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$1,750,000

Beds
2
Baths
2.0
sq ft
Unknown

40 State St Unit 1, Charleston, SC 29401

40 State St Unit 1

Charleston, SC 29401

  • 1 day on market
This elegant and spacious two-bedroom apartment is in the heart of Charleston's historic French Quarter. With masonry walls, high ceilings, large windows and beautiful finishes, this pied-a-terre offers a charming perch within blocks of downtown Charleston's dining and cultural scene. The large off-street parking pad offers space for two or more cars, and convenient direct access into the ground floor entrance. A tastefully updated kitchen is equipped with a Wolf range, GE Monogram refrigerator, marble countertops and plenty of cabinet space. The main living and dining area is lined with windows providing ample natural light and tranquil courtyard views. A sunny guest bedroom facing the street provides an excellent home office option and has a full en suite bath. The primary suite features a large bedroom, walk-in closet and marble tiled bathroom. A back hall offers spacious storage closets and serves as access to the private walled courtyard and storage shed. The property is also situated on high ground and has no history of flooding during the present ownership. Off-street parking in the French Quarter is a highly prized rarity, making this turnkey gem even more special. Don't miss this opportunity to live in one of Charleston's most architecturally charming neighborhoods!

Details

Property type

Condominium

Est. home value

$1,543,679

Lot size

Unknown

Price per sq ft

Unknown

Year built

1815

Price History

02/20/2025
CTAR

CTAR #25004452

Listed
$1,750,000
+12.9%
09/20/2023
CTAR

CTAR #23016936

Sold
$1,550,000

Schools & Community

Neighborhood: 

French Quarter

Elementary school: 

Memminger

Middle school: 

Simmons Pinckney

High school: 

Burke

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

$1,314,415
Asking price
$1,750,000
Closing costs (~8% of asking)
-$140,000
Est. remaining loan balance
-$295,585
Cash to seller
$1,314,415

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

Seller’s Loan History

Lender

Fifth Third Bank Na

Loan start date

September 2023

Original loan amount

$300,000

Est. remaining balance

$295,585

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

William G Ederle

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: 02/22/2025 at 4:45 AM

Listing updated: 02/21/2025 at 5:15 PM

Listed by: Legrand Elebash, William Means Real Estate, LLC Phone #: (843) 375-4800

MLS: CTAR #25004452

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