2208 and 2504 Palm Bld. Oceanfront Auction

Table of Contents Page

1. Terms & Conditions/Bid Registration 3-6

2. Broker Participation Terms/Agreement 7

3. Bidder/Broker Registration Form 8

4. ½% Discount for pre-bids 9

5. Absentee/Proxy Bid Form 10

6. Real Estate Purchase Agreement 11-13

7. MLS Sheet for 2504 Palm Blvd 14

8. 2504 Palm Blvd. Floor Plans 15-17

9. 2504 Palm Blvd. Listing History 18

10. Tax info (2504) 19-21

11. 2504 Palm Blvd. Survey 22

12. Elevation Certificate (2504) 23-25

13. Termite Treatment Info (2504) 26-27

14. Seller Property Condition Disclosure Exemption 28

15. Certificate of Occupancy (2504) 29

16. Insurance Documents on file (2504) 30-32

17. Photos (2504 Palm) 33-59

18. MLS Sheet for 2208 Palm Blvd 60

19. Listing History 2208 Palm Blvd 61

20. Charleston County Tax (2208) 62-63

21. Plat, Charleston County (2208) 64-65

22. Elevation Certificate (2208) 66-68

23. Survey (2208) 69

24. Termite Protection Documents (2208) 70-71

25. Floor Plans (2208) 72-77

26. Photos (2208 Palm Blvd.) 78-103

27. Oceanfront CMA Isle of Palms 104-110

28. SC Agency Disclosure Form 111-112

TERMS AND CONDITIONS OF SALE Harper Auction & Realty

Michael B. Harper Auctioneer/Broker-in-Charge 1. Reserve Auction: The property will be sold to the highest bidder over the disclosed reserve.

If the owner’s disclosed reserve is met, the property will be sold to the highest bidder in excess of the reserve price. Owner reserves the right to lower the reserve or confirm any sale acceptable to owner. Auctioneer reserves the right to bid on behalf of the owner up to the amount of the owner’s reserve.

2. Disclaimer: All information furnished prior to the sale was obtained from sources believed to be correct. The buyer is responsible for doing his own due diligence investigation, and for inspecting or examining the property prior to sale. All square footage, dimensions and boundaries mentioned or published are estimates only. Failure of the buyer to inspect the property prior to the sale will not constitute grounds for any claims or demand for adjustment or rescission of the sale or for withdrawal of any bid, offer or deposit. The property is sold “as is” and “where is” and without warranty of any kind. Neither the Seller nor the Auctioneer/Broker make any guarantee or warranty expressed or implied as the quality or condition, size or fitness for any use or purpose. No claims will be considered for allowance or adjustment, or for rescission of the sale based upon failure of the property to conform with any representation expressed or implied.

3. Title to be delivered: Seller shall convey the Property by transferable and recordable warranty deed, with release of dower, if any, or fiduciary deed, as appropriate, subject to any easements and restrictions of record not adversely affecting marketability of title. Title to the Property shall be transferred free and clear of any and all liens, attachments, illegal tenancies and encumbrances. Seller warrants the Property is free and clear of all liens, attachments, illegal tenancies and encumbrances. Current Year Real Property Tax will be pro-rated at closing.

4. Agency: Potential buyers are hereby informed and referred to the South Carolina Real Estate Commission regulations regarding the types of Agency practiced in South Carolina. Harper Auction & Realty is a seller’s agent only. We work only for the seller in this transaction and do not represent buyers or bidders. If you wish to obtain buyers representation prior to the sale, the buyer’s agent should register with us prior to the sale to obtain a cooperating agent’s fee in this transaction. (See paragraph 15 )

5. Registration: Bidders can register any time prior to the sale. Registration for this sale requires the deposit of $50,000.00 in Certified Funds (See Paragraph 19) with the Auctioneer/Broker in order to bid. This deposit will be held until the final bid is accepted. If you are the successful bidder, this deposit will be retained as an Auction Deposit (See paragraph 6). If you are not the successful bidder, the deposit will be immediately returned to you, in person, or by overnight mail if you are not present at the sale site. Registrants should be prepared to provide name, address, Photo ID, and sign that you have read the Terms and Conditions of Sale. You should be able to show where the balance of the purchase price will be secured, and have proof of funds to make the required 10% down payment within 48 hours.

6. Auction Deposit: Buyer will be required to deposit $50,000 in Certified Funds (See Paragraph 19) immediately upon acceptance of the highest bid. This deposit will be held in the Escrow Account of Harper Auction & Realty. The deposit is non-refundable in case of default or breach of contract on the part of the buyer. In the event the property fails to close due to NO fault of the buyer, the deposit will be returned to the buyer.

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7. Down Payment (Deposit): The Real Estate Purchase Agreement will require the Buyer to further deposit an amount in Certified Funds (See Paragraph 19) equaling 10% of the Total Contract Price within 48 hours of execution of the contract. The $50,000 Auction Deposit will be applied to the 10% Down Payment (Deposit). The Down Payment (Deposit) is non-refundable in case of default or breach of contract on the part of the buyer. In the event the property fails to close due to NO fault of the buyer, the full deposit will be returned to the buyer.

8. Closing: Closing will occur per the terms of the Real Estate Purchase Agreement, on or before March 1, 2010. The buyer is required to pay the balance in full by Certified Funds (See Paragraph 19)

9. Real Estate Purchase Agreement: A sample Real Estate Purchase Agreement will be made available to all potential buyers, and all potential buyers are highly encouraged to have this contract reviewed by their attorney. (See Waiver in signature block). The successful bidder will execute the Real Estate Purchase Agreement with the seller immediately upon acceptance of the highest bid. A back-up Real Estate Purchase Agreement will be offered to the under-bidder at their highest bid price at the option of the seller and the under-bidder.

10. Buyer’s Premium: An eight percent (8%) Buyer’s Premium will be added to the highest bid to determine the Total Contract Price for the sale. Example: If the high bid is $3,500,000, the contract price with buyer’s premium is $3,780,000. The Buyer’s Premium is a portion of the Auctioneer/Broker’s Commissions and other sales expenses. It is clearly expressed and understood that the Auctioneer/Broker represents the seller only in this transaction.

11. Financing: This is a cash sale. Any financing arrangements should be made prior to bidding, and those arrangements disclosed to the Auctioneer/Broker before bidding on the property.

12. Announcements: All announcements made by the Auctioneer on Sale Day will take precedence over all printed matter and all other oral statements previously made. Bidding and conduct of the sale is at the discretion of the Auctioneer. The Auctioneer will settle all disputes and will make sole, absolute and final decision on all sale matters. Other than seller confirmation of sale (See Paragraph 1) all decisions are those of the Auctioneer. The Auctioneer reserves the right to reject any bid, and to cancel the sale before opening the sale for bids.

13. Absentee (Proxy) Bids: Any bidder who will not be available to attend the auction is free to place with the Auctioneer an Absentee Bid form indicating their minimum and maximum authorized bid. The Auctioneer or a bid assistant will bid in proxy for the absentee bidder in accordance with their instructions and the bid increments announced by the Auctioneer, up to their maximum authorized bid, but in no case will the Auctioneer or bid assistant bid more than is necessary for the absentee bidder to be the successful buyer.

14. Telephone Bidding: Telephone bidding will be utilized in this sale. See the sale web page for details and instructions for phone bidding.

15. Cooperating Buyer’s Agent Participation: Qualified Buyer’s Agents who register with us at least 48 hours prior to the auction will qualify for a cooperating agent commission, assuming their buyer/client is the high bidder and successful purchaser. A commission of 2% of the “Hammer Price” will be paid to a properly qualified and registered real estate broker. Commission will be paid only at closing, and oral registration is not adequate. (See Buyer’s Agent Registration Form for details)

16. Closing Costs: Closing costs, including, but not limited to, attorney’s fees, deed preparation, deed stamps, survey fees, and title insurance premiums, are to be paid by the purchaser.

17. Taxes: Real Estate taxes will be pro-rated on the date of closing. Rollback taxes, if applicable, will be paid by the buyer.

18. Possession: At Closing

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19. Certified Funds Defined: All payments must be made by cash, Certified Check, Cashiers Check, Treasurer’s Check, or by United States Postal, Bank, Express or Telegraph Money Order. All checks or money orders must be made payable to Harper Auction & Realty. Certified funds made payable to the bidder, or to “cash” and properly endorsed to Harper Auction & Realty are also acceptable.

20. Pre-Auction Bid Discount: Any buyer who submits an agreement to bid prior to the sale may be eligible for a discount of up to one half percent 0.5% of the “Buyer’s Premium” outlined in paragraph 10 above. The buyer must complete the form provided for this purpose and submit it at least 48 hours prior to the auction to qualify. The discount will be based on 0.5% of the lesser of a) the winning bid or b) the maximum authorized agreed bid. A buyer’s bid commitment will not be shared with any other bidder or buyer, and will be used only by Harper Auction & Realty, and the seller.

21. High Bidder’s Choice: The two properties (2208 Palm Blvd, and 2504 Palm Blvd), will be offered in the first round of bidding as “high bidder’s choice”. The successful bidder after the first round of bidding may choose either or both properties at the high bid price. A second round of bidding to sell any remaining property may be opened at the discretion of the seller and/or the Auctioneer. There is no guarantee or warranty that a second round of bidding will be offered.

22. Governing Law/Arbitration. These Terms and Conditions, and their interpretation, shall be governed by the laws of the State of South Carolina. Any suit relating to the auctioneer or his actions shall be brought in the Court of Common Pleas in Charleston County SC. Any controversy or claim arising from or relating to the actions of the auctioneer shall be settled by arbitration and judgment on the decision rendered by the arbitrator may be entered in any court having jurisdiction thereof. In any litigation, arbitration or other legal proceeding which may arise between any of the parties hereto, the prevailing party shall be entitled to recover its costs and expenses, including costs and expenses of arbitration, court costs and expenses incurred on appeal, and reasonable attorneys’ fees incurred in any dispute through arbitration and appeal of and final judgment in addition to any other relief to which such party may be entitled.

23. Bid Rigging and Sherman Antitrust Violations: The Auction Firm will refer and/or prosecute to the fullest extent of the law any efforts on the parts of bidders or bidder’s agents to collude, suppress, combine, conspire to or otherwise interfere with the free bidding of any and all parties. Any agreement to suppress free bidding is an infringement upon free trade under these laws and will not be tolerated.

