tomo logo

$1,399,000

Beds
7
Baths
4.5
sq ft
8,825

1503 Elm St, Conway, SC 29526

1503 Elm St

Conway, SC 29526

  • 147 days on market
    • Price drop $151,000↓
Own a piece of history with this true southern estate with a main house and a separate carriage house. This lovely home is listed on the National Register of Historical Places. This is the home “that built Conway”, this newly restored historical home is a true one of a kind! It is currently a Bed and Breakfast, The Inn on Elm. Located in the historical heart of Conway on 2.09 acres within walking distance to downtown, the river walk, and the city park. There is a Porte Cochere entry from the rear that welcomes you to gracious living and dining rooms perfect for entertaining. The home comes completely furnished and boasts seven bedrooms, four and half baths, a great room, a living room, formal study, solarium, butlers pantry, breakfast nook, and a third floor flex space that could be a movie theatre room, man cave or speak easy or additional bedroom. The home has 18 inch thick exterior brick walls, and real hard wood oak and pine floors throughout. The home has been restored and brought back to its magnificent glory over the last three years. Some special features of this beautiful home include oversized six stage crown molding, custom trim throughout, eleven custom made chandeliers, ship lap and bead board in several living spaces, eight working wood burning fireplaces, new HVACS and water heaters, and custom tile throughout the house and large patios on each side of the home for wonderful entertaining or relaxing. This property also has a separate one bedroom, one and a half bath brick carriage house that is stunning and overlooks the large outdoor pool. No expense was spared in the restoration of this beautiful estate. Estimates to build today in the six million dollar range. Make this your beautiful home or you can have that dreamed of bed and Breakfast! This one is for you! It is a must see!

Details

Property type

Single Family Residence

Est. home value

$816,415

Lot size

2.09 acres

Price per sq ft

$159

Year built

1924

HOA

Yes

Price History

10/29/2024
MyrtleBeach

MyrtleBeach #2415425

Price change
$1,399,000
-9.74%
08/06/2024
MyrtleBeach

MyrtleBeach #2415425

Price change
$1,550,000
-13.41%
06/28/2024
MyrtleBeach

MyrtleBeach #2415425

Listed
$1,790,000
+240.95%

Schools & Community

Elementary school: 

Conway Elementary School

Middle school: 

Conway Middle School

High school: 

Conway High School

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

Anderson Brothers Bank

Loan start date

January 2022

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

3.11%

Loan type

New Conventional

Seller

Janel D Ralph

Lender

Sun West Mortgage

Loan start date

November 2020

Original loan amount

$498,750

Est. remaining balance

$454,295

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Janel D Ralph

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: 11/22/2024 at 8:20 AM

Listing updated: 10/29/2024 at 1:45 PM

Listed by: Susie Loving, Diamond Property Services Phone #: (843) 839-2020

MLS: MyrtleBeach #2415425

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