NOT LISTED FOR SALE

Estimated Value: $3,559,000 - $4,104,000

11 Beds
2 Baths
4,469 Sq Ft
$877/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2024

Last sale price $3,750,000 $839 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $25,926 / mo

8 Days on Market

Highlights

  • 0.16 Acre Lot
  • Central Air
  • Heat Pump System
  • Furnished
  • Wood Siding

About This Home

As of October 2024

FULLY LICENSED AS 3 SEPARATE STR UNITS with revenue! Traditional Charleston meets modern design is what you will find in this refined property by Cozy Development. Renewed this extensive renovation boasts luxury finishes with three separate dwelling units. VALUE ADD: NEW BUILD The property site has the opportunity to add a second sizable structure on the same lot. The Charleston Zoning officials have confirmed from ''Sketch Wednesday'' the path forward to add this second structure, totaling 4 approved STR bedrooms with 4 en-suite bathrooms. Seller agrees to provide any architectural plans, structural engineer plans, civil engineering plans (turning exhibit, utility, sprinkler) and stormwater plans with purchase.VALUE ADD: PROPROSED ADDITION
Inquire about the value add possibilities for this property. IDEAL LOCATION Appointed within the short term rental district, you'll be located within one quintessential neighborhood of Charleston with the conveniences that are highly sought after with the possibility of operating as a licensed, unencumbered short term rental. If you're looking for walkability to some of the best restaurants and cafes, you will be a half mile to King Street and a few minutes walk to Chubby Fish, Vern's, Xiao Bao, 132 Spring Coffee, and BaBa Coffee, making it highly desirable for STR guests. RENOVATED, FURNISHED, TURNKEY
Each of the units have been renovated with similar finishes throughout. The kitchen in each unit is the focal point of every home, which is why each kitchen is dressed in gold finishes and boasts professional grade stainless steel appliances, white custom shaker cabinets, and quartz/quartzite countertops with luxury hand molded backsplash. Other features throughout the units included walk in tiled showers with frameless glass doors, herringbone pattern wood floors in the main floor unit, picture frame molding added throughout the main living areas to bring out the Charleston charm you're expected to experience, a spiral staircase in the upstairs unit, and so much more. A floorplan of this home is available for better understanding of each unit. As a part of the renovations, the property has been outfitted with a commercial fire alarm and R-13 sprinkler system, installed connection for new build sprinkler system as well. Finally, the lot is of considerable size with ample off street parking spaces available for large bookings. HIGH CASHFLOW PROPERTY-Financial revenue numbers since the STR license was established in January 2024 are available upon request.

Last Agent to Sell the Property

Jonathan Hoff

EXP Realty LLC License #74093 Listed on: 08/20/2024

EXP Realty LLC

Co-Listed By

Kristen Krause

REMAX Executive License #83716

Last Buyer's Agent

Lisa Nicole Thornton

Brand Name Real Estate License #139841

Brand Name Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1872

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Triplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 11 Bedrooms
  • 4,469 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Dryer
  • Basement

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1872

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1872
  • Lot Size Acres: 0.16
  • Co List Office Phone: 843-744-9877
  • Inclusions: All Furniture
  • Subdivision Name: None
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Range, Microwave, Refrigerator
  • Total Bedrooms: 11
  • Entry Location: Ground Level

Exterior Features

  • Roof: Metal
  • Construction Type: Wood Siding
  • Foundation Details: Basement, See Remarks
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 6969.6

Multi Family

  • Number Of Units Total: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Oct 18, 2024
Sold by
Bought by
Seller's Agent
Jonathan Hoff
EXP Realty LLC
Buyer's Agent
Lisa Nicole Thornton
Brand Name Real Estate
List Price
$4,099,000
Sold Price
$3,750,000
Premium/Discount to List
-$349,000
-8.51%
Views
6
Current Estimated Value
$3,921,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,260
Avg. Annual Appreciation
2.56%
Original Mortgage
$3,750,000
Interest Rate
0.062%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2020
Closed on
Apr 12, 2021
Sold by
Bought by
Seller's Agent
Luiz Yamashita, CCIM
Dunes Commercial Properties
Sold Price
$1,375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.31%
Original Mortgage
$1,387,500
Interest Rate
0.0355%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 5, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,250
Interest Rate
0.0394%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,250
Interest Rate
0.042%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2013
Sold by
Bought by

Purchase Details

Closed on
Nov 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2006
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,750,000 South Carolina Title
$1,375,000 None Listed On Document
$875,000 None Available
$603,000 --
-- --
-- --
-- None Available
$620,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,750,000
Previous Owner $3,000,000
Previous Owner $2,753,000
Previous Owner $2,100,000
Previous Owner $3,640,000
Previous Owner $1,387,500
Previous Owner $820,250
Previous Owner $450,000
Previous Owner $452,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2024 10/18/24 Sold $3,750,000 -10.7% $839 / Sq Ft
08/21/2024 08/21/24 Price Changed $4,199,000 +2.4% $940 / Sq Ft
08/20/2024 08/20/24 For Sale $4,099,000 +198.1% $917 / Sq Ft
04/23/2021 04/23/21 Sold $1,375,000 -- $313 / Sq Ft View Prior Sale
Source: CHS Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $61,395 $195,000 $0 $0
2023 $55,642 $195,000 $0 $0
2022 $86 $82,500 $0 $0
2021 $15,609 $58,990 $0 $0
2020 $15,495 $58,990 $0 $0
2019 $14,485 $52,500 $0 $0
2017 $9,520 $36,180 $0 $0
2016 $9,296 $36,180 $0 $0
2015 $8,877 $36,180 $0 $0
2014 $6,916 $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: 24021097

CHS Regional MLS

APN: 460-11-02-080

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