$2,165,000
201 Ashley Avenue
Charleston, SC 29403
MLS# 18032139
Status: Closed
4438 sqft


201 Ashley Avenue, Charleston, SC 29403
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Property 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.

Details
Contract Info
MLS List Date: 2018-12-04
Status: Closed
List Price: $2,250,000
Current Price: $2,165,000
Primary Structure List Price/SqFt: 506.99
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.
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
Unit 1
Bedrooms: 2
Baths: 1.5
Unit 2
Bedrooms: 1
Baths: 1
Unit 3
Bedrooms: 1
Baths: 1
Unit 4
Bedrooms: 1
Baths: 1
Unit 5
Bedrooms: 1
Baths: 1
Unit 6
Bedrooms: 1
Baths: 1
Unit 7
Bedrooms: 1
Baths: 1
Unit 8
Bedrooms: 1
Baths: 1.5
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
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 grow with further updating. The property is being sold furnished will original four-poster beds, chandeliers/light fixtures, and all furnishings. Copies of current and previous Profit & Loss statements are available by request.

Listing Office: The Boulevard Company

Last Updated: May - 12 - 2020

201 Ashley Avenue, Charleston, SC 29403 - MLS# 18032139

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About Me

Josiah Williams was born and raised in the Holy City and loves everything the city has to offer. He believes Charleston has something to offer for everyone; whether you enjoy the outdoors, amazing cuisine or the deep history embedded within this great city.

Contact Info

Josiah Williams Real Estate

3103 Ion Avenue
Sullivan’s Island, SC 29482

Direct: 843.860.0858
Fax: 843.881.0824