NOT LISTED FOR SALE

Estimated Value: $179,000 - $209,000

10 Beds
2 Baths
6,250 Sq Ft
$30/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $669,000 $107 Per Sq Ft

Current estimated payment $1,243/month

270 Days on Market

Highlights

  • 0.4 Acre Lot
  • Cooling Available
  • Heat Pump System
  • Community Pool
  • Ceiling Fan

About This Home

As of July 2019

Portfolio of 5 townhomes with individual TMS#'s for sale - new purchaser can decide to sell off each unit individually if they like. Units are all 1,250 SF with 2 beds/2.5 baths. Bedrooms (each with private bathroom) and laundry room upstairs in each unit. Separately metered for water/gas/electric. All units have a detached 1 car garage. Built new in 2006 - each unit has living/dining room, kitchen, half bath downstairs, patio with wooden fence separating each unit. Property stays consistently full with only a week or two between new tenants. Rents are lower than market and there's immediate value add with the lowest rental rate on a month to month lease. Property has been well maintained and there's a detailed maintance log available showing any repairs/replacements made when necessary.

Last Agent to Sell the Property

Brett Rashtchian

RE/MAX Southern Shores License #91089 Listed on: 09/07/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,557

Year Built

  • Built in 2006

Lot Details

  • 0.4 Acre Lot

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 10 Bedrooms
  • 6,250 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dishwasher

Schools

  • A. C. Corcoran Elementary School
  • Deer Park Middle School
  • Stall High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 5 Units
  • The Lakes Subdivision

Recreation

  • Community Pool

Building Details

  • Gross Income $61,500
  • Net Operating Income $45,713

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,557

Year Built

Built in 2006

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2006
  • Lot Size Acres: 0.4
  • Subdivision Name: The Lakes
  • Directions: Rivers Ave To Otranto Rd, Left On Brookforest Rd, Units Are The Left.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: More than 4
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Total Bedrooms: 10
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, SCE & G
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool

Schools

  • Elementary School: A. C. Corcoran
  • High School: Stall
  • Middle Or Junior School: Deer Park

Lot Info

  • Lot Size Sq Ft: 17424
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Map Number: 4850300245

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 61500
  • Property Net Operating Income: 45712.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Huppertz Benjamin
Bought by
Koenig Real Estate Llc
Current Estimated Value
$189,523

Purchase Details

Closed on
Aug 2, 2024
Sold by
Johnston Leonard Lyle
Bought by
Huppertz Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,750
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 7, 2018
Closed on
Jul 31, 2019
Sold by
Pratt Robert L and Pratt Candace W
Bought by
Johnston Leonard Lyle
Seller's Agent
Brett Rashtchian
RE/MAX Southern Shores
Sold Price
$669,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-18.71%
Original Mortgage
$100,350
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2006
Sold by
Dam Of Charleston Inc
Bought by
Pratt Robert L and Pratt Candace W

Purchase Details

Closed on
Dec 29, 2003
Sold by
Hamner Dan
Bought by
Dam Of Charleston Inc

Purchase Details

Closed on
Feb 6, 2002
Sold by
Precision Rail Enterprises Inc
Bought by
Hamner Dan
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 Buyer Sale Price Title Company
Koenig Real Estate Llc -- None Listed On Document
Koenig Real Estate Llc -- None Listed On Document
Huppertz Benjamin $173,000 None Listed On Document
Johnston Leonard Lyle $133,800 None Available
Pratt Robert L $110,000 None Available
Dam Of Charleston Inc $11,000 --
Hamner Dan $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huppertz Benjamin $129,750
Previous Owner Johnston Leonard Lyle $100,350
Previous Owner Pratt Robert L $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $669,000 -- $107 / 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 $2,557 $8,030 $0 $0
2023 $2,557 $8,030 $0 $0
2022 $2,392 $8,030 $0 $0
2021 $2,374 $8,030 $0 $0
2020 $2,354 $8,030 $0 $0
2019 $1,252 $3,830 $0 $0
2017 $1,170 $3,830 $0 $0
2016 $1,137 $3,830 $0 $0
2015 $1,103 $3,830 $0 $0
2014 $1,524 $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: 18025202

CHS Regional MLS

APN: 485-03-00-245