NOT LISTED FOR SALE

Estimated Value: $1,526,000 - $1,810,000

6 Beds
4 Baths
2,100 Sq Ft
$802/Sq Ft Est. Value

Last Sold January 25, 2024

Last sale price $1,600,000 $762 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,689/month

13 Days on Market

Highlights

  • Marina
  • Park
  • Ceiling Fan
  • Sullivans Island Elementary School Rated A
  • Property is near a bus stop
  • 3-minute walk to Isle of Palms Recreation Center

About This Home

As of January 2024

The epitome of coastal living!! This duplex in Isle of Palms is just steps away from the pristine sandy shores where residents will relish unparalleled access to the beach, promising the ultimate seaside experience. The property comprises two units, both featuring three bedrooms, 1 1/2 baths, open-plan living and dining areas, well-appointed eat-in kitchens, and screened in porches, each spanning approximately 1,100 sq ft. With mature live oaks and palms gracing the landscape, the ambiance is both inviting and picturesque. Currently serving as income-generating short-term rentals on Airbnb, this duplex stands as a potential investment. The allure extends beyond the beach, as the location is strategically positioned just two blocks from the Isle of Palms Recreation Department,offering tennis courts and a playground for recreational pursuits.

Additionally, the large back deck provides a serene outdoor space for relaxation. Notably, Beach Access (#28) is conveniently situated across the street, providing residents with seamless access to the sun, sand, and sea. Whether it's a morning stroll along the shoreline or a relaxing day under the sun, this prime location ensures that the beach becomes an integral part of your daily routine.

This residence not only embodies a comfortable and stylish home but also encapsulates the essence of coastal living. Seize the opportunity to make this Isle of Palms gem your own and indulge in the unique charm of beachside living.

This property is located just steps away from the beach at Access Station #28, 1 mile from restaurants, the county park and Harris Teeter, 5.5 miles from shopping at Mt Pleasant Town Centre, 13.5 miles from the heart of downtown Charleston, and 21 miles from Charleston International Airport.

Last Agent to Sell the Property

Susanna Lee

Matt O'Neill Real Estate License #109053 Listed on: 12/01/2023

Last Buyer's Agent

Andrea Thomas

Wild Dunes Real Estate, LLC License #117227

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,999

Year Built

  • Built in 1980

Lot Details

  • 8,712

Parking

  • Open Parking

Home Design

  • Duplex
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 6 Bedrooms
  • 2,100 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Electric Range
  • Dishwasher

Schools

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

Utilities

  • No Cooling
  • No Heating

Additional Features

  • 8,712 Sq Ft Lot
  • Property is near a bus stop

Community Details

Overview

  • 2 Units
  • Isle Of Palms Subdivision

Recreation

  • Marina
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,999

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1980
  • Lot Size Acres: 0.2
  • Subdivision Name: Isle of Palms
  • Directions: Take Palm Blvd. North To 28th Ave. Turn Left, House Is First On Left.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Range
  • Total Bedrooms: 6
  • Entry Location: Ground Level
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Other (Use Remarks)

Utilities

  • Laundry Features: Washer Hookup
  • Cooling Y N: No
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Bus Line, Marina, Park

Schools

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

Lot Info

  • Lot Size Sq Ft: 8712
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710900144

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Jan 25, 2024
Sold by
Metts Verdie Muriel
Bought by
Coleman Coastal Llc
Seller's Agent
Susanna Lee
Matt O'Neill Real Estate
Buyer's Agent
Andrea Thomas
Wild Dunes Real Estate, LLC
List Price
$1,725,000
Sold Price
$1,600,000
Premium/Discount to List
-$125,000
-7.25%
Total Days on Market
13
Current Estimated Value
$1,684,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,326
Avg. Annual Appreciation
3.76%
Original Mortgage
$1,439,840
Interest Rate
5.5%
Mortgage Type
New Conventional
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
Coleman Coastal Llc $1,600,000 South Carolina Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coleman Coastal Llc $2,812,500
Closed Coleman Coastal Llc $1,439,840
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2024 01/25/24 Sold $1,600,000 -7.2% $762 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $1,725,000 -- $821 / 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
2023 $8,999 $38,270 $0 $0
2022 $8,443 $38,270 $0 $0
2021 $8,348 $38,270 $0 $0
2020 $8,236 $38,270 $0 $0
2019 $7,560 $33,270 $0 $0
2017 $7,220 $33,270 $0 $0
2016 $6,935 $33,270 $0 $0
2015 $6,604 $33,270 $0 $0
2014 $6,841 $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: 25000176

CHS Regional MLS

APN: 571-09-00-144