NOT LISTED FOR SALE

5804 Palmetto Dr Unit A210 Isle of Palms, SC 29451

Estimated Value: $515,000 - $541,883

1 Bed
1 Bath
715 Sq Ft
$744/Sq Ft Est. Value

Last Sold September 22, 2022

Last sale price $445,000 $622 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,567/month

25 Days on Market

Highlights

  • Beach Access
  • Gated Community
  • Wood Flooring
  • Sullivans Island Elementary School Rated A
  • Deck
  • Community Pool

About This Home

As of September 2022

As the ONLY one bedroom on the market within the newly constructed Sweetgrass compound, this absolutely turn-key rental property is in the heart of the Wild Dunes Resort. Located on the northern tip of the Isle of Palms, the Sweetgrass Inn and Pavilion offers immediate access to restaurants, pools, shopping, spa services and more. Use as a vacation destination for yourself and as a worry-free rental property the remainder of the year. Gross rental income is projected to be $60,000 for 2022 (See rental history in documents). Within easy walking distance to bike rentals, tennis courts, golf course, fitness center and the beach, this property couldn't be more ideally located. With a full kitchen and living room, it is being sold fully furnished--all you need is your bathing suit andbeach umbrella. Come take a peek--you won't be disappointed!

Last Agent to Sell the Property

Ann Cortes

Carolina One Real Estate License #42581 Listed on: 07/18/2022

Carolina One Real Estate

Last Buyer's Agent

Rob Sturm

Keller Williams Realty Charleston License #41620

Keller Williams Realty Charleston

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,235

Year Built

  • Built in 2007

Lot Details

  • 2.32

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • Raised Foundation

Interior Spaces

  • 715 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Thermal Windows
  • Insulated Doors
  • Fire Sprinkler System
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Beach Access
  • Deck

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Private Water Source
  • Private Sewer

Community Details

Overview

  • High-Rise Condominium
  • Wild Dunes Subdivision

Recreation

  • Golf Course Membership Available
  • Community Pool

Additional Features

  • Gated Community
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,235

Year Built

Built in 2007

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Prop. Type: Residential
  • Year Built: 2007
  • Property Sub Type: Single Family Attached
  • Ownership: Fee Simple
  • Subdivision Name: Wild Dunes
  • Directions: Palmetto Dr. To The Sweetgrass Inn. The Residences Of Sweetgrass Are Within This Community.
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condo Regime, High Rise
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer/Dryer Stacked
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, Elevator
  • Window Features: Thermal Windows/Doors
  • Master Bedroom Features: Ceiling Fan(s)

Exterior Features

  • Waterfront Features: Beach Access
  • Foundation Details: Raised
  • Patio And Porch Features: Deck
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Laundry Features: Laundry Room
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Elevators, Gated, Golf Membership Available, Pool
  • Association Fee: 900
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 6041000490

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 21, 2022
Sold by
Kimmelman Todd
Bought by
Reese Mark Alan
Seller's Agent
Ann Cortes
Carolina One Real Estate
Buyer's Agent
Rob Sturm
Keller Williams Realty Charleston
List Price
$447,500
Sold Price
$445,000
Premium/Discount to List
-$2,500
-0.56%
Total Days on Market
25
Views
6
Current Estimated Value
$531,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,971
Avg. Annual Appreciation
6.76%
Original Mortgage
$330,000
Outstanding Balance
$306,026
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$225,945

Purchase Details

Closed on
Jan 22, 2013
Sold by
Russo William A and Russo Beverly T
Bought by
Kimmelman Todd and Kimmelman Leslie

Purchase Details

Closed on
Mar 28, 2008
Sold by
Wdr Phase One Llc
Bought by
Russo William A and Russo Beverly T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
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
Reese Mark Alan $440,000 --
Kimmelman Todd $225,000 --
Russo William A $575,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reese Mark Alan $330,000
Previous Owner Russo William A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2022 09/22/22 Sold $445,000 -0.6% $622 / Sq Ft
08/12/2022 08/12/22 For Sale $447,500 0.0% $626 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $447,500 -- $626 / 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
2023 $6,235 $26,400 $0 $0
2022 $3,511 $15,530 $0 $0
2021 $3,473 $15,530 $0 $0
2020 $3,427 $15,530 $0 $0
2019 $3,153 $13,500 $0 $0
2017 $3,000 $13,500 $0 $0
2016 $2,885 $13,500 $0 $0
2015 $2,743 $13,500 $0 $0
2014 $2,660 $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: 22019284

CHS Regional MLS

APN: 604-10-00-490