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Charleston Market Updates

2020 Sold Listings

By Charleston Market Updates

Sold: $690,000 – 16 Jamaica Drive, Charleston, SC 29407

Ideally located in South Windermere it has the charm and characteristics of a Vintage Home but the amenities and aesthetics of new construction. The first floor features hardwood floors, two gas fireplaces and a dream kitchen with quartz countertops, Carrara marble backsplash, stainless appliances including a 36” dual fuel range and a center island that serves double duty as a cooking prep space and dining table. The kitchen is open to the family room that has one of the two gas fireplaces.

Sold: $895,000 – 2830 Anchor Watch Drive, Wadmalaw Island, SC 29487

Stunning custom-built home situated on a beautiful 3-acre lot in Anchorage Plantation. This attractive Flatfish Design was constructed in 2018 by Jackson Construction featuring 5 bedrooms, 4 full baths with plenty of porch space and a large travertine pool/patio area complete with a full bar and outdoor kitchen. No expense was spared on the gunite saltwater in-ground pool, which is equipped with a heater/chiller and a hot tub. The large 2-car garage provides plenty of storage and room to park 4+ cars. The master bedroom is located on the first floor of living space featuring his/her walk-in closets, large tile shower, and freestanding soaking tub. The open kitchen is outfitted with Jenn-Air stainless appliance package, 36” inch gas range/hood, custom cabinetry, and granite countertops
Sold: $675,000 – 4440 Spruill Avenue, North Charleston, SC 29405
This immaculate Park Circle commercial space is available is smack dab in the middle of Park Circle’s booming Commercial district! Beautifully renovated and comprised of the following 3,600 square feet, you will find this building move in ready and the perfect live, work, play scenario for any business owner or investor! The Office Space is 1200 square feet completely tiled and in pristine condition. It offers a waiting room, reception area, two half bathrooms, three offices (two are large enough to be a conference room and/or break room.) and a storage area. The office space has its own entrance and also connects to the warehouse adjacent.

Sold: $552,500 – 4219 Club Course Drive, North Charleston, SC 29420

Beautiful 4,100 square foot brick home in Coosaw Creek Country Club situated on a large, private golf course-front lot. This stunning custom-built home has been meticulously maintained and features abundant, open living space throughout with vaulted ceilings, two living rooms, large master suite downstairs, and spectacular views of the 6th hole green from the screened-in porch. The gourmet kitchen features granite countertops, custom cabinetry, and stainless appliances with eat-in area. Elegant hardwood floors span throughout the foyer, family room, dining room, master suite, office/sunroom, and FROG. There are two gas fireplaces located in the formal & informal living areas and a large laundry room. The upstairs features a large frog as well as 3 additional bedrooms and 2 full baths.

Sold: $1,010,000 – 263 St Philip Street, Charleston, SC 29403

6 bedroom/4 bath operational str duplex property zoned business in short term overlay. at the time of sale upstairs unit was being used for str purposes solely. property is in need of updating and new owner plans to renovate & str both units upon completion.

Sold: $695,000 – 1300 Old Brickyard Road, Mount Pleasant, SC 29466

Stunning brick home in Brickyard Plantation situated on 1/2 Acre, private lake-front lot and just steps from the neighborhood boat landing. This custom-built home, which has been meticulously maintained by it’s original owner, features abundant natural light, open living space throughout with vaulted ceilings in the kitchen/master suite located downstairs, 2-car attached garage, and beautiful lake views from the screened-in porch

Sold: $665,000 – 1593 Rivertowne Country Club Drive, Mount Pleasant, SC 29466

This elevated home has many wonderful features including a full front porch, grand staircase, beautiful chandeliers in the foyer and dining room, 2 fireplaces, built in shelving, high ceilings large deck, porch, dual master bedrooms with double sinks, separate shower. All this and much more!

