$1,065,000
SOLD JUL 25, 2017

707 Meeting St Unit B & C Charleston, SC 29403

East Central Neighborhood
8 Beds
-- Bath
3,204 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$332 Per Sq Ft

41% Below List Price

108 Days on Market

Highlights

  • Newly Remodeled
  • Property is near a bus stop
  • Heating Available
  • Cooling Available
  • Ceiling Fan

About This Home

As of August 2021

New Luxury Duplex Downtown. This Duplex comes with plenty of parking and ingress/egress to both Meeting Street and Romney Street. Located in the North Central part of Neighborhood, one of the hottest neighborhoods in Downtown Charleston. This location is close to many large technology companies as well as world renowned restaurants. Don' t miss this rare opportunity to own 2 new luxury units in Downtown Charleston. Each unit comes with 4 bedroom and 3.5 baths with a total living area of 3204SqFt. Gross income $108,000 yearly.Unit B is now Leased at $4,500 per Month

Last Agent to Sell the Property

Jason Pee

Charleston GPS, LLC License #45594 Listed on: 02/20/2017

Last Buyer's Agent

Michele Moriarty

The Boulevard Company License #64512

The Boulevard Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,036

Year Built

  • Built in 2017 | Newly Remodeled

Parking

  • Open Parking

Home Design

  • Triplex
  • Architectural Shingle Roof

Interior Spaces

  • 8 Bedrooms
  • 3,204 Sq Ft Home
  • 3-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
  • Heating Available

Additional Features

  • 3,049 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 2 Units
  • North Central Subdivision

Building Details

  • Operating Expense $27,000
  • Gross Income $108,000
  • Net Operating Income $81,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,036

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2017
  • Lot Size Acres: 0.07
  • Inclusions: No Furniture
  • Subdivision Name: North Central
  • Directions: From I26 Take Meeting Street Exit And Turn Left. Property In On The Left Just Past Romney Street.
  • Garage Yn: No
  • New Construction: Yes
  • Building Stories: 3
  • Structure Type: Triplex
  • Special Features: 4098
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Total Bedrooms: 8
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Architectural
  • Foundation Details: Crawl Space
  • Property Condition: New Construction

Garage/Parking

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

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Carolina Water Service, SCE & G
  • 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: 3049.2
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4631202053

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 108000
  • Property Net Operating Income: 81000
  • Annual Operating Expense: 27000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2017
Current Estimated Value
$1,163,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$456,268
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$753,826

Purchase Details

Closed on
Sep 22, 2016
Sold by
Preservation Property Company Llc
Bought by
Preservation Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,336,110
Interest Rate
3.45%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 27, 2015
Sold by
Jjr Development Llc
Bought by
Preservation Property Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2015
Sold by
Schupbach Faye B and Shealey Marcia B
Bought by
Jjr Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2008
Sold by
Shealy Marcia B
Bought by
Schupbach Faye B and Shealey Marcia B
Source: Public Records

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Range of Values:

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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 $675,000 None Available
Deed -- --
Deed $325,000 --
Warranty Deed $140,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,000 New Conventional
Previous Owner $1,336,110 Construction
Previous Owner $105,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $980,000 0.0% $306 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $980,000 -8.0% $306 / Sq Ft
07/25/2017 07/25/17 Sold $1,065,000 -40.7% $332 / Sq Ft
06/09/2017 06/09/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $1,795,000 -- $560 / 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 $12,036 $41,910 $0 $0
2022 $11,166 $41,910 $0 $0
2021 $11,028 $41,910 $0 $0
2020 $10,947 $41,910 $0 $0
2019 $11,099 $40,500 $0 $0
2017 $2,624 $10,120 $0 $0
2016 $2,537 $10,120 $0 $0
2015 $1,057 $4,420 $0 $0
2014 $905 $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: 17004740

CHS Regional MLS

APN: 463-12-02-053