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$5,500,000

Beds
4
Baths
4.5
sq ft
4,124

7 Driftwood Ln, Isle Of Palms, SC 29451

7 Driftwood Ln

Isle of Palms, SC 29451

  • 264 days on market
    • Price drop $400,000↓
Absolutely one of the best spots on the Island! Located on the backside of the Isle of Palms, this property has everything one desires for island living; deep water dock, pool, and a beautiful home to go along with it. Heart-pine hardwood flooring throughout the entire home, wainscoting is featured in many parts of the house along with ornate crown molding and ship lapped ceilings in the main living area. The kitchen area has new, but made to look reclaimed wood that covers the entirety of the wall, along with granite countertops and modern appliances . Enjoy your dinners in the dining room or in the screened in sun room.The exterior of the home has all the features you'd want to enjoy the outdoors. Both levels of the home have decks to take in the incredible views, as well as a groun

Details

Property type

Single Family Residence

Est. home value

$5,669,515

Lot size

0.31 acres

Price per sq ft

$1,334

Year built

1993

Annual property taxes

$8,061

Price History

03/31/2024
CTAR

CTAR #23023694

Price change
$5,500,000
-6.78%
10/17/2023
CTAR

CTAR #23023694

Listed
$5,900,000
+133.66%
07/22/2016
CTAR

CTAR #16019668

Sold
$2,525,000

Schools & Community

Elementary school: 

Sullivans Island

Middle school: 

Moultrie

High school: 

Wando

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

Logan Finance Corp

Loan start date

October 2023

Original loan amount

$1,995,000

Est. remaining balance

$1,982,233

Interest rate

7.23%

Loan type

New Conventional, 30 year

Seller

Michael Frank Zimmer

Lender

First Citizens Bank & Trust Co

Loan start date

March 2023

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.13%

Loan type

Credit Line (Revolving), 25 year

Seller

Michael Frank Zimmer

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 6:15 PM

Listing updated: 06/30/2024 at 4:33 PM

Listed by: Winslow Carroll, Carroll Realty Phone #: (843) 886-9600

MLS: CTAR #23023694

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