62 1/2 Cannon Street, Charleston, SC 29403 (MLS# 24012317)

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62 1/2 Cannon Street, Charleston, SC 29403

$2,390,000
Property Type: Residential Bedrooms: 6 Baths: 6 Square Footage: 3,450 Lot Size (sq. ft.): 4,356 Status: Active Contingent
Current Price: $2,390,000 List Date: 5/15/2024 Last Modified: 5/25/2024

Description

Excellent investment opportunity in legal STR district! Large duplex located in the heart of Charleston's highly sought-after Cannonbourgh Neighborhood, a short term rental (STR) overlay district, 62 ½ Cannon Street offers a perfect opportunity for investors or homeowners seeking an income producing property. Situated within walking distance of King Street shopping, neighborhood coffee shops, bars and restaurants, this 1880's multi-family home is ideal for enjoying the best that Charleston has to offer. In 2015, the home underwent a complete renovation with a legally permitted 1100 square foot addition bringing the total to 3450 square feet. It contains six bedrooms, six full bathrooms, four full gas range kitchens with full size refrigerators, and 3 washer/dryer hookups.

Supplements: Custom cabinetry and decorative elements are crafted from salvage material from the renovation, making for a one-of-a-kind look throughout all parts of the building. The front part is the larger historic section of the house featuring exposed brick chimneys, high ceilings and original heart pine floors. On the lower level you can enjoy a wide front porch facing the street with a view of the famous Sugar Bakeshop. From under the painted transom window and original front door with original doorbell hardware you will find a washer/dryer space, a huge front bedroom to one side and an expansive open-plan kitchen and living room. Two bathrooms with unique hand-picked marble and old-growth lumber complete the aesthetic. Upstairs features the same attention to detail. All hardware is either painstakingly restored or carefully replaced with period reproductions. Beautiful modern bathrooms will offer a comfortable a luxurious experience, while new appliances will make cooking and cleaning enjoyable. As with downstairs, there is a substantial one-bedroom apartment and this one includes an artistically preserved claw-foot tub from the original house that acts as a shower and bath. The back porch is ideal for a hammock, and with the wraparound balcony, the front porch is ideal for a relaxing evening in a secluded private space. One of the gems of this house is the third-story sunroom and full floor size roof deck in the 2015 addition, singular among houses of this area. This versatile space can be used for entertaining, everyday coffee or sunbathing. The lot has the ability to accommodate three rows of two cars for a total of six off-street parking spaces, which is almost unheard of in this neighborhood.

More Information MLS# 24012317

Contract Info

Sub-Type: Single Family Detached MLS List Date: 2024-05-15 Status: Active Contingent List Price: $2,390,000 Current Price: $2,390,000

Location, Tax & Legal

Tax Map #: 4600803037 Street #: 62 1/2 Street Name: Cannon Street Suffix: Street County: Charleston State: SC Zip Code: 29403 Area: 51 - Peninsula Charleston Inside of Crosstown Tax District: 71 - City of Charleston Subdivision: Cannonborough-Elliotborough Elementary School: Mitchell Middle School: Simmons Pinckney High School: Burke Legal Description: 62 CANNON Directions: King Street to right on Cannon home is on the right Rutledge to left on Cannon home on left

General Property Info

Bedrooms: 6 Primary Bedroom – Main Level: Yes Baths - Full: 6 Baths - Total: 6 Stories: 2 Primary Structure Apx SqFt: 3450 Ownership: Fee Simple Year Built: 1885 Acreage: 0.1 Number of Units: 2 Other Structures Y/N: No Potential Short Sale: No C/R: No Lease Purchase: No HOA Fee: No

Tax/Fees

Special Assessment: No Taxes: 10624

Office/Member Info

Buyers Agency Compensation: 2.5 Buyers Agency Compensation Type: %

Property Features

SqFt Source: Tax Records SF Detached Style: Charleston Single Lot Description: Level Misc Exterior: Balcony; Porch - Front Porch Exterior: Wood Siding Foundation: Raised Slab Garage/Parking: Off-Street Parking Stories/Levels: 2 Stories Misc Interior: Ceiling - Smooth; Ceilings - 9'+ New Owned: Pre-Owned Rooms: Living/Dining Combo; Loft Primary Bedroom: Downstairs Cooling: Central Air Floors: Ceramic Tile; Wood FP Desc/Location: Bedroom; Family Room; Living Room Equipment/Appliances: Electric Dryer Hookup; Gas Range; Refrigerator; Washer Hookup Water/Sewer: Public Sewer; Public Water Heat: Heat Pump Possession: At Closing Utility Suppliers: Charleston Water Service; Dominion Energy Proposed Financing: Any Assumable: No
Listing Office: Hayden Jennings Properties
Last Updated: May - 25 - 2024
62 1/2 Cannon Street, Charleston, SC 29403- MLS# 24012317
The listing broker’s offer of compensation is made to participants of the MLS where the listing is filed, as well as participants of MLSs via the Southeast MLS Alliance data share.

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