NOT LISTED FOR SALE

85 Cumberland St Unit 8 Charleston, SC 29401

French Quarter Neighborhood

Estimated Value: $482,000 - $513,467

1 Bed
1 Bath
489 Sq Ft
$1,010/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $369,000 $755 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,182/month

205 Days on Market

Highlights

  • Wood Flooring
  • No Heating
  • 4-minute walk to Lawrimore Park
  • Ceiling Fan
  • 1-Story Property

About This Home

As of September 2021

Back on the market (Buyer financing fell through) Perfect Peninsula pied-a-terre, South of Market. Just steps away from everything that defines historic Charleston. Markets Gate (and this ground-floor unit) backs to the grounds at Saint Phillips for maximum privacy and quiet. Park your car and walk to dining, shopping, Water Front Park, the Battery, Churches, the gallery district, are all within steps. This unit packs large living into its small size. High Ceilings, huge windows, gourmet kitchen with gas range and SubZero refrigerator, exposed brick walls, high-end trim package. Perfect place to escape ordinary life and live like an Old Charlestonian. Easy to show. Most furniture can be left with listing.

Last Agent to Sell the Property

James Bailey

Carolina One Real Estate License #2064 Listed on: 01/16/2021

Carolina One Real Estate

Last Buyer's Agent

Mary Ziegler

Beach Residential License #32212

Beach Residential

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 7,318

Interior Spaces

  • 489 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

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

Utilities

  • No Cooling
  • No Heating

Community Details

  • Markets Gate Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1900
  • Property Sub Type: Single Family Attached
  • Subdivision Name: Markets Gate
  • Directions: Heading Down Meeting Street Towards Broad, Turn Left Onto Cumberland Street. Markets Gate Is Between Meeting And Church, Across From The Parking Garage And Next To The Powder Magazine.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condo Regime, Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Ground Level
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s)

Garage/Parking

  • Parking Features: Other (Use Remarks)

Utilities

  • Cooling Y N: No
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2021
Closed on
Sep 2, 2021
Sold by
Applegren Nicholas C
Bought by
Thompson Robert Scott and Thompson Nancy Annemarie
Seller's Agent
James Bailey
Carolina One Real Estate
Buyer's Agent
Mary Ziegler
Beach Residential
List Price
$369,000
Sold Price
$369,000
Current Estimated Value
$494,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,117
Avg. Annual Appreciation
7.09%
Original Mortgage
$184,500
Outstanding Balance
$140,830
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$353,287

Purchase Details

Listed on
Oct 16, 2015
Closed on
Mar 25, 2016
Sold by
Petrillo Joseph M
Bought by
Applegren Nicholas C and Applegren Christine K
Seller's Agent
Chris Carrara
Carolina One Real Estate
Buyer's Agent
James Bailey
Carolina One Real Estate
List Price
$343,000
Sold Price
$343,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.35%
Original Mortgage
$308,700
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2012
Sold by
Api Charleston Llc
Bought by
Petrillo Joseph M

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Thompson Robert Scott $369,000 None Listed On Document
Applegren Nicholas C $343,000 --
Petrillo Joseph M $250,000 --
Api Charleston Llc $2,905,923 --
Eighty Five Cumberland Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Robert Scott $184,500
Previous Owner Applegren Nicholas C $308,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2021 09/03/21 Sold $369,000 0.0% $755 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $369,000 +7.6% $755 / Sq Ft
03/25/2016 03/25/16 Sold $343,000 0.0% $701 / Sq Ft View Prior Sale
02/24/2016 02/24/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $343,000 -- $701 / 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 $7,022 $22,140 $0 $0
2023 $6,429 $22,140 $0 $0
2022 $5,945 $22,140 $0 $0
2021 $6,271 $23,670 $0 $0
2020 $6,226 $23,670 $0 $0
2019 $5,689 $20,580 $0 $0
2017 $5,435 $20,580 $0 $0
2016 $4,424 $17,250 $0 $0
2015 $4,224 $17,250 $0 $0
2014 $3,635 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    James Bailey

    Carolina One Real Estate

    (843) 810-6983

    1 in this area

    93 Total Sales

    James Bailey
    Section Image

  • M

    Buyer's Agent in 2021

    Mary Ziegler

    Beach Residential

    (843) 270-5114

    1 in this area

    58 Total Sales

    Mary Ziegler
    Section Image

  • C

    Seller's Agent in 2016

    Chris Carrara

    Carolina One Real Estate

    (843) 696-6040

    1 in this area

    12 Total Sales

    Chris Carrara
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 21001261

CHS Regional MLS

APN: 458-09-01-329

South Carolina Charleston County Charleston 29401 French Quarter

85 Cumberland St Unit 8, Charleston, SC

Not Listed for Sale

Detached

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