J
Seller's Agent in 2022
Jason Maxwell
River Hawk Properties LLC
(360) 391-5394
2 in this area
10 Total Sales
90 Drake St Charleston, SC 29403
East Side NeighborhoodEstimated Value: $1,535,000 - $1,859,000
9
Beds
4
Baths
3,790
Sq Ft
$458/Sq Ft
Est. Value
Highlights
- 0.13 Acre Lot
- Wood Siding
- Heat Pump System
- Cooling Available
- Stacked Washer and Dryer
- 2-minute walk to Mall Playground
About This Home
As of May 2022Gorgeous 3-unit rental property in historic Eastside with breathtaking views of the Ravenel bridge. Beautifully renovated main house was built in 1872 and has upstairs and downstairs 3br/2ba units. Master bedrooms of both units contain dual his-and-her closets. Kitchens with stainless steel appliances, granite countertops, and maple cabinets. Original 1870s heart-pine trim/floors carefully restored; walls were fully insulated when renovated. One fireplace is operational, so master bedrooms have functional wood-burning fireplaces. Stunning exposed masonry and charming side porches showcase historic elegance. 1940s back house has 3br/1ba and was completely renovated with new windows. 4 off-street parking places and brick-bed landscaping. Walking distance to downtown and bridge--a real gem!All three units are leased. Unit A is leased for $2350; the lease expires 7/31/2022. Unit B is leased for $2400; the lease expires 7/31/2022. Unit C is leased for $2000; the lease expires 6/30/2022. Insurance is $3789 annually. Taxes are $8901. CAP Rate 5.06% Proforma CAP Rate when units are released 5.50%
Last Agent to Sell the Property
River Hawk Properties LLC License #62934 Listed on: 03/04/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,909
Year Built
- Built in 1872
Lot Details
- 5,663 Sq Ft Lot
Parking
- Open Parking
Home Design
- Architectural Shingle Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 9 Bedrooms
- 3,790 Sq Ft Home
- 2-Story Property
- Crawl Space
- Dishwasher
- Stacked Washer and Dryer
Schools
- Sanders Clyde Elementary School
- Simmons Pinckney Middle School
- Burke High School
Utilities
- Cooling Available
- Heat Pump System
Community Details
- 3 Units
- Eastside Subdivision
Listing and Financial Details
- Tenant pays for all utilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2022
Closed on
May 19, 2022
Sold by
Sequoia Group Llc
Bought by
Michelsen Sean
Seller's Agent
Jason Maxwell
River Hawk Properties LLC
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,835
Avg. Annual Appreciation
9.40%
Original Mortgage
$1,105,000
Outstanding Balance
$1,050,456
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$684,261
Purchase Details
Closed on
Jun 4, 2012
Sold by
Maxwell Jason
Bought by
90 Drake Llc
Purchase Details
Closed on
Mar 4, 2011
Sold by
Jenkins Walter
Bought by
Ashley Oak Partners Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Michelsen Sean | $1,300,000 | None Listed On Document | |
| 90 Drake Llc | -- | -- | |
| Maxwell Jason | $29,293 | -- | |
| Ashley Oak Partners Llc | $7,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Michelsen Sean | $1,105,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2022 05/26/22 | Sold | $1,300,000 | -3.7% | $343 / Sq Ft |
| 03/26/2022 03/26/22 | Pending | -- | -- | -- |
| 03/21/2022 03/21/22 | For Sale | $1,350,000 | -- | $356 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $16,909 | $58,510 | $0 | $0 |
| 2023 | $16,909 | $58,510 | $0 | $0 |
| 2022 | $9,011 | $33,330 | $0 | $0 |
| 2021 | $8,901 | $33,330 | $0 | $0 |
| 2020 | $8,837 | $33,330 | $0 | $0 |
| 2019 | $8,081 | $28,980 | $0 | $0 |
| 2017 | $7,724 | $28,980 | $0 | $0 |
| 2016 | $7,475 | $28,980 | $0 | $0 |
| 2015 | $7,139 | $28,980 | $0 | $0 |
| 2014 | $3,188 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: CHS Regional MLS
MLS Number: 22005436
APN: 459-06-04-041
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