S
Seller's Agent in 2022
SALE NON-MEMBER
NON MEMBER SALE (201)
1251 Sumner Ave North Charleston, SC 29406
Park Circle Neighborhood
3
Beds
--
Bath
22,560
Sq Ft
1.66
Acres Lot
Highlights
- 1.66 Acre Lot
- Park
- Forced Air Heating System
- Cooling Available
- Property is near bus stop
- High-Rise Community
About This Home
As of March 202224 Units, all 3BR 1.5BA. Complex has undergone extensive renovation (see attachments). 100% occupied, all tenants are on a month to month lease, with NO subsidized / SEC 8. All units are currently rented below market value, so there is room for capital improvement. This is a PERFECT 1031 property, or portfolio add for someone looking for a clean and operational complex.
Last Agent to Sell the Property
Carolina One Real Estate License #30394 Listed on: 10/08/2021
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Condominium
Year Built
- Built in 1992
Lot Details
- 1.66
Parking
- 2 Car Garage
- Open Parking
Home Design
- Slab Foundation
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 3 Bedrooms
- 22,560 Sq Ft Home
- 3-Story Property
- Dishwasher
- Dryer Hookup
Location
- Property is near bus stop
Schools
- North Charleston Elementary School
- Morningside Middle School
- North Charleston High School
Utilities
- Cooling Available
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for all utilities
Community Details
Overview
- 24 Units
- High-Rise Community
- Charleston Farms Subdivision
Recreation
- Park
Building Details
- Operating Expense $69,217
- Gross Income $318,880
- Net Operating Income $249,663
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/21/2022 03/21/22 | Sold | $3,950,000 | -0.3% | $175 / Sq Ft | |
| 03/17/2022 03/17/22 | Sold | $3,962,521 | 0.0% | $147 / Sq Ft | View Prior Sale |
| 01/27/2022 01/27/22 | Pending | -- | -- | -- | |
| 01/27/2022 01/27/22 | Pending | -- | -- | -- | |
| 01/27/2022 01/27/22 | For Sale | $3,962,521 | -11.9% | $147 / Sq Ft | |
| 10/08/2021 10/08/21 | For Sale | $4,500,000 | -- | $199 / Sq Ft |
Source: CHS Regional MLS
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 | $79,660 | $237,000 | $0 | $0 |
| 2023 | $71,787 | $237,000 | $0 | $0 |
| 2022 | $24,862 | $83,810 | $0 | $0 |
| 2021 | $24,999 | $83,810 | $0 | $0 |
| 2020 | $24,795 | $83,810 | $0 | $0 |
| 2019 | $23,173 | $75,000 | $0 | $0 |
| 2017 | $16,853 | $56,160 | $0 | $0 |
| 2016 | $16,711 | $56,160 | $0 | $0 |
| 2015 | $16,200 | $56,160 | $0 | $0 |
| 2014 | $14,336 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jill Weatherford
Seller's Agent in 2022
Jill Weatherford
Carolina One Real Estate
(843) 270-7400
1 in this area
37 Total Sales
-
Joe Teders
Seller Co-Listing Agent in 2022
Joe Teders
Carolina One Real Estate
(843) 939-0333
1 in this area
21 Total Sales
-
N
Buyer's Agent in 2022
Non Member
NON MEMBER
Map
Source: CHS Regional MLS
MLS Number: 21027277
APN: 471-02-00-093
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