24. Property Inspection: Owner and Auctioneer/Broker encourage potential buyers to arrange for their inspector to complete any desired inspection prior to sale day. The Contract for sale is without contingencies and does not provide for a post-contract inspection.

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I have fully read and understand these Terms and Conditions of sale, and agree to be bound by these conditions if I participate in this Auction. A copy of these Terms and Conditions has been given to me at registration. I have reviewed the sample Real Estate Purchase Agreement, and I have been given an opportunity to have it reviewed by my attorney. I ___have ___have not had the Real Estate Purchase Agreement reviewed by my attorney. If I have not had the Real Estate Purchase Reviewed by my attorney, I hereby waive an attorney’s approval. I understand that Harper Auction & Realty represents the seller only at this Auction and I have read the pamphlet “Working with Real Estate Agents” ____________________________ _____________________________ Date Witness _____________________________ ______________________________ Bidder Name Bidder Signature ______________________________ ______________________________ Address City, State, Zip _______________________________ ______________________________ Drivers License Number Phone _______________________________ ______________________________ E-mail address How did you learn of this Auction? I would like to be added to your Auction notification list ____yes ___no

Bidder Number _____

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Broker Participation Terms

Auction Date: Buyer/Broker Registration Form Due: Qualifying Broker: A licensed (South Carolina) Real Estate agent or Broker producing a copy of a duly executed Buyers Agency Agreement with a bidder will be deemed as a qualifying Broker. Registration: A qualifying Broker must fill out and submit a Bidder/Broker Registration Form. The Form must be completed in full, and must be signed by the Bidder and Broker. The Registration form must be received by the Auctioneer no later than 6:00 o’clock pm on January 28, 2010 to be considered. There will be no Broker Registration on sale day, nor, will there be any oral registration, agreement or understanding. Only the first registration for a Bidder and Broker will be honored. Acknowledgment of Broker Participation Terms: A qualifying Broker must also sign the acknowledgment at the bottom of these Terms agreeing to the Terms as a part of his/her registration Participation: Broker must personally visit the property with his/her Bidder/Client prior to the sale, and must be present with his/her bidder/client on sale day to participate. Brokers’ Bidder must execute the Real Estate Purchase Agreement, and close on the property for the commission to be earned. Self-Representation Prohibited: Brokers may not represent themselves as a Buyer. Similarly, participation will not be allowed for Broker representation of any entity of which he/she is an officer, member, principal, affiliate, employee or immediate family member. No commission will be paid where these relationships exist between Broker and Bidder. Commission to be Paid: The commission schedule is as follows:

• 2% of the final bid (hammer) price (Contract price less buyer’s premium) will be paid to a qualified and properly registered buyer’s agent whose client is the successful bidder and closes on the property as agreed in the Purchase Agreement.

• Payment of the buyer’s agent commission will be at closing. I agree to the terms set forth herein, and I agree to hold harmless and indemnify Harper Auction & Realty including its reasonable attorney’s fees, from any and all claims with regard to such commission. Broker Signature Date

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Bidder/Broker Registration Form

Broker (BIC) Name: __________________________________________________ Name of Company/BIC: _______________________________________________ Name of Sales Associate: _______________________________________________ Broker License Number: _______________________________________________ Address: _____________________________________________________________ Phone/Fax Number: ___________________________________________________ E-mail Address: ______________________________________________________ Bidder Name: _________________________________________________________ Address: ______________________________________________________________ Phone/Fax Number: ____________________________________________________ E-mail Address: _______________________________________________________ I understand that if I am the successful purchaser, that upon successful closing of the transaction, the Broker representing me herein will receive a commission for the sale in accordance with the Broker Participation Terms. Bidder Signature Date Broker’s Signature Date

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½% DISCOUNT FOR PRE-AUCTION BID!

Auction Pre-Bid Registration Form (Form must be submitted 48 hours prior to the Auction)

Bidder Name: _________________________________________________________ Address: ______________________________________________________________ Phone/Fax Number: ____________________________________________________ E-mail Address: _______________________________________________________ I, the undersigned, agree to bid a minimum of $ ___________________________ and a maximum of $__________________________on the property known as______________________________________________________, offered for sale by public auction on __________ by Harper Auction & Realty. I understand that my minimum bid may be used by the Auctioneer as an “opening bid” at the auction. I am not required to bid any more than is necessary for me to be the winning bidder, regardless of my maximum agreed bid. (Minimum and maximum bids may be the same) I understand that if I am the successful purchaser, a buyer’s premium discount of ½% of the lesser of a) my winning bid or b) my maximum authorized agreed bid, will be applied to my Purchase agreement. I understand that my bid commitment will not be shared with any other bidder or buyer, and will be used only by Harper Auction & Realty, and the seller. Bidder Signature Date

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Absentee/Proxy Bid for Public Auction Sale

I, the undersigned, agree to bid a minimum of $ __________________ and a maximum of $ ______________________on _______________________________ offered for sale by public auction on _____________________. I enclose the required deposit of $50,000.00, and authorize the enclosed payment to be applied against the sale price if I am the successful bidder. Increments are at the discretion of the auctioneer as dictated by the Terms and Conditions of Sale, and live bidding.

I understand that this Absentee/Proxy bid must be in auctioneer's possession at the time of sale to be included in the sale. I understand that I must submit the remainder of the Down Payment (Deposit) equaling 10% of the Contract Price within 48 hours of my bid acceptance if I am the successful bidder. I agree to execute the Real Estate Purchase Agreement by via fax immediately after the sale, and follow that up with an overnight mail signature as quickly as possible, but in no event later than 48 hours after the sale is completed. NOTE: the form of payment and/or bid must comply with the Terms and Conditions of Sale. Please provide (Print) Bidder Information Below:

Name ____________________________________________________ Phone Number______________________________________________ Cell Number________________________________________________ Address: __________________________________________________ E-Mail Address _____________________________________________ Fax Number________________________________________________

By submitting this absentee/proxy bid, I understand that: This is an absentee bid for a public auction sale, and it is not a sealed bid sale; I must comply with all other conditions as stated in the Terms and Conditions of Sale. There are advantages that I am forgoing by not being present at the actual sale, such as inspecting the property, hearing any statement by the auctioneer, owner or possible lien holders, and engaging in open, competitive bidding.

SIGNATURE OF BIDDER: _____________________________________

Submit the bid in a securely sealed envelope with your name, address and date of sale on the upper left corner of the envelope. Address to:

Harper Auction & Realty, Attn: Mike Harper, Auctioneer/Broker; 984 Sea Gull Dr., Mt Pleasant, SC 29464

Annotate the envelope with the following statement: “ABSENTEE/PROXY - TO BE OPENED BY AUCTIONEER ONLY"

(FIRM USE ONLY) RETURN OF REMITTANCE TO UNSUCCESSFUL BIDDER The deposit submitted with this bid was returned by Overnight Mail –Tracking Number __________________on ____________, 20__ Signature/Title ________________________________________

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REAL ESTATE PURCHASE AGREEMENT By and through this Real Estate Purchase Agreement (the “Agreement”), Buyer offers to purchase from Thomas M. Evans, Jr. the following described real property including, without limitation, all improvements, fixtures, appurtenant rights, privileges, and easements located in the County of Charleston, and the State of South Carolina known as: ____ Palm Blvd., Isle of Palms, SC 29451, TMS#571-09-00-___ (the “Premises”). 1. PURCHASE PRICE: In consideration of the sum of Fifty Thousand and 00/100 Dollars ($50,000.00) in hand paid (the “Deposit”) receipt of which is acknowledged, the Buyer agrees to buy and the Seller agrees to sell for the total sum of ___________________________________________________ and 00/100 Dollars ($_______________), (“Purchase Price”) being the aggregate of the highest bid at the Public Auction of the Premises, as defined in a certain Terms and Conditions of Public Auction of Real Property (“Terms and Conditions”) of $______________ plus $____________, representing the Buyer’s Premium, as defined in the Terms and Conditions, in conjunction with the sale contemplated herein. An initial Down Payment, (Deposit) as defined in a certain Terms and Conditions of Public Auction of Real Property (“Terms and Conditions”) of $____________shall be paid within forty-eight (148) hours of execution of this Agreement. The Purchase Price shall be paid, less the Deposit (and Down Payment) in immediately available funds at the closing of the purchase of the Premises (the “Closing”), as defined in paragraph 9 hereof. 2. FIXTURES AND EQUIPMENT: The consideration shall include fixtures owned by Seller including, but not limited to: built-in appliances, heating, ventilating, air conditioning (HVAC) and humidifying equipment and its control apparatus, attached floor coverings and any attached wall coverings, window coverings and awnings, internal wire for communication system; telecommunication wiring and cables, garage door openers and controls, whether now in or on the Premises or in storage, security systems and controls, smoke alarms and all exterior landscaping, if any. 3. DAMAGE OR DESTRUCTION OF PREMISES: Risk of loss to the Premises and improvements shall be borne by Seller until Closing, provided that if any real property covered by this Real Estate Purchase Agreement (“Agreement”) shall be substantially damaged or destroyed before this transaction is closed, Buyer may (a) proceed with the transaction and be entitled to all insurance money, if any, payable to Seller under all policies covering the Premises, or (b) rescind the Agreement and thereby release all parties from liability hereunder by giving written notice to Seller and Broker within ten (10) days after Buyer has written notice of such damage or destruction. Failure by Buyer to so notify Seller shall constitute an election to proceed with the transaction. 4. CONDITION OF PREMISES: SELLER SHALL DELIVER THE PREMISES AT CLOSING IN SUBSTANTIALLY THE SAME CONDITION AS OF THE DATE OF THE AGREEMENT. BUYER REPRESENTS THAT BUYER HAS HAD THE OPPORTUNITY TO INSPECT THE PREMISES PERSONALLY AND THROUGH ANY PROFESSIONAL OF BUYER’S CHOICE. BUYER ACCEPTS THE PREMISES “AS-IS WHERE IS”, WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND BY SELLER INCLUDING ANY REPRESENTATIONS REGARDING ENVIRONMENTAL CONDITIONS AFFECTING THE PREMISES. THE WARRANTIES EXCLUDE, BUT ARE NOT NECESSARILY LIMITED TO FREEDOM FROM STRUCTURAL DEFECTS, CONSTRUCTION IN A WORKMANLIKE MANNER AND FITNESS FOR HABITATION. SELLER ASSUMES UNTIL CLOSING ALL RISKS OF LOSS OR DAMAGE TO THE PREMISES. BUYER FURTHER ACKNOWLEDGES THAT BUYER HAS NOT RELIED ON ANY STATEMENTS OR REPRESENTATIONS REGARDING THE PREMISES WHETHER MADE BY THE SELLER, AGENTS OR ANY OTHER PARTY WHICH ARE NOT CONTAINED WITHIN THIS AGREEMENT. THE PREMISES IS SOLD IN GROSS IN ALL CASES. IN THE EVENT BUYER HAS OR OBTAINS A SURVEY WHICH REFLECTS A DIFFERENT, GREATER OR LESSER, NUMBER OF ACRES OR SQUARE FOOTAGE, THIS DIFFERENCE WILL NOT AFFECT THE PURCHASE HEREUNDER OR THE PURCHASE PRICE. Buyers Initials___________ Sellers Initials____________

