NOT LISTED FOR SALE

Estimated Value: $1,691,851 - $2,060,000

4 Beds
2 Baths
1,344 Sq Ft
$1,381/Sq Ft Est. Value

Last Sold June 12, 2023

Last sale price $1,600,000 $1,190 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,325/month

52 Days on Market

Highlights

  • Furnished
  • Ceiling Fan
  • Stacked Washer and Dryer
  • Central Air
  • Wood Siding
  • 5-minute walk to DeReef Park

About This Home

As of June 2023

FULLY LICENSED STR IN OPERATION! Traditional Charleston meets modern design is what you will find in this newly refined property by Cozy Development. Renewed to the highest quality, this property has undergone a studs out renovation that boasts luxury finishes with two separate dwelling units. IDEAL LOCATION Appointed within the short-term rental district; you'll be located within one quintessential neighborhoods 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 within a five-minute walk of upper King Street, the epicenter of nightlife in Charleston.You'll have easy access to places like Prohibition, Bourbon N' Bubbles, Felix, Uptown Social and so many more restaurants, making it highly desirable for STR guests. ((FULLY RENOVATED, FURNISHED, TURNKEY (Each of the units feature two full bedrooms and two full bathrooms which have been fully 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 upgraded stainless steel appliances, custom shaker cabinets with a farmhouse sink, and quartz/quartzite countertops with luxury hand molded backsplash and open shelving. Other features throughout the units included walk in herringbone pattern tiled shower with an illuminated shower niche, wood floors throughout. Finally, the rear of the property has been reimagined with a paver patio, modern fencing with mounted lighting, cafe lighting, and turf. This property is modern and virtually maintenance free!((HIGH CASHFLOW PROPERTY(Although the property is newly licensed and just began operating as a short-term rental, comparable data suggests gross short term rental revenue could be up to $225,000 yearly.

Last Agent to Sell the Property

Jonathan Hoff

EXP Realty LLC License #74093 Listed on: 03/19/2023

EXP Realty LLC

Last Buyer's Agent

Jonathan Holt

Keller Williams Realty Charleston West Ashley License #46092

Keller Williams Realty Charleston West Ashley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,436

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Duplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 4 Bedrooms
  • 1,344 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Built-In Electric Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • 2 Units
  • Cannonborough Elliotborough Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,436

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1900
  • Lot Size Acres: 0.04
  • Inclusions: All Furniture
  • Subdivision Name: Cannonborough-Elliotborough
  • Directions: Located On Cannon Between Coming Street And St. Phillips St.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Built-In Electric Oven, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer/Dryer Stacked
  • Total Bedrooms: 4
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Metal
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car, Other
  • Total Parking Spaces: 1

Utilities

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

Schools

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

Lot Info

  • Lot Size Sq Ft: 1742.4

Tax Info

  • Tax Map Number: 4601201057

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2023
Sold by
Guimaraes Marcelo and Edwards Britton
Bought by
Bcm Rentals Llc
Current Estimated Value
$1,856,713

Purchase Details

Closed on
Nov 2, 2021
Sold by
John Dingle
Bought by
Coastal Edition Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$916,845
Interest Rate
3.01%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 10, 2002
Sold by
Dingle Sally S and Dingle Sally
Bought by
Dingle John
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
Bcm Rentals Llc -- None Listed On Document
Coastal Edition Llc $850,000 None Listed On Document
Dingle John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coastal Edition Llc $940,800
Previous Owner Coastal Edition Llc $916,845
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2023 06/12/23 Sold $1,600,000 -8.6% $1,190 / Sq Ft
03/28/2023 03/28/23 Price Changed $1,750,000 -5.4% $1,302 / Sq Ft
03/19/2023 03/19/23 For Sale $1,849,000 -- $1,376 / 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 $27,436 $96,000 $0 $0
2023 $27,436 $51,000 $0 $0
2022 $13,607 $51,000 $0 $0
2021 $4,557 $16,940 $0 $0
2020 $4,525 $16,940 $0 $0
2019 $4,141 $14,730 $0 $0
2017 $3,959 $14,730 $0 $0
2016 $3,833 $14,730 $0 $0
2015 $3,662 $14,730 $0 $0
2014 $3,160 $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: 23006050

CHS Regional MLS

APN: 460-12-01-057