NOT LISTED FOR SALE

625 Carolina Blvd Isle of Palms, SC 29451

Estimated Value: $3,396,000 - $4,531,000

0.16 Acre
$25,277,606 Price per Acre
6,970 Sq Ft Lot

Last Sold August 07, 2015

Last sale price $527,000

Est. 667% increase in value since last sale

Current estimated payment $22,542/month

77 Days on Market

About This Lot

As of August 2015

New Flood Elevation Certificate shows that this vacant lot as one of the highest lots on the island as an AE 16 flood elevation, which means flood insurance will more be economical. Flood level is 3'4' above existing slab. What that means is that a three story house could be built on the lot, with 9 foot ceilings on the lower level, 9 foot ceilings on the middle level and 10 foot ceilings on the top/main level and still has 8feet for the roof pitch. For the best of Island living this is a premium location, steps from the beach, views of the intracoastal and walking distance to some of the best restaurants on the Island. From this location you are only minutes to historic downtown Charleston, as well as, the Charleston International airport.The Isle of Palms is home to Wild Dunes Beach, Racquet and Golf Club, has public tennis and basketball courts and parks as well as a marina facility. The views from your new home will be exquisite with water and marsh views just about everywhere you look. If you are not ready to build right away, there is an existing duplex that generates rental income***each side is rented, one for $750/mo. and the other is $990/ mo. One side of the duplex has been renovated and one not. The home is grandfathered as a legal duplex, however if the buyer changes the foot print by one square foot, it is no longer a duplex; each side is 525 sq. feet. Isn't it time you did something special for your family? Build that Island Dream House Today!!!

Last Agent to Sell the Property

Janice Harper

EXP Realty LLC License #44543 Listed on: 04/01/2015

EXP Realty LLC

Co-Listed By

Jackie Kelly

The Cassina Group License #16131

Last Buyer's Agent

Janice Harper

EXP Realty LLC License #44543 Listed on: 04/01/2015

EXP Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,088

Lot Details

  • 6,970

Schools

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

Additional Features

  • 6,970 Sq Ft Lot
  • Residence on Property

Community Details

  • Isle Of Palms Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$6,088

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street
  • Co List Office Mls Id: 8244
  • Co List Office Phone: 843-628-0008
  • Subdivision Name: Isle of Palms
  • Directions: Coming From The Iop Connector Take A Right Onto Palm. Turn Left At 7th Avenue And The House/house Is On The Right Corner At The Stop Sign.
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Other Structures: Residence

Garage/Parking

  • Open Parking: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 6969.6
  • Number Of Lots: 1
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5681000127
  • Tax Annual Amount: 6088

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Patel Nihar H
Bought by
625 Carolina Llc
Current Estimated Value
$4,044,417

Purchase Details

Listed on
Apr 1, 2015
Closed on
Aug 7, 2015
Sold by
Thornburg Glenn T and Thornburg Ruth S
Bought by
Patel Nihar H
Seller's Agent
Janice Harper
EXP Realty LLC
Buyer's Agent
Janice Harper
EXP Realty LLC
List Price
$527,000
Sold Price
$527,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.60%
Original Mortgage
$395,250
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 31, 2001
Sold by
Firmender Gary W
Bought by
Thornburg Glenn T and Thornburg Ruth S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
625 Carolina Llc -- None Listed On Document
Patel Nihar H $527,000 --
Thornburg Glenn T $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 625 Carolina Llc $1,750,000
Previous Owner Patel Nihar H $500,000
Previous Owner Patel Nihar H $2,044,000
Previous Owner Patel Nihar H $2,020,000
Previous Owner Patel Nihar H $500,000
Previous Owner Patel Nihar H $1,324,000
Previous Owner Patel Nihar H $240,000
Previous Owner Patel Nihar H $1,077,000
Previous Owner Patel Nihar H $1,061,165
Previous Owner Patel Nihar H $395,250
Previous Owner Thornburg Glenn T $150,000
Previous Owner Thornburg Glenn T $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2015 08/07/15 Sold $527,000 0.0% --
07/08/2015 07/08/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $527,000 -- --
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 $4,780 $62,100 $0 $0
2023 $4,780 $62,100 $0 $0
2022 $4,776 $62,100 $0 $0
2021 $5,133 $62,100 $0 $0
2020 $5,335 $62,100 $0 $0
2019 $4,761 $54,000 $0 $0
2017 $6,706 $31,500 $0 $0
2016 $6,601 $31,620 $0 $0
2015 $5,186 $25,930 $0 $0
2014 $5,135 $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: 15008339

CHS Regional MLS

APN: 568-10-00-127