11 George Street, Charleston, SC, 29401 | $3,595,000

This stunning 5, 100 sq ft single-family residence, the historic Mary Scott House built in 1813, is located in the highly sought-after Ansonborough neighborhood of Charleston. With 4 spacious bedrooms and 4 bathrooms, this historic home offers an ideal blend of comfort and charm. The property features a well-appointed kitchen, a cozy living room, an elegant dining room, and a welcoming family room. Additionally, there are two finished playrooms, perfect for children or as private retreats. For added convenience, the home includes a mother-in-law or nanny suite, complete with its own full kitchen, living room, bedroom, bath and separate entry, ensuring privacy for guests or extended family. In addition to the main house the property boats a separate 1100 sq ft Carriage House( not part of 5100 sq ft main house ) with two fully furnished 550 sq ft rental units, each with a kitchen, 1 bedroom, 1 bath, and a living room. With a proven rental history, these units average $6, 000 per month, totaling $144, 000 per year. The property comes with legal short-term rental licensing from the City of Charleston, making it a rare find. Parking is plentiful with 8 off-street spaces, and there's room for 2 more, a significant advantage in this vibrant neighborhood. Another incredible attribute of 11 George is the investment flexibility it could provide. The two units can be leased for approximately one hundred and forty-four thousand a year. Additionally there is opportunity to short term rent the mother in law/nanny suit for another seventy two thousand dollars. With over two hundred thousand dollars in income you can live downtown in southern elegance with your expenses covered! Owner will consider selling the main house along with six parking spots separately. Obviously a house of this stature with ample parking is a one of a kind.

Features

  • Amenities: Storage, Trash
  • Bedrooms: 9
  • Baths: 6 full
  • Laundry: Laundry Room
  • Style: Carriage/Kitchen House, Charleston Single
  • Development: 51 - Peninsula Charleston Inside of Crosstown
  • Year Built: 1813
  • Heating: Forced Air
  • Cooling: Central Air
  • Approx Sq. Feet: 6,300
  • Acreage: 0.27
  • Lot Desc: 0 - .5 Acre
  • Elem. School: Memminger
  • Middle School: Simmons Pinckney
  • High School: Burke
  • MLS#: 25019234
  • Days on Market: 212 days
  • Website: https://www.raveis.com
    /eprop/25019234/11georgestreet_charleston_sc?source=qrflyer
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Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Listing courtesy of Land South of Charleston, LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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11 George Street, Charleston, SC, 29401

$3,595,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,876,000 $2,876,000 $2,876,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.154% 5.996% 5.932%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,330 $17,013 $23,883
Total Monthly Payment $16,455 $17,138 $24,008

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.