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$2,599,999

Beds
4
Baths
4.5
sq ft
Unknown

8707 Palmetto Rd, Edisto Island, SC 29438

8707 Palmetto Rd

Edisto Island, SC 29438

  • 80 days on market
    • Price drop $100,001↓
Welcome to this stunning custom home in the highly sought-after Neck of Edisto Island, providing over 3300 square feet of living space on a sprawling 1.75-acre lot. With four generously sized bedrooms and 4.5 bathrooms, this breathtaking property boasts unparalleled luxury and comfort. Enjoy the ultimate waterfront living with your own personal dock on a deep water site, perfect for soaking up the sun and taking in the panoramic views from every angle. Relax on your expansive back deck, where sea breezes and serene surroundings create the perfect atmosphere for relaxation. Inside, be greeted by soaring cathedral ceilings and large windows framing stunning water views. The chef's kitchen is a culinary dream, featuring granite countertops and beautiful pine floors that add warmth and charm. Cozy up by the fireplace on chilly evenings, and retreat to the spacious primary suite, complete with an ensuite bathroom and large walk-in closet. Additional features include a two-car garage with extra storage and a carport, all nestled within a picturesque wrap-around driveway surrounding a majestic angel oak tree. Don't miss this incredible opportunity to own a piece of Edisto Island paradise. Schedule a showing today!

Details

Property type

Single Family Residence

Lot size

1.8 acres

Price per sq ft

Unknown

Year built

1991

Annual property taxes

$7,852.07

Price History

10/04/2024
CTAR

CTAR #24020517

Price change
$2,599,999
-3.7%
08/14/2024
CTAR

CTAR #24020517

Listed
$2,700,000
+110.12%
05/25/2021
CTAR

CTAR #21005797

Sold
$1,285,000

Schools & Community

Elementary school: 

Jane Edwards

Middle school: 

Colleton

High school: 

Colleton

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

$362,371
Asking price
$2,599,999
Closing costs (~8% of asking)
-$208,000
Est. remaining loan balance
-$2,029,628
Cash to seller
$362,371

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

August 2013

Original loan amount

$3,707,578

Est. remaining balance

$2,029,628

Interest rate

4.29%

Loan type

New Conventional, 20 year

Seller

John W Anderson and Glennis H Anderson

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: 11/03/2024 at 8:00 AM

Listing updated: 10/04/2024 at 2:33 PM

Listed by: Rachel Brown, Redfin Corporation Phone #: (843) 595-4873

MLS: CTAR #24020517

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