NOT LISTED FOR SALE

3505 Palm Blvd Isle of Palms, SC 29451

Estimated Value: $2,134,201 - $2,756,000

5 Beds
3 Baths
2,496 Sq Ft
$1,006/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $1,045,000 $419 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $13,557/month

76 Days on Market

Highlights

  • Marina
  • Boat Ramp
  • Fireplace in Bedroom
  • Sullivans Island Elementary School Rated A
  • Beach Access
  • Deck

About This Home

As of May 2016

3505 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

Ashley Haynes

East Islands Real Estate License #13214 Listed on: 02/17/2016

Last Buyer's Agent

Gary Langhoff

The Boulevard Company License #82642

The Boulevard Company

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,584

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1973
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.25
  • Subdivision Name: Isle of Palms
  • Directions: Take Palm Blvd. Headed North. House Will Be On The Left Between 35th Ave. And 36th Ave.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Bedroom, Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Blown, Ceiling Fan(s), Family, Entrance Foyer, Separate Dining, Sun
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Multiple Closets
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Asphalt
  • Waterfront Features: Beach Access
  • Construction Type: Block/Masonry, Cement Plank
  • Exterior Features: Stoop
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Covered, Porch - Full Front
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: No
  • Parking Features: 1 Car Garage, Off Street, Garage Door Opener
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Dryer Connection, Laundry Room
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: IOP W/S Comm
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Ramp, Bus Line, Marina

Schools

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

Lot Info

  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5711100094

Multi Family

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
Current Estimated Value
$2,510,550

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
9.82%

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
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
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

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

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 $3,584 $45,800 $0 $0
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

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Map

Source: CHS Regional MLS

MLS Number: 16004062

CHS Regional MLS

APN: 571-11-00-094