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5. EVIDENCE OF TITLE: Buyer shall pay for an owner's title insurance commitment and policy in the amount of the purchase price. The title evidence shall be certified to within thirty (30) days prior to Closing with endorsement not before 8:00 a.m. on the business day prior to the date of Closing, and shall show in Seller marketable title in fee simple, free and clear of all liens and encumbrances except: (a) those created by or assumed by Buyer; (b) those specifically set forth in this Agreement; (c) zoning ordinances; (d) legal highway and (e) covenants, restrictions, conditions and easements of record that do not unreasonably interfere with present lawful use. If Buyer desires a survey, Buyer shall pay the cost thereof. 6. TAXES AND ASSESSMENTS: At Closing, Seller shall pay or credit on purchase price all delinquent taxes, including penalty and interest, all assessments that are a lien on the date of this Agreement and all agricultural use tax recoupments for years prior to the year of Closing, if any. At Closing, Seller shall also pay or credit on the Purchase Price all other unpaid real estate taxes that are a lien for years prior to Closing and a portion of such taxes and agricultural use tax recoupments for year of the Closing, if any, prorated through date of the Closing and based on a 365-day year and, if undetermined, on most recent available tax rate and valuation, giving effect to applicable exemptions, recently voted millage, change in valuation, etc., whether or not certified. With regard to further assessments, Seller warrants that, as of the acceptance hereof, no improvements or services to the site or area have been installed or furnished that would result in the costs being assessed against the Premises, and no written notification has been received by Seller from public authority or owner's association of future improvements that would result in costs being assessed against the Premises. Real estate taxes and assessments are subject to retroactive change by governmental authority. The real estate taxes for the Premises for the current tax year may change as a result of the transfer or as a result of a change in the tax rate. 7. ENVIRONMENTAL DISCLAIMER BY SELLER: Buyer acknowledges that Seller and/or Brokers have made no independent investigation to determine whether hazardous materials exist in, on or about the Premises. Buyer and Seller understand that any such determination requires the expertise of a specialist in hazardous materials, the retaining of which is the responsibility of Buyer and not that of the Seller or Broker. 8. DEPOSIT: Buyer has deposited with Harper Auction & Realty the Deposit. Buyer is to further deposit the stated Down Payment (Deposit) within forty-eight (48) hours of execution of this Agreement in accordance with paragraph 1 above, and as defined in a certain Terms and Conditions of Public Auction of Real Property (“Terms and Conditions”). Upon completion of this Agreement Harper Auction & Realty shall deposit said Deposits in its trust account to be disbursed as follows: (a) the Deposit shall be applied to the Purchase Price or returned to Buyer at Closing; (b) if Seller fails or refuses to perform on or before the Closing Date, as defined in paragraph 9 herein, the Deposit shall be returned to Buyer; (c) if Buyer fails or refuses to perform, the Deposit shall be paid to Seller with no further actions or releases required by the Buyer. 9. CLOSING: This Agreement shall be performed and this transaction closed on or before March 1, 2010 (the “Closing Date”). Buyer is entitled to possession at Closing. At the time Seller delivers possession of the Premises, the Premises will be in the same condition as the date of acceptance of this Agreement, except as provided herein in paragraph 3 herein, normal wear and tear excepted. Any personal property not included in this Agreement shall be abandoned to the Buyer at Closing. At Closing, Buyer shall pay applicable SC State transfer taxes and deed preparation and Seller shall convey to Buyer marketable title (as described in paragraph 5 herein) to the Premises in fee simple by a General Warranty Deed in transferable and recordable form. All costs of Closing will be borne by the Buyer. Closing shall occur at the offices of _______________________________. 10. ASSIGNABILITY: This Agreement may not be assigned except by written agreement of the SELLER. 11. GOVERNING LAW / ARBITRATION: This Contract and its interpretation shall be governed by the laws of the State of South Carolina. Any suit relating to this Contract shall be brought in the Court of Common Pleas in Charleston County SC. Any controversy or claim arising from or relating to the contract, or breach thereof, shall be settled by arbitration and judgment on the decision rendered by the arbitrator may be entered in any court having jurisdiction thereof. In any litigation, arbitration or other legal proceeding which may arise between any of the parties hereto, the prevailing party shall be entitled to recover its costs and expenses, including costs and expenses of arbitration, court costs and expenses incurred on appeal, and reasonable attorneys’ fees incurred in any dispute through arbitration and appeal of and final judgment in addition to any other relief to which such party may be entitled. Buyers Initials____________ Sellers Initials_____________

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12. MISCELLANEOUS: This Agreement constitutes the entire agreement and no oral or implied agreement exists. Any amendments to this Agreement shall be in writing, signed by Buyer and Seller and copies provided to them. This Agreement shall be binding upon the parties, their heirs, administrators, executors, successors and assigns. Time is of the essence of all provisions of this Agreement. All provisions of this Agreement shall survive the Closing. In compliance with fair housing laws, no party shall in any manner discriminate against the Buyer because of race, color, religion, sex, familial status or national origin. Paragraph captions are for identification only and are not part of this Agreement. FOR BUYER: ________________________________________________ ________________ Buyer Signature Date ________________________________________________ Buyer Name Printed ________________________________________________ __________________ Address Telephone ________________________________________________ __________________ Fax FOR REGISTERED BUYERS BROKER FIRM ________________________________________________ ________________________________________________ Buyers Agent Firm Printed By: _____________________________________________ ________________________________________________ Deed To ________________________________________________ _____________________ Buyer’s Attorney Attorney Telephone

_____________________ Fax FOR SELLER:

_______________________________ _____________________ Seller Signature Date Thomas M. Evans, Jr. Seller Name Printed 101 Cypress Plantation Rd. 843-761-8016___________ Address Telephone Moncks Corner, SC 29461___________________________ 843-761-8026____________ Fax ________________________________________________ _______________________ Seller’s Attorney Attorney Telephone

_______________________ Fax

--Information deemed reliable but not guaranteed--Copyright: 2009 by the Charleston Trident MLS Association of REALTORS Prepared by EVE OLASOV of LUXURY LAND AND HOMES INC on 12/18/2009 10:44:05 AM

2504 PALM BLVD ISLE OF PALMS, SC 29451 LP: $4,800,000

MLS#: 2931493m - RES - SFD Status: ActiveArea: (44) CHS-Isle of PalmsMunicipality: (14) ISLE OF PALMSBedrooms: 8 Apx SqFt: 6,750Bths Ful/Hlf: 7/2 Tax Map#: 579-09-00-174Stories: 2 Story Apx YrBlt: 2008Address: 2504 PALM BLVDCity: ISLE OF PALMS Zip: 29451Lot Size: 100 X 670 Acres: 1.50Subdiv: ISLE OF PALMS Subsec:Grade Sch: SULLIVANS ISLAND Middle Sch: LAINGHigh Sch: WANDOPossessn: At Closing New/Owned: New-finishedLegal Desc: Lot 3

Click photo for additional media and enlargement

Style: Contemp Fireplace: Living Rm, Other (use remarks) Special:Roof: Foundation: Piling, Elev Construction Floors: Wood, Ceramic TileCooling: Central Heat: Heat Pump Utilities: SCEandGParking: 3+ Car Gar

SqFt Source: Builder/Owner $/Sqft: $711.11Auction: Y Auction Type: DISCLOSED RESERVE Reserve Amt: $3,500,000Lot Desc:Exterior:Master BR: Upstairs, W/i Closet, Ceiling FanOther Rms: Eat-in Kitch, Family, Foyer, Pantry, LaundryMisc. Int: Wlkin Closet, Cth/vlt Ceiling, 9'+ Ceilings, Smooth Ceil, Kitchen Island, ElevatorMisc. Extt:Wat/Sew: Public Water, Public SewerAmenities: Cable AvailableAppliances:Elec Wall Oven, Gas Cooktop, Microwave Built-in, Refrigerator, Dishwasher, Washer Conn, Dryer Conn, Whirlpool, Hot Tub/Spa, Gar Door Opener,

Garbage Disp, Ceiling FanGreen Features:

Directions: Oceeanfront on Palm Blvd between 25th and 26thShowing: Contact L/oRemarks: AUCTION!! JANUARY 30 at 2PM. Will sell at or above $3.5 million reserve. Auction will take place at 2208 Palm Blvd. Once in a lifetime opporunity to

own THE BEST OF Luxury Oceanfront on the Isle of Palms by 2008 Award Winning Builder- THOMAS EVANS CONSTRUCTION. This 1.5 Acre Beach front Estate will redefine luxury oceanfront living on the Isle of Palms. This time the extraordinary talent of Tommy Evan's design team and master craftsmen have truly broken the mold. As you approach this estate the anticipated island vernacular of expansive porches, metal roof, Bahama shutters, and spectacular classic Lowcountry detailing welcome you to an unquestionably special BEACHFRONT MANSION. Once you step inside it soon becomes very clear that you have entered a refreshing departure from the "bead board beach home" to something deliberately more compelling, refined, sophisticated, classic and exciting. The mood is set by the rich and diverse texture of interior specifications which celebrate art with the sleek glimmer of satin nickel, chrome, and stainless steel formed in stylized soft minimal geometrics complimenting the soft hues of stone, the rich mahogany 8 foot doors and mahogany flooring borders. The light fixtures and fans are nothing short of extraordinary with so many details punctuated by visual surprises throughout. Sited on one of the widest lots on Palm Boulevard with 100 FEET OF ATLANTIC OCEAN FRONTAGE, this home is set amidst vintage oak trees on a 1.5 ACRE OCEANFRONT LOT creating a special sense of privacy. The rear elevation is spectacular with a deck level swimming pool complete with hot tub featuring a WATERFALL INTO THE POOL which itself features an INFINITY waterfall seemingly flowing out to the ocean in the background. Complete with POOLSIDE KITCHEN and an OUTDOOR FIREPLACE- all epitomizing LUXURY BEACHFRONT living. Specifications include the very finest MARVIN HURRICANE RATED WINDOWS, standing seam 28 GAUGE METAL ROOF, expansive exotic IPE DECKING, haute couture tile work, Cat 5 LUTRON HOMEWORKS WIRING, impressive STEEL GRADE BEAM foundation, ELEVATOR, comprehensively wired RUSSOUND SYSTEM, master landscaping, WOLF, SUB-ZERO, BOSCH appliances, ELEVATOR. Complete specification booklet is available upon request. Intelligent Luxury with a SOPHISTICATED EUROPEAN FLAIR might begin to describe this distinctive oceanfront estate. TERMS: The property is being sold "as is-where is" with no contingencies. An 8% buyer's premium will be added to the high bid to arrive at the contract price. A .5% buyer's premium discount will be given to bidders who preregister and submit an agreed opening bid or bid range. $50,000 in certified funds required to register to bid. Funds will be returned immediately to all unsuccessful bidders. A 10% deposit of the contract price will be due within 48 hours of auction. The seller reserves the right to refuse any pre-auction offer. Mike Harper, Auction License 3728 If square footage is important - MEASURE!!

