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2000 Waterway Boulevard
Isle Of Palms, SC 29451
$1,990,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Beautifully updated classic IOP sprawling ranch on a rare half-acre lot located in one of the quieter areas of the island. This gorgeous lot features numerous mature oak trees, multiple hardscape patios/sitting areas and well designed and maintained landscaping. A garden-style walk leads you to the chic front door, where you will enter the home through the foyer, which features floor-to-ceiling built-in cabinets for storing coats, shoes, umbrellas, etc. The home has style for days, from the various moldings that adorn the walls and ceilings to the custom cabinetry, lighting, and plumbing fixtures. The family room and adjacent dining area have hardwood floors and a fireplace with stone surround and hearth. The area above the reclaimed wood mantle is wired for a mounted flat screen TV.The dining area is surrounded on two sides by walls of windows with plantation shutters. A breakfast bar separates the dining area and family room from the kitchen. The kitchen is masterfully appointed with high end, stainless steel appliances, including a Wolf 6-burner gas cooktop, designer vent hood, double-ovens, and a microwave drawer. The kitchen island's top is made of reclaimed wood from the floor of a rail car! Other kitchen features include granite countertops, tile backsplash, custom cabinets with under-mount lighting, and porcelain farmhouse sink. Divided light French doors lead from the kitchen into the gorgeous sunroom with vaulted wood plank ceiling, four skylights, and two walls with continuous windows and divided light French doors leading to a patio. On the opposite side of the kitchen is a den that features a second fireplace, hardwood floors, and a service bar. There are three bedrooms and two full baths (one en suite) on the main level of the home and the FROG contains the spacious and beautifully designed primary suite. Don't miss your chance to live in this peaceful, quiet part of the island within walking distance of the Connector, IOP shops and restaurants, and Front Beach. Improvements made in the last 3 years include the following: GARAGE -- added foam insulation in the ceiling, replaced the exterior side door and the door from garage to house, added new drywall and cement board, new ceiling lights, and new garage door opener unit. Replaced door and window in shed. Installed outdoor shower with hot and cold water. Replaced front door with a new Pella door with sidelights and replaced eight windows with New South impact windows. Added shutters to the exterior of the home, including hurricane shutters for the windows and door on the 20th Ave side. Installed Generac generator with dedicated propane line. Replaced steps and landing to sunroom with composite decking and added patio area. Added new walkway lighting, recessed lighting and chandelier in den, and ceiling lights in the kitchen and family room. Installed new water heater to service the primary bathroom. Painted the entire exterior of the house. Added new gutters with leaf filter system. MAINTENANCE ITEMS: Septic tank drained in 2022. Tankless water heater flushed in 2023. Dryer vent cleaned in 2022. Fireplace checked by Ashbusters in 2022. Irrigation system on/off service maintained and heads replaced as needed. Termite bond in place and inspected yearly. Quarterly pest control service maintained.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1962
MLS Number
24006295
Location
Address
2000 Waterway Boulevard
City
Isle of Palms
State
SC
Zip Code
29451
County
CHARLESTON
Listing
Provider
AgentOwned Realty, original listing
Name
AgentOwned Realty
Phone
(843) 884-7300
Office Name
AgentOwned Realty Preferred Group
Office Phone
(843) 884-7300
Agent Name
Andrea Rogers

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.