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$309,962Estimated home value

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

  • Sold On 6/9/2023
    • Price drop $10,900↓
Looking for a high return on investment and a great cash flow? Look no further! This first-floor condo in the Cutter building of the Tall Ship is exactly what you've been looking for. 2BR and 2BA The Tall Ship Condo is just steps away to the lakeside of the beautiful Lake Keowee, the lighted walking trail, salt water pool and North Marina. Keowee Key, the premier gated, golf, tennis community offers fantastic amenities such as totally renovated clubhouse and the fitness center, a total of three pools (one indoor heated pool), two private marinas, private beaches, dog park and more. The guest bedroom has an original buid in bookcase, two twin beds and desk. The new waterheater was installed in 2021, a new HVAC in 2017, new countertops in 2022, the refigerator, dishwaher and eletric stove were replaced in 2022.The annual Keowee Key fee for 2023 is $4,890 and one time fee of $3,680, the new owner capital assesment. Tall Ship annual regime fee is $4,200 paid quarterly at $1,050/qtr and for the new owner one time transfer fee of $3,000 due at the closing. Buyers are responsible for verifying the information provided, including fees for both Keowee Key and Tall Ships condos. For more information please go to website: www.tallshipscondos.com.

Details

Property type

Condominium

Est. home value

$309,962

Lot size

Unknown

Price per sq ft

$212

Year built

Unknown

Annual property taxes

$1,593.66

HOA

Yes

Price History

02/24/2025
WesternUpstateMLS

WesternUpstateMLS #20275873

Removed
$349,000
06/17/2024
WesternUpstateMLS

WesternUpstateMLS #20275873

Listed
$349,000
+20.34%
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: 

Pool, Gated, Clubhouse, Fitness Center, Golf, Playground, 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

$85,225
Asking price
$309,000
Closing costs (~8% of asking)
-$24,720
Est. remaining loan balance
-$199,055
Cash to seller
$85,225

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

$199,055

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: Off Market

Tomo last checked: 02/24/2025 at 7:25 PM

Listing updated: 02/14/2025 at 3:44 PM

Listed by: Lidia Chalupa, Lake Life Realty (21160) Phone #: (864) 653-5253

MLS: WesternUpstateMLS #20259104

WesternUpstateMLS logo

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