258 St Philip Street, Charleston, SC 29403
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258 St Philip Street, Charleston, SC 29403

$1,500,000

STATUS: For Sale MLS #: 24002710 Days on Market: 86
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06 - 12 Schools in 29403

Name
Address
Phone
Type
Grade
1002 King StreetCharleston, SC 29403
(843) 720-3085
Public
06 - 12

07 - 12 Schools in 29403

Name
Address
Phone
Type
Grade
244 President StreetCharleston, SC 29403
(843) 579-4815
Public
07 - 12

5 - 8 Schools in 29403

Name
Address
Phone
Type
Grade
227 Huger StCharleston, SC 29403
(843) 530-6215
Private
5 - 8

KG - 08 Schools in 29403

Name
Address
Phone
Type
Grade
30 Race StreetCharleston, SC 29403
(843) 203-3891
Public
KG - 08

PK - 06 Schools in 29403

Name
Address
Phone
Type
Grade
382 Meeting StreetCharleston, SC 29403
(843) 720-2967
Public
PK - 06
741 King StreetCharleston, SC 29403
(843) 724-7763
Public
PK - 06
2 Perry StreetCharleston, SC 29403
(843) 724-7261
Public
PK - 06

PK - 08 Schools in 29403

Name
Address
Phone
Type
Grade
233 Line StreetCharleston, SC 29403
(843) 722-2689
Public
PK - 08
805 Morrison DriveCharleston, SC 29403
(843) 724-7783
Public
PK - 08

PK - 12 Schools in 29403

Name
Address
Phone
Type
Grade
172 Rutledge AveCharleston, SC 29403
(843) 722-4088
Private
PK - 12

Downtown Charleston turnkey short-term rental investment nestled in the coveted Elliotborough neighborhood. Boasting General Business zoning, this property presents a unique opportunity to short rent out both units, maximizing your potential income. The strategic location places you in the heart of the vibrant King Street nightlife and a plethora of renowned restaurants. Upon entering each unit, you'll notice the abundance of light that each space lets in. Both units have spacious bedrooms. Each unit has been thoughtfully designed with modern-style kitchens featuring stainless steel appliances and ample cabinet space, offering a perfect blend of style and functionality. The tastefully done bathrooms showcase modern vanities anand exquisite tile work, adding a touch of luxury to the living spaces. Additionally, both units feature charming porches, providing a delightful outdoor retreat for residents. The property also has a large lot for parking, making downtown living a huge convenience. This property only has one direct neighbor and no buildings to the other side of it. With a proven track record of gross income averaging $135,000 over the past three years, this property stands as a reliable and lucrative investment opportunity. Don't miss your chance - schedule a showing today and seize this golden opportunity to own a piece of Elliotborough's allure!"

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Address: 258 St Philip Street
City: Charleston
State: SC
Zip: 29403
County: Charleston

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: 24002710
List Price: $1,500,000
Bedrooms: 4
Full Baths: 2
Half Baths: N/A
Total Square Feet: 13842
Elementary School: Mitchell
Middle School: Simmons Pinckney
High School: Burke
Subdivision: Elliottborough
Home Style:
Year Built: 1852
Days On Market: 86
Lot Size: 0.0700 acres
Outdoor & Yard Description:
Ceiling Fan(s)
Eat-in Kitchen
Family
0 - .5 Acre
Ceiling - Smooth
Wood
Asphalt
Traditional
Level
Gas Connection
Ceiling Fan(s)

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