NOT LISTED FOR SALE

3507 Palm Blvd Isle of Palms, SC 29451

Estimated Value: $3,780,000 - $4,221,000

5 Beds
4.5 Baths
4,150 Sq Ft
$945/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $3,018,088 $727 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $22,411/month

62 Days on Market

Highlights

  • Beach Access
  • Above Ground Pool
  • Deck
  • Sullivans Island Elementary School Rated A
  • Two Primary Bedrooms
  • Contemporary Architecture

About This Home

As of June 2022

Custom 2nd row home with magnificent ocean views. Estimated completion Summer 2021. This contemporary design features an inverted floor plan to take advantage of these views. The home is situated on a corner lot for added privacy and easy access to the spacious 4 car garage on 36th Ave. The 2nd floor kitchen opens out to an expansive great room, which continues outside to an impressive wrap-around covered porch... perfect for entertaining. Luxury finishes include quartz countertops, custom cabinets, professional grade appliances, boutique lighting, wide plank wood flooring, shiplap accents, and designer tile. The master bedroom is conveniently situated off of the great room and features a spa bathroom with his and her walk in closets, freestanding tub, oversized shower,and his and her vanities. The master suite includes its own covered porch with ocean views. Exterior finishings include a metal roof, high impact windows, powder coated aluminum railings, and Azek decking. The elevated pool is located on the 1st floor for added privacy. The heated pool creates the potential for significant rental income throughout the year. ... a pro forma is included in the documents section on the listing. The remaining 4 bedrooms are located on the 1st floor and include a Bunk Room where the kids can pile in and escape their parents. An additional great room is located on the 1st floor. Early birds receive input into selecting finishes. Ocean Homes has decades of experience building on the Island with an impressive portfolio of luxury homes. If builder has not begun the foundation, you may work with them to design a custom home that better fits your needs... the sky is the limit.

Last Agent to Sell the Property

Oliver Caminos

St. Germain Properties LLC License #109059 Listed on: 10/05/2020

Last Buyer's Agent

Vannessa Carter

Dunes Properties of Chas Inc License #81374

Dunes Properties of Chas Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,489

Year Built

  • Built in 2021

Lot Details

  • 0.25 Acre Lot
  • Irrigation
  • Development of land is proposed phase

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Raised Foundation
  • Metal Roof
  • Cement Siding

Interior Spaces

  • 4,150 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Beamed Ceilings
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Insulated Doors
  • Entrance Foyer
  • Great Room with Fireplace
  • Family Room
  • Formal Dining Room
  • Bonus Room
  • Game Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Double Master Bedroom
  • Dual Closets
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Accessible Home Design

  • Adaptable For Elevator

Outdoor Features

  • Above Ground Pool
  • Beach Access
  • Balcony
  • Deck
  • Covered patio or porch
  • Exterior Lighting

Schools

  • Sullivans Island Elementary School
  • Moultrie Middle School
  • Lucy Beckham High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Built by Ocean Homes Iop
  • Isle Of Palms Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,489

Year Built

Built in 2021

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Contemporary
  • Year Built: 2021
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.25
  • Co List Office Mls Id: 9750
  • Co List Office Phone: 843-475-3855
  • Ownership: Fee Simple
  • Subdivision Name: Isle of Palms
  • Directions: Iop Connector, Left On Palm To Home.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Some Storm Door(s)
  • Fireplace Features: Great Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Other, Wood
  • Interior Amenities: Beamed Ceilings, Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Wet Bar, Ceiling Fan(s), Bonus, Eat-in Kitchen, Family, Entrance Foyer, Game, Great, Pantry, Separate Dining, Utility
  • Window Features: Some Storm Wnd/Doors, Storm Window(s), Thermal Windows/Doors
  • Master Bedroom Features: Ceiling Fan(s), Dual Masters, Garden Tub/Shower, Multiple Closets, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Metal
  • Lot Features: 0 - .5 Acre
  • Pool Features: Pool - Elevated
  • Pool Private: Yes
  • Waterfront Features: Beach Access
  • Builder Name: Ocean Homes Iop
  • Construction Type: Cement Plank
  • Exterior Features: Balcony, Elevator Shaft, Lawn Irrigation, Lighting
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, Covered, Porch - Full Front

Garage/Parking

  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: No
  • Parking Features: 4 Car Garage, Garage Door Opener
  • Total Parking Spaces: 4

Utilities

  • Laundry Features: Dryer Connection, Laundry Room
  • Security: Security System
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Public

Schools

  • Elementary School: Sullivans Island
  • High School: Lucy Beckham
  • Middle Or Junior School: Moultrie

Lot Info

  • Development Status: Proposed
  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5711100093
  • Tax Annual Amount: 8488.91

Multi Family

  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Jun 29, 2022
Sold by
Mitchell Jr Richard A
Bought by
Jones Christopher John and Jones Kathleen Jane
Seller's Agent
Oliver Caminos
St. Germain Properties LLC
Buyer's Agent
Vannessa Carter
Dunes Properties of Chas Inc
List Price
$2,850,000
Sold Price
$3,018,088
Premium/Discount to List
$168,088
5.9%
Current Estimated Value
$3,920,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$902,868
Avg. Annual Appreciation
8.81%
Original Mortgage
$1,900,000
Outstanding Balance
$1,810,412
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$2,110,544

Purchase Details

Listed on
Jan 22, 2020
Closed on
Oct 1, 2020
Sold by
Water House Properties Llc
Bought by
Mitchell Richard A
Seller's Agent
Libby Smith
Carolina One Real Estate
Buyer's Agent
Libby Smith
Carolina One Real Estate
List Price
$1,100,000
Sold Price
$915,000
Premium/Discount to List
-$185,000
-16.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.55%
Original Mortgage
$675,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2005
Sold by
Allman Grady W and Allman Lois C
Bought by
Water House Properties Llc
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
Jones Christopher John $3,081,088 --
Mitchell Richard A $915,000 None Available
Water House Properties Llc $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Christopher John $500,000
Open Jones Christopher John $1,900,000
Previous Owner Mitchell Richard A $675,000
Previous Owner Water House Properties Llc $668,000
Previous Owner Water House Properties Llc $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $3,018,088 +5.9% $727 / Sq Ft
12/06/2020 12/06/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $2,850,000 +211.5% $687 / Sq Ft
10/02/2020 10/02/20 Sold $915,000 -16.8% $660 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $1,100,000 -- $793 / 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 $9,083 $120,720 $0 $0
2023 $9,083 $120,720 $0 $0
2022 $11,866 $54,840 $0 $0
2021 $11,843 $54,900 $0 $0
2020 $9,249 $43,300 $0 $0
2019 $8,489 $37,660 $0 $0
2017 $8,107 $37,660 $0 $0
2016 $7,785 $37,660 $0 $0
2015 $7,411 $37,660 $0 $0
2014 $8,887 $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: 20027482

CHS Regional MLS

APN: 571-11-00-093