$445,000
SOLD NOV 22, 2023

72 Drake St Charleston, SC 29403

East Side Neighborhood
0.12 Acre
$3,708,333 Price per Acre
5,227 Sq Ft Lot

Recently Sold

11% Below List Price

181 Days on Market

About This Lot

As of November 2023

Development opportunity south of the Crosstown in the revitalized Eastside Neighborhood. Close proximity to the Cigar Factory, restaurants, and the Ravenel Bridge Walk. Lot is zoned by size for 3 multi-family units. BAR approval for 2 Single family homes. Permit applied and engineering complete.

Last Agent to Sell the Property

Lindsay Malanos

Carriage Properties LLC License #18362 Listed on: 04/20/2023

Last Buyer's Agent

Nathan Delpino

Harbourtowne Real Estate License #85426

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,048

Lot Details

  • 5,227 Sq Ft Lot

Schools

  • Sanders Clyde Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Property Details

Property Type

Land

Est. Annual Taxes

$1,048

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.12
  • Road Frontage Type: City Street
  • Subdivision Name: None
  • Directions: From Meeting Street, Take A Left On Columbus Street Then A Right On Drake Street. Lot Is On The Left.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Garage/Parking

  • Open Parking: No

Schools

  • Elementary School: Sanders Clyde
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4590604033
  • Tax Annual Amount: 1048

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2025
Sold by
Eastside Group Llc
Bought by
May James and Turner Mallory
Current Estimated Value
$750,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$489,568
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$256,260

Purchase Details

Closed on
Mar 26, 2025
Sold by
Eastside Group Llc
Bought by
Drake Street Properties Llc and Owen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$489,568
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$256,260

Purchase Details

Closed on
Mar 14, 2025
Sold by
Eastside Group Llc
Bought by
72 Drake Street Horizontal Property Regime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$489,568
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$256,260

Purchase Details

Listed on
Apr 20, 2023
Closed on
Nov 21, 2023
Sold by
Drake Street Llc
Bought by
Eastside Group Llc
Seller's Agent
Lindsay Malanos
Carriage Properties LLC
Buyer's Agent
Nathan Delpino
Harbourtowne Real Estate
List Price
$499,000
Sold Price
$445,000
Premium/Discount to List
-$54,000
-10.82%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.74%
Original Mortgage
$1,273,040
Interest Rate
7.29%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 24, 2021
Closed on
Sep 23, 2022
Sold by
Morgan Shirley Smith
Bought by
72 Drake Street Llc
Seller's Agent
James Peden
ChuckTown Homes Powered by Keller Williams
Buyer's Agent
Lindsay Malanos
Carriage Properties LLC
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.22%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $890,000 None Listed On Document
Deed $855,000 None Listed On Document
Deed $855,000 None Listed On Document
Special Master Deed -- None Listed On Document
Special Master Deed -- None Listed On Document
Deed $445,000 None Listed On Document
Quit Claim Deed -- --
Deed $350,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $490,000 New Conventional
Previous Owner $1,273,040 Construction
Previous Owner $447,753 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $445,000 -10.8% --
10/20/2023 10/20/23 For Sale $499,000 +12.1% --
10/19/2023 10/19/23 Off Market $445,000 -- --
08/25/2023 08/25/23 Price Changed $499,000 -5.0% --
06/13/2023 06/13/23 Price Changed $525,000 -12.4% --
04/20/2023 04/20/23 For Sale $599,000 +71.1% --
09/27/2022 09/27/22 Sold $350,000 -6.7% --
03/26/2022 03/26/22 For Sale $375,000 0.0% --
03/26/2022 03/26/22 Pending -- -- --
09/24/2021 09/24/21 For Sale $375,000 -- --
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 $7,572 $21,000 $0 $0
2022 $1,048 $3,970 $0 $0
2021 $1,035 $3,970 $0 $0
2020 $1,027 $3,970 $0 $0
2019 $940 $3,460 $0 $0
2017 $897 $3,460 $0 $0
2016 $868 $3,460 $0 $0
2015 $827 $3,460 $0 $0
2014 $834 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lindsay Malanos

    Carriage Properties LLC

    (843) 343-8866

    2 in this area

    19 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    Nathan Delpino

    Harbourtowne Real Estate

    (843) 200-2721

    5 in this area

    12 Total Sales

    Section Image
  • James Peden

    Seller's Agent in 2022

    James Peden

    ChuckTown Homes Powered by Keller Williams

    (843) 998-5745

    1 in this area

    116 Total Sales

    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 23008696

CHS Regional MLS

APN: 459-06-04-033

South Carolina Charleston County Charleston 29403 East Side

72 Drake St, Charleston, SC

This home is located at 72 Drake St, Charleston, SC 29403 and is currently priced at $445,000. 72 Drake St is a home located in Charleston County with nearby schools including Sanders-Clyde Elementary School, Simmons Pinckney Middle, and Burke High School.

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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