Best 2BR Condo South of Broad – 53-B East Bay St for $330,000

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…

The Good

  • 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.

The Bad

  • 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??

Curious about others in my “Best of” series?  Check out the links below:

Best Home in Downtown Charleston under $2,500,000 – 113 Ashley Ave

Best Condo in Downtown Charleston for Under $300,000

Best Renovated House Under $400,000 South of the Crosstown

Best Penthouse in Downtown Charleston

Best Family-Friendly Neighborhood in Downtown Charleston

 

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