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$1,100,000

Beds
4
Baths
2.0
sq ft
1,069

206 Palmetto Blvd, Edisto Island, SC 29438

206 Palmetto Blvd

Edisto Island, SC 29438

  • Pending
Classic beachfront cottage ready for beach living! The home features spacious living area, 4 bedrooms, 2 full baths, dining area and kitchen with plenty of cabinetry for storage. Make this the perfect getaway to invite family and friends for a day on the island. Decorate with seaside inspired furnishings or simplify to your taste, either way it can be a terrific landing place in paradise. Rental income for 2023 was $92,000 2024 is $94,000- Great Investment property.

Details

Property type

Single Family Residence

Est. home value

$952,326

Lot size

0.25 acres

Price per sq ft

$1,029

Year built

1970

Annual property taxes

$13,019.9

Price History

08/10/2024
CTAR

CTAR #24018582

Pending
$1,100,000
07/21/2024
CTAR

CTAR #24018582

Listed
$1,100,000
+52.78%
08/03/2021
CTAR

CTAR #21008332

Sold
$720,000

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

$501,175
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$510,825
Cash to seller
$501,175

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

May 2021

Original loan amount

$548,250

Est. remaining balance

$510,825

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Holly Rae Meyer

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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3203 Palmetto Blvd, Edisto Island, SC 29438

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Status: Pending/Under Contract

Tomo last checked: 09/07/2024 at 9:50 PM

Listing updated: 08/24/2024 at 5:33 AM

Listed by: Jeanine Rhodes, Home Advantage Realty LLC Lowcountry Phone #: (843) 400-3056

MLS: CTAR #24018582

CTAR logo

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