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$1,475,000

Beds
7
Baths
4.0
sq ft
Unknown

207 W Poplar St, Charleston, SC 29403

207 W Poplar St

Charleston, SC 29403

  • 81 days on market
    • Price drop $24,000↓
Beautifully renovated duplex located in the highly desirable Wagener Terrace neighborhood. 207 W Poplar offers an excellent investment opportunity, whether you're looking to live in one unit and Short Term Rent the other (legally permitted by the city of Charleston as a category 2 rental), or rent both for maximum income potential. Potential Gross rental income of $11,000 - $6,500 for Unit A + $4,500 for Unit B). With a total of 2,456 SF, Unit A offers 4 bedrooms & 2 bathrooms, while Unit B features 3 bedrooms and 2 bathrooms. Opportunity to convert back to a single family home as well if desired.Upon entering Unit A, you're welcomed by refreshed landscaping and a charming repainted front porch. Inside, a long hallway leads to all four spacious bedrooms and updated two bathrooms with new light fixtures, plumbing fixtures, and exhaust fans. Toward the back of the home, you'll find a fully updated kitchen, complete with granite countertops, bright white cabinets, new hardware and brand-new stainless steel appliances. The kitchen opens into an open-concept living and dining area perfect for entertaining. From the living area, step out onto the backyard to enjoy the brand-new deck, where you can enjoy the Charleston weather year round. Unit A also features brand-new luxury vinyl plank (LVP) flooring throughout as well as freshly painted walls, trim and ceilings. Access Unit B via the private back staircase, which leads to a cozy landing perfect for outdoor seating. Inside, you enter into the dining area, adjacent to a beautifully updated kitchen that mirrors the modern finishes of Unit A, including granite countertops, white cabinetry, and new appliances. Off the dining room, newly installed French doors lead to a welcoming living space which could also be used as an office or 4th bedroom. This unit features three spacious bedrooms and two updated bathrooms. Unit B is fully repainted and has retained its original hardwood floors, which have been lovingly refinished to preserve the home's character while offering a modern touch. Additional updates include crawlspace repairs by Complete Crawlspace with new vapor barrier and sump pump, new washer and dryers in both units, new entry and exit doors and hardware for both units, all new interior doors in unit A, new ceiling fans and new blinds. Additionally the home features tankless hot water heaters and 2022 HVAC systems. The lot features a long driveway for up to four cars as well as a spacious storage shed. This property is conveniently located in Wagener Terrace, walkable to Hampton Park, local restaurants and shops or just a quick golf cart ride down the Peninsula to the heart of Historic Downtown Charleston. Whether you're looking to invest or settle into one of Charleston's most sought-after neighborhoods, 207 W Poplar is an excellent turn-key investment opportunity!

Details

Property type

Single Family Residence

Est. home value

$1,013,821

Lot size

4,356 sq ft

Price per sq ft

Unknown

Year built

1940

Price History

12/19/2024
CTAR

CTAR #24025283

Price change
$1,475,000
-1.6%
11/12/2024
CTAR

CTAR #24025283

Price change
$1,499,000
-1.96%
10/22/2024
CTAR

CTAR #24025283

Price change
$1,529,000
-1.92%

Schools & Community

Neighborhood: 

Wagener Terrace

Elementary school: 

James Simons

Middle school: 

Simmons Pinckney

High school: 

Burke

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

Beacon Community Bank

Loan start date

January 2024

Original loan amount

$607,000

Est. remaining balance

Not provided

Interest rate

7.22%

Loan type

Purchase Money Mortgage, 5 year

Seller

Smw Development & Design 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?

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Status: Active

Tomo last checked: 12/22/2024 at 11:15 AM

Listing updated: 12/19/2024 at 1:21 PM

Listed by: Mary Lou Wertz, Maison Real Estate Phone #: (843) 813-2933

MLS: CTAR #24025283

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