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1705 Lotus Lane

1705 Lotus Lane, Charleston, SC 29412
Sold Apr 27, 2023
$80,000
$275,000 by Direct Mortgage Loans Llc
Mortgage Due Nov 01, 2050
Sold Nov 13, 2020
$355,000
$275,000 by Direct Mortgage Loans Llc
Mortgage Due Nov 01, 2050
Local assessors in Charleston, SC have categorized 1705 Lotus Lane as a residential type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 6,970 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1705 Lotus Lane has a total of 1,759 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 378 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. The building has a hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Apr 19, 2023 for $80,000. That's $45.48 per sqft. Prior to that sales transaction, the property was also sold in Oct 27, 2020 for $355,000. 1705 Lotus Lane was last assessed in 2022. The total value of the property was assessed at $14,200. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,835. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Multifamily
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 378
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,759
  • Gross Building Area: 1,759
  • Building Area: 1,759
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 1,759
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN NEIGHBORS
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LEGAL DESCRIPTION SUBDIVISION NAME -OCEAN NEIGHBORS DESCRIPTION -LOT 77 PLATSUFFIX EE-260 POLTWP 009

Ownership

  • Current Owner : ALEXANDER DENNIS TIMOTHY
  • Previous Owner : DENNIS TIMOTHY ALEXANDER
  • Previous Owner 2: WRENN MARY KATHERINE
  • Owner Before Previous Owner: FRANKLIN G THOMAS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charleston County School District
  • School Tax School District: CHARLESTON
  • Census Tract: 002009

Geography

  • Assessors Map Reference: MB EE-260
  • District: 35
  • Parcel: 431-00-00-175
  • Lot: 77
  • Municipality: CITY OF CHARLESTON
  • Latitude: 32.6976
  • Longitude: -79.9636

    Address

  • Full Address: 1705 Lotus Ln
  • Address - House Number: 1705
  • Address - Street Name: Lotus
  • Address - Suffix Type: Ln
  • State: SC
  • City Name: Charleston
  • Carrier Code: R073
  • 4-Digit Zip Code: 9654
  • Zip Code: 29412

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,835
  • Tax Rate Code Area: 3-5

    Appraisal Valuation

  • Standard Deviation: 0.2216
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 69
  • Final Value: 621,219
  • High Value: 758,927
  • Low Value: 483,511

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $275,000
  • First Open Lien Mortgage Lender: DIRECT MORTGAGE LOANS LLC
  • First Open Lien Mortgage Recording Date: Nov 13, 2020
  • First Open Lien Mortgage Loan Amount: $275,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $355,000
  • Market Land Value: $162,200
  • Market Improvement Value: $192,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $14,200

    Sales

  • Current Sale Contract Date: Apr 19, 2023
  • Current Sale Recording Date: Apr 27, 2023
  • Current Sale Transaction ID: 11910244430
  • Current Sale Price: $80,000
  • Current Sale Document Type: Quit Claim Deed
  • Previous Sale Recording Date: Nov 13, 2020
  • Previous Sale Contract Date: Oct 27, 2020
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: DIRECT MORTGAGE LOANS LLC
  • Previous Mortgage Transaction Date: Nov 13, 2020
  • Previous Mortgage Loan Amount: $275,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2050

About James Island



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Frequently Asked Questions

What neighborhood is 1705 Lotus Lane located in?
The 1705 Lotus Lane is a house located in the neighborhood of James Island in James Island, Charleston.
What is the average sales price for listings in 1705 Lotus Lane?
The average sales price for units in 1705 Lotus Lane is $365,000 , or $208/sqft. currently.

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