Great Investment Opportunity! Much Sought after 1 Bedroom/1 Bath Condo with Excellent Long Term Lease History. Currently rented. The Meridian complex is very well maintained, has 33 acres of beautiful grounds, and is 4 miles from Isle of Palm and 1/2 mile from Towne Center shopping. Easy commute to downtown Charleston. This is one of the Silver Package Units which has a fireplace. Located at the BACK of the 2nd floor, it overlooks an expansive lawn and wooded area. A very quiet and private unit. This unit has not been updated and priced accordingly. Heat Pump replaced in 2102. MULTIPLE POSSIBILITIES for use: Retain current renter beyond existing lease term.(Renter has been in unit for several years); Purchase as an alternative to a dorm for student who will be attending local college.Purchase to use as personal primary or secondary home once the current lease expires. One bedroom units do not come on the market often. Low monthly regime covers clubhouse, pool, tennis, picnic/bbq areas, playground and ponds, walk/jog trails, lawn maintenance, trash pick-up, cable tv hook-up availability. Regime fee also includes risk insurance (fire, flood, liability.) Additionally, there is boat storage available for a small fee. A $700 Lender Credit is available and will be applied towards the buyer's closing costs and pre-paids if the buyer chooses to use the seller's preferred lender. This credit is in addition to any negotiated seller concessions.
Listing Date: 05-29-2020
Sold Date: 07-14-2020
Aprox Days on Market: 
1 month(s), 14 day(s)
Listing Sold: 
3 Year(s), 9 month(s), 12 day(s) ago
Original Asking Price: $125,000
Asking Price: $125,000
Selling Price: $120,000
Price Difference From Original:
Reduced By $5,000
Price Difference From Asking:
Reduced By $5,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Clubhouse, Fitness Center, Lawn Maint Incl, Walk/Jog Trails
Fullbaths: 1
Levels: One
Year Built: 1993
Floors: Vinyl
Rent Control: No
Misc Ext: Screened
Pool Private: No
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Desclocation: Living Room, One
Interior Features: Ceiling - Blown, Walk-In Closet(s), Eat-in Kitchen, Family
Fireplace: Yes
Laundry Features: Dryer Connection
Num Fireplaces: 1
Lot Desc: Wooded
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: A
Stories: 1
Foundation: Slab
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Condominium
Beds: 1
Primary Bedroom Features: Ceiling Fan(s), Walk-In Closet(s)
Sold Date: 2020-07-14T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 740
Unit: 1600p
Water Source: Public
Heating: Yes
Heat: Forced Air
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Carolina One Real Estate - 843-779-8660