F
Seller's Agent in 2023
Frankie Wiles
Smith Spencer Real Estate
(843) 227-2051
45 Total Sales
1107 Prince St Georgetown, SC 29440
Estimated Value: $213,000 - $410,000
4
Beds
4
Baths
2,900
Sq Ft
$108/Sq Ft
Est. Value
Highlights
- Window Unit Cooling System
- Stacked Washer and Dryer
- Heat Pump System
- Ceiling Fan
About This Home
As of May 2023Fantastic investment opportunity, Fully rented at $3,225 a month with the opportunity to increase cash flow!Nestled just a stone's throw away from the picturesque Georgetown waterfront in the coveted Historic District, this quadplex is the epitome of reliability, comfort, and convenience. Boasting four individually metered apartments, this property is perfect for discerning tenants seeking a reliable and long-term home and owner's looking to maximize every square inch of their investment.With a track record of tenants staying an average of four years, you can rest assured that your investment is in good hands.Ample parking is available in the rear of the building, complete with a grand foyer entrance and motion-detection courtesy lighting, providing both safety and convenience.
Each apartment features a thoughtfully designed layout, complete with a full kitchen, bath, living room, and bedroom with washer and dryer. Two apartments even offer an extra room that can be utilized as an office or an additional bedroom. All kitchens come furnished with a stove and refrigerator.
The apartments boast a mix of beautiful hardwood pergo flooring and plush berber carpeting, and all are equipped with mini-splits or window/wall-mounted heat pumps to keep residents comfortable year-round. Outside, tenants can enjoy a screened porch on the bottom floor or relax on the rear seating area.
This charming property comes with an exciting opportunity for an additional cash flow stream. With the included fifth floor space, the potential to transform it into another studio apartment is at your fingertips. Take advantage of this rare chance to increase your investment portfolio and maximize your returns.
Location is PRIME, situated in the heart of historic Georgetown, just a stone's throw away from the bustling waterfront. Take a leisurely stroll down the picturesque streets and explore the plethora of charming shops and restaurants that line the waterfront. Indulge in the rich history and culture of the neighborhood while enjoying the convenience of having everything you need within walking distance.
This is truly an incredible investment opportunity that you don't want to miss! Take a short stroll to experience all that the Georgetown waterfront has to offer, and enjoy the comfort and reliability of this remarkable quadplex. A separate deeded lot also offers additional parking options for tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,889
Year Built
- Built in 1950
Lot Details
- 1 Acre Lot
Parking
- Open Parking
Home Design
- Quadruplex
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 4 Bedrooms
- 2,900 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Crawl Space
- Dishwasher
- Stacked Washer and Dryer
Schools
- Mcdonald Elementary School
- Georgetown Middle School
- Georgetown High School
Utilities
- Window Unit Cooling System
- Heat Pump System
Community Details
- 4 Units
Listing and Financial Details
- Tenant pays for all utilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2023
Closed on
May 19, 2023
Sold by
Dlo Trust
Bought by
Orman Enterprises
Seller's Agent
Frankie Wiles
Smith Spencer Real Estate
Buyer's Agent
Frankie Wiles
Smith Spencer Real Estate
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%
Total Days on Market
2
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,333
Avg. Annual Appreciation
-16.61%
Purchase Details
Listed on
Apr 15, 2023
Closed on
May 10, 2023
Sold by
Fleetwood Earl D
Bought by
Dlo Trust
Seller's Agent
Frankie Wiles
Smith Spencer Real Estate
Buyer's Agent
Frankie Wiles
Smith Spencer Real Estate
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%
Views
34
Purchase Details
Listed on
Jul 8, 2021
Closed on
Nov 11, 2021
Sold by
Cain Connie Dean and Cain Connie Dean
Bought by
Fleetwood Earl D and Fleetwood Mary R
Seller's Agent
Robert Taylor
CB Sea Coast Advantage GT
Buyer's Agent
AGENT .NON-MLS
.NON-MLS OFFICE
List Price
$299,000
Sold Price
$246,500
Premium/Discount to List
-$52,500
-17.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.12%
Original Mortgage
$184,875
Interest Rate
2.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 19, 2004
Sold by
Cain Kathy Ray
Bought by
Cain Connie Dean
Purchase Details
Closed on
Feb 15, 2002
Sold by
Christopher King
Bought by
Cain Connie Dean and Cain Kathy Ray
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Orman Enterprises | -- | None Listed On Document | |
| Scarborough Thomas Lee | -- | None Listed On Document | |
| Dlo Trust | $345,000 | None Listed On Document | |
| Fleetwood Earl D | $246,500 | None Available | |
| Cain Connie Dean | -- | -- | |
| Cain Connie Dean | $77,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fleetwood Earl D | $184,875 | |
| Previous Owner | Cain Connie Dean | $43,000 | |
| Previous Owner | Cain Connie Dean | $40,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2023 05/19/23 | Sold | $345,000 | -1.4% | $119 / Sq Ft |
| 04/24/2023 04/24/23 | Pending | -- | -- | -- |
| 04/21/2023 04/21/23 | For Sale | $350,000 | 0.0% | $121 / Sq Ft |
| 03/29/2022 03/29/22 | Rented | $850 | 0.0% | -- |
| 03/08/2022 03/08/22 | For Rent | $850 | 0.0% | -- |
| 11/16/2021 11/16/21 | Sold | $246,500 | -14.7% | $85 / Sq Ft |
| 09/10/2021 09/10/21 | Price Changed | $289,000 | -3.3% | $100 / Sq Ft |
| 07/08/2021 07/08/21 | For Sale | $299,000 | -- | $103 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $7,889 | $21,120 | $4,500 | $16,620 |
| 2023 | $7,889 | $12,400 | $1,800 | $10,600 |
| 2022 | $4,228 | $12,400 | $1,800 | $10,600 |
| 2021 | $2,934 | $0 | $0 | $0 |
| 2020 | $2,931 | $0 | $0 | $0 |
| 2019 | $2,898 | $0 | $0 | $0 |
| 2018 | $2,918 | $0 | $0 | $0 |
| 2017 | $2,575 | $0 | $0 | $0 |
| 2016 | $2,548 | $8,772 | $0 | $0 |
| 2015 | $2,582 | $0 | $0 | $0 |
| 2014 | $2,582 | $146,200 | $22,400 | $123,800 |
| 2012 | -- | $146,200 | $22,400 | $123,800 |
Source: Public Records
Agents Affiliated with this Home
-
Frankie Wiles
-
A
Seller's Agent in 2022
Alexis McFann
Barefoot Rental Management LLC
(843) 626-7457
-
Maggie Brooks
M
Buyer's Agent in 2022
Maggie Brooks
Ocean Winds Rental Management
(843) 798-8484
-
R
Seller's Agent in 2021
Robert Taylor
CB Sea Coast Advantage GT
-
A
Buyer's Agent in 2021
AGENT .NON-MLS
.NON-MLS OFFICE
Map
Source: CHS Regional MLS
MLS Number: 23008322
APN: 05-0026-109-00-00
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