Viewing Listing MLS# 18032139
Charleston, SC 29403
- 9Beds
- N/AFull Baths
- N/AHalf Baths
- 4,438SqFt
- 1832Year Built
- 0.16Acres
- MLS# 18032139
- Multi Family
- Sold
- Approx Time on Market1 month, 26 days
- AreaHistoric Charleston
- CountyCharleston
- SubdivisionCannonborough
Overview
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.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.
Sale Info
Listing Date: 12-04-2018
Sold Date: 01-31-2019
Aprox Days on Market: 
1 month(s), 26 day(s)
Listing Sold: 
5 Year(s), 2 month(s), 29 day(s) ago
Original Asking Price: $2,250,000
Asking Price: $2,250,000
Selling Price: $2,165,000
Price Difference From Original:
Reduced By $85,000
Price Difference From Asking:
Reduced By $85,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Community Features: Bus Line
Bathroom Info
Building Info
Year Built: 1832
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Garage / Parking
Gar Pkg: Other (Use Remarks)
Garage: No
Attached Garage: No
Interior Features
Interior Features: Ceiling Fan(s)
Fireplace: No
Lot Info
Lot Size: 0.16
Lot Size Units: Acres
Acres: 0.16
Lot Sqft: 6969.6
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: B
Stories: 3
Foundation: Crawl Space
Exterior: Wood Siding
New Construction: No
Roof: Architectural, Asphalt, Metal
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: More than 4, Other
Room Info
Beds: 9
Sale / Lease Info
Sold Date: 2019-01-31T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft Info
Sqft: 4438
Unit Info
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 1
Number of Units Total: 8
Unit Bedrooms: 1
Unit Bedrooms: 1
Unit Bedrooms: 2
Unit Bedrooms: 1
Utilities / Hvac
Water Source: Public
Utilities: Charleston Water Service, SCE & G
Heating: Yes
Heat: Electric, Heat Pump
Water Sewer: Public Sewer
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
From Calhoun Street Take Ashley Avenue North To Bee Street. Property Is Located On The Corner Of Ashley & Bee Streets.Courtesy of listing office The Boulevard Company, LLC