Agnt Notes:

Click here to report incomplete or inaccurate information

Lease/Pur: Prospect Ex: Financing: Cash Assumable: NoTaxes: HOA Fee: Assmt Ratio: SpAssmt:Owner: Regime Fee: List Date: 12/7/2009 Exp Date: N/AC/R: CntngncyRsn:

List Agent: (12114) MIKE HARPER Type/Comp/SubAccept: Exclusive Right to Sell/2 %/NList Office: (8215) HARPER AUCTION & REALTY Variable: N

Limited Svc: NCo-Off: (8397) LUXURY LAND AND HOMES INC (843) 795-9100 Co-Agt: (9329) EVE OLASOV (843) 345-8267 CellContacts: Agent Office Direct

843-729-4996Agent Home (843) 729-4996

DiningKitchen

Pantry

Laundry

FoyerAtriumGreat Room

PorchDeck

Guest RoomPool

Deck

OutdoorKitchen Porch

Porch

Pervious PaversDriveway

2504 Palm Boulevard . Isle of Palms . SC

First Floor Plan

Pool

Bedroom 2

Opento

Below

Bedroom 3Bedroom 6

Bedroom 7

Master Suite

Bedroom 4

Bedroom 5

MasterCloset

Master Bath

Deck

Bath

Bath

Bath

Bath

Bath

Elev.

Second Floor Plan

Deck

Balcony

Balcony

Balcony


AtlanticOcean Sandy Beach

Location Plan

LandscapedGarden

PergolaBeach Access Walkway

PalmBoulevard


MLS# Date Sys Date Sta Cat Ar Property Address Price DOM Agent ChangeBy Ofc ID1 2931493m 12/09/09 UPD RES 44 2504 PALM BLVD $4,800,000 2 12114 8215 12/09/09 UPD 44 $4,800,000 2 12114 8215 12/09/09 UPD 44 $4,800,000 2 12114 8215 12/09/09 PHT 44 $4,800,000 2 12114 8215 12/07/09 ACT 44 $4,800,000 2 12114 82152 2905412m 03/23/09 WTH RES 44 2504 PALM BLVD $1 29 9329 8397 02/26/09 PCH 44 $1 3 9329 8397 02/22/09 ACT 44 $3,000,000 1 9329 8397 02/23/09 PHT 44 $3,000,000 1 9329 83973 2905406m 03/26/09 WTH RES 44 2504 PALM BLVD $1 31 7056 7994 02/26/09 PCH 44 $1 0 7056 7994 02/23/09 ACT 44 $3,000,000 0 7056 7994 02/23/09 PHT 44 $3,000,000 0 7056 79944 2730803p 12/09/09 WTH RES 44 2504 PALM BLVD $4,800,000 803 9329 8397 11/30/09 EXT 44 $4,800,000 795 9329 8397 09/30/09 EXT 44 $4,800,000 734 9329 8397 09/28/09 UPD 44 $4,800,000 761 9329 8397 09/28/09 PCH 44 $4,800,000 761 9329 8397 09/28/09 UPD 44 $5,500,000 761 9329 8397 08/29/07 ACT 44 $5,500,000 712 9329 8397 08/12/09 CONT 44 $5,500,000 712 9329 8397 08/10/09 UPD 44 $5,500,000 712 9329 8397 07/28/09 UPD 44 $5,500,000 699 9329 8397 03/22/09 BOM 44 $5,500,000 571 9329 8397 02/23/09 WTH 44 $6,995,000 542 9329 8397 01/31/09 EXT 44 $6,995,000 520 9329 8397 11/29/08 EXT 44 $6,995,000 456 9329 8397 08/29/08 EXT 44 $6,995,000 364 9329 8397 07/30/08 BOM 44 $6,995,000 9329 8397 07/30/08 EXP 44 $6,995,000 9329 8397 05/30/08 BOM 44 $6,995,000 9329 8397 05/30/08 EXP 44 $6,995,000 9329 8397 05/12/08 PCH 44 $6,995,000 240 9329 8397 02/29/08 EXT 44 $6,795,000 184 9329 8397 01/31/08 PCH 44 $6,795,000 96 9329 8397 08/29/07 ACT 44 $6,495,000 0 9329 83975 2627123p 08/27/07 WTH RES 44 2504 PALM BLVD $6,495,000 443 5446 1046 08/07/07 EXT 44 $6,495,000 423 5446 1046 03/27/07 PCH 44 $6,495,000 240 5446 1046 02/05/07 EXT 44 $6,350,000 240 5446 1046 08/17/06 PHT 44 $6,350,000 5446 1046 06/10/06 ACT 44 $6,350,000 186 5446 1046

Charleston County Tax System - Real Property Detail

- Billing Information -

Account (PID): 571-09-00-174

Appraised (FMV): 2,686,000

Tax Year: 2009 Assessment: 161160Prior Year: NA Mills: x 0.2032Status: Current ------------Receipt: 2009-047779 Base Tax: 32747.70Previous Receipt: NA Penalties: + 0.00

Next Receipt: NA Interest: + 0.00Billed: 09-30-2009 Credits: - 2256.24Paid Date: NA User Fee: + 0.00Actual Date: NA SW Fee: + 18.00

------------ Net Tax: 30509.46

Mortgage Co: NA Amount Paid: - 0.00

Nulla Bona Amount: - 0.00

MLOD Factor: NoRefund Amount: - 0.00

Transfer Amount: - 0.00

------------CURR Due: 30509.46

- Property Information - Legal Description: 2504 PALM BLVD - LT 3 SEC C-1Subdivision: NA Deed: 02-28-2007 V616-486 Plat: F-27 Land Use: VACANT General Use: VCR Parcel: 10R

Buildings Appraisal Assessment Others (6%) 2,686,000 161,160 ---------------- ----------------

Totals: 2,686,000 161,160 Acreage Appraisal

High: 0.00 Land: 2686000 Marsh: 0.00 Improvements: 0 Swamp: 0.00 Buildings: 0 ---------------- ---------------- Total: 0.00 Total: 2686000

- Owner Information - Current Owner: EVANS THOMAS M JR Tax Address: 2504 PALM BLVDCurrent Co-Owner: NATax District: 24 Mail Address: 101 CYPRESS PLANTATION RDJurisdiction: 01 City State Zip: MONCKS CORNER SC 29461

Copyright ©2009 Charleston County.

All Rights Reserved

http://taxweb.charlestoncounty.org/surfer/form/PIDSearch/SelectRecord/20_ica2487193735_-1807638811 [11/23/2009 9:19:04 AM]

http://taxweb.charlestoncounty.org/surfer/exit/20_ica2487193735_-1807636311/2487330985?ref=

http://taxweb.charlestoncounty.org/docs/help/legalinfo.html

Property ReportFriday, December 18, 2009 2504 Palm Blvd, Isle Of Palms, SC 29451-2356

Charleston County, SC parcel# 571-09-00-174Property Report

Location

Property Address 2504 Palm Blvd Isle Of Palms, SC 29451-2356

Subdivision County Charleston County, SC

Current OwnerName Evans Thomas M Jr Mailing Address 101 Cypress Plantation Rd

Moncks Corner, SC 29461-6803

Property SummaryProperty Type ResidentialLand Use Vacant-ResImprovement Type Total Square Feet

General Parcel InformationParcel/Tax ID 571-09-00-174Alternate Parcel ID Account Number District/Ward 24Census Tract/Block 49.00/1

Sales History through 12/05/2009 Date Amount Buyer/Owners Buyer/Owners 2 Instrument Quality Book/Page or Document#01/09/2007 $11,138,300 Evans Thomas M Jr V616/48609/30/2005 $2,950,000 New Wales Land Co Llc Lot Purchase only Y55636311/29/2002 $5 Hunter Elisabeth J K428787

Tax AssessmentAppraisals Amount Taxes Amount Jurisdiction RateTax Year 2008 City Taxes $0 Isle Of Palms 22.2 Appraised Land $2,686,000 County Taxes $0 Charleston 177 Appraised Improvements $0 Total Taxes $29,417.07 Total Tax Appraisal $2,686,000 Exempt Amount Total Assessment $161,160 Exempt Reason Assessment Rate 6 %

Mortgage History Date Loan Amount Borrower Lender Book/Page or Document#2/6/2006 $4,367,744 New Wales Land Co Llc Community Firstbank E572/612/6/2006 $367,744 New Wales Land Co Llc Community First Bank & Trust E572/619/30/2005 $2,940,000 New Wales Land Co Llc Community Firstbank A557/742

Property Characteristics: BuildingNo Buildings were found for this parcel.

Property Characteristics: Extra FeaturesNo extra features were found for this parcel.

Property Characteristics: LotLand Use Vacant-ResLot Dimensions

Acreage Block/Lot /3Latitude/Longitude 32.790803°/-79.777469°

Property Characteristics: Utilities/AreaGas Source Road Type Private/NoneElectric Source Topography Water Source Public District Trend Sewer Source Private Special School District 1 Zoning Code Special School District 2 Owner Type

Legal DescriptionSubdivision Plat Book/Page F/27Block/Lot /3 Description Legal: Lt 3 Sec C-1District/Ward 24 Friday, December 18, 2009 2504 Palm Blvd, Isle Of Palms, SC 29451-2356

Charleston County, SC parcel# 571-09-00-174

COPYRIGHT © 2009 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Information Deemed Reliable But Not Guaranteed.

