208 Ashley Ave #C Charleston, SC 29403

Listing details for 208 Ashley Ave #C, Charleston, SC 29403 : PLEASE READ FULL REMARKS - 50K CONCESSION - Non-conforming condo price has been slashed for a quick sale, however... it calls for a cash buyer. HERE'S WHY: This condo had a horizontal property regime established approximately 12 years ago, but, the HOA bank account was never funded. This will make it difficult for a loan. This is why the seller is offering the property this far below market value (recent appraisal for $364,000 and unit A, a 943 sqft unit, sold for $268,000 in July of 2018 - this one is almost double that with more bedrooms) - - - There are a total of three condos in the building, and two of them are owned by the same person. The other member of the condo community has indicated the willingness to establish a monthly payment schedule, however, this is not guaranteed and isnot a conversation the seller will facilitate prior to sale. For this reason, the seller, with an acceptable offer, will fund the HOA account, as a credit toward unit C's regime obligation with $50,000 from Seller's proceeds at closing. A portion will be used to to pay the first year's insurance premium on the entire building and the balance of the 50k (as stated), will be used to fund the condo HOA account at closing for the buyer's portion of the building. The new owner can then choose to work with the other owner to establish a reasonable regime budget to pay for property insurance and any other common costs that they mutually agree to after closing. This unit has hardwood floors, 1 bedroom downstairs, 2 bedrooms upstairs with a full bath and a bonus room that has been used in the past as a fourth bedroom. There is not off street parking, but there are monthly parking spots nearby to the best of the seller's knowledge. The seller has no details of flood costs or other insurance costs on the building. This is to be established by the new owner at closing. The HOA documents are uploaded into the documents section fo the MLS. CASH ONLY SALE to be sold completely as-is with no repairs made to the interior or exterior of the building.