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$675,000

Beds
1
Baths
1.0
sq ft
Unknown

1 King St Unit 503, Charleston, SC 29401

1 King St Unit 503

Charleston, SC 29401

  • <1 day on market
Located on the 5th floor of the infamous Fort Sumter House this 1 bedroom 1 bath condo has a very usable balcony overlooking the Ashley River and its beautiful sunsets, rooftops and church steeples of Downtown Charleston. The Fort Sumter House was built in 1923 and sits in one of the most premier locations in Charleston. Overlooking White Point Gardens which was laid out with pathways sheltered by beautiful live oaks and complete with a gazebo where many a wedding has been performed at the famous Battery of Charleston. The building was originally built as a hotel featuring a waterfront restaurant and grand ballroom where many a Charleston wedding reception was held, including this agent's 2 aunts back in the '60's. In the late '70's it was redeveloped as luxury condominiums.This condo is in need of a complete renovation. It's someone's chance to turn this into a premier home again in a location you can't replicate. The building has undergone major renovation in the last few years and is set to retain its historic place as one of the most important addresses in Charleston.

Details

Property type

Condominium

Est. home value

$623,743

Lot size

Unknown

Price per sq ft

Unknown

Year built

1975

Annual property taxes

$8,658

Monthly HOA fee

$1,087

Price History

02/01/2025
CTAR

CTAR #25002609

Listed
$675,000
+35%
04/28/2022
CTAR

CTAR #22007095

Sold
$500,000

Schools & Community

Neighborhood: 

Charlestowne

Elementary school: 

Memminger

Middle school: 

Courtenay

High school: 

Burke

Community features: 

Fitness Center, Pool

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Servisfirst Bank

Loan start date

April 2022

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Purchase Money Mortgage

Seller

Clover Fork Coal Company Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/02/2025 at 7:55 AM

Listing updated: 02/01/2025 at 11:20 AM

Listed by: Ruthie Smythe, Lois Lane Properties Phone #: (843) 577-2900

MLS: CTAR #25002609

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