$1,375,000
SOLD JUL 8, 2024
6 Beds
-- Bath
2,438 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$564 Per Sq Ft

5% Below List Price

42 Days on Market

Highlights

  • Tennis Courts
  • No Heating
  • 2-minute walk to McMahon Playground
  • Park

About This Home

As of July 2024

Historic Downtown Duplex: Opportunity for an Investor or Live-in Owner!Location, Location, Location! This classic Charleston single boasts two spacious units (3 beds, 2 baths each) in the heart of vibrant downtown. Just steps from Hampton Park, neighborhood favorites Park & Grove, Herd Provisions, Moes Crosstown and (soon to be across the street) SightSee Coffee Shop! This income producing property offers the perfect blend of historic charm and modern convenience.Ideal for the Savvy Investor: Enjoy healthy rental income from two fully renovated units. Each unit features gleaming, restored wide-plank oak hardwood floors, high ceilings, and private porches. Modern kitchens and baths provide a touch of luxury for your tenants.Use for long term rentals, medium term furnished or convert the downstairs to office (RO Zoned). The options are endless...

Live-in Owner's Dream: Occupy one unit and rent out the other to offset your expenses, take advantage of Charleston's booming short-term rental market. The downstairs unit could even be converted
Unbeatable Downtown Living: Walk to explore Hampton Park, The Citadel, or the countless shops and restaurants lining the streets. This prime location offers everything you need at your doorstep.

Bonus: Off-street parking is a rare features in downtown Charleston, providing additional convenience for you or your tenants.

Please see attached disclosures, proformas for more information.

Last Agent to Sell the Property

Gentry Radwanski

Compass Carolinas, LLC License #86738 Listed on: 04/09/2024

Compass Carolinas, LLC

Last Buyer's Agent

Crissy Rowell

William Means Real Estate, LLC License #85728

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,204

Year Built

  • Built in 1938

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 6 Bedrooms
  • 2,438 Sq Ft Home
  • Crawl Space

Schools

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

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Recreation

  • Tennis Courts
  • Park
  • Dog Park

Additional Features

  • Hampton Park Subdivision
  • Gross Income $108,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,204

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1938
  • Lot Size Acres: 0.07
  • Subdivision Name: Hampton Park
  • Directions: Head South On Rutledge Ave. Property Will Be On The Left. Park In Drive Or Street Parking
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Duplex
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6

Exterior Features

  • Roof: Metal
  • Foundation Details: Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

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

Utilities

  • Cooling Y N: No
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Dog Park, Park, Tennis Court(s)

Schools

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

Lot Info

  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4631504097

Multi Family

  • Annual Gross Income: 108000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Jun 28, 2024
Sold by
Kuhlman Kevin A and Kuhlman Don Jacqueline
Bought by
Dennin Bart E and Dennin Patricia M
Seller's Agent
Gentry Radwanski
Compass Carolinas, LLC
Buyer's Agent
Crissy Rowell
William Means Real Estate, LLC
List Price
$1,449,900
Sold Price
$1,375,000
Premium/Discount to List
-$74,900
-5.17%
Total Days on Market
42
Views
61
Current Estimated Value
$1,508,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,377
Avg. Annual Appreciation
8.42%
Original Mortgage
$775,000
Outstanding Balance
$768,516
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$740,499

Purchase Details

Closed on
Jun 21, 2022
Sold by
704 Rutledge Llc
Bought by
Kuhlman Kevin A and Kuhlman Don Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2020
Closed on
Jan 18, 2021
Sold by
Contini Amerigo and Francis Richard
Bought by
704 Rutledge Llc
Seller's Agent
Bryan Weatherford
The Boulevard Company
Buyer's Agent
Grace Harrison
Dunes Properties of Chas Inc
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.14%
Original Mortgage
$472,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2020
Closed on
Dec 1, 2020
Sold by
Rutledge & Cleveland Llc
Bought by
Contini Amerigo and Francis Richard
Seller's Agent
Bryan Weatherford
The Boulevard Company
Buyer's Agent
Grace Harrison
Dunes Properties of Chas Inc
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2006
Sold by
Stavrinakis Michael E and Hutson Robert O
Bought by
Rutledge & Cleveland Llc

Purchase Details

Closed on
Feb 17, 2006
Sold by
Crevar Blaine M
Bought by
Stavrinakis Michael E and Hutson Robert O

Purchase Details

Closed on
Jan 8, 2002
Sold by
Three Amigos Partnership
Bought by
Crevar Blaine M

Purchase Details

Closed on
Sep 23, 1999
Sold by
Clekis Nicholas J
Bought by
Three Amigos Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,227
Interest Rate
7.79%
Mortgage Type
Unknown
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,375,000 None Listed On Document
Deed $1,175,000 --
Interfamily Deed Transfer -- None Available
Deed $630,000 None Available
Deed -- None Available
Deed $337,500 None Available
Deed $150,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $775,000 New Conventional
Previous Owner $855,000 New Conventional
Previous Owner $667,500 New Conventional
Previous Owner $472,500 New Conventional
Previous Owner $125,000 Credit Line Revolving
Previous Owner $152,227 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $1,375,000 -1.8% $564 / Sq Ft
05/16/2024 05/16/24 Price Changed $1,399,900 -3.4% $574 / Sq Ft
04/10/2024 04/10/24 For Sale $1,449,900 +130.1% $595 / Sq Ft
12/01/2020 12/01/20 Sold $630,000 0.0% $242 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
09/15/2020 09/15/20 For Sale $630,000 -- $242 / 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
2024 $15,204 $52,870 $0 $0
2023 $15,204 $52,870 $0 $0
2022 $10,122 $37,800 $0 $0
2021 $9,997 $37,800 $0 $0
2020 $4,217 $15,750 $0 $0
2019 $3,858 $13,690 $0 $0
2017 $3,689 $13,690 $0 $0
2016 $3,572 $13,690 $0 $0
2015 $3,483 $13,690 $0 $0
2014 $2,948 $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: 24008784

CHS Regional MLS

APN: 463-15-04-097