Contact Us at (800) 374-7488 ext 3 for Help.

--Information deemed reliable but not guaranteed--Copyright: 2009 by the Charleston Trident MLS Association of REALTORS Prepared by EVE OLASOV of LUXURY LAND AND HOMES INC on 12/18/2009 10:52:12 AM

2208 PALM BLVD ISLE OF PALMS, SC 29451-2350 LP: $4,650,000

MLS#: 2931490m - RES - SFD Status: ActiveArea: (44) CHS-Isle of PalmsMunicipality: (14) ISLE OF PALMSBedrooms: 6 Apx SqFt: 5,595Bths Ful/Hlf: 6/1 Tax Map#: 571-09-00-163Stories: 2 Story Apx YrBlt: 2008Address: 2208 PALM BLVDCity: ISLE OF PALMS Zip: 29451-2350Lot Size: 75X130 Acres: 0.00Subdiv: ISLE OF PALMS Subsec:Grade Sch: SULLIVANS ISLAND Middle Sch: LAINGHigh Sch: WANDOPossessn: At Closing New/Owned: New-finishedLegal Desc: LEGAL: LT 10 BLK 57 SEC B !SITE_NAME: !TAX DIST:T.D. 2-4 ISLE-PALMS

Click photo for additional media and enlargement

Style: Traditnl Fireplace: Living Rm, Gas Logs, Other (use remarks)

Special:

Roof: Arcitec Shng Foundation: Piling Floors: Wood, Ceramic TileCooling: Central Heat: Heat Pump Utilities: SCEandGParking: 3+ Car Gar

SqFt Source: Builder/Owner $/Sqft: $831.10Auction: Y Auction Type: DISCLOSED RESERVE Reserve Amt: $3,500,000Lot Desc: Level, Beach Access, Beachfront, 1-2 Acres, Ocean ViewExterior: Wood Siding, Stucco, Other (use remarks)Master BR: Dual Masters, Sitting RoomOther Rms: Family, Foyer, Great Room, Pantry, Laundry, GameMisc. Int: Wet Bar, Wlkin Closet, 9'+ Ceilings, Smooth Ceil, Kitchen Island, ElevatorMisc. Extt: DeckWat/Sew: Public Water, Public SewerAmenities: Cable AvailableAppliances:Elec Range, Elec Wall Oven, Gas Cooktop, Microwave Built-in, Dishwasher, Washer Conn, Dryer Conn, Whirlpool, Hot Tub/Spa, Washer, Dryer,

Central Vac, Gar Door Opener, Garbage Disp, Ceiling FanGreen Features:

Directions: Oceanfront on Palm Boulevard at 22nd AvenueShowing: Contact L/oRemarks: AUCTION!! JANUARY 30, 2010 at 2PM ON SITE! Will sell to the highest bidder at or above $3.5 million. Finest new construction OCEANFRONT ON

1.5 ACRES*********** This is truly the opportunity of a life time. Top honors for 2008 Pinnacle Award winning oceanfront estate by Thomas M. Evans Construction.########### In contrast to its square and rectangular counterparts, this estate is immediately captivating with its circular porches, varying roof lines and richly appointed exterior of cedar shake, hardiplank, and tabby stucco clad foundation piers. Reminiscent of a Victorian waterfront mansion, the vernacular here is classic traditional and distinctly exceeds the norm for grandeur on the Isle of Palms ....................Enter the second floor to experience a remarkable curved barrel ceiling, again repeating the theme of curves and soft lines. The first level living features one the home's two master suites as well as 4 guest bedrooms each appointed with a private bath. An oversized living/recreational space complete with its own kitchenette opens onto a stunning circular porch stepping out to a curved disappearing edge swimming pool and spa complete with a 46 inch Isokern gas fireplace - this simply has to be "heaven" on the beachfront of the Atlantic Ocean ........................The second floor living features the second and most private master suite and represents the more formal of the two levels. Here you will find a well proportioned living spaces, state of the art kitchen featuring the most expansive and spectacular ocean views. Great media/game room off main living room..................All created to represent old world style and craftsmanship in the tradition of the Grande waterfront estates of yesteryear - understated timeless beauty with no expense spared is a rare combination when done really well.................... and this one unquestionably accomplishes all that and more.******** If square footage is important - MEASURE!! TERMS: The property is being sold "as is-where is" with no contingencies. An 8% buyer's premium will be added to the high bid to arrive at the contract price. A 0.5% buyer's premium discount will be given to bidders who preregister and submit an agreed opening bid or bid range. $50,000 in certified funds required to register to bid. Funds will be returned immediately to all unsuccessful bidders. A 10% deposit of the contract price will be due within 48 hours of the auction. The seller reserves the right to refuse any pre-auction offer. Mike Harper, Auction License 3728. If square footage is important - MEASURE!!

Agnt Notes:

Click here to report incomplete or inaccurate informa ion

Lease/Pur: Prospect Ex: Financing: Cash Assumable: NoTaxes: $36,568 HOA Fee: Assmt Ratio: SpAssmt:Owner: EVANS THOMAS M JR Regime Fee: List Date: 12/7/2009 Exp Date: N/AC/R: CntngncyRsn:

List Agent: (12114) MIKE HARPER Type/Comp/SubAccept: Exclusive Right to Sell/2 %/NList Office: (8215) HARPER AUCTION & REALTY Variable: N

Limited Svc: NCo-Off: (8397) LUXURY LAND AND HOMES INC (843)795-9100 Co-Agt: (9329) EVE OLASOV (843)345-8267 CellContacts: Agent Office Direct

843-729-4996Agent Home (843) 729-4996

# MLS# Date Sys Date Sta Cat Ar Property Address Price DOM Agent ChangeBy Ofc ID

MLS# Date Sys Date Sta Cat Ar Property Address Price DOM Agent ChangeBy Ofc ID1 2931490m 12/09/09 UPD RES 44 2208 PALM BLVD $4,650,000 2 12114 8215 12/09/09 UPD 44 $4,650,000 2 12114 8215 12/09/09 UPD 44 $4,650,000 2 12114 8215 12/09/09 PCH 44 $4,650,000 2 12114 8215 12/09/09 PHT 44 $46,500,000 2 12114 8215 12/07/09 ACT 44 $46,500,000 2 12114 82152 2917862m 12/09/09 UPD RES 44 2208 PALM BLVD $4,650,000 161 9329 8397 12/09/09 UPD 44 $4,650,000 161 9329 8397 12/09/09 WTH 44 $4,650,000 161 9329 8397 11/30/09 EXT 44 $4,650,000 153 9329 8397 11/25/09 UPD 44 $4,650,000 147 9329 8397 11/12/09 UPD 44 $4,650,000 134 9329 8397 11/08/09 UPD 44 $4,650,000 130 9329 8397 11/08/09 UPD 44 $4,650,000 130 9329 8397 09/30/09 EXT 44 $4,650,000 92 9329 8397 09/28/09 UPD 44 $4,650,000 89 9329 8397 09/28/09 PCH 44 $4,650,000 89 9329 8397 09/28/09 UPD 44 $4,390,000 89 9329 8397 08/29/09 UPD 44 $4,390,000 59 9329 8397 08/29/09 UPD 44 $4,390,000 59 9329 8397 08/29/09 EXT 44 $4,390,000 59 9329 8397 08/24/09 UPD 44 $4,390,000 54 9329 8397 07/01/09 UPD 44 $4,390,000 0 9329 8397 07/01/09 UPD 44 $4,390,000 0 9329 8397 07/01/09 UPD 44 $4,390,000 0 9329 8397 07/01/09 UPD 44 $4,390,000 0 9329 8397 07/01/09 PHT 44 $4,390,000 0 9329 8397 07/01/09 ACT 44 $4,390,000 0 9329 83973 2731523m 07/01/09 EXP RES 44 2208 PALM BLVD $5,400,000 9329 8397 04/30/09 EXT 44 $5,400,000 603 9329 8397 04/13/09 PCH 44 $5,400,000 515 9329 8397 01/31/09 EXT 44 $6,695,000 515 9329 8397 11/29/08 EXT 44 $6,695,000 451 9329 8397 08/29/08 EXT 44 $6,695,000 359 9329 8397 07/31/08 EXT 44 $6,695,000 331 9329 8397 07/01/08 EXT 44 $6,695,000 301 9329 8397 06/01/08 EXT 44 $6,695,000 271 9329 8397 05/12/08 PCH 44 $6,695,000 193 9329 8397 03/05/08 EXT 44 $6,496,000 183 9329 8397 09/05/07 ACT 44 $6,496,000 0 9329 83974 2709532p 08/30/07 WTH RES 44 2208 PALM BLVD $6,495,000 185 5565 1556 03/12/07 PHT 44 $6,495,000 5565 1556 02/26/07 ACT 44 $6,495,000 5565 15565 2516771 07/20/05 SLD RES 44 2208 PALM BLVD $2,500,000 4 5446 1046 05/15/05 CONT 44 $2,515,000 5446 1046 05/14/05 ACT 44 $2,515,000 5446 10466 2426165p 12/28/04 SLD RES 44 2208 PALM BLVD $2,150,000 49 12462 7606 11/09/04 CONT 44 $2,390,000 12462 7606 09/20/04 ACT 44 $2,390,000 12462 7606

HistoryStatus - BOM - BackOnMkt, PCH - PriceChExtension, UPD - Update, PHT - Photo

Property ReportFriday, December 18, 2009 2208 Palm Blvd, Isle Of Palms, SC 29451-2350

Charleston County, SC parcel# 571-09-00-163Property Report

Location

Property Address 2208 Palm Blvd Isle Of Palms, SC 29451-2350

Subdivision Charleston County, SC

Evans Thomas M Jr

101 Cypress Plantation Rd Moncks Corner, SC 29461-6803

Property SummaryProperty Type ResidentialLand Use Vacant-ResImprovement Type Total Square Feet

General Parcel InformationParcel/Tax ID 571-09-00-163Alternate Parcel ID Account Number District/Ward 24Census Tract/Block 49.00/1

Sales History through 12/05/2009 Date Amount Buyer/Owners Buyer/Owners 2 Instrument Quality Book/Page or Document#01/31/2007 $3,350,000 Evans Thomas M Jr Unimproved Lot O615/507/20/2005 $2,500,000 New Wales Land Co Llc D54669412/28/2004 $5 Mccants S Thomas M521729

Tax AssessmentAppraisals Amount Taxes Amount Jurisdiction RateTax Year 2008 City Taxes $0 Isle Of Palms 22.2 Appraised Land $3,339,000 County Taxes $0 Charleston 177 Appraised Improvements $0 Total Taxes $36,568.73 Total Tax Appraisal $3,339,000 Exempt Amount Total Assessment $200,340 Exempt Reason Assessment Rate 6 %

Mortgage History Date Loan Amount Borrower Lender Book/Page or Document#2/1/2007 $5,375,000 Evans Thomas M Jr Tidelands Bank P615/6737/20/2005 $3,350,000 New Wales Land Co Llc Tidelands Bank G546/4737/19/2005 $1,500,000 Mccants S Thomas

Mccants J LynnFirst Federal Savings S546/342

6/2/2005 $2,350,000 Mccants Sthomas Tidelande Bank S539/6126/2/2005 $2,350,000 Mccants Sthomas Tidelands Bank S539/61212/28/2004 $1,500,000 Mccants S Thomas First Federal Savings N521/572

Property Characteristics: BuildingNo Buildings were found for this parcel.

