NOT LISTED FOR SALE

Estimated Value: $1,424,000 - $3,026,017

6 Beds
7 Baths
4,136 Sq Ft
$584/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $1,299,000 $314 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $13,892/month

178 Days on Market

Highlights

  • 0.23 Acre Lot
  • Traditional Architecture
  • Separate Formal Living Room
  • Fireplace in Bedroom
  • Wood Flooring
  • 4-minute walk to Shiloh Park

About This Home

As of February 2020

Pristine Multi-Unit Downtown Property - Please bring offers!!!Welcome to 169 Rutledge Avenue where Historic Charleston meets tasteful modern & exquisite renovation. This exceptional property has a long & consistent rental history and is walking distance proximity to MUSC and the ever growing hospital district. This prime location to this vibrant area of the peninsula has driven this year over year rental history where very typically one renter hands off to the next group waiting to enjoy the same conveniences & location. The entire property has been returned to its original elegance from top to bottom and now includes 3 separate residences with their own private entrances and 3 separate utility meters.This property has had NO water/flooding issues at any point during ownership and sits high & dry located directly across the street from Ashley Hall School. Additionally, the current DR-1 Zoning allows for Low Impact Uses which could be ideal for a professional business such as a small doctor's or dentist's office among other possibilities.

169 Rutledge is currently used exclusively as a full time rental generating 3 separate income streams however one can easily elect to personally occupy any of the 3 individual residences and rent out the other two creating a personal full time residence with low maintenance and with a massive income stream attached. Purchasing this property now will guarantee a fixed income stream thru July of 2020 and then allows for the new owner plenty of time to devise their own management and or personal usage plan.

The entire property is a showplace of historic architectural beauty and design from top to bottom. The ''Main House'' has 4 bedrooms and 3 1/2 baths exuding Charleston Charm with its high ceilings, original antique heart pine floors with oak inlay borders, crown moldings, multiple fireplaces, large windows and double piazza. As you enter the foyer, the elegant front parlor with bay windows is to your left.

Ahead is the grand ballroom which can be separated into a living room and dining room by simply closing the fully functional original wooden and glass sliding doors, or leave them open for a natural flow through the house, back to the gourmet kitchen. The renovations in this area include custom cabinetry with lighted wine rack, exposed brick and stucco walls, granite countertops, an oversized iron sink, and a huge window allowing tons of natural light. The living areas have traditional double doors leading to the 1st floor piazza overlooking the beautiful courtyard. There is also a bedroom/office, full bathroom and an additional laundry area with second refrigerator just off the kitchen. Upstairs in the main house is the gorgeous master suite with bath and 2 additional bedrooms and hall bathroom.

A separate 1 bedroom apartment has been created upstairs with its own private ground floor entrance. This apartment has hardwood floors, custom cabinets, granite counter tops, its own washer & dryer and 2nd floor piazza access overlooking the beautiful courtyard.

Finally the all brick carriage house is located by walking through the side court yard and entering through the private antique wrought iron and stucco gates where you are greeted by the whimsical Greek god Pan holding up the entrance columns. The carriage house is a jewel box of beautiful and historical architectural detail.

Another great feature to this property is the 6 off street parking spaces. That parking surplus is a great luxury since everything in the historic preservation district and fine restaurant/dining areas are also a pleasant stroll away.

The pristine condition of this entire property is unmatched! Low maintenance, fixed income streams in place, outstanding location. Come take a look at 169 Rutledge today!

Last Agent to Sell the Property

Adam Killermann

Carolina One Real Estate Folly Beach License #56911 Listed on: 07/29/2019

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Jacqueline Scarafile

Carolina One Real Estate License #86118

Carolina One Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,562

Year Built

  • Built in 1890

Lot Details

  • 10,019 Sq Ft Lot
  • Wrought Iron Fence
  • Privacy Fence
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 4,136 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Separate Formal Living Room
  • Dining Room with Fireplace
  • Formal Dining Room
  • Den with Fireplace
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Bedroom
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Memminger Elementary School
  • Courtenay Middle School
  • Burke High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Downtown Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,562

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1890
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.23
  • Ownership: Fee Simple
  • Subdivision Name: Downtown
  • Directions: South On Rutledge Ave Just Past Radcliffe On The Right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Bedroom, Den, Dining Room, Family Room
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Beamed Ceilings, High Ceilings, Kitchen Island, Ceiling Fan(s), Eat-in Kitchen, Family, Formal Living, Entrance Foyer, Great, In-Law Floorplan, Separate Dining
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Asphalt
  • Fencing: Wrought Iron, Privacy
  • Lot Features: Level
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space, Slab
  • Patio And Porch Features: Patio
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Off Street, Other (Use Remarks)

Utilities

  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Memminger
  • High School: Burke
  • Middle Or Junior School: Courtenay

Lot Info

  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4601502100

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2020
Sold by
169 Rutledge Llc
Bought by
Vinzani Michael Jeffrey
Current Estimated Value
$2,416,254

Purchase Details

Listed on
Jul 29, 2019
Closed on
Feb 27, 2020
Sold by
Rutledge Rental Llc
Bought by
169 Rutledge Llc
Seller's Agent
Adam Killermann
Carolina One Real Estate Folly Beach
Buyer's Agent
Jacqueline Scarafile
Carolina One Real Estate
List Price
$1,299,000
Sold Price
$1,299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$1,039,200
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2013
Sold by
Thomas Robin S and Bessent Robin T
Bought by
Rutledge Rental Llc

Purchase Details

Closed on
Mar 11, 2010
Sold by
First Federal Savings & Loan Association
Bought by
Thomas Robin S

Purchase Details

Closed on
Sep 18, 2009
Sold by
Goldstein Anne Treadway
Bought by
First Federal Savings & Loan Association

Purchase Details

Closed on
Sep 23, 2003
Sold by
Dickson Pamela A
Bought by
Goldstein Anne Treadway

Purchase Details

Closed on
Dec 2, 2002
Sold by
Dickson Pamela Aurell
Bought by
Dickson Pamela A and Pamela A Dickson Living Trust
Source: Public Records

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
Vinzani Michael Jeffrey -- None Available
169 Rutledge Llc $1,299,000 None Available
Rutledge Rental Llc -- --
Thomas Robin S $600,000 --
First Federal Savings & Loan Association $787,500 --
Goldstein Anne Treadway $690,000 --
Dickson Pamela A -- --
Dickson Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 169 Rutledge Llc $1,039,200
Previous Owner Thomas Robin S $325,000
Previous Owner Goldstein Anne Treadway $51,659
Previous Owner Goldstein Anne Treadway $1,026,000
Previous Owner Goldstein Anne T $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $1,299,000 0.0% $314 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
07/29/2019 07/29/19 For Sale $1,299,000 -- $314 / 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 $6,562 $51,960 $0 $0
2023 $6,562 $51,960 $0 $0
2022 $6,186 $51,960 $0 $0
2021 $6,498 $51,960 $0 $0
2020 $14,583 $37,310 $0 $0
2019 $13,315 $48,660 $0 $0
2017 $12,715 $48,660 $0 $0
2016 $12,298 $48,660 $0 $0
2015 $11,734 $48,660 $0 $0
2014 $10,353 $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: 19021946

CHS Regional MLS

APN: 460-15-02-100