5 months on rocket

118 President St, Charleston, SC, 29403

$2,500,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
0 Baths
2,874 SqFt
$870/SqFt
House

Location

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118 President St, Charleston$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOther (Use Remarks)
Year Built1852
HeatingHeat Pump
CoolingCentral Air
MLS #24012246
Lot Size0.10 Acres
StatusActive

About 118 President St

Located in Downtown Charleston, 118 President Street emerges as a fully licensed and operational short-term rental haven. This distinctive property showcases two separate units, designated as Unit A and Unit B, each boasting a comfortable layout featuring three bedrooms and three full bathrooms. Complementing its residential allure, the property offers the convenience of six off-street parking spaces, addressing a premium need in city living. A selection of furnishings is included, ensuring a seamless transition for its new proprietors. All six bathrooms across the premises have been exquisitely renovated in January 2023, promising modern design. 118 President Street represents a unique opportunity, ideal for investors seeking a turn-key solution in a sought-after location.

Property Details

Property Features

Property Information:

  • Year Built: 1852
  • Stories: 2
  • Living Area: 2,874 SqFt

Listing Office:

  • Office Name: Agent Group Realty Charleston

Interior Features

Interior Information:

  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Other (Use Remarks)

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Burke High School, Public Magnet Grades 7-12
  • Montessori Community School, Public District Grades PK-8
  • Mitchell Elementary School, Public Magnet Grades PK-6
  • North Charleston Creative Arts Elementary School, Public District Grades KG-3

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $870/SqFt

Tax Information:

  • Annual Amount: $11,666
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Charleston, SC.

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Charleston, SC

City

Med. Sold Price

$569.2K

Med. Price/SqFt

$321

# of Sold Homes

199

118 President St vs Charleston

170 DAYS ON ROCKET

$2,500,000

+$1.9M More

$870/SqFt

+$549 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $549/SqFt more than other homes in Charleston, SC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24012246

Listing Office:

  • Office Name: Agent Group Realty Charleston

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the CHS Multiple Listing Service. Those properties marked with the CHS MLS Approved logo are provided courtesy of the CHS MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data deemed reliable but not guaranteed accurate by the MLS.
Copyright © 2024 Charleston Trident Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 06, 2015Home Sold
$800,000
Oct 04, 2005Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2020$11,666$44,530
2018$12,880$48,000
2017$12,585$48,000

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-823983
2
/10

  • Mitchell Elementary School

  • 2 Perry St

  • 0.49 miles

  • Public Magnet Grades PK-6

school-card-donut-823984
2
/10

  • North Charleston Creative Arts Elementary School

  • 1600 Saranac St

  • 7.59 miles

  • Public District Grades KG-3

Middle School

school-card-donut-823985
7
/10

  • Montessori Community School

  • 2122 Wood Ave

  • 7.05 miles

  • Public District Grades PK-8

High School

school-card-donut-823986
3
/10

  • Burke High School

  • 244 President St

  • 0.42 miles

  • Public Magnet Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,370. Typical income of Charleston, SC residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 President St

What is the listing price of this property?

The listing price of 118 President St property is $2,500,000.

What type of property is this?

The property 118 President St is a house located in Charleston, South Carolina, 29403.

Is this property for sale now?

Active Listing: 118 President St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 118 President St are:
Mitchell Elementary School: GreatSchools Rating 2/10
North Charleston Creative Arts Elementary School: GreatSchools Rating 2/10
Montessori Community School: GreatSchools Rating 7/10
Burke High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $11,666 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 6, 2015 for $800,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 118 President St has 6 bedrooms.

What is the square footage of this property?

The property 118 President St is 2,874 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 President St is 1852.

Rocket Homes›South Carolina›Charleston County›Charleston›29403›118 President St

This home is located at 118 President St in Charleston, SC and zip code 29403 in the The Peninsula neighborhood. This 2,874 square foot home, which was built in 1852, sits on a 0.10 acre lot. Features: 6 bedrooms. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $2,500,000.

In September 2024, from all listings sold in Charleston, SC there were more than 26 sold above asking price, over 128 sold below and more than 45 were sold right at the asked price. In September 2024 in Charleston, SC there were 4.8% more homes for sale than in August 2024.

From Rocket Homes Real Estate and based on county public records data.

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