NOT LISTED FOR SALE

8962 Palmetto Rd Edisto Island, SC 29438

Edisto Island Neighborhood

Estimated Value: $821,000 - $1,003,000

1.81 Acres
$503,925 Price per Acre
78,844 Sq Ft Lot

Last Sold July 02, 2021

Last sale price $138,500

Est. 559% increase in value since last sale

Current estimated payment $5,219/month

101 Days on Market

Highlights

  • 1.81 Acre Lot
  • Wooded Lot
  • Property fronts a marsh
  • Pond
  • Elevated Lot
  • Level Lot

About This Lot

As of July 2021

Marsh front/pond front potential homesite in one of Edisto's premiere subdivisions, The Neck. Enjoy the sights and sounds of nature in this beautiful area covered in beauty! There is approximately 165 ft. of marsh frontage, waiting to be viewed! Come join our community and own a piece of heaven! Septic Permit in hand for a 5 bedroom home.

Last Agent to Sell the Property

Jeanine Rhodes

Home Advantage Realty LLC Lowcountry License #49673 Listed on: 12/04/2020

Last Buyer's Agent

Jeanine Rhodes

Home Advantage Realty LLC Lowcountry License #49673 Listed on: 12/04/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,328

Lot Details

  • 1.81 Acre Lot
  • Property fronts a marsh
  • Property fronts a state road
  • Elevated Lot
  • Level Lot
  • Wooded Lot

HOA Fees

  • $10 Monthly HOA Fees

Schools

  • Jane Edwards Elementary School
  • Colleton Middle School
  • Walterboro High School

Community Details

Overview

  • The Neck Subdivision

Building Details

  • Income includes ["none"]

Recreation

  • Pond

Property Details

Property Type

Land

Est. Annual Taxes

$1,328

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.81
  • Road Frontage Type: State/County Road
  • Road Surface Type: Paved
  • Subdivision Name: The Neck
  • Directions: Take Hwy 174 To Palmetto Road. Go To Neck Then First Right At Stop Sign Lot Down On Right
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: 1 - 2 Acres, High, Level, Wooded
  • Waterfront Features: Marshfront, Pond
  • Waterfront: Yes

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Water Connected

Condo/Co-op/Association

  • Association Fee: 125
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Jane Edwards
  • High School: Walterboro
  • Middle Or Junior School: Colleton

Lot Info

  • Development Status: Subdivision
  • Lot Size Sq Ft: 78843.6
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3600000212
  • Tax Annual Amount: 1328

Multi Family

  • Income Includes: ["None"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Jun 18, 2021
Sold by
Rosemond Richard L
Bought by
Smith Benjamin
Seller's Agent
Jeanine Rhodes
Home Advantage Realty LLC Lowcountry
Buyer's Agent
Jeanine Rhodes
Home Advantage Realty LLC Lowcountry
List Price
$150,000
Sold Price
$138,500
Premium/Discount to List
-$11,500
-7.67%
Current Estimated Value
$912,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$773,605
Avg. Annual Appreciation
54.70%

Purchase Details

Closed on
Mar 30, 2007
Sold by
Bailey Daniel E and Bailey Sharon S
Bought by
Rosemond Richard L and Rosemond Amy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2005
Sold by
Lybrand Family Llc
Bought by
Bailey Daniel E and Bailey Sharon S

Purchase Details

Closed on
Jan 17, 2003
Sold by
Edisto Sales & Rentals Realty Inc
Bought by
Lybrand Family Llc
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
Smith Benjamin $138,500 None Listed On Document
Rosemond Richard L $278,000 None Available
Bailey Daniel E $150,000 --
Lybrand Family Llc $2,025,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosemond Richard L $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $138,500 -7.7% --
03/16/2021 03/16/21 Pending -- -- --
12/04/2020 12/04/20 For Sale $150,000 -- --
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 $5,113 $578,000 $138,500 $439,500
2023 $5,113 $578,000 $138,500 $439,500
2022 $2,840 $138,500 $138,500 $0
2021 $1,325 $65,000 $65,000 $0
2020 $1,329 $65,000 $65,000 $0
2019 $1,329 $65,000 $65,000 $0
2018 $1,315 $3,900 $3,900 $0
2017 $1,278 $3,900 $0 $0
2016 $1,769 $5,400 $5,400 $0
2015 -- $5,400 $5,400 $0
2014 -- $5,400 $5,400 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeanine Rhodes

    Home Advantage Realty LLC Lowcountry

    (843) 893-7702

    134 in this area

    140 Total Sales

    Jeanine Rhodes
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Map

Source: CHS Regional MLS

MLS Number: 20032383

CHS Regional MLS

APN: 360-00-00-212

South Carolina Colleton County Edisto Island 29438 Edisto Island

8962 Palmetto Rd, Edisto Island, SC

This home is located at 8962 Palmetto Rd, Edisto Island, SC 29438 since 04 December 2020 and is currently estimated at $912,105. 8962 Palmetto Rd is a home located in Colleton County with nearby schools including Colleton County Middle and Colleton County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved

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