NOT LISTED FOR SALE

62 Spring St Charleston, SC 29403

Cannonborough-Elliotborough Neighborhood
-- Bed
-- Bath
2,700 Sq Ft
5,227 Sq Ft Lot

Last Sold February 29, 2016

Last sale price $775,000 $287 Per Sq Ft

117 Days on Market

About This Home

As of February 2016

The building consists of a street front commercial space on the ground floor and 5 efficiency apartment. 2 on the 1st floor and 3 on the second floor.(4 one bedrooms and 1 two bedroom) The property has a large back yard space that has the potential for additional development.This property is located in the heart of the Cannonborough-Elliotborough neighborhood. This is a thriving area for new business. Several new businesses have moved on to the street. Spring Street is nearing completion of the streetscape and conversion to two-way traffic is planned for early 2016. The property is just 1 1/2 blocks from King Street and the new Mid-Town development consisting of 2 Hyatt Hotels, retail and office. This is one of Charleston's busiest streets and a rapidly growing commercial corridor.

Last Agent to Sell the Property

Daniel Atwill

Roadstead Real Estate Advisors, LLC License #1898 Listed on: 09/17/2015

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 5,227 Sq Ft Lot

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property

Schools

  • James Simons Elementary School
  • Courtenay Middle School
  • Burke High School

Utilities

  • No Cooling
  • No Heating

Community Details

Overview

  • 6 Units
  • Elliotborough Subdivision

Building Details

  • Operating Expense $15,655
  • Gross Income $59,400
  • Net Operating Income $43,735

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1975
  • Lot Size Acres: 0.12
  • Subdivision Name: Elliotborough
  • Directions: From King St. Turn West On To Spring St. And Cross Over St. Philip St. The Property Will Be On Your Right.
  • New Construction: No
  • Building Stories: 2
  • Structure Type: More than 4
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Schools

  • Elementary School: James Simons
  • High School: Burke
  • Middle Or Junior School: Courtenay

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4600802035

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 59400
  • Property Net Operating Income: 43734.92
  • Annual Operating Expense: 15655.08

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
02/29/2016 02/29/16 Sold $775,000 -16.2% $287 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
09/17/2015 09/17/15 For Sale $925,000 -- $343 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daniel Atwill

    Seller's Agent in 2016

    Daniel Atwill

    Roadstead Real Estate Advisors, LLC

    (843) 364-8878

    9 Total Sales

    Daniel Atwill
    Section Image

  • N

    Buyer's Agent in 2016

    Non Member

    NON MEMBER

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Map

Source: CHS Regional MLS

MLS Number: 15024553

CHS Regional MLS
South Carolina Charleston County Charleston 29403 Cannonborough-Elliotborough

62 Spring St, Charleston, SC

This home is located at 62 Spring St, Charleston, SC 29403 since 17 September 2015. This property was built in 1975. 62 Spring St is a home located in Charleston County with nearby schools including Mitchell Elementary School, James Simons Elementary School, and Simmons Pinckney Middle.

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.

CHS Regional MLS 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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