1416 Chancellor Street, Edisto Island, SC 29438
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1416 Chancellor Street, Edisto Island, SC 29438

$795,000

STATUS: Sold MLS #: 23027412 Days on Market: 150
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PK - 05 Schools in 29438

Name
Address
Phone
Type
Grade
1960 Jane Edwards RoadEdisto Island, SC 29438
(843) 559-4171
Public
PK - 05

Back on market at no fault of the home nor the sellers! The buyers home sale did not go through so the buyer had to back out of contract just days before closing. Already past the Home Inspection, the CL-100, and the appraisal, so this home is ready-to-go! Well on its way to having a record year with rental income if it keeps going like it is!Excellent rental history for this meticulously renovated 1 story, 3 bedroom, 2 bath beach house. Rental revenue $70,000 for Feb to Nov of 2023! Could have been more, but the owners enjoyed many weeks for themselves and blocked off 3 weeks in December for showings. Multiple rentals on the books for 2024 already. New kitchen and bathrooms, HVAC, tankless hot water heater, leveled floor system, just to name a few items. Top ofthe line linens and bedding give this rental home excellent reviews. Enjoy 2 driveways, 2 screened in porches, a large patio, outdoor shower, tankless water heater, and a 14 x 20 shed in the back yard that would make for a fun game room! Quick walk to the beach past only 7 houses. On crawl space, so no steps to climb with groceries or luggage. Flood Insurance $2,299 per year and Homeowners Insurance $7,076 per year.

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Listing Provided by Anchor Coastal Realty, LLC
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Address: 1416 Chancellor Street
State: SC
Zip: 29438
County: Colleton

About Me

About MeHome ValuationExposure to Buyers

What makes me different and more worthy than any other agent? Great Question…

1.) I have been in the real estate industry since 1998

 

2.) At 29 years old I founded a wholesale mortgage firm here in Charleston and as such being the President/CEO I was responsible for overseeing 13 team members, two branches, ALL the marketing functions, business development, training of real estate agents in financing, training of my loan officers, and making sure over $85 Million in loans got closed. Of which most were purchases. So I have REAL business knowledge and real estate is business vs an agent without that savvy business skills.

 

3.) I graduated from University of S.C. where my major was media arts. What’s that mean? What you are reading right now is media. Everything you see and hear is media. Everything on a computer is digital media, websites, video, photographs, and audio. I studied video production, photography/lighting courses, audio recording, and more. Even post cards, billboards, news paper are ALL media, print media. (Although it’s an antiquated media). With that knowledge your home will have the most beautiful representation to the prospective buyers, instead of most of what you see out there (poorly lit, poorly framed, bad photos and video that put off buyers).

 

4.) 95% OF ALL REAL ESTATE TRANSACTIONS BEGIN WITH THE INTERNET… PERIOD, IT IS FACT. I am a digital internet marketing expert. I consult other businesses on how to harness the internet’s power through web design, SEO (search engine optimization), content marketing, image marketing, user experience design, online ad management and more.

When listing a home for sale there isn't an exact science to it, but what is required is knowing all the facts, and that's where I come in. What's a home valuation really anyway?

Estimating the value of real property is important to a variety reasons, but for most people, determining the asking or purchase price of a property is the most useful application of real estate valuation. This article will provide an introduction to the basic concepts and methods of real estate valuation, particularly as it pertains to real estate sales.

That's all well and good, however what most home owners in Charleston SC and the U.S. really want to know is what's my property worth now if I were to try to sell it? The most common method  that 90% of listing agent use is: 

The Sales Comparison Approach.

 

Value -
A main consideration in appraising is to determine a property’s value: the present worth of future benefitsarising from the ownership of real property. Unlike many consumer goods such as oil, lumber, food, etc. that are quickly used, the benefits of real property are generally realized over a long period of time. Therefore, an estimate of a property’s value must take into consideration economic and social factors, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:

 

  • Demand – the desire or need for ownership supported by the financial means to satisfy the desire;
  • Utility – the ability to satisfy future owners’ desires and needs;
  • Scarcity – the finite supply of competing properties
  • Transfer-ability – the ease with which ownership rights are transferred.

– What have the homes that are MOST comparable to yours (subject property) sold for recently per sq ft., and  what is currently for sale (taking into account scarcity from above)?

 

– What are the prices being asked by your competing listings in and around your neighborhood.

 

Other Factors inside the two primary ones above include: (age of home, physical features, location, conditions of the sale, economic conditions)

 


MLS ID: 23027412
List Price: $795,000
Bedrooms: 3
Full Baths: 2
Half Baths: N/A
Total Square Feet: 12802
Elementary School: Northside Elementary
Middle School: Colleton
High School: Colleton
Subdivision: Beach Walk
Home Style:
Year Built: 1959
Days On Market: 150
Lot Size: 0.2500 acres
Outdoor & Yard Description:
Window Treatments
Laundry Room
Separate Dining
0 - .5 Acre
Ceramic Tile
Walk/Jog Trails
Ceiling - Smooth
Dominion Energy
Trash
Boat Ramp
Golf Membership Available
Tennis Court(s)
Level
Great
Utility
Ceiling - Cathedral/Vaulted
Cottage
Beach Access
Ceiling Fan(s)

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