NOT LISTED FOR SALE

185 Rutledge Ave Charleston, SC 29403

Cannonborough-Elliotborough Neighborhood

Estimated Value: $1,488,000 - $2,566,000

9 Beds
6 Baths
5,368 Sq Ft
$381/Sq Ft Est. Value

Last Sold April 03, 2020

Last sale price $750,000 $140 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $12,382/month

111 Days on Market

About This Home

As of April 2020

Price is Firm. Wonderful 3 Unit Apartment Building with 9 Bedrooms, 5.5 Bathrooms, and 8 Parking Spaces perfectly situated on the Peninsula at the corner of Rutledge Avenue and Bee Street. Excellent rental units adjacent to MUSC and convenient to the College of Charleston. The property is valued at $1.2M; $133k per Bedroom; $223 psf and has been discounted by $450k to account for deferred maintenance (see Agent for details). Sentricon Termite System in place and transferrable to Buyer at $425 per year. Please see the attached property pro-forma. AE Flood Zone. Zoned DR-2 in the Short Term Overlay District, but Zoned Residential (Therefore Bed and Breakfast rules would apply if someone wanted to use the property as a Short Term Rental. Conditions are attached) Please allow 24 hour Notice

Last Agent to Sell the Property

Chad Yonce CCIM, CPM

Southeastern Management Group License #32066 Listed on: 11/04/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 5,368 Sq Ft Home
  • 4-Story Property

Schools

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

Utilities

  • No Cooling
  • No Heating

Community Details

  • 3 Units
  • Peninsula Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1870
  • Lot Size Acres: 0.1
  • Subdivision Name: Peninsula
  • Directions: Located At The Corner Of Rutledge Avenue And Bee Street
  • New Construction: No
  • Building Stories: 4
  • Structure Type: Triplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Exterior Features

  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 4356
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2019
Closed on
Apr 3, 2020
Sold by
Teras Llc
Bought by
185 Rutledge Llc
Seller's Agent
Chad Yonce CCIM, CPM
Southeastern Management Group
Sold Price
$750,000
Current Estimated Value
$2,045,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,295,181
Avg. Annual Appreciation
18.40%

Purchase Details

Closed on
Jun 28, 2001
Sold by
Saret
Bought by
Teras Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
185 Rutledge Llc $750,000 None Available
Teras Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2020 04/03/20 Sold $750,000 -- $140 / Sq Ft
Source: CHS Regional MLS

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 $22,274 $45,000 $0 $0
2023 $13,077 $45,000 $0 $0
2022 $12,093 $45,000 $0 $0
2021 $11,945 $45,000 $0 $0
2020 $12,686 $45,000 $0 $0
2019 $11,596 $41,920 $0 $0
2017 $11,079 $41,920 $0 $0
2016 $10,719 $41,920 $0 $0
2015 $10,233 $41,920 $0 $0
2014 $8,803 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chad Yonce CCIM, CPM

    Seller's Agent in 2020

    Chad Yonce CCIM, CPM

    Southeastern Management Group

    (843) 343-1923

    13 Total Sales

    Chad Yonce CCIM, CPM
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 19030685

CHS Regional MLS

APN: 460-15-02-089

South Carolina Charleston County Charleston 29403 Cannonborough-Elliotborough

185 Rutledge Ave, Charleston, SC

Not Listed for Sale

MultiFamily

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. © 2026 Charleston Trident MLS. All Rights Reserved

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.