NOT LISTED FOR SALE

40 Hammocks Way Edisto Island, SC 29438

Edisto Island Neighborhood

Estimated Value: $136,000 - $192,000

0.8 Acre
$208,434 Price per Acre
34,848 Sq Ft Lot

Last Sold November 16, 2022

Last sale price $145,000

Est. 15% increase in value since last sale

Current estimated payment $1,265/month

8 Days on Market

Highlights

  • Boat Ramp
  • 0.8 Acre Lot
  • Property fronts a marsh
  • River Access

About This Lot

As of November 2022

Island Living with Marsh Views and Sea Breezes found only this close to the Ocean. Build your island home on a wide .8 acre lot in The Hammocks, one of Edisto Island's Premier Gated Communities nestled within a stunning & beautifully manicured maritime forest featuring beautiful oak trees. Sea island living at its finest. Neighborhood Boat Ramp is a couple of lots down Hammocks Way. Take your floats, kayak, paddle boards, or boat to the Boat Ramp and Dock, Ride to Jeremy Inlet where some of the best ocean treasures on the East Coast can be found: sharks teeth, seaglass, beautiful shells. All this, only 1 mile to Edisto Beach.

Last Agent to Sell the Property

Laird Summerlin

Carolina One Real Estate License #75895 Listed on: 10/09/2022

Carolina One Real Estate

Last Buyer's Agent

Laird Summerlin

Carolina One Real Estate License #75895 Listed on: 10/09/2022

Carolina One Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,152

Lot Details

  • 0.8 Acre Lot
  • Property fronts a marsh
  • Property fronts a private road
  • Dirt Road

HOA Fees

  • $108 Monthly HOA Fees

Schools

  • Jane Edwards Elementary School
  • Colleton Middle School
  • Colleton High School

Listing and Financial Details

  • Tax Lot 40

Community Details

Overview

  • The Hammocks Subdivision

Recreation

  • Boat Ramp
  • River Access

Property Details

Property Type

Land

Est. Annual Taxes

$1,152

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.8
  • Road Frontage Type: Private Road
  • Road Surface Type: Dirt
  • Subdivision Name: The Hammocks
  • Directions: Hwy 174 To Jan Savage Way To Hammocks Way.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: .5 - 1 Acre
  • Waterfront Features: Marshfront, River Access
  • Waterfront: Yes

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: Yes
  • Sewer: Sewer At Site
  • Utilities: Electricity Connected

Condo/Co-op/Association

  • Community Features: Boat Ramp, Community Dock
  • Association Fee: 1300
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Jane Edwards
  • High School: Colleton
  • Middle Or Junior School: Colleton

Lot Info

  • Development Status: Subdivision
  • Lot Size Sq Ft: 34848
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3580600040
  • Tax Annual Amount: 1151.55
  • Tax Lot: 40

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2022
Closed on
Nov 16, 2022
Sold by
Maxwell James S
Bought by
Cassidy Lee Monroe and Spires Cassidy Kristie
Seller's Agent
Laird Summerlin
Carolina One Real Estate
Buyer's Agent
Laird Summerlin
Carolina One Real Estate
List Price
$155,000
Sold Price
$145,000
Premium/Discount to List
-$10,000
-6.45%
Views
22
Current Estimated Value
$166,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,747
Avg. Annual Appreciation
3.97%

Purchase Details

Closed on
Jun 18, 2021
Sold by
Foote Richard A and Foote Maryann B
Bought by
Maxwell James S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 11, 2019
Closed on
Jul 23, 2020
Sold by
Nilsson Kimberly Faye
Bought by
Foote Richard A and Foote Maryann B
Seller's Agent
Jane Szorc
Anchor Coastal Realty, LLC
Buyer's Agent
Jane Szorc
Anchor Coastal Realty, LLC
List Price
$59,000
Sold Price
$55,000
Premium/Discount to List
-$4,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.68%

Purchase Details

Closed on
Apr 5, 2010
Sold by
Hyatt Karen L
Bought by
Nilsson Kimberly Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
5.02%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 3, 2008
Sold by
Hyatt Steven L
Bought by
Hyatt Karen L

Purchase Details

Closed on
Jan 28, 2005
Sold by
Eyer Andrew D and Downs Katherine F
Bought by
Hyatt Steven L and Hyatt Karen L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cassidy Lee Monroe $145,000 --
Maxwell James S $94,500 None Available
Foote Richard A $55,000 None Available
Nilsson Kimberly Faye $132,000 --
Hyatt Karen L -- --
Hyatt Steven L $112,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maxwell James S $54,400
Previous Owner Nilsson Kimberly Faye $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2022 11/16/22 Sold $145,000 -6.5% --
10/18/2022 10/18/22 Pending -- -- --
10/09/2022 10/09/22 For Sale $155,000 +181.8% --
07/31/2020 07/31/20 Sold $55,000 -6.8% --
06/06/2020 06/06/20 Pending -- -- --
10/11/2019 10/11/19 For Sale $59,000 -- --
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 $2,983 $145,000 $145,000 $0
2023 $2,983 $145,000 $145,000 $0
2022 $1,938 $94,500 $94,500 $0
2021 $1,152 $94,500 $94,500 $0
2020 $1,226 $56,500 $56,500 $0
2019 $1,226 $60,000 $60,000 $0
2018 $1,214 $3,600 $3,600 $0
2017 $1,179 $3,600 $0 $0
2016 $2,359 $7,200 $7,200 $0
2015 -- $7,200 $7,200 $0
2014 -- $7,200 $7,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Laird Summerlin

    Seller's Agent in 2022

    Laird Summerlin

    Carolina One Real Estate

    (843) 869-3163

    19 in this area

    20 Total Sales

    Laird Summerlin
    Section Image

  • J

    Seller's Agent in 2020

    Jane Szorc

    Anchor Coastal Realty, LLC

    (843) 696-9576

    22 in this area

    22 Total Sales

    Jane Szorc
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 22026027

CHS Regional MLS

APN: 358-06-00-040

South Carolina Colleton County Edisto Island 29438 Edisto Island

40 Hammocks Way, Edisto Island, SC

This home is located at 40 Hammocks Way, Edisto Island, SC 29438 since 09 October 2022 and is currently estimated at $166,747. 40 Hammocks Way is a home located in Colleton County with nearby schools including Colleton County Middle and Colleton County High School.

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.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved

Nearby Homes