T
Seller's Agent in 2024
Todd Hoover
Hoover Realty, LLC
(843) 814-4171
2 in this area
8 Total Sales
5508 Palm Blvd Isle of Palms, SC 29451
Estimated Value: $3,277,000 - $4,294,000
8
Beds
7
Baths
4,012
Sq Ft
$932/Sq Ft
Est. Value
Highlights
- Home Theater
- Above Ground Pool
- Deck
- Sullivans Island Elementary School Rated A
- Sauna
- Traditional Architecture
About This Home
As of August 2024PRICE REDUCED FOR QUICK SALE. Close to beach- high income property w/ grandfathered rental permit for 20 - abundance of indoor & outdoor living space. Well maintained TurnKey 8BR/7Bth Furnished home. Cannot go wrong whether for business or pleasure! Proforma estimates excess of $275k annual income. Chef's kitchen: Viking range, Subzero fridge, 2 dishwashers, double oven, ice maker, massive counter & seating space. Clean air w/ AC filtration. Clean water w/ whole house water filtration. No carpet. Floors wood; tile baths. Raised heated saltwater pool on screened porch. Medical grade infrared sauna. Chipping & putting green. One of the bedrooms doubles as a media room with theater chairs. Remote control blinds in living area! Roof, solar electric, 3 stop elevator all replaced in 2023.AC/insulation redone 2023. New counter update 2024 not yet shown in pics. Remote control blinds in living room. EV charger. Pool filter/heater replaced in 2023/24! Public beach access path is beside the home, so there is no need to cross Palm Blvd to access beach. Additional beach access path also a cinch to access out the back driveway. This part of the beach is largely residential & a quiet part of IOP beach. Enjoy sunrise/sunset skies or stargazing from the 3rd floor deck. Garage w/ workshop, outdoor shower, EV charger & heated/cooled bonus room. Reverse floor plan -4 bedrooms/4baths on 1st; kitchen/living area on 2nd plus 3 additional bedrooms & baths. Newly replaced elevator access to all levels from garage. Option to join Wild Dunes amenities subject to their restrictions. Sold furnished - turn key for rental income or personal beach paradise. Must see to appreciate quality & ambience. Seller is SC licensed real estate broker. All information believed to be accurate.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $41,210
Year Built
- Built in 2002
Lot Details
- 10,454 Sq Ft Lot
- Partially Fenced Property
- Irrigation
Parking
- 3 Car Garage
- Garage Door Opener
Home Design
- Traditional Architecture
- Raised Foundation
- Architectural Shingle Roof
- Asphalt Roof
- Wood Siding
- Cement Siding
Interior Spaces
- 4,012 Sq Ft Home
- 3-Story Property
- Smooth Ceilings
- High Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Thermal Windows
- Window Treatments
- Insulated Doors
- Entrance Foyer
- Great Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Home Theater
- Bonus Room
- Sauna
- Exterior Basement Entry
- Storm Windows
Kitchen
- Eat-In Kitchen
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- Dual Closets
- Walk-In Closet
- 7 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Handicap Accessible
Outdoor Features
- Above Ground Pool
- Balcony
- Deck
- Covered Patio or Porch
- Exterior Lighting
- Separate Outdoor Workshop
Schools
- Sullivans Island Elementary School
- Moultrie Middle School
- Wando High School
Utilities
- Central Air
- Heating Available
Community Details
Overview
- Club Membership Available
Amenities
- Sauna
- Laundry Facilities
- Community Storage Space
- Elevator
Recreation
- Golf Course Membership Available
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 5, 2024
Closed on
Aug 26, 2024
Sold by
Hover Todd M and Hoover Ruth D
Bought by
Colette Nifongrawdon Gst Exempt Fzmily Trust and Rawdon
Seller's Agent
Todd Hoover
Hoover Realty, LLC
Buyer's Agent
Rene Kramer
Carolina One Real Estate
List Price
$3,650,000
Sold Price
$3,450,000
Premium/Discount to List
-$200,000
-5.48%
Views
30
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
$289,251
Avg. Annual Appreciation
7.67%
Purchase Details
Closed on
Apr 29, 2022
Sold by
Duke Friddle John
Bought by
Hoover Todd M and Hoover Ruth D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
4.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 29, 2017
Sold by
Goldstein Herbert A and Goldstein Marilyn B
Bought by
Friddle John Duke and Friddle Pamela Cooley
Purchase Details
Closed on
Jun 14, 2017
Sold by
Goldstein Marilyn B and Goldstein Jeffrey P
Bought by
Goldstein Marilyn B
Purchase Details
Closed on
Aug 9, 2007
Sold by
Goldstein Herbert A
Bought by
One Fifty Sixth Llc
Purchase Details
Closed on
Apr 22, 2005
Sold by
Marden David W and Marden Sonya S
Bought by
Goldstein Herbert A
Purchase Details
Closed on
Jul 28, 2004
Sold by
Rhodes Samuel W and Haskin William B
Bought by
Marden David W and Marden Sonya S
Purchase Details
Closed on
Jun 12, 2003
Sold by
Eastside Development Llc
Bought by
Rhodes Samuel W and Haskin William B
Purchase Details
Closed on
Jul 6, 2001
Sold by
Colleran Robert J
Bought by
Eastside Development Llc
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 |
|---|---|---|---|
| Colette Nifongrawdon Gst Exempt Fzmily Trust | $3,450,000 | None Listed On Document | |
| Hoover Todd M | $3,100,000 | Payne Law Firm | |
| Friddle John Duke | $1,674,000 | None Available | |
| Goldstein Marilyn B | -- | None Available | |
| One Fifty Sixth Llc | -- | Attorney | |
| Goldstein Herbert A | $1,747,500 | -- | |
| Marden David W | $1,350,000 | -- | |
| Rhodes Samuel W | $338,000 | -- | |
| Eastside Development Llc | $380,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hoover Todd M | $1,550,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2024 08/28/24 | Sold | $3,450,000 | -1.4% | $860 / Sq Ft |
| 05/19/2024 05/19/24 | Price Changed | $3,499,000 | -2.8% | $872 / Sq Ft |
| 05/14/2024 05/14/24 | Price Changed | $3,599,000 | -1.4% | $897 / Sq Ft |
| 05/05/2024 05/05/24 | For Sale | $3,650,000 | -- | $910 / 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 | $42,860 | $187,200 | $0 | $0 |
| 2023 | $42,860 | $186,000 | $0 | $0 |
| 2022 | $5,281 | $68,920 | $0 | $0 |
| 2021 | $5,678 | $68,920 | $0 | $0 |
| 2020 | $5,902 | $68,920 | $0 | $0 |
| 2019 | $5,866 | $67,000 | $0 | $0 |
| 2017 | $15,955 | $74,790 | $0 | $0 |
| 2016 | $15,314 | $74,790 | $0 | $0 |
| 2015 | $14,584 | $74,790 | $0 | $0 |
| 2014 | $14,160 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Todd Hoover
-
Rene Kramer
Buyer's Agent in 2024
Rene Kramer
Carolina One Real Estate
(843) 884-1622
3 in this area
146 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 24011384
APN: 604-09-00-075
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