3505 Palm Blvd Isle of Palms, SC 29451
Estimated Value: $2,062,701 - $2,869,000
5
Beds
3
Baths
2,496
Sq Ft
$1,009/Sq Ft
Est. Value
Highlights
- Marina
- Boat Ramp
- Fireplace in Bedroom
- Sullivans Island Elementary School Rated A
- Beach Access
- Deck
About This Home
As of May 20163505 Palm Blvd. is a classic second row beach house on the Isle of Palms that's ideal for permanent residency or rental income generation. The house has a great rental history averaging about $92K per year over the last four years, including $97K in 2015, despite several weeks of personal use per year. The home has a comfortable, open layout with 5 bedrooms, 3 full baths, a large kitchen with two ovens, a large front porch and two sided deck, two refrigerators and a beach access path directly across the street. The home has been very well maintained. Recent additions include new granite counter tops in the kitchen and master bathroom, a new stainless steel refrigerator and dishwasher, and a new washer, dryer and second refrigerator downstairs. Other updates made in the last few years include a new heat pump and air handler covered by a 10 year parts and labor warranty and a new kitchen stove. The open backyard is suitable for the addition of an in-ground pool. The comfortable layout and close proximity to the beach make 3505 Palm Blvd. an ideal residence or perfect rental investment opportunity.
Last Agent to Sell the Property
East Islands Real Estate License #13214 Listed on: 02/17/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,584
Year Built
- Built in 1973
Lot Details
- 0.25
Parking
- 1 Car Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Traditional Architecture
- Slab Foundation
- Asphalt Roof
- Cement Siding
- Masonry
Interior Spaces
- 2,496 Sq Ft Home
- 2-Story Property
- Popcorn or blown ceiling
- Ceiling Fan
- Gas Log Fireplace
- Window Treatments
- Entrance Foyer
- Family Room
- Formal Dining Room
- Sun or Florida Room
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Bedroom
- Dual Closets
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Beach Access
- Deck
- Covered patio or porch
- Stoop
Schools
- Sullivans Island Elementary School
- Laing Middle School
- Wando High School
Utilities
- Cooling Available
- Heat Pump System
- Septic Tank
Additional Features
- 0.25 Acre Lot
- Property is near a bus stop
Community Details
Overview
- Isle Of Palms Subdivision
Recreation
- Boat Ramp
- Marina
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 23, 2020
Sold by
May Natalie C
Bought by
Natalie C May Trust and May
Total Days on Market
76
Current Estimated Value
Purchase Details
Listed on
Feb 17, 2016
Closed on
May 18, 2016
Sold by
Smitherman James A and Smitherman Elizabeth S
Bought by
May Daniel L and May Natalie C
Seller's Agent
Ashley Haynes
East Islands Real Estate
Buyer's Agent
Gary Langhoff
The Boulevard Company
List Price
$1,045,000
Sold Price
$1,045,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
Purchase Details
Closed on
Oct 14, 2005
Sold by
Spires Robin E and Spires Richard L
Bought by
Smitherman James A and Smitherman Elizabeth S
Purchase Details
Closed on
Oct 6, 2003
Sold by
Piola Charles C and Piola June W
Bought by
Spires Robin E and Spires Richard L
Purchase Details
Closed on
Dec 20, 2000
Sold by
Piola Charles C
Bought by
Piola June W
Purchase Details
Closed on
Feb 11, 2000
Sold by
Maguire Paul L and Maguire Beverly A
Bought by
Piola Charles C
Similar Homes in Isle of Palms, SC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Natalie C May Trust | -- | None Listed On Document | |
| May Daniel L | $1,045,000 | -- | |
| Smitherman James A | $1,550,000 | -- | |
| Spires Robin E | $785,000 | -- | |
| Piola June W | -- | -- | |
| Piola Charles C | $630,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Smitherman James A | $617,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2016 05/20/16 | Sold | $1,045,000 | 0.0% | $419 / Sq Ft |
| 04/20/2016 04/20/16 | Pending | -- | -- | -- |
| 02/17/2016 02/17/16 | For Sale | $1,045,000 | -- | $419 / 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 |
|---|---|---|---|---|
| 2023 | $3,584 | $45,800 | $0 | $0 |
| 2022 | $3,567 | $45,800 | $0 | $0 |
| 2021 | $14,777 | $45,800 | $0 | $0 |
| 2020 | $3,979 | $45,800 | $0 | $0 |
| 2019 | $3,724 | $41,800 | $0 | $0 |
| 2017 | $3,616 | $41,800 | $0 | $0 |
| 2016 | $2,713 | $33,110 | $0 | $0 |
| 2015 | $9,731 | $49,670 | $0 | $0 |
| 2014 | $9,616 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ashley Haynes
A
Seller's Agent in 2016
Ashley Haynes
East Islands Real Estate
(843) 886-8114
20 in this area
66 Total Sales
-
Gary Langhoff
Buyer's Agent in 2016
Gary Langhoff
The Boulevard Company
(843) 810-3400
7 in this area
80 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 16004062
APN: 571-11-00-094
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