NOT LISTED FOR SALE

140 Spring St Unit Abc Charleston, SC 29403

Cannonborough-Elliotborough Neighborhood

Estimated Value: $1,914,230 - $2,295,000

6 Beds
3 Baths
3,028 Sq Ft
$699/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $1,970,000 $651 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $14,555/month

12 Days on Market

Highlights

  • Central Air
  • Wood Siding
  • No Heating
  • Laundry Facilities

About This Home

As of December 2023

A rare opportunity to own a turnkey, professionally managed, fully operational, legal STR Triplex. Located in the heart of the Short-Term Overlay, this fully renovated triplex features a 1bd/1ba unit, 2bd/1ba unit, and a 3bd/2ba unit. Tastefully updated in Summer 2023, upgrades include significant interior makeover of each unit, new windows, and new furnishings. Property will be sold fully furnished and operational to cash flow on day one. This is as Turnkey as it gets!

Last Listed By

Reid Walker

The Exchange Company, LLC License #86737 Listed on: 10/20/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,837

Year Built

  • Built in 1890

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Triplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 6 Bedrooms
  • 3,028 Sq Ft Home
  • 3-Story Property

Schools

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

Utilities

  • Central Air
  • No Heating

Community Details

Overview

  • 3 Units
  • Elliotborough Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,837

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1890
  • Lot Size Acres: 0.08
  • Subdivision Name: Elliotborough
  • Directions: North On King Street, Left On Spring. 140 Spring Will Be On The Right, Just Past The Corner Of Ashley And Spring
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bedrooms: 6

Exterior Features

  • Roof: Metal
  • Construction Type: Wood Siding
  • Other Structures: None

Garage/Parking

  • Parking Features: Other (Use Remarks)

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: No
  • Utilities: Charleston Water Service, Dominion Energy

Condo/Co-op/Association

  • Community Features: Laundry

Schools

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

Lot Info

  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4601102055

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Dec 14, 2023
Sold by
140 Spring Street Llc
Bought by
140 Spring Holdings Llc
Seller's Agent
Reid Walker
The Exchange Company, LLC
Buyer's Agent
Richard Callari
Birchin Lane Realty Advisors, LLC
List Price
$2,350,000
Sold Price
$1,970,000
Premium/Discount to List
-$380,000
-16.17%
Total Days on Market
12
Views
15
Current Estimated Value
$2,116,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,558
Avg. Annual Appreciation
5.40%
Original Mortgage
$1,374,750
Outstanding Balance
$1,160,822
Interest Rate
7.76%
Mortgage Type
Construction
Estimated Equity
$958,589

Purchase Details

Closed on
May 22, 2009
Sold by
Gadsden Kellease
Bought by
140 Spring Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2008
Sold by
Martin Daniel E and Gadsden Kellease
Bought by
Gadsden Kellease

Purchase Details

Closed on
Aug 1, 2005
Sold by
Lesesne William
Bought by
Martin Daniel E and Gadsden Kellease

Range of Values:

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Average Value
Not Available
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
140 Spring Holdings Llc $1,970,000 None Listed On Document
140 Spring Street Llc $215,500 --
Gadsden Kellease -- --
Martin Daniel E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 140 Spring Holdings Llc $1,374,750
Previous Owner 140 Spring Street Llc $402,000
Previous Owner 140 Spring Street Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $1,970,000 -16.2% $651 / Sq Ft
10/20/2023 10/20/23 For Sale $2,350,000 -- $776 / 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
2023 $33,837 $58,420 $0 $0
2022 $15,637 $58,420 $0 $0
2021 $15,444 $58,420 $0 $0
2020 $15,331 $58,420 $0 $0
2019 $8,268 $29,670 $0 $0
2017 $7,902 $29,670 $0 $0
2016 $7,648 $29,670 $0 $0
2015 $7,304 $29,670 $0 $0
2014 $6,292 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Reid Walker

    The Exchange Company, LLC

    (843) 725-8613

    5 in this area

    40 Total Sales

    Reid Walker
    Section Image
  • Richard Callari

    Buyer's Agent in 2023

    Richard Callari

    Birchin Lane Realty Advisors, LLC

    (954) 658-9792

    6 in this area

    20 Total Sales

    Richard Callari
    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 23024065

CHS Regional MLS

APN: 460-11-02-055

South Carolina Charleston County Charleston 29403 Cannonborough-Elliotborough

140 Spring St Unit Abc, Charleston, SC

Homes for Sale in Charleston, SC

This home is located at 140 Spring St Unit Abc, Charleston, SC 29403 since 20 October 2023 and is currently estimated at $2,116,558, approximately $698 per square foot. This property was built in 1890. 140 Spring St Unit Abc is a home located in Charleston County with nearby schools including Mitchell Elementary School, James Simons Elementary School, and Simmons Pinckney Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved