Seller's Agent in 2020
Kelly Hyatt
Carolina One Real Estate
(843) 425-5759
68 in this area
76 Total Sales
516 Palmetto Blvd Edisto Island, SC 29438
Edisto Island NeighborhoodEstimated Value: $1,125,000 - $1,582,849
7
Beds
4
Baths
2,900
Sq Ft
$474/Sq Ft
Est. Value
Highlights
- Beach Front
- Golf Course Community
- Traditional Architecture
- Marina
- Deck
- Wood Flooring
About This Home
As of August 2020COMPLETELY RENOVATED! Welcome to this BEACHFRONT beauty aptly named ''Beach Music.'' This property just completed major updates in Fall 2019, including updated bathrooms, floors, ceilings, all new ductwork and air handlers, and even furnishings. This home is fully furnished with established rental clientele, bringing in almost $90,000 a year in rental income. The property has 3 levels with 7 bedrooms and 4 full baths. When you enter through the front door, you're welcomed into an open floor plan: eat-in kitchen, dining, and living room combo. The kitchen has been updated with granite countertops, freshly painted cabinets, all new kitchenware, and newer appliances. You can cook for all of your guests and enjoy the panoramic views of the Atlantic Ocean.On the main level, there are 3 bedrooms (2 of which are on the ocean side), 2 full bathrooms, and the laundry. Off of the living room, there's a covered porch complete with a picnic table to spread out your Frogmore Stew and entertain your guests. On the top floor, there are 2 bedrooms,both on the oceanside, and 1 full bathroom. There's also a private open sundeck on the top level where you can enjoy endless ocean views, Edisto's breathtaking sunrises, or even an amazing meteor shower or two.
The ground level has a separate entrance and features a large family room, 2 bedrooms, and a full bathroom. Covered parking and hot/cold outdoor shower are also available. This home is on the rental market and turns on Saturdays.
Be sure to checkout the 3D Virtual Tour!
Last Agent to Sell the Property
Carolina One Real Estate License #98197 Listed on: 12/13/2019
Last Buyer's Agent
Non Member
NON MEMBER
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,022
Year Built
- Built in 1980
Lot Details
- 6,098 Sq Ft Lot
- Beach Front
- Partially Fenced Property
Home Design
- Traditional Architecture
- Raised Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,900 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Thermal Windows
- Window Treatments
- Insulated Doors
- Family Room
- Combination Dining and Living Room
- Stacked Washer and Dryer
Kitchen
- Eat-In Kitchen
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Parking
- 3 Parking Spaces
- Carport
Outdoor Features
- Balcony
- Deck
- Covered Patio or Porch
Schools
- Jane Edwards Elementary School
- Colleton High School
Utilities
- Cooling Available
- Heat Pump System
- Septic Tank
Community Details
Overview
- Beachfront Subdivision
Recreation
- Marina
- Golf Course Community
- Golf Course Membership Available
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 13, 2019
Closed on
Aug 21, 2020
Sold by
Susko Robert N and Susko Susan L
Bought by
Gibson Kevin J and Stensing Gibson Diane
Seller's Agent
Kelly Hyatt
Carolina One Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$879,900
Sold Price
$850,000
Premium/Discount to List
-$29,900
-3.4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$605,156
Avg. Annual Appreciation
11.78%
Original Mortgage
$680,000
Outstanding Balance
$608,910
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$869,515
Purchase Details
Closed on
Jan 18, 2006
Sold by
Fort Motte Llc
Bought by
Susko Robert N and Susko Susan L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,000
Interest Rate
6.21%
Mortgage Type
Fannie Mae Freddie Mac
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gibson Kevin J | $850,000 | None Available | |
| Susko Robert N | $995,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gibson Kevin J | $680,000 | |
| Previous Owner | Susko Robert N | $796,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2020 08/24/20 | Sold | $850,000 | -3.4% | $293 / Sq Ft |
| 07/10/2020 07/10/20 | Pending | -- | -- | -- |
| 12/13/2019 12/13/19 | For Sale | $879,900 | -- | $303 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $15,653 | $944,500 | $425,000 | $519,500 |
| 2023 | $15,653 | $844,500 | $425,000 | $419,500 |
| 2022 | $15,569 | $844,500 | $425,000 | $419,500 |
| 2021 | $15,637 | $844,500 | $475,000 | $369,500 |
| 2020 | $10,048 | $541,000 | $350,000 | $191,000 |
| 2019 | $10,022 | $541,000 | $350,000 | $191,000 |
| 2018 | $9,910 | $32,460 | $21,000 | $11,460 |
| 2017 | $9,596 | $32,460 | $0 | $0 |
| 2016 | $9,483 | $32,380 | $19,500 | $12,880 |
| 2015 | -- | $32,380 | $19,500 | $12,880 |
| 2014 | -- | $32,380 | $19,500 | $12,880 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2020
Non Member
NON MEMBER
Map
Source: CHS Regional MLS
MLS Number: 19033625
APN: 357-03-00-061
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