NOT LISTED FOR SALE

Estimated Value: $3,284,000 - $3,631,129

7 Beds
5 Baths
3,506 Sq Ft
$990/Sq Ft Est. Value

Last Sold May 01, 2020

Last sale price $1,675,000 $478 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $19,749/month

98 Days on Market

Highlights

  • Traditional Architecture
  • Sullivans Island Elementary School Rated A
  • Heating Available

About This Home

As of May 2020

Location! Location! Known as the ''Spirit of '76'', this property features a magnificent home that was built in 1940 to accommodate the principal and teachers of the original Sullivan's Island School. The possibilities are endless. This historic home is characteristic of late 19th - early 20th century island residential architecture. The property is currently four separate rental units; Three units in the main house and a separate cottage on the property. It remains one of the few ''grandfathered in'' multi-rental properties left on Sullivan's Island. The four rental units have not been vacant in over 20 years. This one of a kind opportunity on Sullivan's Island is ideally located two blocks from the beach and island restaurants. The property is a half acre street to street lot. Whether you are ready to convert the "Spirit of '76" into a single family home or looking for an investment property, look no further!

Last Agent to Sell the Property

Sam Moore

Rachel Urso Real Estate LLC License #101563 Listed on: 11/25/2019

Last Buyer's Agent

Alexander Brener

Carolina One Real Estate License #109800

Carolina One Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,976

Year Built

  • Built in 1940

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 105x210

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,506 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Schools

  • Sullivans Island Elementary School
  • Laing Middle School
  • Wando High School

Utilities

  • No Cooling
  • Heating Available

Community Details

  • Sullivans Island Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,976

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1940
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.51
  • Lot Size: 105x210
  • Ownership: Fee Simple
  • Subdivision Name: Sullivans Island
  • Directions: From Ben Sawyer Bridge, Take A Left Onto Middle Street. House Is On The Left 1 1/2 Blocks Down.
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Fireplace: No

Exterior Features

  • Roof: Asphalt
  • Lot Features: .5 - 1 Acre
  • Construction Type: Vinyl Siding
  • Foundation Details: Crawl Space
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Cooling Y N: No
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy, SI W/S Comm
  • Water Source: Public

Schools

  • Elementary School: Sullivans Island
  • High School: Wando
  • Middle Or Junior School: Laing

Lot Info

  • Lot Size Sq Ft: 22215.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 5290600018
  • Tax Annual Amount: 13975.78

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Apr 30, 2020
Sold by
2314 Middle Street Llc
Bought by
Callahan Laura M and Laura M Callahan Third Amended & Restate
Seller's Agent
Sam Moore
Rachel Urso Real Estate LLC
Buyer's Agent
Alexander Brener
Carolina One Real Estate
List Price
$1,675,000
Sold Price
$1,675,000
Current Estimated Value
$3,472,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,797,043
Avg. Annual Appreciation
11.01%

Purchase Details

Closed on
Sep 17, 2008
Sold by
Poletti Steven C
Bought by
2314 Middle Street Llc

Purchase Details

Closed on
May 30, 2001
Sold by
Kaynard Gerald A
Bought by
Poletti Steven C
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
Callahan Laura M $1,675,000 None Available
2314 Middle Street Llc -- --
Poletti Steven C $725,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2020 05/01/20 Sold $1,675,000 0.0% $478 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
11/25/2019 11/25/19 For Sale $1,675,000 -- $478 / 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 $16,963 $148,000 $0 $0
2023 $16,963 $67,000 $0 $0
2022 $25,618 $100,500 $0 $0
2021 $25,212 $100,500 $0 $0
2020 $15,995 $64,200 $0 $0
2019 $14,199 $55,820 $0 $0
2017 $13,029 $55,820 $0 $0
2016 $12,562 $55,820 $0 $0
2015 $11,914 $55,820 $0 $0
2014 $9,711 $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: 19032457

CHS Regional MLS

APN: 529-06-00-018