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$874,000

Beds
4
Baths
3.5
sq ft
3,143

5217 Oak Cove Ln, Hollywood, SC 29449

5217 Oak Cove Ln

Hollywood, SC 29449

  • 97 days on market
    • Price drop $25,000↓
Calling all multigenerational buyers and savvy investors! Your dream property awaits in the prestigious gated community of Stono Ferry. Nestled on a generous Cul De Sac lot, this exceptional custom home boasts unparalleled uniqueness.Welcome to a residence designed for ultimate flexibility. Offering two distinct yet private units within one roof, this property is perfectly suited for multigenerational living or generating passive income through rental opportunities.The upper level presents a luxurious 1300sqft ''apartment'' featuring a seamless open-concept layout encompassing living, dining, and kitchen areas. Revel in the opulence of bamboo flooring, a cozy gas fireplace, and bespoke built-in cabinets and shelving. The kitchen exudes sophistication with top-of-the-line cabinetry adorned with glass accents, stunning quartzite countertops, and a gas range for culinary enthusiasts. A spacious laundry/pantry and office space add convenience. Retreat to the expansive primary bedroom boasting a generous walk-in closet and ensuite bath, or unwind in the screened porch. Access is granted via the elevator or an exterior staircase. Descending to the lower level reveals a 3-bedroom, 2-bathroom haven mirroring the upper floor's open-concept design. Here, a well-appointed kitchen awaits with custom cabinets, a pantry, convection oven, and gas cooktop. Enjoy the added convenience of laundry facilities and a large private screened porch. Access this level effortlessly via the elevator or an exterior staircase. On the ground floor, a 3-car garage awaits alongside space for a 4th car or boat under a convenient carport. A half bathroom and spacious conditioned storage room cater to practical needs. This home boasts specialty features that elevate its value, including steel frame and foam insulated Insulsteel construction, complemented by a solar panel roof that keeps average electric bills at a mere $36. All windows are impact-rated for added safety, while a central vac system and security cameras provide peace of mind. No flood insurance required. Please note: There is no interior staircase between floors, ensuring privacy and distinct living spaces. Access all areas through exterior entrances or the provided elevator. Whether you have been searching for the perfect multigenerational home or searching or a "house hacking" investment opportunity- Don't miss out on this exceptional property. Discover the vibrant community of Stono Ferry, offering amenities such as the Charleston Cup Steeplechase, the Links at Stono Ferry golf course, equestrian center, tennis courts, pickleball courts, Jr. Olympic-sized swimming pool, playground, and pavilion. Conveniently located near highways, beaches, shopping, dining, Charleston International Airport, and Historic Downtown Charleston, Stono Ferry provides the perfect blend of luxury living and coastal charm.

Details

Property type

Single Family Residence

Est. home value

$1,026,041

Lot size

0.32 acres

Price per sq ft

$279

Year built

2017

HOA fee

$560

Price History

06/28/2024
CTAR

CTAR #24008063

Listed
$874,000
05/17/2024
CTAR

CTAR #24008063

Pending
$874,000
05/06/2024
CTAR

CTAR #24008063

Price change
$874,000
-2.78%

Schools & Community

Elementary school: 

Lowcountry Leadership Charter

Middle school: 

Lowcountry Leadership Charter

High school: 

Lowcountry Leadership Charter

Community features: 

Clubhouse, Fitness Center, Gated, Park, Pool, 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

Townebank Mortgage

Loan start date

November 2017

Original loan amount

$954,225

Est. remaining balance

Not provided

Interest rate

3.83%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 79 year

Seller

Marjorie A Boggs

Lender

Capital Bank Na

Loan start date

May 2015

Original loan amount

$360,000

Est. remaining balance

Not provided

Interest rate

3.37%

Loan type

Building or Construction Loan, 30 year

Seller

Marjorie A Boggs

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: 07/07/2024 at 4:40 PM

Listing updated: 06/28/2024 at 4:13 PM

Listed by: Elyssa St.pierre, Southeastern Phone #: (843) 458-0827

MLS: CTAR #24008063

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