NOT LISTED FOR SALE
-- Bed
6 Baths
3,450 Sq Ft
4,356 Sq Ft Lot

Last Sold June 21, 2024

Last sale price $1,850,000 $536 Per Sq Ft

4 Days on Market

Highlights

  • Central Air
  • Heat Pump System
  • 2-minute walk to Shiloh Park
  • Wood Siding

About This Home

As of June 2024

Excellent investment opportunity in legal STR district! Large duplex located in the heart of Charleston's highly sought-after Cannonborough Neighborhood, in the short term rental (STR) overlay district, 62 1/2 Cannon Street offers a perfect opportunity for investors or homeowners seeking an income producing property. Situated within walking distance of King Street shopping, neighborhood coffee shops, bars and restaurants, this 1880's multi-family home is ideal for enjoying the best that Charleston has to offer. In 2015, the home underwent a complete renovation with a legally permitted 1100 square foot addition bringing the total to 3450 square feet. It contains six bedrooms, six full bathrooms, four full gas range kitchens with full size refrigerators, and 3 washer/dryer hookups.Custom cabinetry and decorative elements are crafted from salvage material from the renovation, making for a one-of-a-kind look throughout all parts of the building.
The front part is the larger historic section of the house featuring exposed brick chimneys, high ceilings and original heart pine floors. On the lower level you can enjoy a wide front porch facing the street with a view of the famous Sugar Bakeshop. From under the painted transom window and original front door with original doorbell hardware you will find a washer/dryer space, a huge front bedroom to one side and an expansive open-plan kitchen and living room.
Two bathrooms with unique hand-picked marble and old-growth lumber complete the aesthetic. Upstairs features the same attention to detail. All hardware is either painstakingly restored or carefully replaced with period reproductions. Beautiful modern bathrooms will offer a comfortable a luxurious experience, while new appliances will make cooking and cleaning enjoyable.
As with downstairs, there is a substantial one-bedroom apartment and this one includes an artistically preserved claw-foot tub from the original house that acts as a shower and bath. The back porch is ideal for a hammock, and with the wraparound balcony, the front porch is ideal for a relaxing evening in a secluded private space.
One of the gems of this house is the third-story sunroom and full floor size roof deck in the 2015 addition, singular among houses of this area. This versatile space can be used for entertaining, everyday coffee or sunbathing.
The lot has the ability to accommodate three rows of two cars for a total of six off-street parking spaces, which is almost unheard of in this neighborhood.

Last Agent to Sell the Property

Hayden Jennings

Hayden Jennings Properties License #56387 Listed on: 05/16/2024

Last Buyer's Agent

Jonathan Holt

Keller Williams Realty Charleston West Ashley License #46092

Keller Williams Realty Charleston West Ashley

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3,450 Sq Ft Home
  • Crawl Space

Schools

  • Mitchell Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Cannonborough Elliotborough Subdivision

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1885
  • Lot Size Acres: 0.1
  • Subdivision Name: Cannonborough-Elliotborough
  • Directions: King St To Cannon St Home On Right
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Duplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roof: Asphalt
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Other (Use Remarks)

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: Mitchell
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 4356
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4600803037

Multi Family

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

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $1,850,000 0.0% $536 / Sq Ft
06/21/2024 06/21/24 Sold $1,850,000 -22.6% $536 / Sq Ft
05/16/2024 05/16/24 Price Changed $2,390,000 -90.0% $693 / Sq Ft
05/16/2024 05/16/24 For Sale $23,900,000 +900.0% $6,928 / Sq Ft
05/15/2024 05/15/24 For Sale $2,390,000 -- $693 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 24012421

CHS Regional MLS