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1126 Ocean Boulevard, 329, Isle of Palms, SC 29451 (MLS# 21005561)


$379,000
1126 Ocean Boulevard, 329
Isle of Palms, SC 29451
MLS# 21005561
Status: Closed
1 beds  |  1 baths  |  414 sqft


1126 Ocean Boulevard, 329, Isle of Palms, SC 29451
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Property Description
Rare opportunity to purchase a 1 bedroom/1 bath condotel at Isle of Palms. The Palms Hotel has 68 guest rooms & was renovated in 2018. Owners can enjoy up to 28 days annually & collect income from hotel operations. 3 months regime fees are due at closing and are applied as working capital contribution. Buyers must sign a hotel management agreement with The Palms Hotel.

Details
Maps
Documents
Contract Info
Sub-Type: Single Family Attached
MLS Entry Date: 2021-03-03
List Price: $379,000
Current Price: $379,000
List Price/SqFt: 915.46
Location, Tax & Legal
Tax Map #: 5681100449
Street #: 1126
Street Name: Ocean
Street Suffix: Boulevard
Unit #: 329
County: Charleston
State: SC
Zip Code: 29451
Area: 44 - Isle of Palms
Tax District: 24 - Isle of Palm
Subdivision: The Palms Hotel
Elementary School: Sullivans Island
Middle School: Moultrie
High School: Wando
Legal Description: Unit 329, The Palms Hotel
Directions: Isle of Palms Connector, go straight at the light, & The Palms Hotel will be on your left just after Coda Del Pesce restaurant.
General Property Info
Bedrooms: 1
Baths - Full: 1
Baths - Total: 1
Ground Level: No
Stories: 1
Apx. SqFt: 414
Ownership: Condominium
Year Built: 2000
Number of Units: 1
Potential Short Sale: No
C/R: Yes
Lease Purchase: No
HOA Fee: Yes
HOA Frequency: Monthly
Auction: No
Tax/Fees
Special Assessment: Yes
Taxes: 2650.9
Regime Fee: Yes
Regime Fee Freq: Monthly
Regime Fee $: 1339.05
Status Change Info
Status: Closed
Sold Date: 2021-04-16
Sold Price/SqFt: 915.46
New Mortgage Type: Conventional
Property Features
SqFt Source: Tax Records
SF Attached Style: Condo Regime
Lot Description: Ocean View
Misc Exterior: Balcony; Pool - Elevated
Foundation: Elv. Construction
Garage/Parking: Off-Street Parking
Stories/Levels: 1 Story
Misc Interior: Ceiling - Smooth; Wet Bar
New Owned: Pre-Owned
Cooling: Central
Floors: Laminate
Equipment/Appliances: Fire Sprinkler
Water/Sewer: Public Sewer; Public Water
Heat: Electric
Possession: At Closing; Tenants Rights
Utility Suppliers: Dominion Energy; IOP W/S Comm
Amenities: Cable TV Available; Elevators; Neighborhood Pool
Proposed Financing: Cash; Conventional Loan; Exchange; Seller/Private
Assumable: No

Listing Office: Salmonsen Realty

Last Updated: April - 16 - 2021

1126 Ocean Boulevard, 329, Isle of Palms, SC 29451 - MLS# 21005561

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Monday 19th of April 2021 06:55 PM