Sarah Turocy
Sloane Realty
(843) 588-1790
36 Total Sales
1 in Albemarle Point
$425,000 Price
3 Formosa Dr Charleston, SC 29407
Albemarle Point NeighborhoodEstimated Value: $1,641,239
4
Beds
3
Baths
3,000
Sq Ft
$547/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Eat-In Kitchen
- Entrance Foyer
- Wood Flooring
- Cooling Available
- Ceiling Fan
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
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Home Details
Home Type
- Single Family
Year Built
- Built in 1940
Lot Details
- 23,958 Sq Ft 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2018
Closed on
Feb 26, 2019
Sold by
Bought by
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
$813,239
Avg. Annual Appreciation
9.65%
Original Mortgage
$662,400
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 23, 2015
Sold by
Bought by
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Albemarle Point, SC
-
Sarah Turocy
-
Danielle Nichols
Danielle Nichols
Carolina One Real Estate
(854) 205-3779
100 Total Sales
1 in Albemarle Point
$327,000 Price
-
Chris Facello
Chris Facello
Responds QuicklyCarolina One Real Estate
(864) 385-1496
385 Total Sales
1 in Albemarle Point
$355,000 Price
-
Fernando de la Cruz
Fernando de la Cruz
Carolina One Real Estate
(854) 777-0780
176 Total Sales
2 in Albemarle Point
$650K - $1.5M Price Range
-
John Beall
John Beall
Carroll Realty
(843) 666-8095
30 Total Sales
3 in Albemarle Point
$340K - $491K Price Range
-
Michele Costanzo
Michele Costanzo
EXP Realty LLC
(854) 222-7972
72 Total Sales
1 in Albemarle Point
$735,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $828,000 | None Available | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $658,000 | ||
| Closed | $662,400 | ||
| Previous Owner | $425,000 | ||
| Previous Owner | $311,353 | ||
| Previous Owner | $324,600 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,647 | $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
M
Seller's Agent in 2019
Middleton Rutledge
Daniel Ravenel Sotheby's International Realty
(843) 345-9137
1 in this area
53 Total Sales
-
Will Freeman
Buyer's Agent in 2019
Will Freeman
Beach Residential
(843) 270-5454
92 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 18022901
APN: 421-13-00-016
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.
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
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