NOT LISTED FOR SALE

2701 Palm Blvd Isle of Palms, SC 29451

Estimated Value: $3,190,971 - $3,866,000

6 Beds
4.5 Baths
3,446 Sq Ft
$1,016/Sq Ft Est. Value

Last Sold January 20, 2018

Last sale price $1,611,000 $467 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $21,182/month

19 Days on Market

Highlights

  • Beach Access
  • In Ground Pool
  • High Ceiling
  • Sullivans Island Elementary School Rated A
  • Traditional Architecture
  • Great Room

About This Home

As of January 2018

Vacation is all about Location. This is the perfect spot right across from one of the best beach paths on the Isle of Palms. Take a look at this quintessential beach house, offering great views, live oak trees & ocean breezes. This home, with its reverse floor plan has six bedrooms for family and guests, a large great room for dining & family gatherings on the top floor. Gourmet kitchen is open to living area, and features granite counters, stainless appliances and a bar area with seating. This property boasts the features one would expect for easy living; ample parking with under house, driveway and circular drive, as well as an elevator, extensive landscape lighting, and irrigation. The back yard oasis includes a pool with spa, putting green, outdoor shower, and low maintenance turf.for year round enjoyment. Multiple porches for entertaining and catching the sea breeze. Convenient to shopping, dining and more. Home is currently on a Vacation Rental Program with great rental history and comes fully furnished. Perfect home for a full time residence, great beach getaway, or second home.

Last Agent to Sell the Property

Debra Whitfield

Coldwell Banker Realty License #45134 Listed on: 11/30/2017

Coldwell Banker Realty

Last Buyer's Agent

Timothy Rogers

The Peninsula Company, LLC License #24879

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,238

Year Built

  • Built in 2003

Lot Details

  • 0.25 Acre Lot
  • Privacy Fence
  • Well Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 3,446 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Thermal Windows
  • Window Treatments
  • Insulated Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Combination Dining and Living Room
  • Utility Room

Kitchen

  • Built-In Electric Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Screened Patio
  • Exterior Lighting
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,238

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 2003
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.25
  • Co List Office Mls Id: 7834
  • Co List Office Phone: 843-856-8800
  • Ownership: Fee Simple
  • Subdivision Name: None
  • Directions: From Isle Of Palms Connector Turn Left At Light And Follow Palm Boulevard. 2701 Is On The Left Corner Of 27th Street.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Electric Oven, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Other Equipment: Irrigation Equipment
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Gas Log
  • Fireplace: Yes
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Central Vacuum, Entrance Foyer, Great, Living/Dining Combo, Pantry, Utility
  • Window Features: Thermal Windows/Doors, Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Garden Tub/Shower, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Architectural
  • Fencing: Privacy
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: Beach Access
  • Construction Type: Cement Siding
  • Exterior Features: Lawn Irrigation, Lawn Well, Lighting
  • Foundation Details: Raised
  • Patio And Porch Features: Front Porch, Porch - Full Front, Screened
  • 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, Off Street, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: IOP W/S Comm, SCE & G
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710900148

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2017
Closed on
Jan 17, 2018
Sold by
Wiegand Richard C and Wiegand Robert L
Bought by
2701 Palm Llc
Seller's Agent
Debra Whitfield
Coldwell Banker Realty
Buyer's Agent
Timothy Rogers
The Peninsula Company, LLC
List Price
$1,611,000
Sold Price
$1,611,000
Current Estimated Value
$3,499,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,888,743
Avg. Annual Appreciation
11.15%
Original Mortgage
$1,288,800
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 1, 2014
Sold by
Merritt Percy D and Merritt Sharon P
Bought by
Wiegand Richard C and Wiegand Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,067,850
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2002
Sold by
Merritt Randy
Bought by
Merritt Percy D and Merritt Sharon P

Purchase Details

Closed on
Apr 4, 2002
Sold by
Isle Of Palms Land Development Llc
Bought by
Merritt Randy

Purchase Details

Closed on
Mar 26, 2001
Sold by
Cothran Family Ltd Partnership
Bought by
Isle Of Palms Land Development Llc

Purchase Details

Closed on
Nov 12, 2000
Sold by
Cothran Samuel A and Cothran Nona C
Bought by
Cothran Family Ltd Partnership
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
2701 Palm Llc $1,611,000 None Available
Wiegand Richard C $1,525,500 --
Merritt Percy D -- --
Merritt Randy $670,000 --
Isle Of Palms Land Development Llc $575,000 --
Cothran Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2701 Palm Llc $1,650,000
Closed 2701 Palm Llc $1,288,800
Previous Owner Wiegand Richard C $1,067,850
Previous Owner Merritt Percy Durant $517,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2018 01/20/18 Sold $1,611,000 0.0% $467 / Sq Ft
12/21/2017 12/21/17 Pending -- -- --
11/30/2017 11/30/17 For Sale $1,611,000 -- $467 / 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 $22,238 $96,660 $0 $0
2023 $22,238 $96,660 $0 $0
2022 $20,959 $96,660 $0 $0
2021 $20,721 $96,660 $0 $0
2020 $20,437 $96,660 $0 $0
2019 $20,394 $91,560 $0 $0
2017 $19,500 $91,560 $0 $0
2016 $18,715 $91,560 $0 $0
2015 $17,824 $91,560 $0 $0
2014 $15,338 $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: 17031750

CHS Regional MLS

APN: 571-09-00-148