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$1,500,000

Beds
4
Baths
3.0
sq ft
2,129

1305 Palmetto Blvd, Edisto Island, SC 29438

1305 Palmetto Blvd

Edisto Island, SC 29438

  • 47 days on market
Don't miss this incredible opportunity to own a truly turn key 2nd row custom built home in beautiful Edisto, SC with pool, easy beach access and strong income history (and only part time!) This elevated 4 bedroom, 3 bath home comes fully furnished on a spacious corner lot. Enjoy beautiful days on the beach, returning home to your own private swimming pool, and sunsets overlooking outstanding ocean views! This coastal cottage has been completely renovated with an open and airy floor plan and designer featurs. Step inside to find a large great room featuring a living area with large fireplace, dining room, built in breakfast nook, and kitchen with quartz countertops and stainless appliances.The spacious owner's suite opens out to a private screened porch, perfect for relaxing with your morning coffee. The owner's bathroom features a walk-in shower with coastal tile and double sinks. Two additional bedrooms and and two full bathrooms are located on the main level. On the top floor there is a fourth bedroom with a great ocean view. There is also a bonus loft that makes for a great 5th sleeping area. Outside on the main level you will find an open sundeck and two screened porches, one being an additional dining area off the kitchen. The ground level has owners, storage, and laundry. Outside, are is fully latticed for privacy with underneath parking, screened picnic area, and enclosed walk-in shower, and outdoor sink. The beautifully landscaped corner lot offers privacy foliage showcasing an inground pool with heater, expansive sunning area, firepit, outside shower and large gazebo sitting area. Current owners have done over $125,000 worth of improvements since purchasing in 2021 including brand new roof, new siding, new front decking, news stairs, AC unit, heater, appliances, new exterior paint, interior paint, and staining, just to name a few! Current owners have personally used the home about 40% of the year and even at that, their net income revenue in booked rentals totaled over $82,000 in 2023. This home boasts an ideal location close to shopping, restaurants, the marina, boat ramps and golf, making it the perfect home or rental property location! All information within is to the best of Agents knowledge but any and all items of importance are the responsibility of Buyer and their Agent to confirm.

Details

Property type

Single Family Residence

Est. home value

$1,170,661

Lot size

0.26 acres

Price per sq ft

$705

Year built

1982

Price History

07/22/2024
CTAR

CTAR #24018673

Listed
$1,500,000
+87.5%
07/02/2021
CTAR

CTAR #21012478

Sold
$800,000

Schools & Community

Elementary school: 

Jane Edwards

Middle school: 

Colleton

High school: 

Colleton

Negotiation Insights

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

Seller could get up to

$1,007,583
Asking price
$1,500,000
Closing costs (~8% of asking)
-$120,000
Est. remaining loan balance
-$372,417
Cash to seller
$1,007,583

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Citizens Bank Na

Loan start date

July 2021

Original loan amount

$400,000

Est. remaining balance

$372,417

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Julio A Chalela and Susan K Chalela

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: 09/07/2024 at 9:30 PM

Listing updated: 08/23/2024 at 6:13 AM

Listed by: Sheryl Scholer, Carolina One Real Estate Phone #: (843) 577-9676

MLS: CTAR #24018673

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