tomo logo

$700,000

Beds
2
Baths
1.5
sq ft
3,125

717 Central Ave, Summerville, SC 29483

717 Central Ave

Summerville, SC 29483

  • 313 days on market
Charming 2 bedroom apartment in the heart of Summerville with flex space below and over 60' of street frontage, on heavily traveled Central Avenue. Property consists of 2 buildings; the main building currently houses a retail storefront on the first floor with a 2 bedroom apartment above. The apartment may have STR potential as well since it is one of the permitted uses under the current zoning (see attachments). The second building in the rear contains an additional entertainment space as well as a partially finished upstairs perfect for use as a home office or extra storage area. This is a wonderful opportunity for an owner-operator looking for a live/work site, or an investor looking for a single property with multiple streams of income potential.

Details

Property type

Single Family Residence

Est. home value

$383,850

Lot size

8,712 sq ft

Price per sq ft

$224

Year built

1974

Price History

02/01/2024
CTAR

CTAR #23019810

Price change
$700,000
+7.69%
02/01/2024
CTAR

CTAR #23019810

Listed
$650,000
12/01/2023
CTAR

CTAR #23019810

Pending
$650,000

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

Crescom Bank

Loan start date

May 2016

Original loan amount

$126,500

Est. remaining balance

$0

Interest rate

3.71%

Loan type

New Conventional, 5 year

Seller

Thomas Conners and Judy L Conners

Lender

Crescom Bank

Loan start date

May 2016

Original loan amount

$126,500

Est. remaining balance

$0

Interest rate

3.71%

Loan type

New Conventional, 5 year

Seller

Thomas Conners and Judy L Conners

Lender

First Citizens Bank And Trust Co Inc

Loan start date

April 2009

Original loan amount

$140,000

Est. remaining balance

Not provided

Interest rate

5.04%

Loan type

Credit Line (Revolving), 7 year

Seller

Thomas Conners and Judy L Conners

Lender

First Citizens Bank And Trust Co Inc

Loan start date

April 2009

Original loan amount

$140,000

Est. remaining balance

Not provided

Interest rate

5.04%

Loan type

Credit Line (Revolving), 7 year

Seller

Thomas Conners and Judy L Conners

Lender

First Citizens Bank And Trust Company In

Loan start date

April 2007

Original loan amount

$38,000

Est. remaining balance

$0

Interest rate

5.92%

Loan type

Not Provided, 15 year

Seller

Thomas Conners and Judy L Conners

Lender

First Citizens Bank And Trust Company In

Loan start date

April 2007

Original loan amount

$38,000

Est. remaining balance

$0

Interest rate

5.92%

Loan type

Not Provided, 15 year

Seller

Thomas Conners and Judy L Conners

Lender

First Citizens Bank & Trust Co Inc

Loan start date

February 2006

Original loan amount

$127,500

Est. remaining balance

$0

Interest rate

5.76%

Loan type

New Conventional, 10 year

Seller

Thomas Conners and Judy L Conners

Lender

First Citizens Bank & Trust Co Inc

Loan start date

February 2006

Original loan amount

$127,500

Est. remaining balance

$0

Interest rate

5.76%

Loan type

New Conventional, 10 year

Seller

Thomas Conners and Judy L Conners

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?

Similar Homes Nearby

CTAR
$794,999
5 bd
|
3.5 ba
|
2,936 sq ft
|
House

117 Quinby St, Summerville, SC 29483

New
CTAR
$775,000
5 bd
|
3.5 ba
|
4,046 sq ft
|
House

101 Clear Field Ct, Summerville, SC 29483

Price drop
CTAR
$739,000
6 bd
|
5 ba
|
3,281 sq ft
|
House

215 W Carolina Ave, Summerville, SC 29483

Status: Active

Tomo last checked: 07/07/2024 at 7:25 PM

Listing updated: 02/01/2024 at 10:40 PM

Listed by: Lawrence Richard, Carolina One Real Estate Phone #: (843) 797-7799

MLS: CTAR #23019810

CTAR logo

Recently listed in Summerville