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$430,000

Beds
3
Baths
1.0
sq ft
1,100

5030 Lancaster St, North Charleston, SC 29405

5030 Lancaster St

North Charleston, SC 29405

  • Pending
    • Price drop $20,000↓
Attention Investors! Welcome to 5030 Lancaster St, a delightful 3-bedroom, 1-bath home nestled in the heart of the desirable Park Circle area. This charming residence offers the perfect blend of comfort and convenience, with a spacious detached workshop that includes air conditioning - ideal for hobbies, storage, or a home office. With proper licensing requirements, this would be an excellent investment opportunity to use as a short term rental/income producing property.The kitchen features a functional layout with ample cabinet space. The primary bedroom is at the back of the home and is generously sized for this layout. The secondary bedrooms are cozy and comfortable, perfect for a family or guests. The detached workshop has two garage door bays and a side entry door.The building has a mini-split unit and is heated and cooled appropriately. The backyard is spacious and ideal for play, entertaining, or gardening. There is a carport and additional space for off street parking. The current owner replaced the HVAC within the past year, the solar panels are paid off, and the house is under termite bond with Orkin. The bedroom carpets were ripped up to expose the beautiful hardwood flooring underneath. The Park Circle area is known for its vibrant community atmosphere, excellent dining, and entertainment options. Enjoy nearby parks, local shops, and easy access to major highways for a quick commute to downtown Charleston and beyond. Don't miss out on this fantastic opportunity to own a piece of North Charleston's charm. **Buyer or buyer representative to verify all things deemed important**

Details

Property type

Single Family Residence

Est. home value

$451,801

Lot size

0.25 acres

Price per sq ft

$391

Year built

1956

Annual property taxes

$1,614

Price History

09/06/2024
CTAR

CTAR #24018702

Pending
$430,000
08/26/2024
CTAR

CTAR #24018702

Price change
$430,000
-4.44%
08/13/2024
CTAR

CTAR #24018702

Price change
$450,000
-2.17%

Schools & Community

Elementary school: 

North Charleston

Middle school: 

Morningside

High school: 

North Charleston

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

$295,019
Asking price
$430,000
Closing costs (~8% of asking)
-$34,400
Est. remaining loan balance
-$100,581
Cash to seller
$295,019

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

Seller’s Loan History

Lender

Wells Fargo Financial South Carolina Inc

Loan start date

January 2008

Original loan amount

$151,216

Est. remaining balance

$100,581

Interest rate

6.1%

Loan type

Not Provided, 30 year

Seller

Emil E Popko

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: Pending/Under Contract

Tomo last checked: 09/07/2024 at 11:40 PM

Listing updated: 09/05/2024 at 9:41 PM

Listed by: Misti Cox, King and Society Real Estate Phone #: (843) 388-4674

MLS: CTAR #24018702

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