NOT LISTED FOR SALE

Estimated Value: $1,147,000 - $1,586,572

4 Beds
2 Baths
2,841 Sq Ft
$456/Sq Ft Est. Value

Last Sold September 13, 2019

Last sale price $600,000 $211 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $7,939/month

18 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Property is near a bus stop
  • Wood Siding
  • 3-minute walk to Mitchell Playground

About This Home

As of September 2019

STRONG investment property with long-term and short term rental potential!. This investment property has been APPROVED as a SHORT TERM RENTAL pending the fire marshal's inspection. Owner will have the BUSINESS LICENSE shortly and will transfer to a new owner at closing. STR cap rate of 8.84 or traditional long-term rental cap rate of 4.98. Charleston has been the #1 city in the US for 6 straight years by Travel and Leisure Magazine, and is Southern Living Magazine's ''South's Best City 2019.'' Charleston has also been named the #1 city in the world by Travel and Leisure Magazine, the first domestic city to be so named. Owner can live in one unit and legally short-term rent the other to maximize return. Or, property could also serve strictly as investment with ... two residential units. Currently, Unit B (upstairs), is being used as a two bedroom and one bathroom unit, and Unit A (downstairs), is being used as a two bedroom and two bathroom unit BUT, both units are versatile enough to convert to a 3 bedroom/1 bath and 3 bedroom/2bath respectively. Square footages are 1,445 and 1,395. This Westside community is thriving and "booming" with great restaurants, neighborhood involvement, area revitalization, property renovations and new construction. Enjoy downtown Charleston and all that it has to offer while living, or investing, in 13 Perry Street. This quiet, little street, provides historic Charleston singles, tree-lined sidewalks, moss-draped Grand oaks, private driveways, ample curb-side parking for homeowners, guests and tenants and is just one block off of Rutledge Ave. and three blocks to popular dining destinations like Leon's, Melfi's, Little Jack's, Graft Wine Bar, Dellz Uptown and more! Hampton Park is a short five block walk, The Citadel, MUSC and Marion Square are all within a mile. For commuters, the property is two blocks to the crosstown, Septima Clark Parkway/US 17 and the T. Allen Legare and Arthur Ravenel Jr. Bridges with easy access to both West Ashley and Mt. Pleasant, as well as, James Island and the beaches, via the connector. I-26 into North Charleston is just a mile and a half up Rutledge Ave. This wonderful 1940's Charleston duplex is filled with true old Southern charm and character; 10+ foot ceilings, wide hallways, original hardwood floors, doors and hardware, 4 antique fireplaces (2 in each unit) with old, detailed mantels/ surrounds. Open the door to Unit B and be greeted by a nice first floor foyer and a hardwood staircase. Walk up the steps and be greeted by absolutely gorgeous original hardwood floors, 10+ ceilings and a bright and sunny hallway. Unit B boasts: a spacious, light-filled front living room (currently used as a bedroom) with front porch access, two bedrooms, one
full bath, an eat-in kitchen with sitting area, two charming fireplaces and a laundry/storage room. Step into Unit A and you will find beautiful hardwood floors, 9+ foot ceilings, a spacious front living room filled with tons of natural light, under-stair storage, 2 large bedrooms, both with ample closet space and one of which is a true master bedroom with its own private bath, full hall bath, separate dining room and kitchen with separate laundry/storage space. Options abound with this fabulous investment home: leave "as is and turnkey" and rent out both units, renovate, live in one unit and rent out the second unit long term, or live in one unit and rent the second unit, short term. Expect to be impressed by this wonderful Westside neighborhood and excellent investment opportunity!

Last Agent to Sell the Property

Susan Arrington

Carolina One Real Estate License #30504 Listed on: 07/22/2019

Carolina One Real Estate

Co-Listed By

Ashley Jackrel

Avison Young - South Carolina Inc License #96606

Last Buyer's Agent

Andrew Patterson

Conyers Advisory, LLC License #81380

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,796

Year Built

  • Built in 1940

Lot Details

  • 3,485

Parking

  • Open Parking

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 4 Bedrooms
  • 2,841 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • 3,485 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Westside Subdivision

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,796

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1940
  • Lot Size Acres: 0.08
  • Co List Office Mls Id: 1098
  • Co List Office Phone: 843-937-8585
  • Subdivision Name: Westside
  • Directions: Going North On 17 (crosstown), Left Onto Coming, A Left Onto Carolina And A Right Onto Perry -or- 26 To Rutledge. Take A Right Onto Rutledge, Left Onto Sumter, And A Right Onto Perry.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Total Bedrooms: 4
  • Entry Location: Ground Level
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

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

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Other (Use Remarks)

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Bus Line, Other

Schools

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

Lot Info

  • Lot Size Sq Ft: 3484.8
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4600403023

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2019
Closed on
Sep 12, 2019
Sold by
Dunson William Bradford
Bought by
Barnes James Grant
Seller's Agent
Susan Arrington
Carolina One Real Estate
Buyer's Agent
Andrew Patterson
Conyers Advisory, LLC
List Price
$615,000
Sold Price
$600,000
Premium/Discount to List
-$15,000
-2.44%
Current Estimated Value
$1,346,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$746,681
Avg. Annual Appreciation
13.90%
Original Mortgage
$619,800
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Closed on
Oct 6, 2016
Sold by
Bossman David M
Bought by
Dunson William Bradford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,500
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 2004
Sold by
Estate Of Mary Marie Young
Bought by
Bossman David M
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
Barnes James Grant $600,000 None Available
Dunson William Bradford $550,000 --
Bossman David M $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnes James Grant $624,105
Closed Barnes James Grant $628,812
Closed Barnes James Grant $619,800
Previous Owner Dunson William Bradford $522,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2019 09/13/19 Sold $600,000 -2.4% $211 / Sq Ft
08/10/2019 08/10/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $615,000 -- $216 / 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 $6,796 $30,000 $0 $0
2023 $6,796 $30,000 $0 $0
2022 $6,299 $30,000 $0 $0
2021 $6,312 $30,000 $0 $0
2020 $6,334 $30,000 $0 $0
2019 $6,053 $27,500 $0 $0
2017 $5,797 $27,500 $0 $0
2016 $4,903 $19,000 $0 $0
2015 $4,753 $19,000 $0 $0
2014 $4,411 $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: 19021315

CHS Regional MLS

APN: 460-04-03-023