$1,300,000
SOLD SEP 4, 2024
4 Beds
2 Baths
1,525 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$852 Per Sq Ft

24% Below List Price

132 Days on Market

Highlights

  • Charleston Architecture
  • 3 Fireplaces
  • Eat-In Kitchen
  • Wood Flooring
  • Balcony
  • 5-minute walk to DeReef Park

About This Home

As of September 2024

Value add opportunity in desirable Cannonborough-Elliottborough district, 29 Cannon Street is a historic Charleston single house zoned limited business brimming with architectural character. PLANS ATTACHED TO CONVERT PROPERTY INTO 4 BED/4 BATH This Charleston single home was built in the late 19th century and retains loads of original features, including heart pine floors, its original interior layout, and three fireplaces constructed of locally made historic brick and featuring original Victorian mantelpieces. This quintessential Charleston house has two stories of west facing, shay piazzas to catch the breezes and provide a perfect place to sip wine with friends and watch the sunset. The 1525 square foot residence has four large bedrooms with generous closets, two bathrooms, abright spacious kitchen, and a large cozy living room with a
fireplace. The interior has been updated and the kitchens and bathrooms have new fixtures and crisp white tile floors.

29 Cannon is a folk Victorian house with a full return front cornice, bracketed eaves and piazza cornices, and a charming piazza entry door with Italianate corbel brackets and a transom window. The house has a long-lasting standing seam metal roof, weatherboard wood siding, and two-over-two traditional wood sash windows. The first-floor windows along the piazza are fitted with operable panel shutters. The house has been lovingly maintained and the exterior was recently painted. There is a side driveway with coveted off street parking for up to three cars, with historic brick and permeable stone paving. The small rear yard is perfect for entertaining or having morning coffee.


This property is unique due to the fact it is an operating STR business as well as a value add opportunity with some updates in layout renovations.
Cannonborough-Elliotborough is a designated area brimming with character and a diverse mix of businesses, restaurants, and residences, making it ideal for use as a family home or an investment property. It is also close to the medical district, providing a steady stream of young professionals. The property lies between St. Philip and Coming Street, about a block from upper King Street and its top-rated restaurants and nightlife, but also on the edge of a historic residential neighborhood, offering the best of both worlds.

Last Agent to Sell the Property

Tift Mitchell

Tift Properties License #77945 Listed on: 04/12/2024

Last Buyer's Agent

Michael Anthony

The Boulevard Company License #66456

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,989

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot
  • Privacy Fence
  • Wood Fence

Parking

  • Off-Street Parking

Home Design

  • Charleston Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,525 Sq Ft Home
  • 2-Story Property
  • 3 Fireplaces
  • Entrance Foyer
  • Wood Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Cannonborough Elliotborough Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,989

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Charleston Single
  • Year Built: 1890
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.04
  • Subdivision Name: Cannonborough-Elliotborough
  • Directions: King To Cannon
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Three
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Walk-In Closet(s), Eat-in Kitchen, Entrance Foyer
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Metal
  • Fencing: Privacy, Fence - Wooden Enclosed
  • Construction Type: Wood Siding
  • Exterior Features: Balcony
  • Foundation Details: Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • 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: Courtenay

Lot Info

  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4601201056

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Aug 29, 2024
Sold by
Kings Of Cannon Llc
Bought by
Nsco Cabernet Sauvignon Llc
Seller's Agent
Tift Mitchell
Tift Properties
Buyer's Agent
Michael Anthony
The Boulevard Company
List Price
$1,700,000
Sold Price
$1,300,000
Premium/Discount to List
-$400,000
-23.53%
Total Days on Market
132
Views
45
Current Estimated Value
$1,372,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,933
Avg. Annual Appreciation
7.66%

Purchase Details

Closed on
Nov 6, 2020
Sold by
Hackett Harry and Hackett Lesley
Bought by
Kings Of Cannon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2006
Sold by
Thrash Katherine I and Marion Robert F
Bought by
Hackett Harry and Hackett Lesley

Purchase Details

Closed on
Mar 30, 2005
Sold by
Oliver Jerald G and Oliver Carla M
Bought by
Marion Robert F
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,300,000 None Listed On Document
Deed $637,500 None Available
Deed $430,000 None Available
Quit Claim Deed -- None Available
Deed $295,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $510,000 New Conventional
Previous Owner $227,000 Credit Line Revolving
Previous Owner $304,200 New Conventional
Previous Owner $345,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2024 09/04/24 Sold $1,300,000 -5.5% $852 / Sq Ft
08/13/2024 08/13/24 Price Changed $1,375,000 -4.8% $902 / Sq Ft
08/12/2024 08/12/24 Price Changed $1,445,000 -0.5% $948 / Sq Ft
08/10/2024 08/10/24 Price Changed $1,452,000 -0.3% $952 / Sq Ft
08/09/2024 08/09/24 Price Changed $1,457,000 -0.5% $955 / Sq Ft
08/08/2024 08/08/24 Price Changed $1,465,000 -0.7% $961 / Sq Ft
08/03/2024 08/03/24 Price Changed $1,475,000 -1.0% $967 / Sq Ft
08/01/2024 08/01/24 Price Changed $1,490,000 -0.3% $977 / Sq Ft
07/31/2024 07/31/24 Price Changed $1,495,000 -0.1% $980 / Sq Ft
07/29/2024 07/29/24 Price Changed $1,496,000 -0.1% $981 / Sq Ft
07/28/2024 07/28/24 Price Changed $1,497,000 -0.1% $982 / Sq Ft
07/27/2024 07/27/24 Price Changed $1,498,000 -0.1% $982 / Sq Ft
07/26/2024 07/26/24 Price Changed $1,499,000 -0.4% $983 / Sq Ft
07/25/2024 07/25/24 Price Changed $1,505,000 -0.3% $987 / Sq Ft
07/24/2024 07/24/24 Price Changed $1,510,000 -0.3% $990 / Sq Ft
07/22/2024 07/22/24 Price Changed $1,515,000 -0.3% $993 / Sq Ft
07/17/2024 07/17/24 Price Changed $1,520,000 -0.3% $997 / Sq Ft
07/15/2024 07/15/24 Price Changed $1,525,000 -3.2% $1,000 / Sq Ft
05/21/2024 05/21/24 Price Changed $1,575,000 -7.4% $1,033 / Sq Ft
04/12/2024 04/12/24 For Sale $1,700,000 -- $1,115 / 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
2023 $10,989 $38,220 $0 $0
2022 $10,192 $38,220 $0 $0
2021 $10,066 $38,220 $0 $0
2020 $5,180 $19,630 $0 $0
2019 $4,738 $17,080 $0 $0
2017 $4,527 $17,080 $0 $0
2016 $4,381 $17,080 $0 $0
2015 $4,183 $17,080 $0 $0
2014 $3,600 $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: 24009178

CHS Regional MLS

APN: 460-12-01-056