501 Buncombe Street, Edgefield, SC 29824
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501 Buncombe Street, Edgefield, SC 29824

$479,900

STATUS: For Sale MLS #: 23021184 Days on Market: 231
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** BELOW MARKET RATES (AS LOW AS 5.5) AVAILABLE FOR APPROVED BUYERS WITH NEGOTIATED OFFER AND USE OF PREFERRED LENDER. FHA RATE AT 6.89% WOULD GIVE A 5.5% RATE FOR A SAVINGS OF $384.29 A MONTH** Don't let the interest rate affect your buying power!! Historical two-story home on Edgefield's premier location, Buncombe Street! Original structure built in 1890, enlarged in 1895 by local lawyer, E.H. Folk, and family owned until 1961. Open the beautiful front door to a graceful hall with a beautiful staircase. Lovely shady front porch with fretwork spindles overlooks lush yard with renowned camellia garden and other flowering trees. Gardens once contained 500 camellia trees. Many century trees including a tea tree believed to be a gift from Russian Czar to Lucy Pickens in the late 1800's.Large country kitchen with new stove, microwave, and refrigerator at rear of home steps out onto its own private porch and access to privacy fenced back yard. Original wood floors, newly refinished, throughout home. Dining room has floor to ceiling, large built in corner cabinet for fine China. Fireplace surround of antique tile. Living room has original coal grate fireplace with cover. Upstairs is another center hall and 4 bedrooms and newly renovated bath. Great metal roof installed 7 years ago. Recent updates to home include two new AC units, insulation, foundation repairs, exterior siding repairs, attic repairs, and re-wiring, and pvc plumbing throughout house. Current owner has completed major restoration for house and garden, any updates needed are cosmetic. Home to be included in upcoming Edgefield County Historical Society Fall Homes Tour. Walking distance to Historic Downtown Edgefield with shops, restaurants, and public square.

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Listing Provided by Weichert Realtors - Pendarvis Company
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Address: 501 Buncombe Street
City: Edgefield
State: SC
Zip: 29824
County: Edgefield

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: 23021184
List Price: $479,900
Bedrooms: 5
Full Baths: 2
Half Baths: N/A
Total Square Feet: 33682
Elementary School: Out of Area
Middle School: Out of Area
High School: Out of Area
Subdivision:
Home Style:
Year Built: 1900
Days On Market: 231
Lot Size: 0.7600 acres
Outdoor & Yard Description:
High Ceilings
Entrance Foyer
Family
Separate Dining
Family Room
Dominion Energy
Wood
Traditional
Formal Living
.5 - 1 Acre
Gas Connection
Bedroom
Colonial
Three +
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