NOT LISTED FOR SALE

Estimated Value: $476,000 - $573,000

1 Bed
1 Bath
484 Sq Ft
$1,085/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $340,000 $702 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,001/month

94 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Closet
  • Handicap Accessible
  • Eat-In Kitchen
  • Cooling Available
  • 4-minute walk to Lawrimore Park

About This Home

As of August 2021

Downtown living is back! Nestled between the Circular Church and Powder Magazine, the 85 Cumberland building enjoys the heart of Historic Charleston. This one bedroom unit has been updated with state of the art appliances. A Sub-Zero refrigerator and Jenn-air stove, dishwasher and microwave add modern convenience to the charm of this historic property. A fresh coat of paint and new bathroom shower round out the details that make these rooms truly special. This quaint condo is flooded with light from the floor to ceiling windows. The exposed brick walls and soaring ceiling enlarge the smaller foot print of the home. Check out the location on you mapping application. You will see an excellent walk score to everything lovely Charleston has to offer.

Last Agent to Sell the Property

Cara Schaafsma

Carolina One Real Estate License #84058 Listed on: 05/03/2021

Carolina One Real Estate

Last Buyer's Agent

Brad Chapman

Riverland Realty License #110623

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,867

Year Built

  • Built in 1900

Lot Details

  • 7,318

HOA Fees

  • $374 Monthly HOA Fees

Home Design

  • Brick Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 484 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Crawl Space
  • Fire Sprinkler System
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

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

Accessible Home Design

  • Handicap Accessible

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

Overview

  • Markets Gate Subdivision

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,867

Year Built

Built in 1900

Lot Details

0

HOA Fees

$374 per month

Listing Details

  • Prop. Type: Residential
  • Year Built: 1900
  • Property Sub Type: Single Family Attached
  • Ownership: Condominium
  • Subdivision Name: Markets Gate
  • Directions: Take Meeting Street Into Downtown Charleston. Take A Left Onto Cumberland Street. Building Is On The Right. Parking Is Available Across The Street.
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer/Dryer Stacked, ENERGY STAR Qualified Appliances
  • Accessibility Features: Handicapped Equipped
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Elevator, Ceiling Fan(s), Eat-in Kitchen, Family
  • Master Bedroom Features: Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Metal
  • Lot Features: 0 - .5 Acre
  • Construction Type: Brick, Stucco
  • Foundation Details: Crawl Space
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Elevators
  • Association Fee: 374
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4580901326
  • Tax Annual Amount: 4866.71

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2023
Sold by
Anderson Craig
Bought by
Williams Richard Hunter
Current Estimated Value
$525,337

Purchase Details

Listed on
May 3, 2021
Closed on
Aug 17, 2021
Sold by
Olson Living Trust
Bought by
Anderson Craig and Reene Inga
Seller's Agent
Cara Schaafsma
Carolina One Real Estate
Buyer's Agent
Brad Chapman
Riverland Realty
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%

Purchase Details

Closed on
Aug 25, 2017
Sold by
Olson Jon Walter
Bought by
Olson Jon Walter and The Olson Living Trust

Purchase Details

Listed on
Jun 22, 2016
Closed on
Aug 8, 2016
Sold by
Novek Stuart Lee and Novek Amy Robin
Bought by
Olson Jon Walter
Seller's Agent
Philip Bowman
Coldwell Banker Realty
Buyer's Agent
Brian Walsh
William Means Real Estate, LLC
List Price
$640,000
Sold Price
$640,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.20%

Purchase Details

Closed on
Dec 20, 2011
Sold by
Api Charleston Llc
Bought by
Novek Stuart Lee and Novek Amy Robin

Purchase Details

Closed on
Sep 12, 2011
Sold by
Markets Gate Inc
Bought by
Api Charleston Llc

Purchase Details

Closed on
Apr 13, 2011
Sold by
Markets Gate Inc
Bought by
Eighty Five Cumberland Llc
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 Buyer Sale Price Title Company
Williams Richard Hunter $485,000 None Listed On Document
Anderson Craig $340,000 None Listed On Document
Olson Jon Walter -- None Available
Olson Jon Walter $395,000 --
Novek Stuart Lee $227,500 --
Api Charleston Llc $2,905,923 --
Eighty Five Cumberland Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2021 08/23/21 Sold $340,000 -9.3% $702 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $375,000 -41.4% $775 / Sq Ft
10/05/2016 10/05/16 Sold $640,000 0.0% $632 / Sq Ft
09/05/2016 09/05/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $640,000 -- $632 / 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 $8,403 $20,400 $0 $0
2022 $5,486 $20,400 $0 $0
2021 $5,486 $18,420 $0 $0
2020 $4,867 $18,420 $0 $0
2019 $6,536 $23,700 $0 $0
2017 $6,244 $23,700 $0 $0
2016 $1,351 $10,440 $0 $0
2015 $3,846 $10,440 $0 $0
2014 $3,310 $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: 21011721

CHS Regional MLS

APN: 458-09-01-326