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$298,000

Beds
2
Baths
1.0
sq ft
Unknown

2120 Thornlee Dr, North Charleston, SC 29405

2120 Thornlee Dr

North Charleston, SC 29405

  • 12 days on market
    • Price drop $7,000↓
Exceptional 2-for-1 Investment Opportunity - Perfect for House Hackers!This unique property offers two separate homes, ideal for multi-family living, or a live-in-one/rent-the-other arrangement.The main house is a charming, move-in-ready cottage with 2 bedrooms, 1 bathroom, and 750 square feet of cozy living space. Recently updated with a new roof, central heating & air, plumbing, and a tankless water heater, this home offers peace of mind and modern comfort.The secondary house is a blank canvas with 759 square feet, featuring its own electric panel, gas line, and some plumbing already in place. While it requires a full renovation, it offers incredible potential for the right buyer to customize it into a rental or guest house.Located in the highly desirable WhipperBarony neighborhood, this property offers easy access to downtown Charleston, Park Circle, and North Charleston's rapidly growing area. Additionally, the City of North Charleston is considering a new ordinance to allow accessory dwelling units (ADUs) on this site, making it an even more valuable investment. Within walking distance of South Carolina's proposed mass transit system and the upcoming redevelopment of the Naval Hospital site, which will include 292 live-work apartment units, this location is perfectly positioned for long-term growth. Opportunities like this don't last long - schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$209,937

Lot size

7,405.2 sq ft

Price per sq ft

Unknown

Year built

1942

Price History

04/03/2025
CTAR

CTAR #25007660

Price change
$298,000
-2.3%
03/21/2025
CTAR

CTAR #25007660

Listed
$305,000
+84.85%
07/10/2023
CTAR

CTAR #22031275

Sold
$165,000

Schools & Community

Elementary school: 

Mary Ford

Middle school: 

Morningside

High school: 

North Charleston

Number of units in community: 

2

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

$144,641
Asking price
$298,000
Closing costs (~8% of asking)
-$23,840
Est. remaining loan balance
-$129,519
Cash to seller
$144,641

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

Seller’s Loan History

Lender

Delmar Financial Co

Loan start date

July 2023

Original loan amount

$132,000

Est. remaining balance

$129,519

Interest rate

6.57%

Loan type

New Conventional, 30 year

Seller

Kyle Reetz and Greg Schuler

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: 04/03/2025 at 12:05 PM

Listing updated: 04/03/2025 at 11:31 AM

Listed by: Joe Porter, Lighthouse Real Estate, LLC Phone #: (843) 860-3238

MLS: CTAR #25007660

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