NOT LISTED FOR SALE

Estimated Value: $5,551,000 - $22,905,090

3 Beds
3.5 Baths
8,363 Sq Ft
$1,701/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $12,000,000 $1,435 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $90,549/month

80 Days on Market

Highlights

  • Home Theater
  • Deck
  • Marble Flooring
  • Sitting Area In Primary Bedroom
  • Great Room with Fireplace
  • 3-minute walk to Washington Square Park

About This Home

As of March 2020

Charleston is home to some of the most stunning properties in the world, but there's really nothing that compares to the stature and location of 18 Broad Street, also known as the Peoples Building. Nestled near the corner of historic Broad and East Bay Streets, find yourself immersed in all of the historic charm of the city and steps away from the best in southern cuisine, entertainment, and the unmatched scenery of the Holy City--Conde Nast's Top City in the US for nine years. Unparalleled in prominence, and certainly in panoramic views, the penthouse at 18 Broad comprises the top two floors of the historic People's Building, originally built in 1911. The home boasts a prestigious pedigree that represents innovative design and quality construction including over 50 arched windows and stunning examples of precision millwork. Previously home to some of the city's finest galas, fundraisers, and celebrity events, 18 Broad was built for entertainment. Boasting over 8,000 square feet of interior space, the luxury appointments are only upstaged by the striking skyline and harbor views from every room of the property. Entertain guests in the generous great room fit with the finest details, or settle down for a private meal with family and friends in the formal dining room. The kitchen can be considered a culinary masterpiece featuring two enormous marble islands, Viking and Meile appliances, and magnificent views overlooking the city. The northeast wing of the property extends into the 1500 square foot master suite that greets the owner with a private study and fireplace, built-in bar, and a luxurious bath and steam shower for when it's time to relax. But the crown jewel of 18 Broad is the second-floor lounge and rooftop. An ascent to the top-level unveils a mecca of relaxation and recreation. Punctuated by two additional guest suites, a full kitchen, and billiards room, the views from the rooftop terrace are undisputedly the best in all of Charleston. When it comes to relaxation in the heart of the Holy City, it doesn't get any better than this. Whether you're looking for the perfect property, a premiere Charleston location, or a sophisticated turnkey penthouse, there is no better property than 18 Broad Street.

Last Agent to Sell the Property

Robertson Allen

The Cassina Group License #38705 Listed on: 10/21/2019

Last Buyer's Agent

Carl Mabry

Oyster Point Real Estate Group, LLC License #81765

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,382

Year Built

  • Built in 1911

Lot Details

  • 0.26

HOA Fees

  • $7,021 Monthly HOA Fees

Parking

  • Off-Street Parking

Interior Spaces

  • 8,363 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Smooth Ceilings
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Window Treatments
  • Entrance Foyer
  • Great Room with Fireplace
  • 2 Fireplaces
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Utility Room with Study Area
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Stone
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Dual Closets
  • Walk-In Closet
  • Garden Bath

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • Cooling Available
  • No Heating

Community Details

Overview

  • French Quarter Subdivision

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,382

Year Built

Built in 1911

Lot Details

0

HOA Fees

$7,021 per month

Listing Details

  • Prop. Type: Residential
  • Year Built: 1911
  • Property Sub Type: Single Family Attached
  • Subdivision Name: French Quarter
  • Directions: Property Is Located On The Corner Of Broad And State Streets In The People's Building.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Great Room, Living Room, Two
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Marble, Stone
  • Interior Amenities: Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Wet Bar, Eat-in Kitchen, Family, Formal Living, Entrance Foyer, Great, Media, Separate Dining, Study
  • Window Features: Window Treatments
  • Master Bedroom Features: Garden Tub/Shower, Multiple Closets, Sitting Room, Walk-In Closet(s)

Exterior Features

  • Exterior Features: Balcony
  • Patio And Porch Features: Deck
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Laundry Features: Dryer Connection, Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy

Condo/Co-op/Association

  • Community Features: Elevators
  • Association Fee: 21062.84
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4580903265

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2019
Closed on
Mar 5, 2020
Sold by
Henning Terri J
Bought by
Jre Holdings Llc
Seller's Agent
Robertson Allen
The Cassina Group
Buyer's Agent
Carl Mabry
Oyster Point Real Estate Group, LLC
List Price
$12,000,000
Sold Price
$12,000,000
Current Estimated Value
$14,228,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,228,045
Avg. Annual Appreciation
-1.93%
Original Mortgage
$6,000,000
Outstanding Balance
$5,336,680
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$5,461,569

Purchase Details

Closed on
Apr 2, 2002
Sold by
The Peoples Building Sales Llc
Bought by
Henning Terri J
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
Jre Holdings Llc $12,000,000 None Available
Henning Terri J $2,194,688 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jre Holdings Llc $6,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $12,000,000 0.0% $1,435 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
10/21/2019 10/21/19 For Sale $12,000,000 -- $1,435 / 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 $59,382 $480,000 $0 $0
2023 $59,382 $480,000 $0 $0
2022 $56,331 $480,000 $0 $0
2021 $187,851 $480,000 $0 $0
2020 $29,410 $229,170 $0 $0
2019 $26,035 $199,280 $0 $0
2017 $25,089 $199,280 $0 $0
2016 $23,993 $199,280 $0 $0
2015 $24,840 $199,280 $0 $0
2014 $22,488 $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: 19029508

CHS Regional MLS

APN: 458-09-03-265