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$5,500,000

Beds
4
Baths
4.0
sq ft
Unknown

1773 Atlantic Av, Sullivans Island, SC 29482

1773 Atlantic Av

Sullivans Island, SC 29482

  • 49 days on market
Welcome to Oceanfront Sullivans Island! With clear views of the Atlantic ocean and a private beach path, this 4 bed 4 bath 2784 sqarefoot classic beach house is an absolute gem. Completely expanded and restored in 2004 and with many updates since then this beach house is turn key and ready to go. With a huge front and back porch and an original 1950s chimney the house exudes charm at every turn. The home is laid out with the master and a guest room on the main level where a vaulted great room enjoy ocean breezes and views. Downstairs there is another living room and mini kitchen and 2 more bedrooms with en suite bathrooms. The home also features a copper roof, IPE decking, vaulted ceilings with bead board, a generator, and even a rooftop crows nest for watching the cargo ships go by!There are plenty of options to expand the home even further. If you are looking for a large oceanfront property on Sullivans Island this is a rare opportunity at this price.

Details

Property type

Single Family Residence

Est. home value

$4,653,455

Lot size

0.4 acres

Price per sq ft

Unknown

Year built

1951

Price History

10/04/2024
CTAR

CTAR #24025575

Listed
$5,500,000
+7.84%
03/21/2022
CTAR

CTAR #21022287

Sold
$5,100,000

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

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

Newtek Small Business Finance Llc

Loan start date

March 2023

Original loan amount

$1,300,000

Est. remaining balance

Not provided

Interest rate

5.52%

Loan type

SBA Participation Trust Deed, 10 year

Seller

Michael A Smith and Erika M Smith

Lender

Pentagon Fcu

Loan start date

March 2022

Original loan amount

$4,080,000

Est. remaining balance

$3,866,695

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Michael A Smith and Erika M Smith

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: 11/22/2024 at 3:55 PM

Listing updated: 10/04/2024 at 6:33 PM

Listed by: Alex Brener, Carolina One Real Estate Phone #: (843) 884-1622

MLS: CTAR #24025575

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