M
Seller's Agent in 2019
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
(843) 345-9137
61 Total Sales
3 Formosa Dr Charleston, SC 29407
Estimated Value: $1,554,000 - $1,983,000
4
Beds
3
Baths
3,000
Sq Ft
$587/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Wood Flooring
- Cooling Available
- St. Andrews School Of Math And Science Rated A
- Eat-In Kitchen
- Entrance Foyer
About This Home
As of February 2019New to market!! Great opportunity to own a traditional brick 1940's 2 story home on large .55 acre lot in the very desirable family neighborhood of Wappoo Heights in West Ashley. Lined with a beautiful row of mature oak trees and located only 5 minutes from downtown Charleston, the current owners have lived in this home since 1994.This 4 bedroom, 3 bathroom house provides a traditional floor plan with foyer, formal dining, formal living, family room and kitchen on the first floor. There is also a guest room with an en suite bathroom on the first floor. The second floor provides the master bedroom and bathroom along with 2 guest rooms which share a hallway bathroom. Hardwood floors can be found throughout.There is a large garage located next to the kitchen and a lovely rear yard with roomfor a pool. This home is perfect for a family who have kids in school in Charleston or someone who would like to live in close proximity to downtown Charleston and desires a yard and outdoor space. Price reflects the need to update the kitchen and bathrooms to ones liking. No flood insurance is required!
Last Agent to Sell the Property
Daniel Ravenel Sotheby's International Realty License #25247 Listed on: 08/14/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,237
Year Built
- Built in 1940
Lot Details
- 0.55 Acre Lot
- Partially Fenced Property
Parking
- 2 Car Garage
Home Design
- Traditional Architecture
- Brick Foundation
- Architectural Shingle Roof
Interior Spaces
- 3,000 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- Ceiling Fan
- Stubbed Gas Line For Fireplace
- Entrance Foyer
- Family Room
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Schools
- St. Andrews Elementary School
- West Ashley Middle School
- West Ashley High School
Utilities
- Cooling Available
- Heating Available
Community Details
- Wappoo Heights Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2018
Closed on
Feb 26, 2019
Sold by
Rutledge Leslie D and Rutledge Donald
Bought by
Kinder Allison Fleischer
Seller's Agent
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
Buyer's Agent
Will Freeman
Beach Residential
List Price
$828,000
Sold Price
$828,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$934,312
Avg. Annual Appreciation
11.14%
Original Mortgage
$662,400
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 23, 2015
Sold by
Rutledge Leslie D
Bought by
Rutledge Donald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kinder Allison Fleischer | $828,000 | None Available | |
| Rutledge Donald | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kinder Allison Fleischer | $658,000 | |
| Closed | Kinder Allison Fleischer | $662,400 | |
| Previous Owner | Rutledge Donald | $425,000 | |
| Previous Owner | Rutledge Leslie D | $311,353 | |
| Previous Owner | Rutledge Donald T | $324,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/27/2019 02/27/19 | Sold | $828,000 | 0.0% | $276 / Sq Ft |
| 01/28/2019 01/28/19 | Pending | -- | -- | -- |
| 08/14/2018 08/14/18 | For Sale | $828,000 | -- | $276 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $4,237 | $33,120 | $0 | $0 |
| 2023 | $4,237 | $33,120 | $0 | $0 |
| 2022 | $3,979 | $33,120 | $0 | $0 |
| 2021 | $4,178 | $33,120 | $0 | $0 |
| 2020 | $4,335 | $33,120 | $0 | $0 |
| 2019 | $2,966 | $22,030 | $0 | $0 |
| 2017 | $2,862 | $22,030 | $0 | $0 |
| 2016 | $8,382 | $22,030 | $0 | $0 |
| 2015 | $2,834 | $22,030 | $0 | $0 |
| 2014 | $2,450 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Middleton Rutledge
-
Will Freeman
Buyer's Agent in 2019
Will Freeman
Beach Residential
(843) 270-5454
104 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 18022901
APN: 421-13-00-016
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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. © 2025 Charleston Trident MLS. All Rights Reserved
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