NOT LISTED FOR SALE

Estimated Value: $972,000 - $1,137,000

1 Bed
3 Baths
1,165 Sq Ft
$899/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $675,000 $579 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,164/month

17 Days on Market

Highlights

  • Central Air
  • Wood Siding
  • 1-Story Property
  • Ceiling Fan
  • Heating Available
  • 4-minute walk to McMahon Playground

About This Home

As of July 2021

A move-in ready investment opportunity! Two separate living spaces under one roof - a spacious one bedroom/one bath and a separate two bedroom/two bath- both with their own entrances. Both are turnkey and ready for move in immediately.This is a great opportunity to cash flow one unit to drastically reduce monthly expenses. Enjoy the benefits of living in the middle of downtown Charleston, while paying a fraction of your mortgage payment out of your own pocket.The furnished studio features a living room, kitchenette and separate bedroom With a California king bed, a shower, ample closet space with stackable W/D hookups. It makes a great short term rental or keep this pied-a-terre for yourself, while maximizing the rental income from the 2 bedroom 2 bath main section.There are 'lockout' doors between the apartment bedroom and guest bedroom of the main living quarters, to allow multi-functional options by the owner.

Original brick chimneys accentuate the cottage feel in both sides of the house.

Very durable and easy-to-maintain LVP flooring is throughout most of the home with the exception of the master bedroom, guest bath, and hall that have original painted wood flooring.

The generous backyard with repurposed brick paver patio, propane grill and heating tower, is a perfect escape in the middle of Downtown Charleston.

With a location steps from Upper King Street, thriving new restaurants, MUSC, The Citadel, CofC, Charleston School of Law - you are in the best centralized area in Downtown. Quickly hop over the bridges to James Island, West Ashley, Mount Pleasant, Sullivans Island... and still be only minutes away from the lower peninsula.

This home can be sold partially or fully furnished. Located in an X zone, no flood insurance is required. Contact your agent for a showing!

Last Agent to Sell the Property

Katie Frederick

Carolina One Real Estate License #90541 Listed on: 05/20/2021

Carolina One Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,011

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • 2 Car Garage
  • Open Parking

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1 Bedroom
  • 1,165 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Schools

  • Mitchell Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for no utilities

Community Details

Overview

  • 2 Units
  • North Central Subdivision

Building Details

  • Operating Expense $5,597
  • Gross Income $16,800
  • Net Operating Income $11,203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,011

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1920
  • Lot Size Acres: 0.07
  • Inclusions: Some Furniture
  • Subdivision Name: North Central
  • Directions: Rutledge Avenue Or King Street To Maverick Street. House Is On The South Side Of The Street, Just East Of Oswego Street.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Refrigerator, Washer
  • Total Bedrooms: 1
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Dryer Connection, Washer Hookup
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Schools

  • Elementary School: Mitchell
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: No Utilities

Tax Info

  • Tax Map Number: 4631504053

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16800
  • Property Net Operating Income: 11203
  • Annual Operating Expense: 5597

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Jul 9, 2021
Sold by
Thomas Jonathan C
Bought by
Maggin Leah and Fontaine Adam
Seller's Agent
Katie Frederick
Carolina One Real Estate
Sold Price
$675,000
Current Estimated Value
$1,047,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,267
Avg. Annual Appreciation
9.43%
Original Mortgage
$573,750
Outstanding Balance
$526,199
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$455,977

Purchase Details

Listed on
Feb 15, 2016
Closed on
Apr 1, 2016
Sold by
Hicks James V and Hicks Laurie M
Bought by
Thomas Jonathan C and Thomas Marcus W
Seller's Agent
Daniel Atwill
Roadstead Real Estate Advisors, LLC
Buyer's Agent
Katie Frederick
Carolina One Real Estate
List Price
$398,000
Sold Price
$385,000
Premium/Discount to List
-$13,000
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.22%
Original Mortgage
$346,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2015
Closed on
Aug 5, 2015
Sold by
Hicks James V
Bought by
Hicks James and Hicks Laurie M
Seller's Agent
Jennifer Lepage
AgentOwned Realty Charleston Group
Buyer's Agent
Daniel Atwill
Roadstead Real Estate Advisors, LLC
List Price
$135,000
Sold Price
$135,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
297.06%

Purchase Details

Listed on
Jan 16, 2015
Closed on
Jun 11, 2015
Sold by
Berry Gwendolyn Nell and Nell Karen Yvette
Bought by
Hicks James
Seller's Agent
Jennifer Lepage
AgentOwned Realty Charleston Group
Buyer's Agent
Daniel Atwill
Roadstead Real Estate Advisors, LLC
List Price
$135,000
Sold Price
$135,000

Purchase Details

Closed on
Mar 20, 2013
Sold by
Estate Of Lillian B Toomer and Nell Rosa C
Bought by
Nell Karen Yvette
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maggin Leah $675,000 Real Estate Title
Thomas Jonathan C $385,000 --
Hicks James -- --
Hicks James $135,000 --
Nell Karen Yvette -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maggin Leah $573,750
Previous Owner Thomas Jonathan C $346,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $675,000 +75.3% $579 / Sq Ft
04/04/2016 04/04/16 Sold $385,000 -3.3% $330 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $398,000 +194.8% $342 / Sq Ft
07/01/2015 07/01/15 Sold $135,000 0.0% $116 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $135,000 -- $116 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,011 $31,190 $0 $0
2023 $6,011 $31,190 $0 $0
2022 $5,598 $31,190 $0 $0
2021 $2,280 $17,710 $0 $0
2020 $2,826 $18,600 $0 $0
2019 $2,530 $16,170 $0 $0
2017 $2,436 $16,170 $0 $0
2016 $5,890 $23,100 $0 $0
2015 $1,809 $7,150 $0 $0
2014 $1,565 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 21013529

CHS Regional MLS

APN: 463-15-04-053