NOT LISTED FOR SALE

442 Myrtle Ave Unit Historic District of Pawleys Island, SC 29585

Estimated Value: $4,871,128

6 Beds
6.5 Baths
3,501 Sq Ft
$1,391/Sq Ft Est. Value

Last Sold October 01, 2013

Last sale price $2,450,000 $700 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $26,807/month

76 Days on Market

Highlights

  • Ocean Front
  • Island Location
  • Creek On Lot
  • Waccamaw Elementary School Rated A-
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of October 2013

Don't miss the extremely rare opportunity to own a true Pawleys Island icon, The Pawley House. Steeped in history, as far back as pre 1800's, and considered to be one of the first, if not the first, summer residence on Pawleys Island, this home still reflects its true historic charm and character. The dining and living rooms remain authentic to the original structure, along with the porches, stair well and upper bedrooms. The home was moved from the main inland and barged across the creek under the direction and supervision of homeowner Joseph Blythe Alston. Section by section, and each board numbered, the house was carefully placed on the land that was once owned by SC Governor R.F.W. Alston. The original ballast bricks were used for the pilings and fireplaces. These historic brick the ballast brick used to balance the ships that came to the Colonies from England. Modernizing renovations, began in 1987 to update the home into the current century (to bring the entire house up to county building codes), yet protected the history and character of days gone by. These renovations were completed after Hurricane Hugo. You will notice the wide wooden plank beams and floors, antique brick fireplaces with original mantles, hand feathered faux painted doors, worn stair treds and well used handrails, and the expansive wraparound porches - all will take you back to the cherished Pawleys Island of the past. Modern conveniences have been added, such as, private en-suite baths in the 6 bedrooms, central heating and air, updated kitchen with large island for entertaining, a creek side screen porch for outside dining and an elevator to the main floor. Oceanside of the house you will discover an elevated walkway through the twisted oaks and maritime forest, providing a rare glimpse of the original and native island landscape. The beach side screened 'Necessary" , with expansive views of the spacious mid-island area of the beach, provides a protected gathering room, along with shower and restroom facilities. On the creek you'll enjoy beautiful sunsets, a crabbing and fishing dock, along with a perfect place to launch your kayak or paddle board. This property offers .88 acres of oceanfront high ground and 1.56 acres of marsh front lowlands. All measurements are approximate, not guaranteed. Buyer is responsible for verification. Call today to schedule your private showing!

Last Agent to Sell the Property

Louise Lachicotte

The Litchfield Company RE PI License #22285 Listed on: 06/04/2013

Co-Listed By

Nancy Siau

The Litchfield Company RE License #61855

Last Buyer's Agent

Cooper&Abernethy Team

The Litchfield Company RE PI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,475

Year Built

  • Built in 1750

Lot Details

  • Property fronts a marsh
  • Ocean Front
  • Irregular Lot

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Raised Foundation
  • Wood Frame Construction
  • Masonry Siding
  • Siding

Interior Spaces

  • 3,501 Sq Ft Home
  • 3-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Living Room with Fireplace
  • Formal Dining Room
  • Screened Porch
  • Vinyl Flooring
  • Ocean Views
  • Home Security System

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Creek On Lot
  • Deck

Location

  • Flood Zone Lot
  • Island Location

Schools

  • Waccamaw Elementary School
  • Waccamaw Middle School
  • Waccamaw High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,475

Year Built

Built in 1750

Lot Details

0

Parking

8

Listing Details

  • Lot Description: Designated Flood Zone, Irregular
  • Four Sided Lot Measurement: .88 Ocean - 1.56 marsh
  • Estimated Year Built: 1750
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Vinyl, Wood
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat
  • Living Room Type: Beam, Ceiling Fan, Fireplace
  • Sold Total Heated Sq Ft: 3501
  • Sold Total Sq Ft: 5001
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 8
  • Total Heated Sq Ft: 3501
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1750

Interior Features

  • Bedroom 1: 13X10
  • Bedroom 2: 12X15
  • Bedroom 3: 20X19, 20X19, 10X15
  • Dining Room: 19X19
  • Interior Amenities: Security System, Wshr/Dryer Connection, Washer/Dryer, Fireplace, Elevator-Interior
  • Kitchen: 13X16
  • Living Room: 20X19
  • Master Bedroom: 10X16
  • Other Rooms: Laundry/Utility, Screened Porch
  • Kitchen Type: Dishwasher, Microwave, Refrigerator, Range, Work Island
  • Master Bedroom Type: 1st Flr Level, Ceiling Fan
  • Bedrooms: 6
  • Dining Room Type: Beam Ceiling, Ceiling Fan, Formal
  • Formal Dining: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Levels: Three Or More
  • Total Sq Ft: 5001

Exterior Features

  • Exterior Features: Deck, Front Porch, Rear Porch, Outside Storage Attached, Elevator-Exterior
  • Exterior Finish: Masonry Accent, Siding, Wood Frame
  • Foundation: Raised Beach

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public

Schools

  • Elementary School: Waccamaw Elementary School
  • Middle School: Waccamaw Middle School
  • High School: Waccamaw High School

Lot Info

  • Lot Location: Oceanfront Lot, On Inlet/Creek, Inside City Limits, Island, Oceanview Lot, Marsh/Wetlans View
  • Zoning: Res

MLS Schools

  • Elementary School: Waccamaw Elementary School
  • HighSchool: Waccamaw High School
  • Middle School: Waccamaw Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2013
Closed on
Sep 30, 2013
Sold by
The Pawleys House Llc
Bought by
442 Myrtle Avenue Llc
Seller's Agent
Louise Lachicotte
The Litchfield Company RE PI
Buyer's Agent
Cooper&Abernethy Team
The Litchfield Company RE PI
List Price
$2,890,000
Sold Price
$2,450,000
Premium/Discount to List
-$440,000
-15.22%
Current Estimated Value
$4,871,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,421,128
Avg. Annual Appreciation
6.02%
Original Mortgage
$1,960,000
Outstanding Balance
$1,480,516
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,383,437

Purchase Details

Closed on
Mar 19, 2007
Sold by
Macilwinen Frances Graham
Bought by
The Pawleys House Llc
Source: Public Records

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Range of Values:

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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
442 Myrtle Avenue Llc $2,450,000 --
The Pawleys House Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 442 Myrtle Avenue Llc $1,000,000
Closed 442 Myrtle Avenue Llc $0
Open 442 Myrtle Avenue Llc $1,960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2013 10/01/13 Sold $2,450,000 -15.2% $700 / Sq Ft
08/19/2013 08/19/13 Pending -- -- --
06/04/2013 06/04/13 For Sale $2,890,000 -- $825 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

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 $11,475 $91,520 $60,000 $31,520
2023 $11,475 $91,520 $60,000 $31,520
2022 $10,399 $90,520 $60,000 $30,520
2021 $10,056 $0 $0 $0
2020 $10,028 $0 $0 $0
2019 $29,968 $0 $0 $0
2018 $30,094 $0 $0 $0
2017 $28,023 $0 $0 $0
2016 $27,850 $133,128 $0 $0
2015 $25,209 $0 $0 $0
2014 $25,209 $2,217,500 $1,527,500 $690,000
2012 -- $2,085,600 $1,527,500 $558,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1310037

Coastal Carolinas Association of REALTORS®

APN: 42-0172-020-00-00