tomo logo

$389,900

Beds
2
Baths
2.0
sq ft
1,462

487 Tall Ship Dr Unit 121, Salem, SC 29676

487 Tall Ship Dr Unit 121

Salem, SC 29676

  • 144 days on market
    • Price drop $20,100↓
The Keowee Life is easy to enjoy in this Tall Ship unit in the Cutter building located in Keowee Key in the Tall Ship condominiums. Located on the 1st floor, this home is a popular rental choice for Keowee Key visitors because the gated community is a desirable destination. This amenity-rich Lake Keowee gated community offers an array of venues. The walking trail, also known as the "leisure" trail, is linked to the Tall Ship buildings at the North Marina where the outdoor salt-water pool, and the Lakeview room are located. This home is being sold "turn-key" net of a few exclusions. You can use it and generate rental income if desired. The annual Keowee Key fees for 2024 are $5,076. The Tall Ship "regime fees" are $4,980 annually billed quarterly at $1,245.00 per quarter. The new owners will pay a one-time fee of $6,855 to Keowee Key at closing and $3,000 to Tall Ships. New buyers will apply for their assigned parking space. There is also an assigned storage room in the basement for added space. The home will be sold with the furniture, kitchen dishes, glasses, cookware, and silverware in the condo. The information provided is deemed reliable, but the information is not guaranteed. Any fees provided, including covenants/restrictions, are easily verified for both the Tall Ship association, www.tallshipscondos.com, and Keowee Key, 864-944-2312. Buyers are responsible for verifying the information regarding the condo, the Tall Ship HOA, and the Keowee Key POA. The construction loan for this home has been paid. PARKING SPACE IS #5. Home is not available to be shown during rental periods that are subject to change: Scheduled Rentals: June 21st - June 23 July 1st - July 6th July 11th - July 20th July 21st - July 25th Rental income - 2024 - $18,504

Details

Property type

Condominium

Est. home value

$309,962

Lot size

Unknown

Price per sq ft

$267

Year built

1988

Price History

10/02/2024
WesternUpstateMLS

WesternUpstateMLS #20275873

Price change
$389,900
-4.9%
06/17/2024
WesternUpstateMLS

WesternUpstateMLS #20275873

Listed
$410,000
+41.38%
06/09/2023
WesternUpstateMLS

WesternUpstateMLS #20259104

Sold
$290,000

Schools & Community

Elementary school: 

Keowee Elem

Middle school: 

Walhalla Middle

High school: 

Walhalla High

Community features: 

Clubhouse, Gated, Golf, 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

$158,830
Asking price
$389,900
Closing costs (~8% of asking)
-$31,192
Est. remaining loan balance
-$199,878
Cash to seller
$158,830

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

Seller’s Loan History

Lender

Ameris Bank

Loan start date

June 2023

Original loan amount

$203,000

Est. remaining balance

$199,878

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Joseph S Tucker and Alexander Tucker

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: 11/08/2024 at 4:10 PM

Listing updated: 10/09/2024 at 12:44 PM

Listed by: The Cason Group, Keller Williams Seneca Phone #: (864) 482-2700

MLS: WesternUpstateMLS #20275873

WesternUpstateMLS logo

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