NOT LISTED FOR SALE

31 Palisade Ln Unit (Lot 104) Saint Simons Island, GA 31522

Estimated Value: $3,864,000 - $4,654,000

3.19 Acres
$1,326,799 Price per Acre
138,956 Sq Ft Lot

Last Sold April 09, 2021

Last sale price $510,000

Est. 730% increase in value since last sale

Current estimated payment $25,099/month

82 Days on Market

Highlights

  • Docks
  • Gated Community
  • Waterfront
  • Oglethorpe Point Elementary School Rated A
  • Lake View
  • Private Membership Available

About This Lot

As of April 2021

Panoramic lake views on over 3 acres located on beautiful Palisade Lane in Frederica. This compound setting is adjacent to all the Frederica Golf Club amenities while affording wonderful privacy and large tree canopy. Southwest exposure and big lake vistas allow for expansive views down several fingers of Frederica Lake. This setting is a unique opportunity.

Last Agent to Sell the Property

Angela Suzanne Harrison

Frederica Realty License #345567 Listed on: 12/17/2020

Last Buyer's Agent

Thomas Elsberry

Frederica Realty License #11810

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $28,569

Lot Details

  • 3.19 Acre Lot
  • Waterfront
  • Property fronts a freeway
  • Cul-De-Sac
  • Zoning described as Res Single

HOA Fees

  • $367 Monthly HOA Fees

Schools

  • Oglethorpe Elementary School
  • Glynn Middle School
  • Glynn Academy High School

Additional Features

  • Lake Views
  • Grinder Pump

Listing and Financial Details

  • Assessor Parcel Number 04-12461

Community Details

Overview

  • Private Membership Available
  • Frederica Township Association, Phone Number (912) 694-1500
  • Secondary HOA Phone (912) 694-1500
  • Frederica Golf Club Subdivision

Security

  • Security Service
  • Gated Community

Recreation

  • Docks

Property Details

Property Type

Land

Est. Annual Taxes

$28,569

Lot Details

0

HOA Fees

$367 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 3.19
  • Lot Size: 0,0,0,0
  • Road Frontage Type: Freeway
  • Road Surface Type: Paved
  • Subdivision Name: Frederica Golf Club
  • Directions: Access to Frederica is arranged through the Frederica Real Estate office: take Frederica Road North to the roundabout and take the first right turn onto Lawrence Road. You will see the Frederica Stables on your left. Take the first left hand turn and the Real Estate office is located on the stables property. This home site is located on Palisades Lane.
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: 1 to 5 Acres, Cul-De-Sac
  • View: Lake
  • View: Yes
  • Waterfront Features: Dock Access, Lake
  • Waterfront: Yes
  • Disclosures: Covenants/Restrictions Disclosure
  • Exterior Features: Dock

Utilities

  • Security: Gated Community, Security Service
  • Sewer: Grinder Pump, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated
  • Amenities: Gated, Private Membership
  • Association #2 Fee Frequency: Annually
  • Association Fee: 4400.0
  • Association Fee Frequency: Annually
  • Association Name: Frederica Township Association
  • Association Phone #2: 912-694-1500
  • Phone: 912-694-1500
  • Association: Yes

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Oglethorpe
  • High School: Glynn Academy
  • Middle Or Junior School: Glynn Middle

Lot Info

  • Parcel #: 04-12461
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2024
Sold by
Burrows Family Trust
Bought by
Loretta S Patterson Trust and Patterson Loretta S Trust
Current Estimated Value
$4,232,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,115,000
Outstanding Balance
$3,095,118
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
-$722,047

Purchase Details

Listed on
Dec 17, 2020
Closed on
Apr 9, 2021
Sold by
Rogers Joe W
Bought by
Burrows Gregory J and Burrows Family Trust
Seller's Agent
Angela Suzanne Harrison
Frederica Realty
Buyer's Agent
Thomas Elsberry
Frederica Realty
List Price
$545,000
Sold Price
$510,000
Premium/Discount to List
-$35,000
-6.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.05%

Purchase Details

Closed on
Oct 9, 2008
Sold by
The Jwr Jr Fam Trust
Bought by
Rogers Joe W

Purchase Details

Closed on
Aug 26, 2008
Sold by
Rogers Investment Partners
Bought by
The Jwr Fam Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Loretta S Patterson Trust $4,450,000 --
Burrows Gregory J $510,000 --
Rogers Joe W -- --
The Jwr Fam Trust -- --
Rogers Joe W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loretta S Patterson Trust $3,115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $510,000 -6.4% --
03/10/2021 03/10/21 Pending -- -- --
12/17/2020 12/17/20 For Sale $545,000 -- --
Source: Golden Isles Association of REALTORS®

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 $28,569 $1,139,160 $180,000 $959,160
2023 $18,591 $751,440 $180,000 $571,440
2022 $5,279 $210,480 $182,000 $28,480
2021 $4,034 $156,000 $156,000 $0
2020 $2,611 $100,000 $100,000 $0
2019 $3,655 $140,000 $140,000 $0
2018 $4,700 $180,000 $180,000 $0
2017 $4,700 $180,000 $180,000 $0
2016 $4,320 $180,000 $180,000 $0
2015 $4,097 $180,000 $180,000 $0
2014 $4,097 $170,000 $170,000 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Buyer's Agent in 2021

    Thomas Elsberry

    Frederica Realty

    (404) 213-7665

    78 Total Sales

    Thomas Elsberry
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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1623515

Golden Isles Association of REALTORS®

APN: 04-12461

Georgia Glynn County Saint Simons Island 31522

31 Palisade Ln Unit (Lot 104), Saint Simons Island, GA

This home is located at 31 Palisade Ln Unit (Lot 104), Saint Simons Island, GA 31522 since 17 December 2020 and is currently estimated at $4,232,489. 31 Palisade Ln Unit (Lot 104) is a home located in Glynn County with nearby schools including Oglethorpe Point Elementary School, Glynn Middle School, and Glynn Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Golden Isles Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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