NOT LISTED FOR SALE

501 Ocean Blvd Isle of Palms, SC 29451

Estimated Value: $2,866,000 - $3,396,000

4 Beds
2 Baths
1,333 Sq Ft
$2,424/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $2,025,000 $1,519 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $17,634/month

Highlights

  • Traditional Architecture
  • Cooling Available
  • Heat Pump System
  • Sullivans Island Elementary School Rated A
  • Wood Siding
  • 1-Story Property

About This Home

As of April 2021

This home is located at 501 Ocean Blvd, Isle of Palms, SC 29451 since 22 February 2021 and is currently estimated at $3,231,263, approximately $2,424 per square foot. This property was built in 1950. 501 Ocean Blvd is a home located in Charleston County with nearby schools including Sullivans Island Elementary School, Moultrie Middle School, and Wando High School.

Last Agent to Sell the Property

Laurie Thornhill

Dunes Properties of Charleston Inc License #28887 Listed on: 02/22/2021

Dunes Properties of Charleston Inc

Last Buyer's Agent

Matthew Anderson

The Boulevard Company License #89024

The Boulevard Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,476

Year Built

  • Built in 1950

Lot Details

  • 0.31 Acre Lot

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Wood Siding

Interior Spaces

  • 1,333 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,476

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1950
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.31
  • Ownership: Fee Simple
  • Subdivision Name: None
  • Directions: Iop Connector To Isle Of Palms. Right At Light. Left On 5th Ave. Home Will Be On The Left At The Corner Of 5th And Ocean.
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No

Exterior Features

  • Construction Type: Wood Siding
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

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

Schools

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

Lot Info

  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5681000085
  • Tax Annual Amount: 12476.41

Multi Family

  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Apr 8, 2021
Sold by
Baughan Laura Payne and Siegel Margaret Payne
Bought by
Lempesis Cassandra S
Seller's Agent
Laurie Thornhill
Dunes Properties of Charleston Inc
Buyer's Agent
Matthew Anderson
The Boulevard Company
List Price
$2,025,000
Sold Price
$2,025,000
Current Estimated Value
$3,231,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,206,263
Avg. Annual Appreciation
10.07%
Original Mortgage
$1,626,250
Outstanding Balance
$1,501,556
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$1,607,279

Purchase Details

Closed on
Oct 31, 2018
Sold by
Payne Peter M
Bought by
Baughan Laura Payne and Siegel Margaret Payne

Purchase Details

Closed on
Aug 9, 2010
Sold by
Peter Payne Family Lp
Bought by
Baughan Laura Payne and Siegel Margaret Payne

Purchase Details

Closed on
Jan 25, 2010
Sold by
Payne Peter M
Bought by
Payne Peter M and Baughan Laura Payne

Purchase Details

Closed on
Dec 20, 2006
Sold by
Payne Peter M
Bought by
Peter Payne Family Lp

Purchase Details

Closed on
Oct 17, 2006
Sold by
Hughs Penelope Payne
Bought by
Payne Peter M

Purchase Details

Closed on
Jun 30, 2006
Sold by
Payne Robin R
Bought by
Payne Peter M
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
Lempesis Cassandra S $2,025,000 None Available
Baughan Laura Payne -- None Available
Baughan Laura Payne -- --
Payne Peter M $75,000 --
Peter Payne Family Lp -- None Available
Payne Peter M -- None Available
Payne Peter M $66,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lempesis Cassandra S $1,626,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $2,025,000 0.0% $1,519 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $2,025,000 -- $1,519 / 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 $6,021 $79,000 $0 $0
2023 $6,021 $79,000 $0 $0
2022 $26,302 $121,500 $0 $0
2021 $12,649 $58,690 $0 $0
2020 $12,476 $58,690 $0 $0
2019 $11,442 $51,030 $0 $0
2017 $10,933 $51,030 $0 $0
2016 $10,496 $51,030 $0 $0
2015 $9,994 $51,030 $0 $0
2014 $9,953 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Laurie Thornhill

    Dunes Properties of Charleston Inc

    (843) 270-7633

    2 in this area

    52 Total Sales

    Laurie Thornhill
    Section Image
  • Matthew Anderson

    Buyer's Agent in 2021

    Matthew Anderson

    The Boulevard Company

    (843) 437-8386

    17 in this area

    128 Total Sales

    Matthew Anderson
    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 21004605

CHS Regional MLS

APN: 568-10-00-085

South Carolina Charleston County Isle Of Palms 29451

501 Ocean Blvd, Isle Of Palms, SC

This home is located at 501 Ocean Blvd, Isle of Palms, SC 29451 since 22 February 2021 and is currently estimated at $3,231,263, approximately $2,424 per square foot. This property was built in 1950. 501 Ocean Blvd is a home located in Charleston County with nearby schools including Sullivans Island Elementary School, Moultrie Middle School, and Wando 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

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