The Resurrection of the Handy Man Special in Charleston – Wagener Terrace and North Central

Update 9/15 – Since I wrote this blog, two more handy man specials in Wagener Terrace and North Central have gone under contract at 144 Hester St and 9 Laurel, and the price has been reduced on a few others.

Back in May, I noticed what I thought could become a trend in handy man specials* and created this blog post about it.  Rather than publish my thoughts immediately, I decided to wait on the market a bit because I was afraid my theory might be wrong.  (Doesn’t everyone prefer to be right??)  At the beginning of this week, I took a client to see some fixer-upper homes in the Charleston Peninsula neighborhoods of Wagener Terrace and North Central, and less than four days later, two of the five we considered went under contract.  I thought this kind of action warranted further investigation…could my May hypothesis be coming true?

Hypothesis: I believe there is a resurrection of the Handy Man Special in Wagener Terrace and North Central.  Let’s look at the numbers to show you why.  (Click here for a map if you are unfamiliar with the Charleston Peninsula neighborhoods.)

7 homes sold in the past six months, and only 4 sold in the prior six months.    But – an additional 10 homes are currently under contract with only 17 more available (only 4 of which are in Wagener Terrace).  In an area of 2000+ homes, that looks like some serious action to me folks.  Wagener Terrace and North Central are hot, hot, hot.
So check out the lists after the jump for what is available and what is under contract.  Is there a little gem in there for you?

*A handy man special is any home which needs significant renovation

Available “Handy Man Specials”

North Central

2640112 – Details: 38 GROVE ST, CHARLESTON, SC – $45,000
2911961 – Details: 16 DEWEY ST, CHARLESTON, SC – $99,900
2920638 – Details: 50 MAPLE ST, CHARLESTON, SC – $225,000
2919613 – Details: 77 CYPRESS ST, CHARLESTON, SC – $220,000 (Update 9/14 – Reduced to $200,000)
2917796 – Details: 1113 KING ST, CHARLESTON, SC – $275,000
2902234 – Details: 28 MAPLE ST, CHARLESTON, SC – $150,000
2902370 – Details: 24 N TRACY RD, CHARLESTON, SC – $130,000
2906849 – Details: 112 GROVE ST, CHARLESTON, SC – $199,999
2908487 – Details: 791 RUTLEDGE AVE, CHARLESTON, SC – $199,900
2921242 – Details: 32 ATHENS CT, CHARLESTON, SC – $49,900
2914810 – Details: 13 LAUREL AVE, CHARLESTON, SC – $139,000
2916553 – Details: 9 LAUREL AVE, CHARLESTON, SC – $134,900 (Update 9/14 – now under contract)
2917492 – Details: 858 RUTLEDGE AVE, CHARLESTON, SC – $234,900

Wagener Terrace

2909131 – Details: 17 CLEMSON ST, CHARLESTON, SC – $200,000 (Update 10/15 – Now under contract)
2908760 – Details: 118 GROVE ST, CHARLESTON, SC – $125,000 (Update 10/15 – Taken off the market)
2920506 – Details: 144 HESTER ST, CHARLESTON, SC – $173,500 (Update 9/8 – Now under contract)
2817037 – Details: 1 KYLE PL, CHARLESTON, SC – $183,900

“Handy Man Specials” Under Contract

North Central

2922136 – Details: 390 HUGER ST, CHARLESTON, SC – $115,000
2920236 – Details: 38 ATHENS CT, CHARLESTON, SC – $44,900
2920027 – Details: 124 CONGRESS ST, CHARLESTON, SC – $79,000
2919974 – Details: 11 OSWEGO ST, CHARLESTON, SC – $80,000

Wagener Terrace
2922137 – Details: 5 MIDDLETON CT, CHARLESTON, SC – $45,000
2906988 – Details: 814 RUTLEDGE AVE, CHARLESTON, SC – $245,000
2835728 – Details: 147 DARLINGTON AVE, CHARLESTON, SC – $150,000
2921272 – Details: 921 RUTLEDGE AVE, CHARLESTON, SC – $199,900

2828170 – Details: 79 MOULTRIE ST, CHARLESTON, SC – $285,000
2714268 – Details: 160 DARLINGTON AVE, CHARLESTON, SC – $299,000

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