2 months on rocket

705 S Magnolia St, Summerville, SC, 29483

$2,100,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths, 1 Partial
4,700 SqFt
$447/SqFt
House

Location

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705 S Magnolia St, Summerville$2,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Parking2 Car Garage, Attached, Off Street, Other (Use Remarks), Garage Door Opener
Attached Garage2 spaces
Year Built1988
HeatingForced Air, Natural Gas
CoolingCentral Air
FireplaceBedroom, Dining Room, Living Room, Other (Use Remarks), Three +, Wood Burning
MLS #24024469
Lot Size0.51 Acres
StatusActive

About 705 S Magnolia St

Located in Historic Summerville, this one of a kind property is home to a successful bed and breakfast with tons of upgrades! Two completely separate residences reside on the private and professionally landscaped 1/2 acre lot. The 5 bed 4.5 bath roughly 4700 sq ft main home has 3 levels with an elevator and a separate presidential suite with its own separate access. Upon entry you are greeted with a beautiful foyer and staircase with a living room to the left with wood burning fireplace and dining room to the right. Straight ahead through the hallway you will find the primary suite to the left with full bathroom. To the right, past the elevator and half bath, you will find a gourmet kitchen with upgraded marble countertops, stainless steel appliances, double ovens, gas stove, huge island and plenty of storage. Past the eat in kitchen space is another living room area with a bar that leads to a screened patio. Downstairs is a large laundry/craft area with a sink and newer water heater. One door leads to an oversized 2 car garage, another leads to additional garage storage, an office/mancave, and the presidential suite which are both not included in the square footage but are heated/cooled. There are covered patios off of the office and suite with their own separate entrances. The top floor has new wood flooring, 2 bedrooms with full bathrooms, a supply closet, elevator, and library nook with a massive hidden storage space behind the bookshelf. The elevator was completely rebuilt 2 years ago, can fit 2 people, and services all three levels. The 4 bed 3.5 bath roughly 2000 sq ft separate cottage has 2 entrances with 2 covered patio areas and a lifetime metal roof. One is an apartment with a full kitchen, living room, dining room, laundry, 2 bedrooms and 1.5 baths. The other entrance has a set of stairs leading up to 2 separate bedrooms, each with full bathrooms. The fenced backyard is beautifully manicured, has a new pavilion with custom outdoor fireplace and can accommodate up to 80 guests for events. You can easily fit 15 cars in the parking lot not including the garage or ample on street parking, and an additional 100 guests can fit in this side lot with added tents. Upgrades include a new tankless water heater, HVAC air purification system, Pella windows, and more. There is truly too much to list. Schedule your private tour today and come see for yourself all that this exceptional property has to offer!

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage, Traditional
  • Year Built: 1988
  • Stories: 3
  • Living Area: 4,700 SqFt

Listing Office:

  • Office Name: Redfin Corporation

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Laminate, Wood
  • Interior: Ceiling - Blown, Ceiling - Smooth, High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Wet Bar, Ceiling Fan(s), Eat-in Kitchen, Family, Formal Living, Entrance Foyer, Living/Dining Combo, Loft, In-Law Floorplan, Office, Separate Dining, Utility
  • Fireplace: Bedroom, Dining Room, Living Room, Other (Use Remarks), Three +, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Elevator Shaft, Lawn Irrigation, Lawn Well, Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: 2 Car Garage, Attached, Off Street, Other (Use Remarks), Garage Door Opener

Virtual/3D Tour

  • 3D Tour: 705 S Magnolia St
3D Tour

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.51 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take Highway 17a Into Downtown Summerville From 26-take The First Left Passed The Railroad Tracks And Then The First Right Onto S. Magnolia. Home Will Be On The Left Before The High School.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
  • Price Per SqFt: $447/SqFt

Tax Information:

  • Annual Amount: $5,527
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Summerville, SC.

Med. Sold Price

$390.1K

Med. Price/SqFt

$194

# of Sold Homes

271

705 S Magnolia St vs Summerville

63 DAYS ON ROCKET

$2,100,000

+$1.7M More

$447/SqFt

+$252 More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $252/SqFt more than other homes in Summerville, SC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24024469

Listing Office:

  • Office Name: Redfin Corporation

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the CHS Multiple Listing Service. Those properties marked with the CHS MLS Approved logo are provided courtesy of the CHS MLS Broker Reciprocity Database. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data deemed reliable but not guaranteed accurate by the MLS.
Copyright © 2024 Charleston Trident Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 08, 2015Home Sold
$428,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,527$16,010

History based on county public records data.

Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,362

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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.

Nearby Schools

school-card-donut-791943
6
/10
  • James H. Spann Elementary School

  • 901 John McKissick Way

  • 0.12 miles

  • Public District Grades PK-5

school-card-donut-791944
7
/10
  • Summerville Elementary School

  • 835 S Main St

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-791945
4
/10
  • Alston-Bailey Elementary School

  • 820 W 5th North St

  • 1.54 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $107,955. The majority of Summerville, SC residents have income between $100k-200k annually. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Summerville, SC

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Summerville, SC?

Summerville's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences. The architectural styles in the area range from charming historic homes to contemporary new constructions. Single-family homes are the most prevalent, providing a suburban feel to the community. The homeownership rate in Summerville is robust, with a significant majority of residents owning their homes, while a smaller portion of the population opts for renting.

What are the advantages of living in Summerville, SC?

Summerville is celebrated for its small-town charm and community-oriented atmosphere. The area is known for its annual Flowertown Festival, which showcases the town's rich cultural heritage and love for nature. The historic downtown area, with its local boutiques and eateries, contributes to the town's quaint character, while the surrounding natural landscapes offer a serene backdrop to daily life.

Are essential services in Summerville, SC convenient?

The community is served by a number of public schools, including several elementary, middle, and high schools, as well as private educational institutions, providing a range of options for families. Healthcare services are accessible, with local clinics and a hospital that offers various medical services. Summerville also features a public library system that supports the community's educational and informational needs. Retail and dining options reflect the local culture, with a blend of familiar chains and unique local businesses.

How do Summerville, SC residents get around?

Transportation in Summerville includes a network of roads and highways that connect residents to nearby cities and attractions. Public transportation options are available, providing connectivity within the town and to surrounding areas. The community is also served by ride-sharing services, enhancing mobility for those without private vehicles. Certain areas of Summerville are known for their walkability, particularly the historic downtown district, while other parts are more car-dependent.

Frequently Asked Questions About 705 S Magnolia St

What is the listing price of this property?

The listing price of 705 S Magnolia St property is $2,100,000.

What type of property is this?

The property 705 S Magnolia St is a house located in Summerville, South Carolina, 29483.

Is this property for sale now?

Active Listing: 705 S Magnolia St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,527 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 8, 2015 for $428,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 705 S Magnolia St has 5 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 705 S Magnolia St is 4,700 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 705 S Magnolia St is 1988.

Rocket Homes›South Carolina›Dorchester County›Summerville›29483›705 S Magnolia St

This home is located at 705 S Magnolia St in Summerville, SC and zip code 29483. This 4,700 square foot home, which was built in 1988, sits on a 0.51 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $2,100,000.

In October 2024 more than 55 listings in Summerville, SC were sold above the asking price. During the same period more than 83 listings were sold at asking price, while more than 133 were sold below. Between September 2024 and October 2024, Summerville, SC real estate market has seen increase in the number of listings by 6.3%.

From Rocket Homes Real Estate and based on county public records data.

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