Property Characteristics: Extra FeaturesNo extra features were found for this parcel.

Standard

Condensed

Standard B&W

Condensed B&W

Property Characteristics: LotLand Use Vacant-ResLot Dimensions Acreage Block/Lot 57/10Latitude/Longitude 32.789489°/-79.780779°

Property Characteristics: Utilities/AreaGas Source Road Type Private/NoneElectric Source Topography Water Source Public District Trend Sewer Source Private Special School District 1 Zoning Code Special School District 2 Owner Type

Legal DescriptionSubdivision Plat Book/Page E/48Block/Lot 57/10 Description Legal: Lt 10 Blk 57 Sec BDistrict/Ward 24 Friday, December 18, 2009 2208 Palm Blvd, Isle Of Palms, SC 29451-2350

Charleston County, SC parcel# 571-09-00-163

COPYRIGHT © 2009 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Information Deemed Reliable But Not Guaranteed.

Contact Us at (800) 374-7488 ext 3 for Help.

S T E P H E N H E R L O N G

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STATUS DATEConceptual Design

Design Dev.

Revision:

Revision:

Revision:

Revision:

2208 Palm Blvd.

Isle of Palms, S.C.

103 Palm Blvd. Suite 3A Isle Of Palms, SC 29451

Phone: 843-886-9199 Fax: 843-886-9198

Plot Reference:

Permitting

Construction

This drawing may not be reproduced without the written permission of Stephen P Herlong & Associates Inc

Construction Documents

√

√

√

√

√

05/24/06

9:38 AM Tuesday, May 15, 2007

√

06/27/06

A

A

A

A

A

A

A

A

AA

A

A

AA A

A A

A

A

A A

A

A

A

A

AA

A

AA

AA

A A A A

A

B

B

A

A

A

A

Up

2/14/06

Downstairs Entertainment

Area

Guest Bedroom #3

Children’s Bedroom

Guest Suite 2

Hallway 3

Hallway 1Entry Hall

Guest Suite 1

Closet

Closet

Closet

Covered Porch

ClosetGuest Bath

Guest Bath 1

Entry Porch

Mech.

Stair Hall

Laundry

Kitchenette

Closet

Closet

Guest Bath 2

Children’sBath

Master Bath

Master Bedroom #1

Mech.

Raised Circular

Porch El 21'-2"

Covered Porch

Elev.

flush hearth

46” Isokern gas appliance w/ gas logs to be ventless or dual purpose. Floor of firebox to be flush w/ hearth.

Broom Closet

Construction Notes

1. All interior walls are to be framed with 2x4 wood studs @ 16” o.c. unless otherwise noted on plan. All walls or sections of walls containing pocket doors are to be framed with 2x6 wood studs @ 16” o.c.. See structural drawings for additional framing information. 2. All interior walls to have sound batt insulation. 3. For sizes of structural columns refer to sheet S101 1st Floor Framing 4. HVAC Contractor to perform heat gain calculations based on volume, amount of glazing, type of glazing, and components which give off heat (A/V components, ice makers, appliances etc.) 5. Exact cabinet layout and configuration by Cabinet Concepts. For cabinet Plans and Interior Elevations see drawings by Cabinet Concepts

A HD 10A

Holddown Legenddesignated by

designation Simpson connector #HD 10AHTT-22B 1

1

1. Exterior Shear Walls (ALL exterior walls) are Type II, Exposure Category C and are shown on the floor plans as to be sheathed with 5/8” plywood (on exterior side) and nailed as per schedule on S100. 2. Interior Shear Walls are shown on the floor plans as and are to be constructed with 5/8” plywood on framing studs one side only - unless otherwise noted, and nailed as per schedule on Sheet S100.

Shear Walls

Scale: 1/4" = 1'-0"1 First Floor Plan

First Floor Plan A101

project north

Pool

grill

Spa

3080 weather strip

2680

3680

28802880

36803080

2880

2880

3080

3080

28802680

2880

2880

26802680

2680

2680

2880

2880

2680

2680

26806080

2680

2880

2880 fire rated

weather strip

Plumbing Legend

Water Closet - Elongated Bowl

Oval Lavatory

Tub - With shower connections and shower rod

Shower StallWasher & Dryer - Connections with 1, 110 duplex, 1, 220 outlet, and hot and cold water and 1 1/2” vented waste for washer. Vent dryer to exterior of building.

WD

HW

Air Conditioning Condenser Unit

Water Heater - 80 gal. elect. unit with220v outlet

Double Sink - with disposal, under counter dishwasher; faucets selected by owner

AC

DW

HVAC Stand HVAC Stand

Heated:

Area calculations for 1st Floor

3047.1 sq. ft.CoveredPorches:Open Deck: 149.4 sq. ft.

821.5 sq. ft.

1/A300 1/A3001/A300

Hallway 2 up

2880

4”stud pocket. Typ


center of circular porch and pool edge

td wd. open handrail w/ wood cap @ 36” a.f.f.

beam above shown dotted

Typical exterior column 10” sq built up wood columns w/ applied trim. structural columns to have 6x6 tr. wd. posts in center

slope 3/16”:12”

t&g Ipe decking

Door under stair shown dotted

Window under stair shown dotted

fireplace

Mom

ent Frame (see S100)

Mom


THE FOLLOWING INSPECTIONS ARE MANDATORY BY THESIGNATORY OF THE V ZONE CERTIFICATE TO VERIFY THEREQUIREMENTS FOR SCOUR AND WIND RESISTANCE HAVEBEEN MET:

1) INSPECT THE GRADE BEAM PRIOR TO THE POURING WITH ALLTHE REINFORCING INSTALLED2) INSPECT ALL THE CMU 16” PIERS INSTALLED WITH THEINSTALLED REINFORCING PRIOR TO POURING THE CELLS.3) INSPECT THE INSTALLATION OF THE ANGLE CONNECTIONSBETWEEN THE FIRST FLOOR DROPPED GIRDERS AND THE PIERS.4) INSPECT THE SHEAR WALL INSTALLATION, INCLUDING THESHEAR WALL HOLD DOWNS, SHEAR WALL INSTALLATION ANDNAILING.5) INSPECT THE BREAK AWAY WALLS.

STRUCTURAL MANDATORY INSPECTIONS General Symbols

2880Interior Door

2880

Exterior Door

Keyed into Exterior Opening Schedule by number

Width & Height In Feet & Inches

Exterior Window

Detail Reference


Detail number Sheet number

Pocket Door

Bi-Fold Door

Sliding Bypass Door

12A402

grade beam

Grade beam 24” wide x 20” deep See Details Piers to be 16”x16”, unless otherwise dimensioned. Piers to be reinforced with 4-#5 vertically, with #3 stirrups vertically spaced at 12” oc, and all cells filled solid with 3000 psi concrete.

CMU pier w/ reinforcing

2x4 stud wall

2x6 stud wall

CMU pier & Grade beam

2x4 studs @ 16” o.c., use treated lumber below flood plane and when in contact with masonry. Typical unless otherwise noted.


tr. wood pile

Piles for main structure to be #2 SYP. pt. 12” nominal dia. w/ 10” dia tip. Pile length 26’, (Contractor to verify). Total embedment 16’ below grade. Bearing capacity = 45kips. Tensile Capacity = 22kips

D00

1

W101

1212

pier number

Moment Frame (see S100)

3,070 Sq ft

3680 3680

drop @ shower

mirror

cabinets above shown dotted

laundry sink

hose bib


Typical exterior column 10” sq. built -up columns w/ applied trim. Structural cols to have 6x6 tr. wd. posts in center


hose bib

slope 3/16”:12”

Eased edge Ipe decking

center of curved pool edge

newel posts w/copper caps


for pool, spa and disappearing edge details, see structural details

Top of Pool Curb El 21'-2"

Top of Spa Curb El 21'-10"

disappearing edge

layout and selection of closet organizer to be determined


6” wall

6” wall

6” wall

6” wall 6” wall

6” wall

1/A301

1 A400

2 A

401

2 A

400

coordinate holdown with steel beam below

HTT to be anchored to LVL

by others by others

co

ns

i

st

en

tedge

contractor to verify clearance for combustible materials


thicken wall to allow for pocket door and plumbing

6” wall, coordinate with structural for column locations



6” wall, coordinate with

structural for column locations

6” wall, coordinate with

structural for column locations


HTT to be anchored to LVL

75°

4’-8”

5’-0

”

6’-0” 15’-2”

2’-10”8’-0”

W123

2’-10”

W124

2’-8”4’-8”2’-8”

W125W126

2’-10”

W127

8’-0”

W128

6’-0”3’-0”

2’-6

”

2’-6

”

W13

2W130

3’-10” 5’-0” 6’-6”

2’-4

”

7’-4” 5’-8” 6’-0”

3’-1

0”10

’-6”

4’-0

”5’

-4”

7’-4

”

7’-9

”2’

-6”

20’-0”3’-10”14’-2”5’-6”

9’-5”4’-3”5’-6” 4’-4”2’

-6”

6”5’

-2”

2’-1

”4’

-0”

12’-1

0”

6’-4

”

4’-0

”7’

-10”

4’-6”7’-4”3’-10”

11’-2”

12’-10”

R=9’-2”

10’-2” 5’-10” 3’-8”

Stairs dn 17 R

3’-3

”3’

-3”

4”

12’-1

0”

5’-1” 5’-1”1’-0” 9’-6” 5’-4” 2’-2”

