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$3,150,000

Beds
6
Baths
5.0
sq ft
3,394

109 Carolina Blvd, Isle Of Palms, SC 29451

109 Carolina Blvd

Isle of Palms, SC 29451

  • 82 days on market
Welcome to ''Carolina Elegance,'' a luxurious beach house located just steps from the ocean, offering a lifestyle defined by luxury, elegance, and versatility to live, vacation, and/or rent! Featuring 6 bedrooms, 5 bathrooms, a heated saltwater pool, expansive porches on each floor, and an elevator servicing all levels, making every area of the home easily accessible. This home has been meticulously maintained and offers a very functional floor plan designed for island living. The first level includes 3 bedrooms, each with beautifully renovated en-suite bathrooms. The massive kitchen, dining, and living area all flow seamlessly together, providing the ideal entertainment space. The second level boasts 3 more bedrooms and 2 bathrooms, along with plenty of additional living spacesinside and out. The backyard offers the perfect setting for relaxing! Spend the day at the beach and the evening lounging by the pool. Other features of the home include an outdoor shower, lounging area with turf, and solar panels. House is sold fully-furnished, minus some personal items, making it completely turn-key and ready for its new owners! Such a great investment opportunity! This high income producing property is an active STR with years of rental history and fantastic five star reviews. Grossed nearly $200k/year in '23 with only 45% occupancy! Already has over $58k on the books for this year!

Details

Property type

Single Family Residence

Est. home value

$3,166,907

Lot size

8,712 sq ft

Price per sq ft

$929

Year built

1984

Price History

04/09/2024
CTAR

CTAR #24008777

Listed
$3,150,000
-4.55%
03/13/2024
CTAR

CTAR #24003268

Removed
$3,300,000
02/20/2024
CTAR

CTAR #24003268

Price change
$3,300,000
-5.71%

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

Community features: 

Park, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Arc Home Llc

Loan start date

July 2023

Original loan amount

$2,000,000

Est. remaining balance

$1,982,133

Interest rate

6.69%

Loan type

New Conventional, 30 year

Seller

Karen L Hunt and Michel D Hunt

Lender

United Community Bank

Loan start date

November 2020

Original loan amount

$734,000

Est. remaining balance

Not provided

Interest rate

2.37%

Loan type

New Conventional, 30 year

Seller

Karen L Hunt

Lender

Prosperity Home Mortgage Llc

Loan start date

July 2017

Original loan amount

$780,700

Est. remaining balance

Not provided

Interest rate

3.62%

Loan type

Adjustable Rate Mortgage, 20 year

Seller

Karen L Hunt

Lender

Prosperity Home Mortgage Llc

Loan start date

October 2016

Original loan amount

$768,750

Est. remaining balance

$640,601

Interest rate

3.46%

Loan type

New Conventional, 30 year

Seller

Karen L Hunt

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 06/30/2024 at 10:35 PM

Listing updated: 04/14/2024 at 10:40 AM

Listed by: Taylor Arent, Smith Spencer Real Estate Phone #: (843) 609-3979

MLS: CTAR #24008777

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