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$1,975,000

Beds
4
Baths
2.5
sq ft
2,197

83 Line St, Charleston, SC 29403

83 Line St

Charleston, SC 29403

  • 293 days on market
    • Price drop $125,000↓
83 Line St. is a fully furnished, investor's dream and perfect as a primary residence as well as a turnkey STR. Just a few blocks from upper King St and centrally located within a myriad of restaurants and attractions, this high-income producing, short-term rental has it all. It was completely renovated by the current owners and was used as their primary residence until last year. It is now a licensed STR, providing 3 bedrooms, but a fourth bedroom could be added, greatly increasing revenue, just by adding a door. A third full bathroom is also possible, as the downstairs powder room was originally a full bath and was converted, but all of the plumbing and infrastructure are in place.

Details

Property type

Single Family Residence

Est. home value

$1,103,485

Lot size

3,049.2 sq ft

Price per sq ft

$899

Year built

1840

Annual property taxes

$2,611

Price History

06/27/2024
CTAR

CTAR #24002718

Price change
$1,975,000
-5.95%
02/02/2024
CTAR

CTAR #24002718

Listed
$2,100,000
+377.27%
05/13/2014
CTAR

CTAR #1403118

Sold
$440,000

Schools & Community

Neighborhood: 

Cannonborough/Elliottbororugh

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

$1,489,351
Asking price
$1,975,000
Closing costs (~8% of asking)
-$158,000
Est. remaining loan balance
-$327,649
Cash to seller
$1,489,351

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

Seller’s Loan History

Lender

Bank Of North Carolina

Loan start date

May 2014

Original loan amount

$417,000

Est. remaining balance

$327,649

Interest rate

4.4%

Loan type

New Conventional, 30 year

Seller

Wendy P Williams and Marc Williams

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: 11/21/2024 at 9:30 PM

Listing updated: 08/23/2024 at 5:43 AM

Listed by: John Payne, Handsome Properties, Inc. Phone #: (843) 727-6460

MLS: CTAR #24002718

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