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Viewing Listing MLS# 22005555

$4,100,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$4,100,000 No Recent Price Change
1156 Russell Drive
Mount Pleasant, SC 29464
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/ASqFt
  • N/AYear Built
  • 4.00Acres
  • MLS# 22005555
  • Vacant Land
  • Active Contingent

  • Approx Time on Market10 months, 30 days
  • AreaMt. Pleasant South of Iop Connector
  • CountyCharleston
  • SubdivisionNone

Overview

This property is in probate, sale is subject to court approval. This offering reflects an existing mobile home park operating for decades at near full occupancy. The majority of tenants have been vacated to allow for increasing pad rates to market, or for residential redevelopment. The property also includes two residential lots that cannot be used for mobile homes, but offer potential for residential development, or resale to recoup the initial investment in the park.The park is accessed via a gravel road through a 25' strip of land passing between the two lots that is under the same ownership. The lots can be sold separately, but their sale will be contingent upon a closed sale of the mobile home park. Each lot will be reduced in size slightly to increase the park access road to 50'.The park alone has potential value of $3,600,000 at market rates while the lots are priced at $550,000 each. The $4,100,000 list price was set by the court.The pads are individually metered for power; common water is provided by the owner. The site is currently served by on-site septic, redevelopment will require sewer from the Town of Mount Pleasant. All zoning, density, utilities, & school information must be verified by the buyer and buyer's agent.*Please note: Wando and Lucy Beckham high schools are under a phase-in structure through 2023 based on grade level. If high school location is vital, call the school district to verify.TMS#532-03-00-022, 030, 031 & 107


Bathroom Info

Lot Info

Lot Desc:  Inside, 2 - 5 Acres

Acres:  4.00

Misc

Auction:  No

Property Info

Uses:  Mobile Home, Residential

Zoning:  Residential

Property Type:  C

Sale / Lease Info

Tax Info

Tax Map:  5320300022

Unit Info

Schools

Elem:  Mt. Pleasant Academy

Middle:  Moultrie

High:  Lucy Beckham

Courtesy of listing office The Guerry Group, LLC 

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Price & Status History (on realestateace.net since Tue, Mar 1st 2022)
  • Original Price: $4,100,000
  • Current Price: $4,100,000
  • Price Reduced: $0
Date ChangedFromTo
11/29/2022ActiveActive Contingent
10/26/2022Active ContingentActive
08/05/2022ActiveActive Contingent
Residential, Land, Other Disclaimer:

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Weichert Realtors Palmetto Coast are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 01-31-2023 11:05 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2023 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2023 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 01-31-2023 11:05 PM EST est.

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