Downtown Charleston FYI: Home Prices in Wagener Terrace
November 16, 2009
Lately we have been looking at downtown Charleston SC home prices, and been focusing on stately older - like 200-years or more - downtown ‘hoods like French Quarter, Ansonborough and others. Let’s take a break from “picture postcard Charleston” and take a look at a slightly newer neighborhood popular with Charleston’s young professional crowd: Wagener Terrace.
Wagener Terrace is located on the Downtown Charleston peninsula, just above the Crosstown close to The Citadel and Hampton Park. It is definitely a neighborhood on the move. Whatever your feelings about gentrification, it’s going strong in Wagener Terrace. One by one, faded craftsman bungalows are being restored to their former charm. They are also being upgraded with newfangled amenities like "a second bath" and even "closets."
Lots in Wagener Terrace range from the small to the itty-bitty. Remember, though, you have a well-kept, well-used 70-acre city park right next door for running, cycling or walking the dog. And new, larger homes with classic styling are also popping up along the marsh and river that offer terrific views.
So let’s go to the listings and see how much this vibrant urban charm will set you back:
We have the typical scale-bender at the top of the list: a 14,000 sq ft brick home on St Margaret Street that appears to be a renovated school. I’m just guessing – but it does have a cafeteria inside! Anyway, it has 13 beds and 8.5 baths and a list price of $925K.
With $925K as the scale-bender, you are beginning to see that Wagener Terrace is pretty affordable for the young professional (like a Boeing engineer, perhaps?) The rest of the listings start with a 6 bed, 2 bath traditional with 3400 sq ft for $599K. About 30 listings later you reach the $250K mark, a 3-bed bungalow with 1600 sq ft.
There are less expensive listings but, frankly, at this level you are reaching the "yet to be's"…the ones waiting for their rebirth. But hey, if you have another $75K left over from the purchase, and a love of drywall dust and sweaty contractors, then go for it!
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