NOT LISTED FOR SALE

Estimated Value: $65,000 - $418,000

0.32 Acre
$579,328 Price per Acre
13,939 Sq Ft Lot

Last Sold December 09, 2015

Last sale price $45,120

Est. 311% increase in value since last sale

Current estimated payment $1,025/month

17 Days on Market

About This Lot

As of December 2015

Although this property is classified as vacant residential land, it is and has been income producing for many years. Three 2 bedroom 1 bathroom mobile home trailers, including electric, water and sewage connections, along with a storage shed are included in the sale. The longtime renters are month-to-month and love the area with no plans to move. This is a turnkey investment with a potential cap rate of 26.9% and a potential ROI of 3.72 years!!! Monthly rental income for all three trailers is currently $1,135 and annual property tax is $174.82 equaling $13,445.18 in yearly income!!!Take advantage of this unusual grandfathered zoning and start making rental property income!Personal property is sold as-is with no guarantee or warranty. Zero financial guarantees givenor implied

Last Agent to Sell the Property

Myles Mclaughlin

Handsome Properties, Inc. License #92903 Listed on: 11/09/2015

Last Buyer's Agent

Todd Olds

Flat Rate Real Estate License #65454

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $175

Lot Details

  • 0.32 Acre Lot
  • Finished Lot(s)

Schools

  • North Charleston Elementary School
  • Brentwood Middle School
  • North Charleston High School

Mobile Home

Community Details

  • Ferndale Subdivision
  • Income includes ["improvement"]

Property Details

Property Type

Land

Est. Annual Taxes

$175

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.32
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Ferndale
  • Directions: Head Northwest On I-26 W, Take Exit 213 For Montague Avenue, Turn Right Onto E Montague Ave/state Rd S-10-62 And Turn Left Onto Piedmont Ave.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Other Structures: Mobile Home

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: Yes
  • Sewer: Sewer At Site
  • Utilities: Electricity Connected, Water Connected

Schools

  • Elementary School: North Charleston
  • High School: North Charleston
  • Middle Or Junior School: Brentwood

Lot Info

  • Development Status: Finished Lot(s)
  • Lot Size Sq Ft: 13939.2
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4721600142
  • Tax Annual Amount: 174.82

Multi Family

  • Income Includes: ["Improvement"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2016
Sold by
Tocorp Llc
Bought by
Niagara Properties Llc
Current Estimated Value
$185,385

Purchase Details

Listed on
Nov 9, 2015
Closed on
Dec 9, 2015
Sold by
Beach Girl Invesments Llc
Bought by
Tocorp Llc
Seller's Agent
Myles Mclaughlin
Handsome Properties, Inc.
Buyer's Agent
Todd Olds
Flat Rate Real Estate
List Price
$45,120
Sold Price
$45,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Original Mortgage
$48,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2014
Sold by
Ingerson Philip E
Bought by
Beach Girl Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
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
Niagara Properties Llc $60,000 --
Tocorp Llc $45,120 --
Beach Girl Investments Llc $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tocorp Llc $48,000
Previous Owner Beach Girl Investments Llc $34,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2015 12/09/15 Sold $45,120 0.0% --
11/09/2015 11/09/15 Pending -- -- --
11/08/2015 11/08/15 For Sale $45,120 -- --
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 $273 $690 $0 $0
2023 $273 $690 $0 $0
2022 $263 $690 $0 $0
2021 $261 $690 $0 $0
2020 $260 $690 $0 $0
2019 $241 $600 $0 $0
2017 $198 $600 $0 $0
2016 $193 $600 $0 $0
2015 $188 $600 $0 $0
2014 $175 $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: 15028422

CHS Regional MLS

APN: 472-16-00-142