NOT LISTED FOR SALE

8 Morgans Cove Ct Isle of Palms, SC 29451

Estimated Value: $2,028,000 - $2,433,000

3 Beds
3.5 Baths
2,084 Sq Ft
$1,034/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $1,730,000 $830 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $13,498/month

23 Days on Market

Highlights

  • Golf Course Community
  • Clubhouse
  • High Ceiling
  • Sullivans Island Elementary School Rated A
  • Charleston Architecture
  • Community Pool

About This Home

As of April 2022

This beautiful home is located in the coveted Wild Dunes resort & is a 7-min walk to the beach & 5-min walk to IOP marina. Property includes a 30' boat slip & golf cart less than 4-mo old. Flood Insurance not required!! Recently renovated, including new pipes & roof installed in 2020, updated bathrooms furniture & decor. Each of the 3 bedrooms offer a private bathroom including the master which boasts both a grand shower w/ dual showerheads and separate bathtub. The home has 2 patios, one off the living room & another off the master. Located in a quiet cul-de-sac right off the Harbor golf course & mere steps away from the neighborhood pool (almost in your backyard) this is the perfect home for either a residence or a strong turnkey rental making $83k June-Dec.

Last Agent to Sell the Property

Krista Swingle

AgentOwned Realty Preferred Group License #119769 Listed on: 01/10/2022

AgentOwned Realty Preferred Group

Last Buyer's Agent

Kim Chambers

Carolina One Real Estate License #102591

Carolina One Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,698

Year Built

  • Built in 1996

Lot Details

  • 3,485 Sq Ft Lot
  • Cul-De-Sac

HOA Fees

  • $77 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Charleston Architecture
  • Raised Foundation
  • Wood Siding

Interior Spaces

  • 2,084 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Patio

Schools

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

Utilities

  • Central Air
  • Heating Available

Community Details

Overview

  • Club Membership Available
  • Isle Of Palms Subdivision

Recreation

  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Community Pool
  • Trails

Additional Features

  • Clubhouse
  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,698

Year Built

Built in 1996

Lot Details

0

HOA Fees

$77 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Charleston Single
  • Year Built: 1996
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.08
  • Subdivision Name: Isle of Palms
  • Directions: Wild Dunes Is A Gated Community. All Agents Must Have A Yearly Contractors Pass To Enter (call Wild Dunes Community Association At 843-886-8847 To Purchase) Or Show Your Real Estate License And Pay $15 For A One Day Pass At The Back Gate (front Gate Cannot Take Money). Also, If Your Clients Are Driving Separately, They Need To Be Right Behind You In Line At The Gate.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 3
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Ceiling Fan(s)
  • Master Bedroom Features: Ceiling Fan(s), Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Lot Features: Cul-De-Sac
  • Construction Type: Wood Siding
  • Foundation Details: Raised
  • Patio And Porch Features: Patio
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No
  • Parking Features: 2 Car Garage, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy, IOP W/S Comm
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Club Membership Available, Golf Course, Golf Membership Available, Pool, Security, Tennis Court(s), Walk/Jog Trails
  • Association Fee: 924
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5710800076
  • Tax Annual Amount: 8698

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Apr 25, 2022
Sold by
Samfaith Llc
Bought by
Gulf Dr Llc
Seller's Agent
Krista Swingle
AgentOwned Realty Preferred Group
Buyer's Agent
Kim Chambers
Carolina One Real Estate
List Price
$1,850,000
Sold Price
$1,730,000
Premium/Discount to List
-$120,000
-6.49%
Current Estimated Value
$2,154,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,159
Avg. Annual Appreciation
6.52%

Purchase Details

Listed on
Mar 19, 2021
Closed on
Apr 26, 2021
Sold by
John Fessler Jeffrey
Bought by
Samfaith Llc
Seller's Agent
Landon Davis
BHHS Carolina Sun Real Estate
Buyer's Agent
Erica Zepp
The Boulevard Company
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.95%
Original Mortgage
$840,000
Interest Rate
2.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2016
Sold by
Mullins Philip W and Mullins Diane C
Bought by
Cheyenne Holding Corporation

Purchase Details

Closed on
Oct 15, 1999
Sold by
Newcome Charles B and Sue Sandra
Bought by
Carico Thomas D and Carico Deborah H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Gulf Dr Llc $1,730,000 None Listed On Document
Samfaith Llc -- Mccants Law Firm
Fessler Jeffrey John $1,050,000 None Listed On Document
Cheyenne Holding Corporation $1,112,500 --
Carico Thomas D $498,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fessler Jeffrey John $840,000
Previous Owner Carico Thomas D $498,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2022 04/28/22 Sold $1,730,000 -6.5% $830 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $1,850,000 +76.2% $888 / Sq Ft
04/26/2021 04/26/21 Sold $1,050,000 0.0% $504 / Sq Ft View Prior Sale
03/27/2021 03/27/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,050,000 -- $504 / 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 $23,864 $103,800 $0 $0
2023 $23,864 $103,800 $0 $0
2022 $16,916 $77,860 $0 $0
2021 $8,698 $40,110 $0 $0
2020 $8,581 $40,110 $0 $0
2019 $7,875 $34,880 $0 $0
2017 $7,520 $34,880 $0 $0
2016 $7,221 $34,880 $0 $0
2015 $6,874 $34,880 $0 $0
2014 $8,045 $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: 22000638

CHS Regional MLS

APN: 571-08-00-076