pool
- Beach Access
- Deck
- Front Porch
Schools
- Sullivans Island Elementary School
- Moultrie Middle School
- Wando High School
Utilities
- Central Air
- Heat Pump System
- Septic Tank
Community Details
- Tennis Courts
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2020
Closed on
Jul 25, 2020
Sold by
Box Robert R and Box Diane M
Bought by
Sayl Peninsula Llc
Seller's Agent
Charles Hamrick
Carolina One Real Estate
Buyer's Agent
Anton Roeger
The Boulevard Company
List Price
$1,999,000
Sold Price
$1,850,000
Premium/Discount to List
-$149,000
-7.45%
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
$1,939,862
Avg. Annual Appreciation
12.04%
Original Mortgage
$1,480,000
Outstanding Balance
$1,329,785
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,951,745
Purchase Details
Closed on
Jul 29, 2011
Sold by
Bohannon James Mitchell
Bought by
Box Robert R and Box Diane M
Purchase Details
Closed on
Jun 28, 2007
Sold by
Sfom Llc
Bought by
Bohannon James Mitchell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,250
Interest Rate
6.63%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 22, 2006
Sold by
Bgc Llc
Bought by
Sfom Llc
Purchase Details
Closed on
Jun 13, 2006
Sold by
Causey Marjorie G
Bought by
Bgc Llc
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 |
|---|---|---|---|
| Sayl Peninsula Llc | $1,850,000 | None Available | |
| Box Robert R | $1,300,000 | -- | |
| Bohannon James Mitchell | $2,464,315 | None Available | |
| Sfom Llc | $1,600,000 | None Available | |
| Bgc Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sayl Peninsula Llc | $1,480,000 | |
| Previous Owner | Bohannon James Mitchell | $227,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2020 07/31/20 | Sold | $1,850,000 | -7.5% | $421 / Sq Ft |
| 06/18/2020 06/18/20 | Pending | -- | -- | -- |
| 05/01/2020 05/01/20 | For Sale | $1,999,000 | -- | $454 / 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 |
|---|---|---|---|---|
| 2024 | $25,504 | $111,000 | $0 | $0 |
| 2023 | $25,504 | $111,000 | $0 | $0 |
| 2022 | $24,043 | $111,000 | $0 | $0 |
| 2021 | $23,770 | $111,000 | $0 | $0 |
| 2020 | $19,991 | $94,530 | $0 | $0 |
| 2019 | $18,326 | $82,200 | $0 | $0 |
| 2017 | $17,521 | $82,200 | $0 | $0 |
| 2016 | $16,817 | $82,200 | $0 | $0 |
| 2015 | $16,016 | $82,200 | $0 | $0 |
| 2014 | $14,721 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Anton Roeger
The Boulevard Company
(843) 416-2000
2 in this area
127 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 20011662
APN: 571-09-00-137
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