NOT LISTED FOR SALE

Estimated Value: $1,591,000 - $1,966,000

-- Bed
-- Bath
2,844 Sq Ft
$596/Sq Ft Est. Value

Last Sold December 28, 2022

Last sale price $1,300,000 $457 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $10,674/month

20 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Property is near a bus stop
  • Wood Siding
  • 1-minute walk to Tiedemann Park and Nature Center

About This Home

As of December 2022

Incredible opportunity to own two cash flowing properties just steps away from CofC & MUSC, and also walkable to Charleston's world-class dining and shopping. Gross rent for all three units totals $100,800. Unit A (1br/1ba) rents for $1,900/mo (lease expires 3/31/23). Unit B (1br/1ba) rents for $2,100/mo (lease expires 12/15/22). Unit C (5br/4ba) rents for $4,400/mo (expires on 7/31/23). No history of vacancy. Both A & B have separate laundry areas. New washer/dryer in Unit C. There have been recent interior updates to both units, and the entire exterior of both buildings has also been freshly painted. Front structure is 1664sf & rear structure is 1218sf. PARKING: All 3 units can receive 2 on street residential parking stickers from the City of Charleston. Tenants Rights

Last Agent to Sell the Property

Trey Morrison

The Exchange Company, LLC License #83955 Listed on: 09/14/2022

Last Buyer's Agent

Angela Dyer

EXP Realty LLC License #100019

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,904

Year Built

  • Built in 1930

Lot Details

  • 2,614

Home Design

  • Triplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,844 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • James Simons Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • 2,614 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 3 Units
  • Wraggborough Subdivision

Building Details

  • Operating Expense $34,290
  • Gross Income $100,800
  • Net Operating Income $66,510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,904

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1930
  • Lot Size Acres: 0.06
  • Subdivision Name: Wraggborough
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Bus Line

Schools

  • Elementary School: James Simons
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4591301065

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 100800
  • Property Net Operating Income: 66510
  • Annual Operating Expense: 34290

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2022
Sold by
Bulgin Lee Ann
Bought by
Engdahl Christopher and Engdahl Melissa
Total Days on Market
20
Current Estimated Value
$1,695,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2021
Sold by
Shuler Jr Michael B
Bought by
Bulgin Lee Ann and Bulgin Ed

Purchase Details

Closed on
Feb 8, 2013
Sold by
Smith John Aram
Bought by
Shuler Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,472
Interest Rate
3.35%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 2008
Sold by
Stith Mclean J
Bought by
Stith John Aram

Purchase Details

Closed on
Jan 23, 2001
Sold by
Jaskwhich Michael F
Bought by
Stith John Aram and Stith Mclean J
Source: Public Records

Range of Values:

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Average Value
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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
Engdahl Christopher $1,300,000 --
Bulgin Lee Ann $1,200,000 None Listed On Document
Shuler Michael B $380,000 --
Stith John Aram -- --
Stith John Aram -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engdahl Christopher $1,316,065
Previous Owner Engdahl Christopher $1,300,000
Previous Owner Shuler Michael B $598,500
Previous Owner Shuler Michael B $527,472
Previous Owner Stith John Aram $242,339
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $1,300,000 -6.8% $457 / Sq Ft
09/14/2022 09/14/22 For Sale $1,395,000 -- $491 / 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 $13,904 $63,700 $0 $0
2022 $19,223 $72,000 $0 $0
2021 $9,566 $35,880 $0 $0
2020 $9,497 $35,880 $0 $0
2019 $8,684 $31,200 $0 $0
2017 $8,299 $31,200 $0 $0
2016 $8,032 $31,200 $0 $0
2015 $7,670 $31,200 $0 $0
2014 $7,565 $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: 22024019

CHS Regional MLS

APN: 459-13-01-065