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$1,449,000

Beds
3
Baths
3.0
sq ft
Unknown

3550 Princess Pond Rd, Summerton, SC 29148

3550 Princess Pond Rd

Summerton, SC 29148

  • 78 days on market
Welcome to 3550 Princess Pond Road, a custom-built log home on the Big Waters of Lake Marion. Crafted using the traditional Swedish coping technique with 9-inch solid spruce logs, this home offers a unique blend of rustic charm and modern luxury. Inside, you'll find custom log stairs from Michigan, stunning live-edge granite countertops from Texas, and a fireplace mantle with history, sourced from the San Juan Forest fire. The custom Cypress cabinets and a bar on the screened-in back porch create a perfect space for entertaining. Relax in the brand-new inground swimming pool, soak in the hot tub, or enjoy the serene lake views from your private dock. The master suite on the second floor boasts a spacious walk-in closet, a luxurious bathroom with a walk-in shower, and a classic clawfoottub. Two additional bedrooms offer plenty of space, complemented by a beautifully designed bathroom with granite finishes and a walk-in shower. A detached garage with a full bathroom adds potential for additional living space, making this home versatile and inviting. Currently a successful vacation rental, this property generates over $100,000 in annual revenue, making it an exceptional investment opportunity or your dream lakeside retreat.

Details

Property type

Single Family Residence

Est. home value

$925,044

Lot size

0.64 acres

Price per sq ft

Unknown

Year built

2007

Annual property taxes

$20,548.77

Price History

10/05/2024
CTAR

CTAR #24025648

Listed
$1,449,000
-0.06%
09/23/2024
CTAR

CTAR #24020814

Removed
$1,449,900
08/16/2024
CTAR

CTAR #24020814

Listed
$1,449,900
-3.02%

Schools & Community

Elementary school: 

St. Paul Primary

Middle school: 

Scotts

High school: 

Scotts

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

$705,315
Asking price
$1,449,000
Closing costs (~8% of asking)
-$115,920
Est. remaining loan balance
-$627,765
Cash to seller
$705,315

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

Seller’s Loan History

Lender

Homebridge Financial Services Inc

Loan start date

July 2022

Original loan amount

$650,000

Est. remaining balance

$627,765

Interest rate

5.23%

Loan type

New Conventional, 30 year

Seller

John Oleary and Sheri Oleary

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: 12/22/2024 at 7:10 PM

Listing updated: 10/05/2024 at 6:28 PM

Listed by: Jon Hovermale, Brand Name Real Estate Phone #: (843) 532-9133

MLS: CTAR #24025648

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