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$2,695,000

Beds
5
Baths
4.5
sq ft
Unknown

36 Fairway Oaks Ln, Isle Of Palms, SC 29451

36 Fairway Oaks Ln

Isle of Palms, SC 29451

  • 41 days on market
This rare five bedroom home sits in the heart of the Resort within easy walking distance to the beach, tennis courts, golf course, hotel and spa, bike rental, and much more. The home is being sold furnished (with exclusions) and lives large with an open floor plan that allows for large family gatherings and entertaining, complete with a generous screened porch and gas-powered fire pit. The kitchen is well-equipped and the pantry includes a temperature-controlled wine cellar. The primary bedroom is on the first floor with immediate access to the screened porch. The second floor consists of four bedrooms, three bathrooms, and a large rooftop deck for guests to use as their own private retreat. One of the guest rooms is a bunk room that sleeps four! There is a very spacious two cargarage, a new outdoor shower, and plenty of extra storage. Three new HVAC units were recently installed and are under warranty. Although it would require WDCA approval of submitted plans, the property has plenty of room for the addition of a pool (see attached survey). Wild Dunes Resort offers two Tom Fazio-designed golf courses, 12 hartrue tennis courts, five pickle ball courts, countless pools, a fitness center, and miles of walking paths. Come take a peek--you will not be disappointed!

Details

Property type

Single Family Residence

Est. home value

$2,419,858

Lot size

0.28 acres

Price per sq ft

Unknown

Year built

1987

Annual property taxes

$18,733

Monthly HOA fee

$75

Price History

09/24/2024
CTAR

CTAR #24024713

Listed
$2,695,000
+96%
09/22/2020
CTAR

CTAR #20022120

Sold
$1,375,000

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

Community features: 

Clubhouse, Fitness Center, Gated, Pool, Tennis Court(s)

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

$1,541,956
Asking price
$2,695,000
Closing costs (~8% of asking)
-$215,600
Est. remaining loan balance
-$937,444
Cash to seller
$1,541,956

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

September 2020

Original loan amount

$1,031,250

Est. remaining balance

$937,444

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Richard M Mcrae and Ashley Dalton Mcrae

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: 11/05/2024 at 8:50 AM

Listing updated: 10/17/2024 at 9:55 PM

Listed by: Ann Cortes, Carolina One Real Estate Phone #: (843) 886-8110

MLS: CTAR #24024713

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