NOT LISTED FOR SALE

Shipwatch 7600 Palmetto Dr Unit 324 Isle of Palms, SC 29451

Estimated Value: $1,203,000 - $1,455,000

3 Beds
3 Baths
1,291 Sq Ft
$1,015/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $856,000 $663 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $9,018/month

33 Days on Market

Highlights

  • Beach Front
  • Gated Community
  • Elevator
  • Sullivans Island Elementary School Rated A
  • Community Pool
  • Balcony

About This Home

As of May 2020

This is a rare opportunity to buy one of the nicest condos currently in Shipwatch. This recently fully renovated Oceanfront condo is a rental machine! Average annual gross rental income is over $95k per year and is self managed with owners using several weeks per year before renovations just a few months ago. This three bedroom/ three bath condo was just FULLY renovated down to the studs in the walls - practically everything in this condo is brand new. Located in the D building at Shipwatch, situated directly parallel with the ocean, enjoy gorgeous sunrises every morning. In addition, it's a corner unit which means even more light with the most spectacular oceanviews and views of the Shipwatch resort pool.This three bedroom and three bath condo has a large open updated kitchen/dining and living area with incredible ocean views. The sellers have spared no expense with the renovations. The gourmet kitchen is fabulous featuring new quartz counters, custom cabinetry, and all stainless appliances. Amazing tile floors flow through the large open kitchen/dining and living area. Brand new carpet was recently installed in all three bedrooms. The Master bedroom has direct ocean views with direct access to the balcony. The second bedroom has its own private balcony and overlooks the courtyard. Bedroom #3 offers full size bunkbeds with a trundle bed too! Each bedroom has its own bathroom and all of the bathrooms have been renovated as well and feature beautiful granite countertops and amazing custom tile work in the baths. With the exception of a few personal items, the condo comes fully furnished.

Last Agent to Sell the Property

Melissa Martin

The Exchange Company, LLC License #40078 Listed on: 03/25/2020

Last Buyer's Agent

Amy Rogers

Crown Coast Properties License #94339

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,249

Year Built

  • Built in 1984

Lot Details

  • Beach Front
  • Irrigation

HOA Fees

  • $721 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Home Design

  • Raised Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,291 Sq Ft Home
  • Smooth Ceilings
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

Overview

  • Front Yard Maintenance
  • Club Membership Available
  • Wild Dunes Subdivision
  • 5-Story Property

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Golf Course Membership Available
  • Community Pool
  • Park
  • Trails

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,249

Year Built

Built in 1984

Lot Details

0

HOA Fees

$721 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Year Built: 1984
  • Property Sub Type: Single Family Attached
  • Ownership: Condominium
  • Subdivision Name: Wild Dunes
  • Directions: Enter Through The Main Gate Of Wild Dunes. Stay To The Right On Palmetto Drive, Shipwatch Is 1.75 Miles On Your Right Hand Side. Building D
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 5
  • Structure Type: Condominium
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 5

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling - Smooth, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Entrance Foyer, Living/Dining Combo
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s)

Exterior Features

  • Roof: Metal
  • Waterfront Features: Beach Access, Beach Front
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Balcony, Lawn Irrigation
  • Foundation Details: Raised
  • Property Condition: Pre-Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: No
  • Parking Features: 1 Car Garage, Attached, Off Street
  • Total Parking Spaces: 1

Utilities

  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Club Membership Available, Elevators, Gated, Golf Membership Available, Lawn Maint Incl, Park, Pool, Security, Storage, Trash, Walk/Jog Trails
  • Association Fee: 721
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 6041200353
  • Tax Annual Amount: 9248.62

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
May 20, 2020
Sold by
Crescent Moon Coastal Properties Llc
Bought by
Reddish Michael Allen and Reddish Katherine Elizabeth
Seller's Agent
Melissa Martin
The Exchange Company, LLC
Buyer's Agent
Amy Rogers
Crown Coast Properties
List Price
$856,000
Sold Price
$856,000
Current Estimated Value
$1,322,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,432
Avg. Annual Appreciation
8.54%
Original Mortgage
$684,800
Outstanding Balance
$609,478
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$701,341

Purchase Details

Closed on
Nov 16, 2016
Sold by
Campbell Kristen Allen and Campbell Paul Dennis
Bought by
Crescent Moon Coastal Properties Llc

Purchase Details

Closed on
Jun 3, 2016
Sold by
Whatley Aana L and Whatley Aana Lisa
Bought by
Campbell Kristen Aileen and Campbell Paul Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
3.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2011
Sold by
Whatley Aana L
Bought by
Whatley Aana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.83%
Mortgage Type
New Conventional
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
Reddish Michael Allen $856,000 None Available
Crescent Moon Coastal Properties Llc -- None Available
Campbell Kristen Aileen $685,000 --
Whatley Aana L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddish Michael Allen $684,800
Previous Owner Campbell Kristen Aileen $690,000
Previous Owner Whatley Aana L $325,000
Previous Owner Whatley Aana L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2020 05/26/20 Sold $856,000 0.0% $663 / Sq Ft
04/26/2020 04/26/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $856,000 -- $663 / 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 $11,920 $51,360 $0 $0
2023 $11,920 $51,360 $0 $0
2022 $11,217 $51,360 $0 $0
2021 $11,090 $51,360 $0 $0
2020 $8,457 $39,520 $0 $0
2019 $9,249 $41,100 $0 $0
2017 $8,834 $41,100 $0 $0
2016 $6,401 $30,840 $0 $0
2015 $6,093 $30,840 $0 $0
2014 $8,382 $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: 20008496

CHS Regional MLS

APN: 604-12-00-353