201 Ashley Avenue, Charleston, SC 29403 (MLS# 22002667)


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201 Ashley Avenue, Charleston, SC 29403

$3,775,000
Property Type: MultiFamily Square Footage: 4,020 Lot Size (sq. ft.): 6,970 Status: Closed
Current Price: $3,900,000 List Date: 2/03/2022 Last Modified: 4/07/2022

Description

Circa 1852 Historic Inn built by Alexander Back, Managing Partner of West Point Rice Mill, the Ashley Inn features seven comfortable guest rooms each individually rented, grand verandas, beautiful views and a great location to explore the city. In addition to the main house, there is a separate carriage house with two bedrooms and two baths, also eligible for short-term rentals (STR). When entering the main inn, there are two open sitting rooms which were the original living and dining rooms. The main house boasts wide covered piazzas 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 and character guests seek

Supplements: when visiting Charleston. The first floor has a queen bedroom with private bath and veranda access. In addition, there is another room and full bathroom for general guest usage which would also make excellent owner/employee office space or other flex space usage. The second floor has four additional rooms. A studio with twin size day bed and trundle, with full private bath. Then there are three separate queen suites with full baths, each with semi-private veranda access. The third floor has a queen studio with full private bath and a larger suite with queen bed, sleeper sofa and full private bathroom. The two-bedroom apartment has an open living and dining downstairs flow, with separate kitchen. Upstairs are two bedrooms and two ensuite bathrooms. Between the two buildings is a laundry and linen/supply storage room. The inn is set on a high foundation with ample storage space for bikes. The property includes nine parking spaces on-site for guests. Zoned for a Limited Business use and located within the Short-Term Rental Overlay, the property is currently 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, with a few exceptions.

More Information MLS# 22002667

Contract Info

Primary Structure List Price/SqFt: 970.15 MLS List Date: 2022-02-03 Status: Closed List Price: $3,900,000 Current Price: $3,775,000

Location, Tax & Legal

Legal Description: 201 ASHLEY AVE AND BEE 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: Located on the corner of Ashley Avenue and Bee Streets. Parking is on Bee Street

General Property Info

# Stories: 2 Ground Level: No Lease Purchase: No Potential Short Sale: No Number of Units: 8 Primary Structure Apx SqFt: 4020 Year Built: 1852 Acreage: 0.16

Income, Expenses & Fees

Auction: No

Status Change Info

Sold Price/SqFt: 939.05 New Mortgage Type: Other Sold Date: 2022-04-07

SqFt Source

Builder/Owner: 1

Unit 1

Bedrooms: 1 Baths: 1

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: 2 Baths: 3

Roof

Architectural: 1 Asphalt Shingle: 1 Metal: 1

Exterior

Wood Siding: 1

Foundation

Crawl Space: 1

Driveway

Gravel: 1

Architectural Style

Duplex: 1 More than 4: 1

New Owned/Pre-owned

Pre-Owned: 1

Cooling

Central Air: 1

Heat

Electric: 1

Sale Includes

All Furniture: 1 Building and Land: 1

Proposed Financing

Cash: 1 Other (Use Agent Notes): 1

Tenant Pays

No Utilities: 1

Possession

At Closing: 1 Tenants Rights: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Utility Suppliers

Charleston Water Service: 1 Dominion Energy: 1

Property Features

SqFt Source: Builder/Owner Roof: Architectural; Asphalt Shingle; Metal Exterior: Wood Siding Foundation: Crawl Space Driveway: Gravel Architectural Style: Duplex; More than 4 Cooling: Central Air Heat: Electric Sale Includes: All Furniture; Building and Land Tenant Pays: No Utilities Proposed Financing: Cash; Other (Use Agent Notes) Possession: At Closing; Tenants Rights Utility Suppliers: Charleston Water Service; Dominion Energy
Listing Office: AgentOwned Realty Charleston Group
IDX
Last Updated: April - 07 - 2022
Broker Attribution: 843-769-5100

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


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