NOT LISTED FOR SALE

80 Spring St Charleston, SC 29403

Cannonborough-Elliotborough Neighborhood

Estimated Value: $1,432,000 - $2,171,000

6 Beds
2 Baths
1,937 Sq Ft
$1,004/Sq Ft Est. Value

Last Sold March 04, 2020

Last sale price $1,403,500 $725 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $12,845/month

13 Days on Market

Highlights

  • Furnished
  • Wood Siding
  • Heating Available
  • Cooling Available
  • Stacked Washer and Dryer
  • 4-minute walk to Elliotborough Park and Community Garden

About This Home

As of March 2020

Operating legal STR 6 bedroom/4 bathroom duplex in the heart of the overlay district. This will be a simple pass through sale for any investor looking to take advantage of all of the continued growth along the spine of the Spring Street Corridor. The owners completed a studs out renovation in 2019 so only minimal maintenance and repairs in the upcoming years. In addition, the property will be sold fully furnished with actual profit and loss statements available upon request for qualified buyers. 80 Spring is a well-proportioned wood frame Charleston single house with traditional wood clapboard siding and windows, a standing seam metal roof, and a quintessential two story piazza with a neoclassical railing and columns. The house has a generous drive way accessed by a traditional iron gate, and a large front yard. The spacious yard is an uncommon luxury in Charleston, and gives a clue to the house's early history, when there was a small one story blacksmith shop located where the driveway is today. Additional features include a functional side/backyard that could be used for future expansion with city approvals or a small pool. There is an abundance of new restaurants, shops, and foot traffic within a few hundred feet call agent for additional details.

Last Agent to Sell the Property

Tift Mitchell

Tift Properties License #77945 Listed on: 01/14/2020

Last Buyer's Agent

Claudia Von Asten

Daniel Ravenel Sotheby's International Realty License #111471

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,083

Year Built

  • Built in 1885

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 6 Bedrooms
  • 1,937 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Crawl Space
  • Dishwasher
  • Stacked Washer and Dryer

Schools

  • Memminger Elementary School
  • Courtenay Middle School
  • Burke High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

Overview

  • 2 Units
  • Elliottborough Subdivision

Building Details

  • Operating Expense $70,000
  • Gross Income $175,000
  • Net Operating Income $105,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,083

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1885
  • Lot Size Acres: 0.09
  • Inclusions: All Furniture
  • Subdivision Name: Elliottborough
  • Directions: King Street To Spring Street
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer/Dryer Stacked, Washer
  • Total Bedrooms: 6

Exterior Features

  • Roof: Metal
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Schools

  • Elementary School: Memminger
  • High School: Burke
  • Middle Or Junior School: Courtenay

Lot Info

  • Lot Size Sq Ft: 3920.399999
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 460-08-03-175

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 175000
  • Property Net Operating Income: 105000
  • Annual Operating Expense: 70000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2022
Sold by
Rmg Rentals Llc
Bought by
Guimaraes Marcelo S and Guimaraes Rossana
Current Estimated Value
$1,945,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$887,265
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,058,286

Purchase Details

Listed on
Jan 14, 2020
Closed on
Apr 29, 2020
Sold by
Guimaraes Marcelo S and Guimaraes Rossana
Bought by
Rmg Rentals Llc
Seller's Agent
Tift Mitchell
Tift Properties
Buyer's Agent
Claudia Von Asten
Daniel Ravenel Sotheby's International Realty
List Price
$1,475,000
Sold Price
$1,403,500
Premium/Discount to List
-$71,500
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%

Purchase Details

Listed on
Jan 14, 2020
Closed on
Feb 27, 2020
Sold by
Grassroots Holdings Iv Llc
Bought by
Guimaraes Marcelo S and Guimaraes Rossana
Seller's Agent
Tift Mitchell
Tift Properties
Buyer's Agent
Claudia Von Asten
Daniel Ravenel Sotheby's International Realty
List Price
$1,475,000
Sold Price
$1,403,500
Premium/Discount to List
-$71,500
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$982,450
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2019
Sold by
Premier Homes Of The Lowcountry Llc
Bought by
Grassroots Holdings Iv Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$881,000
Interest Rate
4.6%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 28, 2017
Sold by
Haynes Edwin Lamar
Bought by
Haynes John D and The John D Hayners Jr Living Trust

Purchase Details

Closed on
Jan 25, 2017
Sold by
Haynes John David
Bought by
Haynes John D and The John D Haynes Jr Living Trust
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Guimaraes Marcelo S -- None Listed On Document
Rmg Rentals Llc -- None Available
Guimaraes Marcelo S $1,403,500 None Available
Grassroots Holdings Iv Llc $810,000 None Available
Premier Homes Of The Lowcountry Llc $725,000 None Available
Haynes John D -- None Available
Haynes John D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guimaraes Marcelo S $950,000
Previous Owner Guimaraes Marcelo S $982,450
Previous Owner Premier Homes Of The Lowcountry Llc $881,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2020 03/04/20 Sold $1,403,500 -4.8% $725 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $1,475,000 -- $761 / 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 $24,083 $84,180 $0 $0
2022 $22,369 $84,180 $0 $0
2021 $22,091 $84,180 $0 $0
2020 $19,012 $72,910 $0 $0
2019 $4,638 $16,560 $0 $0
2017 $4,433 $16,560 $0 $0
2016 $4,292 $16,560 $0 $0
2015 $4,100 $16,560 $0 $0
2014 $3,535 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tift Mitchell

    Tift Properties

    (843) 514-8566

    17 in this area

    73 Total Sales

    Tift Mitchell
    Section Image
  • Claudia Von Asten

    Buyer's Agent in 2020

    Claudia Von Asten

    Daniel Ravenel Sotheby's International Realty

    (843) 793-8143

    33 Total Sales

    Claudia Von Asten
    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 20001195

CHS Regional MLS

APN: 460-08-03-175

South Carolina Charleston County Charleston 29403 Cannonborough-Elliotborough

80 Spring St, Charleston, SC

This home is located at 80 Spring St, Charleston, SC 29403 since 14 January 2020 and is currently estimated at $1,945,551, approximately $1,004 per square foot. This property was built in 1885. 80 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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