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

Overview

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 g ...

Listing Details MLS# 18032139

Location, Tax & Legal

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.
Legal Description
201 ASHLEY AVE AND BEE STREET

Contract Info

MLS List Date
2018-12-04
Primary Structure List Price/SqFt
506.99

General Property Info

Number of Units
8
# Stories
3
Primary Structure Apx SqFt
4438
Year Built
1832
Acreage
0.16
Potential Short Sale
No

Status Change Info

Sold Date
2019-01-31
Sold Price/SqFt
487.83
New Mortgage Type
Cash

More Information

SqFt Source

Previous Listing
Yes

Roof

Architectural
Yes
Asphalt Shingle
Yes
Metal
Yes

Exterior

Wood Siding
Yes

Foundation

Crawl Space
Yes

Garage/Parking

Other (Use Remarks)
Yes

Driveway

Concrete
Yes
Other (Use Remarks)
Yes

Architectural Style

More than 4
Yes
Other
Yes

New Owned/Pre-owned

Pre-Owned
Yes

Equipment/Appliances

Ceiling Fan
Yes
Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Central Air
Yes

Heat

Electric
Yes
Heat Pump
Yes
Natural Gas
Yes

Amenities

Bus Line
Yes
Cable TV
Yes
Trash
Yes

Sale Includes

All Furniture
Yes
Building and Land
Yes

Proposed Financing

Cash
Yes
Other (Use Agent Notes)
Yes

Possession

At Closing
Yes
Tenants Rights
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Utility Suppliers

Charleston Water Service
Yes
SCE & G
Yes

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
IDX
Last Updated: May - 12 - 2020
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