48 Bull Street, Charleston, SC 29401

$5,995,000
Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 6,513 Lot Size (sq. ft.): 33,106 Status: Active
Current Price: $5,995,000 List Date: 3/23/2022 Last Modified: 8/24/2022

Description

Amazing opportunities await with this unique 3/4 acre circa 1815 property in downtown historic Charleston. Rarely does a property like this come along in Charleston. Option 1: Purchase for investment purposes. The main historic fully renovated home features 6,000 +/- sq ft and is divided into two luxurious income-producing rental units. Unit A and B have been meticulously renovated with modern finishes while maintaining the historic fabric. 12 foot Heart Pine beamed ceilings and exposed brick walls compliment light filled rooms from three exposures. Marble counter tops, Perrin and Rowe fixtures, Wolf and Sub Zero appliances are just some of the elegant features that blend the modern and historic architecture.

Supplements: Each ~3,000 sq ft unit consists of 3 bedrooms and 3 1/2 baths. Four tankless water heaters and 6 HVAC units keep all occupants comfortable and well served. Unit A is currently rented with an NOI of over $100k/year. Enjoy your front yard from the large porch set back 50 ft from the street. Option 2: Combine the property to its original circa 1815 grandeur and create a one-of-a-kind private compound with a 6 bedroom 6 bath en-suite residence and by incorporating the rear lot. An incredible option to build your own compound, guest house, pool, or whatever you desire to have a private and rare estate steps from King Street. Option 3: Use the rear lot in addition to the main house to develop three to four single family homes. Well known architect Robbie Marty has designed plans that are ready for fine tuning prior to submission to the city. Development plans available upon request. Keep the main house for income or residence and have an option to create a unique enclave of additional homes behind. Centrally located in the middle of the peninsula and within 3 blocks to historic King Street shopping and award winning restaurants. A short stroll to the Marina, MUSC and The Battery all while surrounded by historic homes and churches. Truly something to admire.

More Information MLS# 22007155

Contract Info

Sub-Type: Single Family Detached MLS List Date: 2022-03-23 Status: Active List Price: $5,995,000 Current Price: $5,995,000 List Price/SqFt: 920.47

Location, Tax & Legal

Tax Map #: 4570302028 Street #: 48 Street Name: Bull Street Suffix: Street County: Charleston State: SC Zip Code: 29401 Area: 51 - Peninsula Charleston Inside of Crosstown Tax District: 71 - City of Charleston Subdivision: Harleston Village Elementary School: Memminger Middle School: Simmons Pinckney High School: Burke Legal Description: 48 & 50 Bull Directions: Head west on Broad St toward Church St, Turn right onto Logan St, Turn left onto Coming St, Turn left onto Bull St. House on right.

General Property Info

Bedrooms: 6 Baths - Full: 6 Baths - Half: 2 Baths - Total: 7 Stories: 2 Apx. SqFt: 6513 Ownership: Fee Simple Year Built: 1815 Acreage: 0.76 Potential Short Sale: No HOA Fee: No

Tax/Fees

Special Assessment: No

Property Features

SqFt Source: Previous Listing; Tax Records SF Detached Style: Traditional Lot Description: .5 - 1 Acre Misc Exterior: Deck; Fence - Private; Porch - Front Porch Roof: Metal Exterior: Stucco Foundation: Basement Garage/Parking: Off-Street Parking; Other (Use Remarks) Stories/Levels: 2 Stories Misc Interior: Ceiling - Beamed; Ceiling - Blown; Ceilings - 9'+; Kitchen Island; Walk-In Closets New Owned: Pre-Owned Rooms: Eat-In-Kitchen; Laundry; Living/Dining Combo Master Bedroom: Multiple Closets; Upstairs Cooling: Central Air Floors: Wood Equipment/Appliances: Dishwasher; Dryer; Gas Range; Microwave; Refrigerator; Washer Water/Sewer: Public Sewer; Public Water Heat: Heat Pump Possession: At Closing; Negotiable Showing Instructions: Contact Listing Agent Utility Suppliers: Charleston Water Service; Dominion Energy Proposed Financing: Cash; Conventional Loan Assumable: No Green Features: Tankless Water Heater

Supplements

Each ~3,000 sq ft unit consists of 3 bedrooms and 3 1/2 baths. Four tankless water heaters and 6 HVAC units keep all occupants comfortable and well served. Unit A is currently rented with an NOI of over $100k/year. Enjoy your front yard from the large porch set back 50 ft from the street. Option 2: Combine the property to its original circa 1815 grandeur and create a one-of-a-kind private compound with a 6 bedroom 6 bath en-suite residence and by incorporating the rear lot. An incredible option to build your own compound, guest house, pool, or whatever you desire to have a private and rare estate steps from King Street. Option 3: Use the rear lot in addition to the main house to develop three to four single family homes. Well known architect Robbie Marty has designed plans that are ready for fine tuning prior to submission to the city. Development plans available upon request. Keep the main house for income or residence and have an option to create a unique enclave of additional homes behind. Centrally located in the middle of the peninsula and within 3 blocks to historic King Street shopping and award winning restaurants. A short stroll to the Marina, MUSC and The Battery all while surrounded by historic homes and churches. Truly something to admire.
Listing Office: Robertson Howland Properties
Last Updated: August - 24 - 2022
48 Bull Street, Charleston, SC 29401- MLS# 22007155
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.

Share this.