NOT LISTED FOR SALE

401 Merritt Blvd Isle of Palms, SC 29451

Estimated Value: $5,135,000 - $7,433,000

4 Beds
6 Baths
4,409 Sq Ft
$1,462/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $6,750,000 $1,531 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $41,874/month

Highlights

  • Pier or Dock
  • Boat Lift
  • Sitting Area In Primary Bedroom
  • Sullivans Island Elementary School Rated A
  • Home Theater
  • Deck

About This Home

As of May 2023

Deepwater dream home with dock and boat lift just a few minutes above Breach Inlet! Floor to ceiling windows show off expansive marsh views all the way to Mount Pleasant! It's the best of both worlds to get phenomenal boating access while living just 3 blocks from the Isle of Palms beachfront! This home's modern coastal style is one of its best features. In the den, a beach wood mantle above the wood burning fireplace complements the weathered tongue and groove ceiling (note the dry bar with built in wine cooler and the oversized sliding door leading to the screened porch overlooking the marsh). The gourmet kitchen features floor to ceiling cabinets, Thermador fridge, quartzite counter tops, Thermadoor gas stove with double oven, and a scullery for appliances to keep this kitchen lookingpristine. Note the vaulted tongue and groove ceiling in the dining area which boasts more of those floor to ceiling windows. Step out onto the screened porch which is large enough for a sitting area and also a dining table for entertaining. You'll find a boater's paradise with power/water access on this private dock with covered pier head and lift which can handle a 24,000 lb boat with a beam of 16 ft (note the decking is Ipe). A huge finished off area on the home's ground floor is perfect for entertaining and is not reflected in the square footage. Back on the main floor, the luxurious owner's retreat offers a sitting area with floor to ceiling windows and access to the screened porch. The owner's bath boasts a steam shower, separate soaking tub, 2 water closets for privacy, and an enviable walk in closet with built in storage. An additional bedroom downstairs has a private full bath, and the laundry room will impress with its custom built drying racks, laundry basket pull outs, and cabinetry for folding clothes and storing necessities. (Note the elevator which services the first floor.) Upstairs, you'll find 2 additional bedrooms (each with a fully upgraded private bath), an office, an additional flex space which would make a fantastic play room or media center, plus a half bath conveniently located in the hall. This home showcases all the latest trends in home design: a pivot front door, Ipe decking, metal roof, paver driveway, and ship lap throughout the kitchen and living areas for a bright and coastal look. Almost the entire rear of the home's first floor is glass to take advantage of these spectacular views!

Last Agent to Sell the Property

Lee Keadle

Carolina One Real Estate License #43159 Listed on: 03/20/2023

Carolina One Real Estate

Last Buyer's Agent

Troy Barber

King and Society Real Estate License #59239

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $92,468

Year Built

  • Built in 2020

Lot Details

  • 0.49 Acre Lot
  • Property fronts a marsh
  • Aluminum or Metal Fence

Parking

  • 3 Car Attached Garage

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Cement Siding

Interior Spaces

  • 4,409 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Smooth Ceilings
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Home Theater
  • Home Office
  • Bonus Room
  • Exterior Basement Entry
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Garden Bath

Outdoor Features

  • Boat Lift
  • Deck
  • Screened Patio
  • Separate Outdoor Workshop
  • Front Porch

Schools

  • Sullivans Island Elementary School
  • Moultrie Middle School
  • Wando High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

Overview

  • Isle Of Palms Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$92,468

Year Built

Built in 2020

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 2020
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.49
  • Subdivision Name: Isle of Palms
  • Directions: Take Ben Sawyer Blvd To Sullivan's Island. Turn Left Onto Jasper Blvd Which Becomes Palm Blvd Once You Enter Isle Of Palms. Turn Left Onto 4th Ave. Turn Right Onto Merritt Blvd And Home Is On Your Left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Bonus, Eat-in Kitchen, Family, Entrance Foyer, Media, Office, Pantry
  • Master Bedroom Features: Garden Tub/Shower, Outside Access, Sitting Room, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Metal
  • Fencing: Fence - Metal Enclosed
  • Waterfront Features: Marshfront, Waterfront - Deep
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Exterior Features: Boatlift, Dock - Existing
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: None, Workshop
  • Patio And Porch Features: Deck, Front Porch, Screened
  • Property Condition: Pre-Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: No
  • Parking Features: 3 Car Garage, Attached
  • Total Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 21344.399999
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5681000001

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Apr 28, 2023
Sold by
Oconnor Alison L
Bought by
Hartness David P and Hartness Adrian H
Seller's Agent
Lee Keadle
Carolina One Real Estate
Buyer's Agent
Troy Barber
King and Society Real Estate
List Price
$6,750,000
Sold Price
$6,750,000
Views
2
Current Estimated Value
$6,444,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$305,404
Avg. Annual Appreciation
-1.15%
Original Mortgage
$4,000,000
Outstanding Balance
$3,892,915
Interest Rate
5.44%
Mortgage Type
New Conventional
Estimated Equity
$2,671,196

Purchase Details

Closed on
Aug 18, 2022
Sold by
Oconnor Patrick W
Bought by
Oconnor Alison L

Purchase Details

Listed on
Nov 16, 2018
Closed on
Apr 10, 2019
Sold by
Lamach Michael W and Lamach Mary
Bought by
Connor Patrick W O and Connor Alison L O
Seller's Agent
Brad Haynes
East Islands Real Estate
Buyer's Agent
Lee Keadle
Carolina One Real Estate
List Price
$2,125,000
Sold Price
$2,125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.08%
Original Mortgage
$1,160,000
Interest Rate
4.49%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 26, 2016
Sold by
Buchanan Candy C
Bought by
Lamach Michael W and Lamach Mary

Purchase Details

Closed on
Sep 13, 2016
Sold by
Buchanan Candy C and Parker Lou Ann
Bought by
Buchanan Candy C

Purchase Details

Closed on
May 23, 2006
Sold by
Buchanan Christine C
Bought by
Christine C Buchanan Revocable Trust
Source: Public Records

Range of Values:

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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
Hartness David P $6,750,000 None Listed On Document
Oconnor Alison L -- --
Connor Patrick W O $2,125,000 None Available
Lamach Michael W $1,525,000 --
Buchanan Candy C -- --
Buchanan Candy C -- --
Christine C Buchanan Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hartness David P $4,000,000
Previous Owner Connor Patrick W O $1,160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $6,750,000 0.0% $1,531 / Sq Ft
03/20/2023 03/20/23 For Sale $6,750,000 +217.6% $1,531 / Sq Ft
04/15/2019 04/15/19 Sold $2,125,000 0.0% --
03/16/2019 03/16/19 Pending -- -- --
11/16/2018 11/16/18 For Sale $2,125,000 -- --
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 $92,468 $405,000 $0 $0
2023 $92,468 $240,000 $0 $0
2022 $12,035 $160,000 $0 $0
2021 $12,919 $160,000 $0 $0
2020 $24,378 $116,100 $0 $0
2019 $20,245 $91,500 $0 $0
2017 $19,364 $91,500 $0 $0
2016 $12,496 $61,500 $0 $0
2015 $11,900 $61,500 $0 $0
2014 $11,519 $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: 23006132

CHS Regional MLS

APN: 568-10-00-001