NOT LISTED FOR SALE

1153 Faile St Lancaster, SC 29720

Estimated Value: $109,000 - $140,000

2 Beds
1 Bath
780 Sq Ft
$157/Sq Ft Est. Value

Last Sold July 22, 2024

Last sale price $110,000 $141 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $708/month

9 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Four Sided Brick Exterior Elevation
  • Buford Middle School Rated 9+
  • Attached Carport
  • Central Heating and Cooling System

About This Home

As of July 2024

Great all-brick ranch located in the heart of Lancaster, just minutes from shopping, restaurants, and dining. This home features a traditional layout with original hardwood floors. The property sits on a nicely sized lot with well-maintained landscaping and mature trees.

The current renter has lived in the house for 16 years, and the owner has not raised the rent during their ownership. The current rental rate for a similar 2-bedroom home in the area is $1,100, presenting an excellent opportunity for investors seeking the 1% rule. The roof was replaced about three years ago, the HVAC system is from 2016, and while the age of the water heater is undetermined, all systems are functioning well with no open maintenance requests.

This home is also open to owner-occupied offers. The tenant is on a month-to-month lease and can be given notice before closing.

Agent is owner.

Last Agent to Sell the Property

Kimberly Christenbury

Ivy and Trellis LLC Brokerage Email: kim@ivyandtrellis.com License #265166 Listed on: 06/12/2024

Last Buyer's Agent

Howard Martin

Nestlewood Realty, LLC License #315640

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1963

Lot Details

  • 0.3

Home Design

  • Traditional Architecture
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 780 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Range Hood

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Attached Carport
  • Driveway

Additional Features

  • Property is zoned LDR
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0081C-0D-010.00

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1963
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 141.03
  • Geocode Confidence: High
  • Attribution Contact: kim@ivyandtrellis.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 780
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Exhaust Hood
  • Above Grade Finished Sq Ft: 780
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 780
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Exclusions: Refrigerator, stove, washer, dryer and deep freezer all belong to tenant.
  • Construction Type: Brick Full

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Attached Carport, Driveway

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: In Carport
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 0081C-0D-010.00
  • Zoning: LDR
  • ResoLotSizeUnits: Acres
  • Zoning Specification: LDR

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Jul 17, 2024
Sold by
Christenbury Real Estate Llc
Bought by
Bryce Hunter George
Seller's Agent
Kimberly Christenbury
Ivy and Trellis LLC
Buyer's Agent
Howard Martin
Nestlewood Realty, LLC
List Price
$127,500
Sold Price
$110,000
Premium/Discount to List
-$17,500
-13.73%
Views
24
Current Estimated Value
$122,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,167
Avg. Annual Appreciation
7.45%
Original Mortgage
$88,000
Outstanding Balance
$86,941
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$35,226

Purchase Details

Closed on
Sep 11, 2020
Sold by
Mckale Steven J and Mckale Rita Lynn
Bought by
Christenbury Real Estate Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bryce Hunter George $110,000 None Listed On Document
Bryce Hunter George $110,000 None Listed On Document
Christenbury Real Estate Llc $37,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bryce Hunter George $88,000
Closed Bryce Hunter George $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2024 07/22/24 Sold $110,000 -13.7% $141 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $127,500 -- $163 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $822 $2,484 $342 $2,142
2023 $821 $2,484 $342 $2,142
2022 $818 $2,484 $342 $2,142
2021 $805 $2,484 $342 $2,142
2020 $791 $2,442 $342 $2,100
2019 $825 $2,442 $342 $2,100
2018 $794 $2,442 $342 $2,100
2017 $745 $0 $0 $0
2016 $735 $0 $0 $0
2015 $682 $0 $0 $0
2014 $682 $0 $0 $0
2013 $682 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4150187

Canopy MLS (Canopy Realtor® Association)

APN: 0081C-0D-010.00