4’-2” 8’-2” 4’-2” 8’-2”

5’-3” 3’-8”3’-8” 3’-7”9’-0”3’-1”10’-6”7’-4”

3’-0”

10’-2”

7’-2”

6’-6”

2’-4

” 2’-9”

8’-8

”8’

-8”

9’-9

”

2’-1

0”8’

-8”

W12

2D

104

D10

35’

-0”

5’-0

”4’

-9”

4’-9

”5’

-0”

5’-0

”8’

-8”

3’-6

”

8”

3’-2

”3’

-2”

8”8”

5’-0

”

8”26

’-10”

2’-10”

6”1’-8”8”8’-0”8”4’-0”8”

5’-4”

2’-4”2’-4” 8” 5’-9

”

R= 9’-0”

8”

R= 9’

-0”

8”

5”

3’-8

”

8”

W129

W101

W102

W103

W104

18’-0”

9’-0” 9’-0”

W105

W108

8’-1

0”

6”19

’-6”

6”

9’-9

”9’

-9”

5’-4”

5’-9

”

5”2’-1”

W106

W107

13’-10”13’-4”

5’-8”

3’-0”

3’-0”

6’-0”

3’-10”

45°

45°

45°

45°

55°

8’-0

”4’

-10”

4’-4

”

10”

8’-2

”

9’-0

”

D101

W109 W110

W111

W112W113

W114 W115 W116

W117

D102

W118

W119

W12

0W

121

W131

2’-8

”

6’-2

”6’

-2”

2’-8

”7’

-0”

9’-9

”9’

-9”

6’-3

”6’

-3”

6’-8

”

12’-1

0”

1’-6

”7’

-0”

4’-4

”

2’-4”5’-8”

5”4’-2”4’-11”

3’-5”

5’-8

”

28°

4’-4”4’-4”2’-4

”

2/A301

1 A

401

2’-8”

8”

4567853’-2”

10’-0”

A

B

C

D

E

54’-0

”

4’-1

0”12

’-4”

19’-6

”17

’-4”

7 3810

4’-1

0”12

’-10”

4’-6

”

10

18’-6”

2

1

43’-6”

4

9’-8”

13’-8”19’-10”

18’-0” 10’-2”

43’-6”

48’-2”

D

E

A

C

17’-2

”19

’-6”

17’-4

”

9’-9

”

9’-6”

113’-0”

13’-9”

9’-0

”

9’-9

”

4’-8”

27’-2”

S T E P H E N H E R L O N G

& A S S O C I A T E S , I N C.A R C H I T E C T S

ALL

DES

IGN

S A

ND

SPE

CIFI

CATI

ON

S D

EPIC

TED

ON

TH

IS S

HEE

T A

RE T

HE

PRO

PERT

Y S

TEPH

EN P

. HER

LON

G &

ASS

OCI

ATE

S IN

C.

AN

Y U

NA

UTH

ORI

ZED

USE

OR

REPR

OD

UCT

ION

IS S

UBJ

ECT

TO L

EGA

L PR

OSE

CUTI

ON

. PO

SSES

SIO

N IN

AN

Y F

ORM

CO

NST

ITU

TES

ACC

EPTA

NCE

OF

THES

E CO

ND

ITIO

NS.

STATUS DATEConceptual Design

Design Dev.

Revision:

Revision:

Revision:

Revision:

2208 Palm Blvd.

Isle of Palms, S.C.

103 Palm Blvd. Suite 3A Isle Of Palms, SC 29451

Phone: 843-886-9199 Fax: 843-886-9198

Plot Reference:

Permitting

Construction

This drawing may not be reproduced without the written permission of Stephen P Herlong & Associates Inc

Construction Documents

√

√

√

√

√

05/24/06

9:38 AM Tuesday, May 15, 2007

√

06/27/06

B

A

A

B

B

B

BB

BB B B

B B B

B

B

B

B

B

A

B

A

B

BB

B B B

B

B

B

6” wall

drop @ shower

1/A300

Second Floor Plan A102

Kitchen

bar sink

Dining

Living Room

Banquette

wine/ drinks

Master Bedroom

Master Bath

MasterCloset

Stair Hall

Future Elev

Porch

Sitting Room/ Media Room/

Bedroom

South Upper Porch

fridge

Utility

Closet

Closet

Bath

Upstairs Entry Hall

Upper Porch

Side Porch

Master Hallway

curv

ed

slop

e2’

-0”

1’-0” 1’-0”

slop

e 3/

16”:

12”

waterproof membrane



Typical exterior column 1’-2” dia permacast columns w/ applied trim. structural columns to have 6x6 tr. wd. posts in center edge of roof above shown dotted

Stairs Dn 20R @ 7 1/2”

open to below

Construction Notes

1. All interior walls are to be framed with 2x4 wood studs @ 16” o.c. unless otherwise noted on plan. All walls or sections of walls containing pocket doors are to be framed with 2x6 wood studs @ 16” o.c.. See structural drawings for additional framing information. 2. All interior walls to have sound batt insulation. 3. For sizes of structural columns refer to sheet S101 1st Floor Framing 4. HVAC Contractor to perform heat gain calculations based on volume, amount of glazing, type of glazing, and components which give off heat (A/V components, ice makers, appliances etc.)

Holddown Legenddesignated by

designation Simpson connector #A

1 pairHTT-22HD-10A 1

B

1. Exterior Shear Walls (ALL exterior walls) are Type II, Exposure Category C and are shown on the floor plans as to be sheathed with 5/8” plywood (on exterior side) and nailed as per schedule on S100. 2. Interior Shear Walls are shown on the floor plans as and are to be constructed with 5/8” plywood on framing studs one side only - unless otherwise noted, and nailed as per schedule on Sheet S100.

Shear Walls

Area calculations for 2nd Floor

Heated:CoveredPorches:

2548.5 sf881.5 sf

Open Deck: 280 sf

project north

Plumbing Legend

Water Closet - Elongated Bowl

Oval Lavatory

Tub - With shower connections and shower rod

Shower StallWasher & Dryer - Connections with 1, 110 duplex, 1, 220 outlet, and hot and cold water and 1 1/2” vented waste for washer. Vent dryer to exterior of building.

WD

HW

Air Conditioning Condenser Unit

Water Heater - 80 gal. elect. unit with220v outlet

Double Sink - with disposal, under counter dishwasher; faucets selected by owner

AC

DW

Scale: 1/4" = 1'-0"1 Second Floor Plan

1/A301

THE FOLLOWING INSPECTIONS ARE MANDATORY BY THESIGNATORY OF THE V ZONE CERTIFICATE TO VERIFY THEREQUIREMENTS FOR SCOUR AND WIND RESISTANCE HAVEBEEN MET:

1) INSPECT THE GRADE BEAM PRIOR TO THE POURING WITH ALLTHE REINFORCING INSTALLED2) INSPECT ALL THE CMU 16” PIERS INSTALLED WITH THEINSTALLED REINFORCING PRIOR TO POURING THE CELLS.3) INSPECT THE INSTALLATION OF THE ANGLE CONNECTIONSBETWEEN THE FIRST FLOOR DROPPED GIRDERS AND THE PIERS.4) INSPECT THE SHEAR WALL INSTALLATION, INCLUDING THESHEAR WALL HOLD DOWNS, SHEAR WALL INSTALLATION ANDNAILING.5) INSPECT THE BREAK AWAY WALLS.

STRUCTURAL MANDATORY INSPECTIONS General Symbols

2880Interior Door

2880

Exterior Door


Width & Height In Feet & Inches

Exterior Window

Detail Reference


Detail number Sheet number

Pocket Door

Bi-Fold Door

Sliding Bypass Door

12A402

grade beam

Grade beam 24” wide x 20” deep See Details Piers to be 16”x16”, unless otherwise dimensioned. Piers to be reinforced with 4-#5 vertically, with #3 stirrups vertically spaced at 12” oc, and all cells filled solid with 3000 psi concrete.

CMU pier w/ reinforcing

2x4 stud wall

2x6 stud wall

CMU pier & Grade beam



tr. wood pile

Piles for main structure to be #2 SYP. pt. 12” nominal dia. w/ 10” dia tip. Pile length 26’, (Contractor to verify). Total embedment 16’ below grade. Bearing capacity = 45kips. Tensile Capacity = 22kips

D00

1

W101

1212

pier number

copper roof skirt (for zoning)

Mom


Mom


Mom


Moment Frame (see S100)

Mom


cooktop

3’-1

0”8’

-4”

4’-6

”

shower

Pantry

slope 3/16”:12”

t&g Ipe decking

newel posts w/copper caps


edge of roof above shown dotted

(2) 3

080

(2) 3

080

2680

2680

3080

2680

3080

3080 weather strip

2680

3080

3080

2080

3080(2) 2080

2680(2

) 188

0

low roof below

face of wall below shown dotted

edge of roof above shown dotted


waterproof membrane

slop

e 1/

4”12

”




roof above shown dotted

copper roof at edge of porch (for zoning)



6” wall

upper cabinets shown dotted

med cab

med cab

6” wall

6” wall

d/w




roof above shown dotted

copper roof at edge of porch (for zoning)

Upper Circular

Porch

2’-0

”

2’-0

”

2’-0”

2’-0”

2’-0

”

curv

ed

slop

e

1/A301

1’-0”3’-0”

1 A400

2 A

401

2 A

400

1 A

401

6” wall, coordinate with structural for location of columns




2’-6”

2’-8

”

15’-2” 14’-6”

5’-2” 3’-8” 5’-8”

8’-6” 6’-0” 9’-0”

23’-6”13’-3

”5’

-10”

5’0”

2’-2

”3’

-8”

6’-10”10’-0”3’-0”

W220D206W221W222

W121

R=9’-2”

W203

W204

4’-0

”3’

-4”

4’-0

”

6’-2

”6’

-2”

W228

equal

2’-8

”7’

-0”

equal

W22

6

equal

equal

4’-6” 4’-10”14’-4”3’-7 1/2”

W219 W218

9’-9

”9’

-9”

6’-3

”6’

-3”

W201

W202

D201

W230

5’-2

”6’

-1”

12’-1

0”3’-0”

10’-2”

7’-2”

6’-6”

18’-0”

9’-0” 9’-0”

4’-3”5’-6” 4’-0”

3’-0”

4’ 0”

4’-0

”1’

-0”

7’-4

”

9’-3”

2’-8” 3’-7”

2’-6

”2’

-6”

6”

20’-0”

2’-2”

5’-8”3’-4”

