NOT LISTED FOR SALE

Estimated Value: $477,000 - $562,000

1 Bed
1 Bath
481 Sq Ft
$1,088/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $485,000 $1,008 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,429/month

5 Days on Market

Highlights

  • 0.5 Acre Lot
  • High Ceiling
  • Walk-In Closet
  • Wood Flooring
  • Elevator
  • 4-minute walk to Lawrimore Park

About This Home

As of November 2022

Welcome home to Residence 16 at Market's Gate, located at 85 Cumberland Street. Market's Gate offers a collection of unique and some of the best pied-a-terres in Charleston's historic French Quarter.Residence 16 is on the market for the first time since the original owners purchased the unit in 2009. The unit is in mint condition and will be sold fully furnished. That will create an ultimate lifestyle for even the most discriminating buyer.The building offers a secured entry, a grand-entrance hallway with a massive chandelier and an elevator that is reminiscent of 1940s Paris.Residence 16, located on the second floor, offers 11-foot ceilings, heavy moldings, exposed brick, heart-pine floors and a gourmet kitchen that make this an incredible living experience.The kitchen features custom-made cabinets, granite countertops and high-end appliances, including Sub-Zero and Jenn-Air. The sellers will provide a home-owners warranty offered by American Home Shield.
Market's Gate, at 85 Cumberland Street, gives you the opportunity to walk, bike or take a carriage ride to many of the nearby events and venues that have made Charleston the No. 1 city in the United State for 10 consecutive years by the readers of Travel + Leisure Magazine.

Last Agent to Sell the Property

Philip Bowman

Coldwell Banker Realty License #85954 Listed on: 10/19/2022

Coldwell Banker Realty

Last Buyer's Agent

Donna Andreano

AgentOwned Realty Preferred Group License #85966

AgentOwned Realty Preferred Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,338

Year Built

  • Built in 1890

Lot Details

  • 0.5 Acre Lot
  • Elevated Lot

Home Design

  • Brick Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 481 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Crawl Space
  • Fire Sprinkler System
  • Stacked Washer and Dryer

Kitchen

  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Garden Bath

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • French Quarter Subdivision
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,338

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1890
  • Property Sub Type: Single Family Attached
  • Lot Size Acres: 0.5
  • Ownership: Condominium
  • Subdivision Name: French Quarter
  • Directions: From Meeting Turn On To Cumberland Street. Market's Gate Is On The Right And Is Next To The Trott House And The Powder Magazine. Market's Gate Is Located Between Meeting And Church Streets.
  • Unit Levels: Multi-Story
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condo Regime, Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer/Dryer Stacked
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Living/Dining Combo
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Garden Tub/Shower, Walk-In Closet(s)

Exterior Features

  • Lot Features: .5 - 1 Acre, High
  • Construction Type: Brick, Stucco, Wood Siding
  • Foundation Details: Crawl Space
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Cooling: Central Air
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Bus Line, Elevators

Schools

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

Lot Info

  • Lot Size Sq Ft: 21780
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 24

Tax Info

  • Tax Annual Amount: 3338

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2009
Sold by
Markets Gate Inc
Bought by
Westerkam W Daniel and Westerkam Amanda M
Current Estimated Value
$523,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,148
Interest Rate
4.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Westerkam W Daniel $381,275 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Westerkam W Daniel $343,148
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2022 11/15/22 Sold $485,000 -8.3% $1,008 / Sq Ft
10/19/2022 10/19/22 For Sale $529,000 -- $1,100 / 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 $8,148 $29,100 $0 $0
2023 $8,403 $29,100 $0 $0
2022 $3,379 $12,420 $0 $0
2021 $3,338 $12,420 $0 $0
2020 $3,314 $12,420 $0 $0
2019 $3,032 $10,800 $0 $0
2017 $2,899 $10,800 $0 $0
2016 $2,807 $10,800 $0 $0
2015 $4,329 $10,800 $0 $0
2014 $5,191 $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: 22026764

CHS Regional MLS

APN: 458-09-01-336