Unbeatable location! Situated 1/2 a block from King Street's most popular restaurants, bars, and shopping, 40 Spring Street A&B is a permitted short-term rental duplex with an impressive rental history. Unit A consists of 3BD/3BA and Unit B consists of 3BD/3.5BA, with the ability to sleep a total of 16 guests. Each unit is sold fully stocked and furnished, has its own outdoor living space, and the property comes with 6 off-street parking spots in the rear. *LEGAL & LICENSED BY THE CITY OF CHARLESTON, PERMIT 04283 + 04284*This property is part of a partial portfolio sale consisting of the following addresses: - 90 Spring Street A&B (8BD/6.5BA) TMS:460-08-03-181 - 60 & 60 ½ Cannon Street (16BD/13BA) TMS: 460-08-03-038 Combined, 60 A: 460-08-03-240, 60 B/C: 460-08-03-241 & 460-08-03-242, 60 ½ A: 460-08-03-243, and 60 ½ B: 460-08-03-244 - 65 Spring Street (commercial space) TMS: 460-08-03-053
Property Details
Property Features
Property Information:
Year Built: 1900
Stories: 2
Living Area: 2,711 SqFt
Listing Office:
Office Name: The Boulevard Company
Interior Features
Interior Information:
Interior: Ceiling Fan(s)
Bedroom and Bathroom Information:
Total Bedroom Count: 6
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Other
Other
Directions Information:
Directions: From King Street Turn Onto Spring Street.
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Price Per SqFt: $1,014/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Charleston, SC.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.7K
Per Month
Principal & Interest
$13.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,311
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Julian Mitchell Elementary School
2 Perry St
Distance between this listing and this school0.34 miles
Public Magnet Grades PK-5
4
/10
Charleston Progressive
382 Meeting St
Distance between this listing and this school0.35 miles
Public Magnet Grades PK-5
2
/10
Sanders Clyde Creative Arts Elementary School
805 Morrison Dr
Distance between this listing and this school0.63 miles
Public District Grades PK-5
Nearby Schools
1
/10
Simmons-Pinckney Middle School
244 President St
Distance between this listing and this school0.61 miles
Public District Grades 6-8
9
/10
Buist Academy
103 Calhoun St
Distance between this listing and this school0.70 miles
Public Magnet Grades 1-8
7
/10
Charleston Development Academy
233 Line St
Distance between this listing and this school0.75 miles
Public Charter Grades PK-8
Nearby Schools
3
/10
Burke High School
244 President St
Distance between this listing and this school0.68 miles
Public Magnet Grades 9-12
7
/10
Charleston Charter School for Math and Science
1002 King St
Distance between this listing and this school0.84 miles
Public Charter Grades 6-12
1
/10
Greg Mathis Charter High School
2872 Azalea Dr
Distance between this listing and this school3.99 miles
The neighbors living near this home have an average income of $44,354. The most common annual income of people living in Charleston, SC is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 40 Spring St Unit A & B
What is the listing price of this property?
The listing price of 40 Spring St Unit A & B property is $2,750,000.
What type of property is this?
The property 40 Spring St Unit A & B is a house located in Charleston, South Carolina, 29403.
Is this property for sale now?
Active Listing: 40 Spring St Unit A & B is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 40 Spring St Unit A & B has 6 bedrooms.
What is the square footage of this property?
The property 40 Spring St Unit A & B is 2,711 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 40 Spring St Unit A & B is 1900.
Interested in 40 Spring St Unit A & B? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 40 Spring St Unit A & B in Charleston, SC and zip code 29403 in the The Peninsula neighborhood. This 2,711 square foot home, which was built in 1900, sits on a 0.09 acre lot. Features: 6 bedrooms. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $2,750,000.
In November 2024 more than 30 listings in Charleston, SC were sold above the asking price. During the same period more than 50 listings were sold at asking price, while more than 141 were sold below. The number of homes for sale in Charleston, SC increased by 0.8% between October 2024 and November 2024.
From Rocket Homes Real Estate and based on county public records data.
NBA/WNBA
NBA/WNBA
Continuing Education Courses
Soccer
Express/Express For Men
Forever 21
H&M
Starbucks
Qdoba
Dominos Pizza
Pontiac
Volkswagen
Mazda
Urban Contemporary
Rhythmic Contemporary Hits