$1,120,000
SOLD NOV 27, 2024
-- Bed
-- Bath
2,016 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$556 Per Sq Ft

7% Below List Price

1 Day on Market

Highlights

  • Wood Siding
  • No Heating
  • 4-minute walk to Elliotborough Park and Community Garden

About This Home

As of November 2024

OWNER ABSENT ELIGIBLE SHORT TERM RENTAL DUPLEX! ACCEPTING BACK UP OFFERS. If you're looking to breathe the life back into an 1852 Charleston historic home, you've found an ideal construction project! This Cannonborough-Elliotborough home requires extensive renovation to create two three bedrooms, three bathrooms units that can potentially generate high cash flow for your investment portfolio. Nestled in the heart of the Charleston Short Term Rental Overlay, this home offers the conveniences so highly sought after. You'll be within a short walk to Xio Bao Biscuit, Pink Cactus, Bad Bunnies Coffee, Island Provisions, Uptown Social, and all the nightlife King Street has to offer!This property is being offered ''as-is'' with some construction supporting documents/inspections available upon request.

Last Agent to Sell the Property

Jonathan Hoff

The Boulevard Company License #74093 Listed on: 11/03/2024

The Boulevard Company

Last Buyer's Agent

Marjorie Corbin

EXP Realty LLC License #110460

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,654

Year Built

  • Built in 1852

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Mitchell Elementary School
  • Simmons Pinckney Middle School
  • Burke High School

Utilities

  • No Cooling
  • No Heating

Community Details

  • 2 Units
  • Cannonborough Elliotborough Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,654

Year Built

Built in 1852

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1852
  • Lot Size Acres: 0.07
  • Inclusions: No Furniture
  • Subdivision Name: Cannonborough-Elliotborough
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Roof: Metal
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Other (Use Remarks)

Utilities

  • Cooling Y N: No
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Schools

  • Elementary School: Mitchell
  • High School: Burke
  • Middle Or Junior School: Simmons Pinckney

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Zoning Description: Non-Conforming
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4600803069

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2024
Closed on
Nov 26, 2024
Sold by
Cozy 95 Spring Street Llc
Bought by
95 Spring Street Llc
Seller's Agent
Jonathan Hoff
The Boulevard Company
Buyer's Agent
Marjorie Corbin
EXP Realty LLC
List Price
$1,200,000
Sold Price
$1,120,000
Premium/Discount to List
-$80,000
-6.67%
Views
6
Current Estimated Value
$1,155,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,206
Avg. Annual Appreciation
-3.46%
Original Mortgage
$1,884,387
Outstanding Balance
$1,878,223
Interest Rate
6.54%
Mortgage Type
Construction
Estimated Equity
-$783,208

Purchase Details

Listed on
Jun 4, 2024
Closed on
Aug 26, 2024
Sold by
Sims-Foster Marilyn
Bought by
Cozy 95 Spring Street Llc
Seller's Agent
Sheila Middleton
Access Realty LLC
Buyer's Agent
Sheila Middleton
Access Realty LLC
List Price
$1,100,000
Sold Price
$838,500
Premium/Discount to List
-$261,500
-23.77%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
272.76%
Original Mortgage
$1,477,725
Interest Rate
6.78%
Mortgage Type
Construction
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 Type Sale Price Title Company
Warranty Deed $1,120,000 None Listed On Document
Deed $838,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,884,387 Construction
Previous Owner $1,477,725 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $1,120,000 -6.7% $556 / Sq Ft
11/03/2024 11/03/24 For Sale $1,200,000 +43.1% $595 / Sq Ft
09/06/2024 09/06/24 Sold $838,500 -23.8% $416 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $1,100,000 -- $546 / 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 $4,654 $15,670 $0 $0
2022 $4,278 $15,670 $0 $0
2021 $4,226 $15,670 $0 $0
2020 $4,196 $15,670 $0 $0
2019 $3,839 $13,620 $0 $0
2017 $1,990 $10,920 $0 $0
2016 $1,924 $10,920 $0 $0
2014 $1,589 $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: 24027932

CHS Regional MLS

APN: 460-08-03-069