3400 Palm, Isle of Palms, SC 29451
MLS #18015257
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3400 Palm, Isle of Palms, SC 29451

$6,200,000

STATUS:ACTIVE MLS #: 18015257 Days on Market: 236
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Welcome to ''Port of Call.'' Sleeping up to 36 guests (Grandfathered rental license of 28 adults will convey with purchase), you will have plenty of room to entertain family and friends alike.Being the highest rental revenue producing house on IOP, with an average of $617k of rental income the last two years, this home features: 1500 sq. ft. of outdoor decks, elevator, heated in-ground sportsman pool, chipping and putting green, private boardwalk to the beach with gazebo, outside wet bar with fridge and stainless steel insulated ice bin, fire pit. Inside your chef will enjoy the gourmet kitchen(totally renovated in 2015-2016) with stainless steel Thermador appliances, 48'' gas range double stove, side by side fridge, wet bar with ice maker...

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Listing Provided by Sand Dollar Real Estate Group
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Address: 3400 Palm
State: SC
Zip: 29451
County: Charleston

About Me

About MeHome ValuationExposure to Buyers

What makes me different and more worthy than any other agent? Great Question…

1.) I have been in the real estate industry since 1998

 

2.) At 29 years old I founded a wholesale mortgage firm here in Charleston and as such being the President/CEO I was responsible for overseeing 13 team members, two branches, ALL the marketing functions, business development, training of real estate agents in financing, training of my loan officers, and making sure over $85 Million in loans got closed. Of which most were purchases. So I have REAL business knowledge and real estate is business vs an agent without that savvy business skills.

 

3.) I graduated from University of S.C. where my major was media arts. What’s that mean? What you are reading right now is media. Everything you see and hear is media. Everything on a computer is digital media, websites, video, photographs, and audio. I studied video production, photography/lighting courses, audio recording, and more. Even post cards, billboards, news paper are ALL media, print media. (Although it’s an antiquated media). With that knowledge your home will have the most beautiful representation to the prospective buyers, instead of most of what you see out there (poorly lit, poorly framed, bad photos and video that put off buyers).

 

4.) 95% OF ALL REAL ESTATE TRANSACTIONS BEGIN WITH THE INTERNETPERIOD, IT IS FACT. I am a digital internet marketing expert. I consult other businesses on how to harness the internet’s power through web design, SEO (search engine optimization), content marketing, image marketing, user experience design, online ad management and more.

When listing a home for sale there isn't an exact science to it, but what is required is knowing all the facts, and that's where I come in. What's a home valuation really anyway?

Estimating the value of real property is important to a variety reasons, but for most people, determining the asking or purchase price of a property is the most useful application of real estate valuation. This article will provide an introduction to the basic concepts and methods of real estate valuation, particularly as it pertains to real estate sales.

That's all well and good, however what most home owners in Charleston SC and the U.S. really want to know is what's my property worth now if I were to try to sell it? The most common method  that 90% of listing agent use is: 

The Sales Comparison Approach.

 

Value -
A main consideration in appraising is to determine a property’s value: the present worth of future benefitsarising from the ownership of real property. Unlike many consumer goods such as oil, lumber, food, etc. that are quickly used, the benefits of real property are generally realized over a long period of time. Therefore, an estimate of a property’s value must take into consideration economic and social factors, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:

 

  • Demand – the desire or need for ownership supported by the financial means to satisfy the desire;
  • Utility – the ability to satisfy future owners’ desires and needs;
  • Scarcity – the finite supply of competing properties
  • Transfer-ability – the ease with which ownership rights are transferred.

– What have the homes that are MOST comparable to yours (subject property) sold for recently per sq ft., and  what is currently for sale (taking into account scarcity from above)?

 

– What are the prices being asked by your competing listings in and around your neighborhood.

 

Other Factors inside the two primary ones above include: (age of home, physical features, location, conditions of the sale, economic conditions)

 


MLS ID: 18015257
List Price: $6,200,000
Bedrooms: 11
Full Baths: 11
Half Baths: 1
Total Square Feet: 69522
Elementary School: Sullivans Island
Middle School: Laing
High School: Wando
Subdivision: None
Home Style: Contemporary
Year Built: 2005
Days On Market: 236
Lot Size: 1.26 acres
Outdoor & Yard Description:
Some Thermal Wnd/Doors
Beach Access
Porch - Wrap-Around
Beachfront
1 - 2 Acres
Gazebo
Fence - Metal Enclosed
Gutters
Porch - Front Porch
Ceilings - 9'+
Garden Tub/Shower
Ceiling - Smooth
Walk-In Closets
Elevator
Handicapped Equipped
Kitchen Island
Tankless Water Heater
Lawn Irrigation
Pool - In Ground
Ceiling - Beamed
Porch - Screened
Special Yard Lights
Deck
Window Treatments - Some
Ocean View
Wet Bar

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Data is deemed reliable but is not guaranteed accurate by the MLS.

This data is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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