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$600,000

Beds
3
Baths
3.5
sq ft
2,245

4975 Lake Palmetto Ln, North Charleston, SC 29418

4975 Lake Palmetto Ln

North Charleston, SC 29418

  • 45 days on market
Active Short Term Rental sold fully furnished generating 100,000 dollars a year in income. All future bookings will transfer upon sale complete pass through investment at a high rate of return. This rental has many five star reviews with streamlined management already in place. This lakefront townhome has a retractable awning with a private dock, off street parking spots and a detached garage included with the sale. The interior has light oak hardwood floors in the common areas and luxurious new carpet in the bedrooms. The open plan firstfloor is made for entertaining and enjoying life. The large kitchen has custom tile backsplashes, a breakfast bar, and lots of space for cooking. Adjacent is a half bath and a brand new stainless stackable washer and driver in the sliding door laundrycloset. The kitchen opens into a full dining room with a bar cart area, and beyond is the well-lit living area with a gas fireplace and built-in entertainment system above. Glass sliding doors open to the waterfront rear deck and porch that features a private dock. A staircase with oak treads and balustrades leads to the ensuite bedrooms above, allowing multiple guests to enjoy the house with quiet and privacy. The second story of the house has a guest bedroom with space for up to four guests and its own seating area. Its bath has loads of vanity space, a walk-in shower, and full tub with custom tiled surround. Across the hall is the large, well-lit principal bedroom that and bathroom, with its deep garden tub, which both overlook the lake. The massive third floor bedroom is more than an ensuite with a large bathroom, it's an extra dwelling space unto itself. It features a large, well-lit sitting area with sliding glass doors leading to a private balcony overlooking the lake. The townhome offers the privacy of a stand-alone residence without the maintenance, and it is located across from a large, wooded parcel. There is street parking nearby for additional guests or tenants. Lake Palmetto is a quiet, waterfront residential community but is so close to I-26 to get to downtown Charleston, or to I-526 to hop to the islands and beaches, and is walking distance to the North Charleston Coliseum. The neighborhood is a short drive to bustling Park Circle's restaurants and shops, near the North Area brewery district and up and coming Navy Yard, and is just a few minutes from the Paradiso at Mixson, a family friendly club with a large, heated saltwater pool, cabana rentals, co-working spaces, a restaurant, and regular social events. 4975 Lake Palmetto is also moments to Charleston International Airport for quick weekend getaways or incoming guests.

Details

Property type

Townhouse

Est. home value

$366,343

Lot size

2,178 sq ft

Price per sq ft

$268

Year built

2004

Price History

07/24/2024
CTAR

CTAR #24018811

Listed
$600,000
+71.43%
11/28/2022
CTAR

CTAR #22027934

Sold
$350,000
+48.94%
07/05/2019
CTAR

CTAR #19015440

Sold
$235,000

Schools & Community

Elementary school: 

Meeting Street Elementary at Brentwood

Middle school: 

Northwoods

High school: 

North Charleston

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

Grandsouth Bank

Loan start date

November 2022

Original loan amount

$262,500

Est. remaining balance

Not provided

Interest rate

6.66%

Loan type

Future Advance Clause / Open End Mortgage, 5 year

Seller

Crosstown Capital 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: 09/07/2024 at 11:40 PM

Listing updated: 08/23/2024 at 6:13 AM

Listed by: Tift Mitchell, Tift Properties Phone #: (843) 514-8566

MLS: CTAR #24018811

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