4993,75,93 Lake Palmetto Lane, North Charleston, SC 29418
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4993,75,93 Lake Palmetto Lane, North Charleston, SC 29418

$1,726,000

STATUS: For Sale MLS #: 24019444 Days on Market: 115
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6-12 SPED Schools in 29418

Name
Address
Phone
Type
Grade
7499 Dorchester Road
8433004118
Public
6-12 SPED

6-8 SPED Schools in 29418

Name
Address
Phone
Type
Grade
6401 Dorchester Road
8437678383
Public
6-8 SPED

9-12 SPED Schools in 29418

Name
Address
Phone
Type
Grade
3625 Ashley Phosphate Road
8437642200
Public
9-12 SPED

PK-5 SPED Schools in 29418

Name
Address
Phone
Type
Grade
6800 Dorchester Road
8437675900
Public
PK-5 SPED
5501 Dorchester Road
8437675911
Public
PK-5 SPED

Three active short term rentals sold fully furnished generating over 300,000 per year in income. All future bookings will transfer upon sale complete pass through investment at a high rate of return. Agents and buyers search through loopnet, crexi, mls, or any other real estate platform and try to find a pass through cap rate at 8.5%. The rentals have many five star reviews with streamlined management already in place. All three rentals are unique booking experiences since they are lake front (these units consistently rent higher than well known park circle rentals) and can accommodate a large family due to each townhome being over 2200 sq ft. Since the properties are fee simple and built after 2004 maintenance is minimal without worry of an overbearing HOA or large assessments.The neighborhood is a short drive to bustling Park Circle's restaurants and shops, near the North Area brewery district and up and coming Navy Yard, and is just a few minutes from the Paradiso at Mixson, a family friendly club with a large, heated saltwater pool, cabana rentals, co-working spaces, a restaurant, and regular social events. Lake Palmetto is also moments to Charleston International Airport for quick weekend getaways or incoming guests.

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Address: 4993,75,93 Lake Palmetto Lane
State: SC
Zip: 29418
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: 24019444
List Price: $1,726,000
Bedrooms: 9
Full Baths: 0
Half Baths: N/A
Total Square Feet: 66572
Middle School: Northwoods
High School: North Charleston
Subdivision: Lake Palmetto
Home Style:
Year Built: 2005
Days On Market: 115
Lot Size: 0.1200 acres
Outdoor & Yard Description:
Security System
Asphalt
Ceiling Fan(s)
Berkeley Elect Co-Op

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