Sold: $1,202,500 –519 Carolina Boulevard, Isle of Palms, SC 29451

 Luxury living meets classic beach bungalow in this newly renovated (2020), elevated coastal cottage just 1 block from the beach on the coveted south end of Isle of Palms. This home sits in between two of the best beach accesses on the island. 5th Avenue is one of two accesses with a 4-way stop and a short, flat access to the ocean. Natural light is abundant throughout and the home features an open floorplan with two living areas complete with vaulted ceilings and original hardwood floors. The home underwent extensive renovations in 2019-20 with upgrades including a new kitchen, bathrooms, light fixtures/fans, roof, porches, interior/exterior paint, hot water heater, drive/walkways, privacy fence, mature tropical landscaping, and much more.
Sold: $4,800,000 – 50 Waterway Island Drive, Isle of Palms, SC 29451

‘Simply The Best” Architectural integrity and unique details are found throughout this grand home focusing on issues of design and island lifestyle. Once inside, you’re greeted by unsurpassed views of Morgan Creek. Noting the detail of the huge cypress radius ceiling, it sets the theme for the strength of this home and its offerings! In addition to the flow of natural light, the great room features automatic shades over the sets of sliding glass door panels, fireplace, security cameras (w/live feed to IT system) and surround sound. Plentiful custom cabinets, pull-outs, superb Quartzite surfacing and professional appliances highlight this ”chef’s” kitchen and scullery (w/ dual pantries, bistro-style coffee bar) w/wine bar all with a hint of nautical elegance.

Sold: $595,000 – 151 Line Street A & B, Charleston, SC 29403

Attractive 6 bedroom duplex property with 4+ off-street parking spaces located in Elliotborough. This spacious, separately metered property is ideal for use as an investment property or for a owner-occupant interested in living in one unit while renting out the other. The property could also potentially qualify as an owner-occupant short-term rental pending zoning approval. The interior is well-appointed with 3 bedrooms and 2 full bathrooms on the first floor and 3 bedrooms and 1 full bath on the second floor. The exterior was recently re-painted and both units have strong long/short-term rental history. Walk or bike to numerous dining options in Elliotborough such as Xiao Bao, Chubby Fish, Trattoria Lucca, and many more.

Sold: $649,000 – 1304 Old Brickyard Road, Mount Pleasant, SC 29466

 Stunning brick home in Brickyard Plantation situated on 1/2 Acre, private lake-front lot and just steps from the neighborhood boat landing. This custom-built home, which has been meticulously maintained by it’s original owner, features abundant natural light, open living space throughout with vaulted ceilings in the kitchen/master suite located downstairs, 2-car attached garage, and beautiful lake views from the screened-in porch. Elegant hardwood floors span the first floor and there is a gas fireplace in the living room. The spacious master bedroom suite has private deck access as well as a recently updated master bath complete with granite countertops, new dual vanity, lighting, tile shower, soaking tub, and large walk-in closet with built-in shelving.

Sold: $1,075,000 – 195 Rutledge Avenue A & B, Charleston, SC 29403

Beautiful Victorian home circa 1890 located in the heart of Cannonborough in Downtown Charleston and just steps from MUSC and numerous shopping and dining destinations on Spring/Cannon & Upper King Street. This grand property features 6 bedrooms/5.5 baths and has two separately metered living spaces, both with full kitchens making it perfect for entertaining. There are leases currently in place at $4,500/month for Unit A 8/1/20-7/29/21 and $2,760/month for Unit B from 6/1/20-5/29/21. The lot is also of sufficient size to permit 3 separately metered units. Original hardwood floors, mantles, and moldings are present throughout. There is a 2-story detached garage at the rear of the property perfect for storage or potential conversion into a separately metered living space.

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Matt Anderson Nominated for CTAR Board of Directors

By Charleston Market Updates

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The Charleston Trident Association of Realtors (CTAR) 2017 Nominating Committee has recently released their recommendations for the 2018 CTAR Board of Directors. CTAR is the primary source for real estate services in Charleston and all of the Lowcountry.

About The CTAR Board of Directors

CTAR has served as the “voice of real estate” in the Lowcountry for over 100 years by providing relevant statistics for current market conditions, offering legislative support and serving as the leading resource for all things real estate in the Lowcountry.

