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201 Ashley Avenue, Charleston, SC 29403
$2,165,000
Property Type:
MultiFamily
Square Footage:
4,438
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$2,250,000
List Date:
12/04/2018
Last Modified:
5/12/2020
Description
Circa 1832, the Ashley Inn was constructed by Alexander Back, an inventor of rice & cotton processing equipment. Located in the heart of the Peninsula on the southern edge of Cannonborough in the short-term rental overlay, and just steps from MUSC, this beautiful Bed & Breakfast property features 7 rooms with accompanying baths and 1 half bath in the main structure and 2 bedrooms and 1.5 bathrooms in the charming carriage house located to the rear. The main house boasts wide wrap-around piazzas on both floors as well as original plaster crown moldings, plaster medallions, and heart pine flooring throughout. The original granite fireplace mantels, pocket doors, and 12-foot ceilings further add to the property's historic charm. There are 9 off-street parking spaces on-site.
Supplements: Since the property is zoned for a Limited Business use and is located within the Short-Term Rental Overlay, the property can potentially be purchased and managed by an off-site owner differentiating it from other, traditional Bed & Breakfast properties in the City. The Inn currently maintains solid occupancy and steady nightly rates with room to grow with further updating. The property is being sold furnished will original four-poster beds, chandeliers/light fixtures, and all furnishings. Copies of current and previous Profit & Loss statements are available by request.
More Information MLS# 18032139
Contract Info
Primary Structure List Price/SqFt: 506.99
MLS List Date: 2018-12-04
Status: Closed
List Price: $2,250,000
Current Price: $2,165,000
Location, Tax & Legal
Legal Description: 201 ASHLEY AVE AND BEE STREET
Tax Map #: 4601104005
Street #: 201
Street Name: Ashley
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29403
Area: 51 - Peninsula Charleston Inside of Crosstown
Tax District: 71 - City of Charleston
Subdivision: Cannonborough
Elementary School: Memminger
Middle School: Simmons Pinckney
High School: Burke
Directions: From Calhoun Street take Ashley Avenue North to Bee Street. Property is located on the corner of Ashley & Bee Streets.
General Property Info
# Stories: 3
Potential Short Sale: No
Number of Units: 8
Primary Structure Apx SqFt: 4438
Year Built: 1832
Acreage: 0.16
Status Change Info
Sold Price/SqFt: 487.83
New Mortgage Type: Cash
Sold Date: 2019-01-31
SqFt Source
Previous Listing: 1
Unit 1
Bedrooms: 2
Baths: 1.5
Unit 2
Bedrooms: 1
Baths: 1
Unit 3
Bedrooms: 1
Baths: 1
Unit 4
Bedrooms: 1
Baths: 1
Unit 5
Bedrooms: 1
Baths: 1
Unit 6
Bedrooms: 1
Baths: 1
Unit 7
Bedrooms: 1
Baths: 1
Unit 8
Bedrooms: 1
Baths: 1.5
Roof
Architectural: 1
Asphalt Shingle: 1
Metal: 1
Exterior
Wood Siding: 1
Foundation
Crawl Space: 1
Garage/Parking
Other (Use Remarks): 1
Driveway
Concrete: 1
Other (Use Remarks): 1
Architectural Style
More than 4: 1
Other: 1
New Owned/Pre-owned
Pre-Owned: 1
Equipment/Appliances
Ceiling Fan: 1
Dishwasher: 1
Dryer: 1
Electric Range: 1
Refrigerator: 1
Washer: 1
Cooling
Central Air: 1
Heat
Electric: 1
Heat Pump: 1
Natural Gas: 1
Amenities
Bus Line: 1
Cable TV: 1
Trash: 1
Sale Includes
All Furniture: 1
Building and Land: 1
Proposed Financing
Cash: 1
Other (Use Agent Notes): 1
Possession
At Closing: 1
Tenants Rights: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Utility Suppliers
Charleston Water Service: 1
SCE & G: 1
Property Features
SqFt Source: Previous Listing
Roof: Architectural; Asphalt Shingle; Metal
Exterior: Wood Siding
Foundation: Crawl Space
Driveway: Concrete; Other (Use Remarks)
Architectural Style: More than 4; Other
Cooling: Central Air
Heat: Electric; Heat Pump; Natural Gas
Amenities: Bus Line; Cable TV; Trash
Sale Includes: All Furniture; Building and Land
Proposed Financing: Cash; Other (Use Agent Notes)
Possession: At Closing; Tenants Rights
Utility Suppliers: Charleston Water Service; SCE & G
Listing Office:
The Boulevard Company
Last Updated: May - 12 - 2020
Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc.
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