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$784,120

Beds
4
Baths
3.0
sq ft
2,902

208 E Carolina Ave, Summerville, SC 29483

208 E Carolina Ave

Summerville, SC 29483

  • 126 days on market
Welcome to a restored vintage 1960 sprawling brick ranch home situated on an acre in historic downtown Summerville. Guests of this already set up short term rental appreciate the vintage theme and attention to detail/craftsmanship. This is a Turnkey business/home on E Carolina zoned (NB) neighborhood commercial plus a usable walk out basement. Make it your home or keep it as an STR or add more units to the BNB or use as a great exposure road front office. There are 4 countable upstairs bedrooms, 3.5 bathrooms upstairs and a full unit in the walk out basement with 2 bedrooms, a full bathroom, and walk out entrance. Business license and everything set up for an STR. All mechanicals and esthetics are completed.Property and home has room for more units and an easily finished basement walk out unit currently used as locked off storage. The home has been fully integrated and set up as a hands off 1960s vintage time capsule STR. Exterior Camera systems, Wi-Fi door locks, owners closets, laundry blocked from guests, and a secret room for owner stuff as well. Linens/Furnishings/set up and training are negotiable along with the 25' metal vintage caterpillar play set. Messaging is custom written to establish ownership and nurture relationships with guests as well as promote future stays and avoid unnecessary miscommunication. Short story long; it can only be viewed by appointment when not occupied by guests and future reservations will need to be honored (we are only allowing a couple months booking ahead of time). This is a very unique opportunity to purchase a cash flowing business with room to grow. Or move in and enjoy this awesome home yourselves.

Details

Property type

Single Family Residence

Est. home value

$1,007,162

Lot size

0.82 acres

Price per sq ft

$271

Year built

1960

Annual property taxes

$8,501.54

Price History

03/03/2024
CTAR

CTAR #24005414

Listed
$784,120
+141.27%
06/03/2021
CTAR

CTAR #20032735

Sold
$325,000

Schools & Community

Elementary school: 

Summerville

Middle school: 

Alston

High school: 

Summerville

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

K Michael Pounds

Loan start date

August 2023

Original loan amount

$485,000

Est. remaining balance

Not provided

Interest rate

6.06%

Loan type

Future Advance Clause / Open End Mortgage, 10 year

Seller

Mammoth Property Investments Llc

Lender

K Michael Pounds

Loan start date

August 2023

Original loan amount

$485,000

Est. remaining balance

Not provided

Interest rate

6.06%

Loan type

Future Advance Clause / Open End Mortgage, 10 year

Seller

Mammoth Property Investments 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: 07/07/2024 at 6:30 PM

Listing updated: 03/03/2024 at 1:22 PM

Listed by: Chris Bellinder, Realty ONE Group Coastal Phone #: (843) 972-9450

MLS: CTAR #24005414

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