6’-3”

1’-6

”

6’-0”

4’-6”

16’-0”

5’-0”

2”9’-0”9’ 0”

D202W208


Built-in shelving, selections by Owner

Built-in cabinetry, selections by Owner

W209

W210 W211

W212

slope 3/16”:12”

t&ge Ipe decking

8’-1

0”

equa

leq

ual

W205

W206

W207 6’

-10”

extent of tray ceiling above shown dotted

extent of barrel vault ceiling above shown dotted



4’-2”4’-11”

4” stud pocket- typ

center door & window opening in exterior wall face

hose bib

4’-8”

2’-9”

hose bib

9’-9

”

6’-1

”3’

-8”

W213

D203

W214

9’-9

”

6’-1

”3’

-8”

W215

D204

W216

75°

R= 9’-0”

45°

45°

45°28°

center of circular porch and pool edge

45°45°

9’-7”

1’-0

”7’

-8”

4’-1

0”3’

-8”

9’-0

”

10”

D205

W217

2-3

”

raised hearth

fireplace to be selected by owner. Contractor to ensure required clearances are met

W224

W227

W229

W223W225

W232 W233W231

4567853’-2”

10’-0”

A

B

C

D

E

54’-0

”

4’-1

0”12

’-4”

19’-6

”17

’-4”

7 3810

4’-1

0”12

’-10”

4’-6

”

10

18’-6”

2

1

43’-6”

4

9’-8”

13’-8”19’-10”

18’-0” 10’-2”

43’-6”

48’-2”

D

E

A

C

17’-2

”19

’-6”

17’-4

”

9’-9

”

9’-6”

113’-0”

13’-9”

9’-0

”

9’-9

”

4’-8”

27’-2”

Properties Recently Sold

Agent Comments: Remarks: Front Beach Isle of Palms....Quaint Beach Cottage with lots of charm and just waiting for someone to add a little TLC. On 2 lots, one house is on and the other a view easement. This Jewell won't be available long....Priced to sell.... THE FRONT LOT IS NOT BUILDABLE.......It does protect owner from ever having another dwelling constructed in front of home.....

Agent Comments: Remarks: This gorgeous, immaculately maintained Isle of Palms beachfront house is a must see! The home is centrally located on the 500 block of Ocean Blvd and features unbelievable panoramic ocean views. Enjoy designer finishes such as built-in shelving, elevator, hardwood flooring, wood ceilings, stainless steel appliances, gas range, Whirlpool tub, dual vanities in Master Bath, custom tiling and much more. Four out of the five bedrooms have ocean views and access to the deck, and the Master Bedroom is absolutely spectacular with a seating area and study. The Media Room includes a bay window and computer nook. A two story deck and screened porch line the back of the home so you can experience total relaxation while taking in the sights and sounds of the ocean. The home also features a private boardwalk to the beach. The exterior is beautifully landscaped and includes a putting green, seating area and outdoor lighting. This opportunity is the perfect combination of a wonderful floorplan, convenient location and breathtaking beach views on the Isle of Palms. THIS IS NOT A SHORT SALE. NO 3RD PARTY APPROVAL NEEDED.

Information deemed to be reliable although not guaranteed

Addr: 3104 PALM BLVD MLS#: 2906791 S #1City/Area: ISLE OF PALMS/CHS-Isle of Palms Category: ResidentialList Price: $1,900,000 Sold Price: $1,755,000 $/Sqft: $975.00Beds: 4 Baths(F/H): 3/0 AprxSqFt: 1,800LstDate: 03/09/2009 SldDate: 04/17/2009Year Built: 1948 Parking: 1 Car Garage DOM / CDOM: 7 / 7ElemSch: SULLIVANS ISLAND Mid: LAING High: WANDOLot: 80 X 430 Acres: 0.5Subdivision: ISLE OF PALMSFeatures: SFD-Traditional Elec Range, Refrigerator, Dishwasher, Washer Conn, Dryer Conn, Garbage Disp, Ceiling Fan, Other (use remarks) Stucco, Vinyl Siding SCEandG, IoP W/S Comm Level, Beach Access, Beachfront, Ocean View

essentially a tear down 1948 cottage

Addr: 518 OCEAN BLVD MLS#: 2918732 S #2City/Area: ISLE OF PALMS/CHS-Isle of Palms Category: ResidentialList Price: $2,600,000 Sold Price: $2,360,000 $/Sqft: $624.67Beds: 5 Baths(F/H): 4/1 AprxSqFt: 3,778LstDate: 07/09/2009 SldDate: 12/09/2009Year Built: 2000 Parking: 3 Car Garage,

AttachedDOM / CDOM: 109 / 109

ElemSch: SULLIVANS ISLAND Mid: LAING High: WANDOLot: 69 X 372 Acres: 0.58Subdivision: ISLE OF PALMSFeatures: Gas Range, Elec Wall Oven, Microwave Built-in, Refrigerator, Dishwasher, Washer Conn, Dryer Conn, Security Sys, Gar Door Opener, Garbage Disp, Ceiling Fan Cement Plank SCEandG, IoP W/S Comm Beachfront, Ocean View

Recently closed approx. 10 year old home on .58 acre lot


Agent Comments: Remarks:

Agent Comments: Remarks: Best deal on Ocean Blvd. This gorgeous, meticulously maintained beachfront home has a freshly painted exterior and newly remodeled kitchen. The open floorplan and abundance of windows allows for fantastic ocean views. Heart of pine hardwood flooring, stainless steel appliances, brand new granite countertops and new sinks and plumbing fixtures are just the beginning of the designer finishes featured in this beautiful home. Contact the listing agent for the list of items that convey. This is a must see for anyone looking for beachfront property. It's a perfect rental property or second home.


Addr: 3906 PALM BLVD MLS#: 2900336 S #3City/Area: ISLE OF PALMS/CHS-Isle of Palms Category: ResidentialList Price: $2,895,000 Sold Price: $2,500,000 $/Sqft: $862.07Beds: 5 Baths(F/H): 4/0 AprxSqFt: 2,900LstDate: 01/05/2009 SldDate: 01/05/2009Year Built: 1990 Parking: Other DOM / CDOM: 0 / 0ElemSch: SULLIVANS ISLANDMid: LAING High: WANDOLot: Acres: Subdivision: ISLE OF PALMSFeatures: SFD-Traditional Elec Range, Microwave Built-in, Refrigerator, Dishwasher, Washer Conn, Dryer Conn, Washer, Dryer, Garbage Disp, Ceiling Fan Cement Plank SCEandG Level, Beach Access, Beachfront, Ocean View

very modest approx. 20 year old home

Addr: 516 OCEAN BLVD MLS#: 2834291 S #4City/Area: ISLE OF PALMS/CHS-Isle of Palms Category: ResidentialList Price: $2,995,000 Sold Price: $2,600,000 $/Sqft: $667.87Beds: 6 Baths(F/H): 4/1 AprxSqFt: 3,893LstDate: 11/24/2008 SldDate: 07/17/2009Year Built: 1992 Parking: 2 Car Garage DOM / CDOM: 190 / 190ElemSch: SULLIVANS ISLAND Mid: LAING High: WANDOLot: Acres: 0Subdivision: ISLE OF PALMSFeatures: SFD-Traditional Elec Range, Refrigerator, Dishwasher, Dryer Conn, Dryer, Security Sys, Garbage Disp, Ceiling Fan Wood Siding SCEandG, IoP W/S Comm Beachfront, 1/2 -1 Acre

approx. 18 year old home with moderate updates. really just a rental property


Agent Comments: Remarks: Input for comparable purposes only.


Addr: 300 OCEAN BLVD MLS#: 2912202 S #5City/Area: ISLE OF PALMS/CHS-Isle of Palms Category:

ResidentialList Price: $4,550,000 Sold Price: $4,550,000 $/Sqft: $650.00Beds: 7 Baths(F/H): 8/1 AprxSqFt: 7,000LstDate: 05/01/2009 SldDate: 05/01/2009Year Built: 2008 Parking: 3+ Car Gar, Attached,

Off-st PrkngDOM / CDOM: 0 / 402

ElemSch: SULLIVANS ISLAND Mid: LAING High: WANDOLot: Acres: 0.69Subdivision: ISLE OF PALMSFeatures: SFD-Traditional Gas Range, Microwave Built-in, Refrigerator, Dishwasher, Washer Conn, Dryer Conn, Whirlpool, Hot Tub/Spa, Intercom, Washer, Dryer, Security Sys, Central Vac, Gar Door Opener, Garbage Disp, Ceiling Fan Wood Siding Beach Access, Beachfront, Ocean View

heresay this one sold with no real estate commissions - distress sale

Sold properties

Total # of Listings 5

Lowest Price Listing $1,755,000

Highest Price Listing $4,550,000

Average Price $2,753,000

Avg. Price/SqFt $756

Avg. Days on Market 61

Cumulative Analysis

Sold Property Analysis

Summary Graph/Analysis

Listing Category Lowest Price Highest Price Average Price Avg Price/SqftSold $1,755,000 $4,550,000 $2,753,000 $756Total Averages $1,755,000 $4,550,000 $2,753,000 $756

Address List Price Sold Price DOM % Chg SP/Sqft3104 PALM BLVD $1,900,000 $1,755,000 7 7.6% $975.00518 OCEAN BLVD $2,600,000 $2,360,000 109 9.2% $624.673906 PALM BLVD $2,895,000 $2,500,000 0 13.6% $862.07516 OCEAN BLVD $2,995,000 $2,600,000 190 13.2% $667.87300 OCEAN BLVD $4,550,000 $4,550,000 0 0.0% $650.00Total Averages $2,988,000 $2,753,000 61 7.9% $756

Property Summary. Sta Street Address Bed Baths SqFt Year Built L Price S Price Sold Date DOM CDOM1 S 3104 PALM BLVD 4 3/0 1,800 1948 $1,900,000 $1,755,000 04/17/2009 7 72 S 518 OCEAN BLVD 5 4/1 3,778 2000 $2,600,000 $2,360,000 12/09/2009 109 1093 S 3906 PALM BLVD 5 4/0 2,900 1990 $2,895,000 $2,500,000 01/05/2009 0 04 S 516 OCEAN BLVD 6 4/1 3,893 1992 $2,995,000 $2,600,000 07/17/2009 190 1905 S 300 OCEAN BLVD 7 8/1 7,000 2008 $4,550,000 $4,550,000 05/01/2009 0 402

©2009 Solid Earth, Inc. Solid Maps

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