The CTAR Board of Directors provides leadership and guidance to all its Realtor® members and is an active component in the real estate community as a whole. CTAR is devoted to maintaining a code of ethics for all of its members in order to protect and promote the interests of real estate clients and customers.

As a Realtor® member of CTAR for more than a decade, Matt Anderson is committed to bringing his real-world expertise to the CTAR Board of Directors. He has been recognized as a top 10% producing realtor in Charleston with the Realtor of Distinction – Executive Circle award.  In working with Residential, Multi-Family, and Commercial investors/developers, he has gained extensive knowledge in all of the major facets of the Charleston real estate market.

His passion lies in the adaptive reuse of historically significant and urban infill projects on the Peninsula. Matt’s comprehensive knowledge of the entitlement, Board of Architectural Review (BAR) and Board of Zoning Appeals (BZA) processes have aided him as well as his clients with the marketing and sale of their primary, secondary, and investment properties.

Read more about the CTAR Board of Directors Recommendations

Email Matt

 

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Investment Properties in Downtown Charleston SC – The Time to Buy is Now

By Charleston Market Updates

Ever had the itch to become a property mogul or found yourself glued to the TV for hours watching re- runs of Million Dollar Listing or Flip This House? I hate to admit it, but I am guilty. With the increase in stock market volatility surrounding the election and the debt crisis in the Euro zone, many are looking for an alternative form of investment. Investors are ditching their Mutual Funds and low yield savings accounts in favor of a more tangible asset, real estate. Taking things a step further, real estate investors are focusing on markets that are showing signs of growth while still being affordable. This is where Charleston enters the picture. With the influx of positive press and industrial/technological growth in recent months, businesses and investors are taking note. In fact, Charleston was recently voted the #1 City in the World by Conde Nast Magazine. A lofty claim, but I as well as many Charleston natives would argue that our city is finally getting the attention it deserves. With the increase of business activity and tourism, many, both young and old, have decided to make Charleston their home and the real estate statistics prove this point. Year-to-date home sale figures have grown 12% over 2011. On the commercial/investment side of the spectrum vacancy rates are at all time lows, retail/office rent rates are at all time highs, as well as residential rental rates.

How are large real estate developers responding? The answer is simple; they are buying up every site on the Peninsula that they can get their hands on, specifically on the Upper King and Upper Meeting Street corridors. Smaller local development groups have taken note and are doing the same and they all seem to be focusing on three areas: food & beverage, hotels, and student housing. Holiday Inn has identified a new site on Meeting Street, Greystar is working on a mid-rise boutique apartment project dubbed Elan and there are new bars/restaurants opening weekly downtown. This is all part of a master plan for the Midtown area connecting Upper King with Upper Meeting. You might ask, how does this affect you as a smaller real estate investor in Charleston? The answer to this question can be defined in terms of proximity and demand. Unless you are a long –time restaurateur you may want to stay away from this side of the business and unless you have experience as a hotel developer you probably won’t get off the ground . This leaves one clear option; student housing. Limited rental properties on the Peninsula and large number of students attending the MUSC, the College of Charleston, Charleston School of Law, and now the USC satellite campus coupled with low barriers of entry make student house the clear choice for first-time or seasoned investors looking at the Charleston real estate market. Property values are relatively low with high rent rates ($900-1000 per bedroom or more) in many of the neighborhoods directly adjacent to the Upper King/Upper Meeting corridors. Areas such as the Eastside, Cannonborough, Elliottborough, Wraggborough, Ansonborough, Radcliffeborough and Harleston Village are all smart choices.

How do I get started? Rather than spend time driving around and calling off of real estate signs, call me and I will set you up on a search specific to your requirements. I specialize in the purchase and sale of Investment Properties in downtown and have extensive experience dealing with investors needs in the ever-changing real estate market here in Charleston. I can promise you that you will only receive properties that fit your budget and that have the potential for significant financial gain with no filler. Now is the time to invest while the deals are still out there and before real estate prices on the Peninsula adjust to the demand.

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