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$1,690,000

Beds
7
Baths
5.5
sq ft
4,482

2021 Lakeshore Dr, Charleston, SC 29412

2021 Lakeshore Dr

Charleston, SC 29412

  • 108 days on market
    • Price drop $105,000↓
MAJOR PRICE REDUCTION!! Welcome to INCOME PRODUCING 2021 Lakeshore Drive in Riverland Terrace. 2015 Lakeshore will be divided by tall trees, a 5-foot wall and beautiful, lush landscaping making the homes very separate and peaceful. A detached garage could be added with an ADU if no more than 40% of the property is utilized. Tons of potential here!This exceptionally renovated property features a 6-bed, 4.5-bath main residence with dual kitchens and dual laundry areas and a short or long-term attached rental unit with proven rental income for over 7 years. The abundance of natural light in this home adds a warm, welcoming atmosphere. Situated on a spacious 1/3-acre lot with deeded creek access, the home boasts stunning water views, providing a serene backdrop for everyday living.The 600 sqft rental unit presents an opportunity for those looking for an in-law suite or for investors, long or short-term rentals are possible. 2-bedroom comps in this neighborhood justify a $3,000 monthly long-term rental income. It offers an option for a second bedroom and has a private living room, kitchen, covered patio, separate parking from a different street access and laundry facilities. And all of this seems like a completely separate home so your paths could rarely cross. This additional dwelling adds both value and potential rental income to the property. Inside the main house, you find an inviting enclosed patio with exposed beams and a wood-burning fireplace. The second fireplace is located in the main living room in the home. Thoughtful touches include kitchen counters crafted from reclaimed 1950s bowling alley wood and window sills repurposed from an antique barn. Recent renovations including updated electrical and plumbing systems, a new HVAC unit for the apartment, a meticulously rebuilt unit in the main residence and a well-maintained third unit as just a few items on the long list of renovations completed by the current owner. Outside, two newly constructed piazzas offer inviting outdoor spaces to enjoy, with ample parking for residents and guests alike. Located just minutes from downtown Charleston, this property provides easy access to a variety of amenities, including a boat landing, playground, golf courses and dining options within walking distance. Experience the perfect blend of elegance and functionality at 2021 Lakeshore Drive. Schedule a viewing today to discover this exceptional property firsthand.

Details

Property type

Single Family Residence

Est. home value

$968,034

Lot size

0.29 acres

Price per sq ft

$378

Year built

1950

Annual property taxes

$2,878

Price History

04/08/2024
CTAR

CTAR #24007088

Price change
$1,690,000
-5.85%
03/21/2024
CTAR

CTAR #24007088

Listed
$1,795,000

Schools & Community

Neighborhood: 

Riverland Terrace

Elementary school: 

Harbor View

Middle school: 

Camp Road

High school: 

James Island Charter

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

Southern First Bank Na

Loan start date

November 2022

Original loan amount

$95,000

Est. remaining balance

Not provided

Interest rate

4.93%

Loan type

Credit Line (Revolving), 15 year

Seller

Phyllis E Johnson

Lender

Suntrust Bank

Loan start date

June 2015

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

Credit Line (Revolving), 30 year

Seller

Phyllis E Johnson

Lender

Suntrust Bank

Loan start date

April 2014

Original loan amount

$146,000

Est. remaining balance

Not provided

Interest rate

3.05%

Loan type

Credit Line (Revolving), 30 year

Seller

Phyllis E Johnson

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: 07/07/2024 at 5:40 PM

Listing updated: 04/27/2024 at 6:20 PM

Listed by: Amy Fitzpatrick, The Boulevard Company, LLC Phone #: (843) 619-7816

MLS: CTAR #24007088

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