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$650,000

Beds
4
Baths
3.5
sq ft
2,566

1504 Galloway Ln, Charleston, SC 29412

1504 Galloway Ln

Charleston, SC 29412

  • 7 days on market
Calling all contractors, flippers and investors, this fantastic home is in need of significant crawlspace repair to replace the moisture damaged joists and subfloor due to improper installation of insulation at the time of construction. LOWEST price per square foot single family detached home on James Island. Price reflects the amount of work needed to restore this home to tip top shape. Throughout the first floor there are a number of soft areas of the floor. The joists, subfloor and first floor interior finishes will all have to be replaced. This home is situated on a private .25 acre corner lot. Welcome to Riverland Park, one of the best locations on James Island!! Minutes from the best of dining and entertainment, the County Park & the municipal golf course. This home welcomes yowith a full front/ wrap around porch and features a tremendous amount of storage with Large walk-in closets in every bedroom, multiple linen closets and large rooms sizes. The first floor is open concept with the primary suite located at rear of the home for promoting peace and tranquility. There is also a large mudroom/laundry room with the back door leading to the detached 2-car garage. Rounding out the first floor is a powder room. On the second floor you will find 3 additional bedrooms, one could be a second primary with its own en-suite bathroom and large walk-in closet. The remaining two bedrooms are Jack and Jill style and are the only rooms in the house that have carpet. There is a huge walk-in storage closet at the top of the stairs and two additional linen closets to keep everything organized. This is a fantastic opportunity to make this lowcountry charmer shine again. Features to Note: *2015 - Patio, firepit and full privacy fence installed *2018 - HVAC system replaced with 10 year warranty *2020 - Tankless Water Heater replaced *June of 2024 - New Garage door motor, openers and key pad installed A $2,500 lender credit is available and will be applied towards the buyer's closing costs and pre-paids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions. Being sold strictly AS-IS. Seller will make no repairs.

Details

Property type

Single Family Residence

Est. home value

$802,092

Lot size

0.25 acres

Price per sq ft

$254

Year built

2014

Annual property taxes

$2,098

Monthly HOA fee

$58.33

Price History

06/27/2024
CTAR

CTAR #24016326

Listed
$650,000
+81.82%
12/19/2014
CTAR

CTAR #1314940

Sold
$357,497

Schools & Community

Elementary school: 

James Island

Middle school: 

Camp Road

High school: 

James Island Charter

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

$253,919
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$344,081
Cash to seller
$253,919

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

Seller’s Loan History

Lender

Mortgage Network Inc

Loan start date

April 2020

Original loan amount

$375,927

Est. remaining balance

$344,081

Interest rate

3.49%

Loan type

New Conventional, 30 year

Seller

Benjamin Wyszynski and Keleigh E Porter

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: 07/04/2024 at 11:15 PM

Listing updated: 06/30/2024 at 4:33 PM

Listed by: Molly Ramey Ratchford, Carolina One Real Estate Phone #: (843) 284-1800

MLS: CTAR #24016326

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