tomo logo

$1,800,000

Beds
3
Baths
2.0
sq ft
Unknown

2502 Waterway Blvd, Isle Of Palms, SC 29451

2502 Waterway Blvd

Isle of Palms, SC 29451

  • 9 days on market
Turnkey, Beach Cottage featured on HGTV! This beautifully renovated 3-bedroom, 2-bathroom home is a true coastal gem, offering both luxurious living and high investment potential. This 1,323 sq. ft. home was fully renovated in 2017 and updated again in 2024, blending modern design with timeless charm. The open floor plan, vaulted ceilings, and engineered hardwood floors throughout create a grand and inviting space. The living room is adorned with shiplap walls, maintaining the coastal vibe, + gas log fireplace while the chef's kitchen shines with a 48'' gas range, stainless steel appliances, and tons of cabinetry & counterspace. There is also a wet bar with wine fridge and glass front accent cabinets. Right off the kitchen is a huge screen porch with vaulted ceiling, and tile bar......entertainment area with beverage refrigerators. Off of the screen porch is another deck perfect for entertaining. You'll love the low-maintenance composite decking, a heated saltwater pool, a putting green, and a separately fenced in play area. The turf yard adds to the home's low-maintenance appeal. Back inside, the primary suite is off the back of the home and has it's own private balcony overlooking the pool. Freshly painted & with new closet shelving (for all bedrooms), this home truly is move-in ready! Located just across the street from the Intracoastal Waterway and just two blocks from the beach, this home offers access to one of the island's two beach access points with dedicated golf cart parking. The Isle of Palms Rec Center is only two blocks away, offering basketball, tennis, pickleball, baseball diamonds, and more, along with year-round community events. Walk, bike, or take a quick golf cart ride to the beach, marina, rec center, grocery store, and local dining. With no HOA, the option to join Wild Dunes, and proximity to award-winning Charleston County schools, including the BEACHFRONT Sullivan's Island Elementary, this home is perfect for primary residents and vacationers alike. Less than 30 minutes from historic downtown Charleston, this turnkey property is also an investor's dream, offering projected rental income of over $150k/year with one of the highest cap rates on the island. This beach cottage combines low-maintenance luxury living with incredible rental potentialdon't miss your chance to own a piece of paradise!

Details

Property type

Single Family Residence

Est. home value

$1,111,299

Lot size

0.27 acres

Price per sq ft

Unknown

Year built

1976

Price History

09/09/2024
CTAR

CTAR #24023204

Listed
$1,800,000
+9.09%
03/15/2024
CTAR

CTAR #24001462

Sold
$1,650,000
-4.62%
02/02/2024
CTAR

CTAR #24001462

Pending
$1,730,000

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

Community features: 

Fitness Center, 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

United Wholesale Mortgage

Loan start date

February 2021

Original loan amount

$499,250

Est. remaining balance

$458,405

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Wendy Christine Thiel

Lender

Stearns Lending Llc

Loan start date

July 2020

Original loan amount

$498,600

Est. remaining balance

$455,454

Interest rate

3.21%

Loan type

New Conventional, 30 year

Seller

Wendy Christine Thiel

Lender

United Wholesale Mortgage

Loan start date

January 2020

Original loan amount

$498,000

Est. remaining balance

$451,541

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

Wendy Christine Thiel

Lender

South State Bank

Loan start date

February 2018

Original loan amount

$436,000

Est. remaining balance

Not provided

Interest rate

3.87%

Loan type

Building or Construction Loan, 30 year

Seller

Wendy Christine Thiel

Lender

Movement Mortgage

Loan start date

March 2017

Original loan amount

$384,300

Est. remaining balance

$327,021

Interest rate

4.09%

Loan type

New Conventional, 30 year

Seller

Wendy Christine Thiel

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: 09/19/2024 at 12:25 PM

Listing updated: 09/12/2024 at 6:08 AM

Listed by: Jen Mcconnell, McConnell Real Estate Partners Phone #: (843) 300-7585

MLS: CTAR #24023204

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