NOT LISTED FOR SALE

8990 Palmetto Rd Edisto Island, SC 29438

Edisto Island Neighborhood

Estimated Value: $665,979 - $1,331,000

1.99 Acres
$436,304 Price per Acre
86,684 Sq Ft Lot

Last Sold July 02, 2019

Last sale price $72,500

Est. 1,098% increase in value since last sale

Current estimated payment $4,851/month

60 Days on Market

Highlights

  • 1.99 Acre Lot
  • Wooded Lot
  • Elevated Lot

About This Lot

As of July 2019

Excellent buy on this beautifully wooded lot in The Neck, one of Edisto Island's most sought after communities! The Neck boasts luxury homes, paved roads, underground utilities, and a great location. This lot is only five minutes from the Live Oak Boat Landing and the meandering nature trails of Edisto Island State Park and only eight minutes from the beach. The lot features a high elevation, and a septic permit was issued in 2005 for a four-bedroom home. The 1.99 acres of space provides lots of privacy. This premium lot has been partially cleared and is easily walkable. It is priced to sell, so don't delay!

Last Agent to Sell the Property

Alex Cone

Carolina One Real Estate License #105384 Listed on: 02/04/2019

Carolina One Real Estate

Last Buyer's Agent

Sharon Bagwell

Anchor Coastal Realty, LLC License #100206

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,569

Lot Details

  • 1.99 Acre Lot
  • Lot Dimensions are 449 x 190 x462 x 190
  • Elevated Lot
  • Wooded Lot

Schools

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

Community Details

  • The Neck Subdivision

Listing and Financial Details

  • Tax Lot 30

Property Details

Property Type

Land

Est. Annual Taxes

$3,569

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.99
  • Lot Size: 449 X 190 X462 X 190
  • Road Surface Type: Paved
  • Subdivision Name: The Neck
  • Directions: From 174, Take Palmetto Road Behind Ace Hardware. Continue To Follow Palmetto Road Into The Neck. At The Stop Sign, Turn Right. The Lot Is Just Ahead On The Right Prior To The Curve In The Road.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: 1 - 2 Acres, High, Wooded

Garage/Parking

  • Open Parking: No

Schools

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

Lot Info

  • Development Status: Subdivision
  • Lot Size Sq Ft: 86684.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3600000227
  • Tax Lot: 30

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2019
Closed on
Jul 1, 2019
Sold by
Santangelo Vincent J
Bought by
Ananda Vanandrew Michael and Ananda Van Lisa
Seller's Agent
Alex Cone
Carolina One Real Estate
Buyer's Agent
Sharon Bagwell
Anchor Coastal Realty, LLC
List Price
$79,000
Sold Price
$72,500
Premium/Discount to List
-$6,500
-8.23%
Current Estimated Value
$868,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$795,745
Avg. Annual Appreciation
48.03%
Original Mortgage
$303,968
Outstanding Balance
$268,646
Interest Rate
4%
Mortgage Type
Construction
Estimated Equity
$599,599

Purchase Details

Closed on
Sep 15, 2005
Sold by
Werntz Edward C
Bought by
Santangelo Vincent J and Santangelo Jody P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2005
Sold by
Lybrand Family Llc
Bought by
Werntz Edward C
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
Ananda Vanandrew Michael $72,500 None Available
Santangelo Vincent J $161,000 --
Werntz Edward C $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ananda Vanandrew Michael $303,968
Previous Owner Santangelo Vincent J $161,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2019 07/02/19 Sold $72,500 -8.2% --
04/06/2019 04/06/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $79,000 -- --
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 $3,569 $400,400 $72,500 $327,900
2023 $3,569 $400,400 $72,500 $327,900
2022 $3,557 $400,400 $72,500 $327,900
2021 $3,540 $400,400 $72,500 $327,900
2020 $8,182 $400,400 $72,500 $327,900
2019 $1,635 $72,500 $72,500 $0
2018 $1,618 $4,800 $4,800 $0
2017 $1,572 $4,800 $4,800 $0
2016 $1,572 $4,800 $4,800 $0
2015 -- $4,800 $4,800 $0
2014 -- $4,800 $4,800 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Alex Cone

    Carolina One Real Estate

    (843) 868-1899

    28 in this area

    28 Total Sales

    Alex Cone
    Section Image

  • S

    Buyer's Agent in 2019

    Sharon Bagwell

    Anchor Coastal Realty, LLC

    (864) 993-8467

    10 in this area

    12 Total Sales

    Sharon Bagwell
    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 19003440

CHS Regional MLS

APN: 360-00-00-227

South Carolina Colleton County Edisto Island 29438 Edisto Island

8990 Palmetto Rd, Edisto Island, SC

This home is located at 8990 Palmetto Rd, Edisto Island, SC 29438 since 04 February 2019 and is currently estimated at $868,245. 8990 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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