tomo logo

$950,000

Beds
2
Baths
2.0
sq ft
Unknown

5804 Palmetto Dr Unit A-405/407, Isle Of Palms, SC 29451

5804 Palmetto Dr Unit A-405/407

Isle of Palms, SC 29451

  • 2 days on market
Experience the epitome of coastal luxury at 5804 Palmetto Drive, Unit 405/407, nestled in the Residences at Sweetgrass Village within the prestigious Wild Dunes. This turnkey 2-bedroom, 2-bathroom condo boasts modern updates including an updated kitchen, sleek flooring, and stylish furnishings. The open-concept kitchen seamlessly transitions into the living and dining area. Relish the comfort of the primary bedroom featuring direct porch access and a well-appointed ensuite. The second bedroom offers flexibility as a private hotel-style room with its own balcony and bathroom. Fully furnished and ready for immediate enjoyment, this condo presents stunning sunset views and a coveted location just steps from the beach. Don't miss the chance to indulge in resort living at its finest!

Details

Property type

Condominium

Est. home value

$800,656

Lot size

Unknown

Price per sq ft

Unknown

Year built

2007

Monthly HOA fee

$78

Price History

01/30/2025
CTAR

CTAR #25002421

Listed
$950,000
+29.25%
05/10/2023
CTAR

CTAR #22013733

Sold
$735,000

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

Community features: 

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

$369,444
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$504,556
Cash to seller
$369,444

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

Seller’s Loan History

Lender

Citadel Servicing Corporation

Loan start date

May 2023

Original loan amount

$514,500

Est. remaining balance

$504,556

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Karl Erich Chatham

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?

Status: Active

Tomo last checked: 02/02/2025 at 4:50 AM

Listing updated: 01/30/2025 at 6:20 PM

Listed by: Nikki Cifelli, 32 South Properties, LLC Phone #: (843) 860-3886

MLS: CTAR #25002421

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