Update 7/19 – WOW. Though I predicted there would be a multiple offer situation, and that the property would sell for over asking price (I said $350,000), never would I have guessed that it would sell for almost $100,000 more. Game on people.
1212143 – Details: 53 EAST BAY ST, #B, CHARLESTON, SC – $420,000
Update 5/29 – As I predicted would happen, this morning I received an email from the listing agent with the following words. “***IMPORTANT****WE ARE NOW IN A MULTI OFFER SITUATION ON THIS PROPERTY”. I am taking bets as for what it will go for!
Yes, that’s right. $330,000 for a 2BR condo South of Broad in Downtown Charleston. At one point it was listed for $750,000.
This is a bank-owned property that needs some renovation, and does not have off-street parking, but as you can see from the list below, the closest one in price is almost $150,000 more and it’s a third floor unit under the eaves.
Listed by Mickey Durham Realty
1212143 – Details: 53 EAST BAY ST, #B, CHARLESTON, SC – $330,000
1205366 – Details: 174 TRADD ST, #C, CHARLESTON, SC – $475,000
1211769 – Details: 18 SAVAGE ST, #A, CHARLESTON, SC – $479,000
2926314 – Details: 16 LOGAN ST, #B, CHARLESTON, SC – $524,000
2926315 – Details: 16 LOGAN ST, #C, CHARLESTON, SC – $534,000
2926310 – Details: 16 LOGAN ST, #A, CHARLESTON, SC – $544,250
1112185 – Details: 139 TRADD ST, #4, CHARLESTON, SC – $549,000
1114516 – Details: 4 RUTLEDGE BLVD, #A, CHARLESTON, SC – $575,000
1204649 – Details: 1 KING ST, #702, CHARLESTON, SC – $575,000
Or Click Here to go view all listings at once.
Here’s a little more insight into 53-B…
- Gleaming hardwood floors
- Multiple fireplaces
- Guest bedroom has built-ins as well as a Murphy bed.
- Updated bathroom
- Upstairs storage closet big enough to turn into a second bathroom or laundry
- Pretty shared courtyard down a brick path
- Great location across from the Hazel Parker Playground and the Charleston Yacht Club.
- It’s a bit dark
- No parking
- Kitchen could use some work
- HVAC looks like it needs replacement
- You’d have to rip out this strange wood and glass block structure that I just don’t understand. This is your view from the front door.
So despite all that bad, the price makes it very, very good. It’s the perfect pied-a-terre for someone. If you ask me, it will sell for more than asking price – shall we say $350,000??
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