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$725,000

Beds
3
Baths
2.0
sq ft
Unknown

1328 Cottonwood St, Charleston, SC 29403

1328 Cottonwood St

Charleston, SC 29403

  • 18 days on market
    • Price drop $70,000↓
Beautifully renovated, charming coastal cottage with privacy fence located in downtown Charleston! 1328 Cottonwood is located just blocks away from popular restaurants such as Rutledge Cab Company, local breweries, Container Bar, and the new Lowcountry Lowline Park. This 3 bed, 2 bath home is freshly painted throughout and has a brand new metal roof added in Oct 2024. The full renovation of this home was completed in 2021 and includes engineered hardwood floors, smooth ceilings, and brand new kitchen and baths. The gorgeous galley style kitchen has marble countertops, stainless steel appliances including a gas range and cooktop, loads of cabinetry, soft close drawers and doors as well as a large pantry cabinet. The layout is incredibly functional and includes two separate sitting areason either side of the kitchen. Two nicely sized bedrooms with ample closet space are located in the front of the home with a beautiful full bathroom with tile floor and shower/tub combo. The primary suite has a walk-in closet and a designer worthy bathroom with large frameless tiled shower. Enjoy the outdoor space with a full front porch plus a 10 x 10 back porch that leads to a private fenced yard with lights and storage shed. Tons of off street parking with enough space to fit 4 cars! This is an incredible opportunity to own a charming, almost 100 year old downtown Charleston home that has been updated to today's standards!

Details

Property type

Single Family Residence

Est. home value

$691,819

Lot size

4,791.6 sq ft

Price per sq ft

Unknown

Year built

1948

Price History

10/22/2024
CTAR

CTAR #24025652

Price change
$725,000
-8.81%
10/09/2024
CTAR

CTAR #24025652

Price change
$795,000
-6.47%
10/05/2024
CTAR

CTAR #24025652

Listed
$850,000
+80.85%

Schools & Community

Elementary school: 

Sanders Clyde

Middle school: 

Simmons Pinckney

High school: 

Burke

Negotiation Insights

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

Seller could get up to

$317,644
Asking price
$725,000
Closing costs (~8% of asking)
-$58,000
Est. remaining loan balance
-$349,356
Cash to seller
$317,644

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Southern Trust Mortgage Llc

Loan start date

July 2021

Original loan amount

$376,000

Est. remaining balance

$349,356

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Leighton Bo Ryder Mitchell and Tessa Eckburg Mitchell

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?

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Status: Active

Tomo last checked: 10/23/2024 at 10:20 PM

Listing updated: 10/22/2024 at 6:00 PM

Listed by: Jackie Scarafile, Carolina One Real Estate Phone #: (843) 284-1800

MLS: CTAR #24025652

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