Mixson is a new urbanist community located in Park Circle, a red hot neighborhood in North Charleston.  With 44 acres of property available for building, selling the first phase, The Village, is a critical task.

Jamestown has made a new, massive, financial and resource-laden commitment to the future of Mixson.  There were countless improvements to the grounds and available units, and are now combined with incredible new pricing.  In conjunction with this “new beginning”, Jamestown chose Simplistate to represent the units on the open market.  Seth Siegler, Simplistate’s Broker in Charge is a Mixson resident and an EcoBroker.  Being able to convey the concept of the neighborhood as well as the benefits of true green construction are critical and we’re excited to be able to effectively do that.

Eventually, Jamestown hopes to develop Mixson into a thriving community of residents, shops, restaurants, galleries and more.  For now, there are 18 homes and 7 have been previously sold.  With incredible pricing, tons of new landscaping, some home upgrades and more, this is a golden opportunity to get a great house.  (but hurry…… we’re already discussing purchase details with two new buyers…)

We could not be more excited for this opportunity.  Prices range from $99,000 to $230,000. Click Here to see all available listings.

All proceeds benefit the Charleston Animal Society.  There are lots of cool events planned, including a walk around the park to raise money for the cause.

The walk kicks off at 10 am and the rest starts at 11 and goes until 3:00.  I’ll be there for sure, with my Golden Retriever, Biscuit.  See you there!

Click Here for Event Info

We strive to use the last technology and old-fashioned friendliness to bring you the best real estate services.

Let us know how we can help you. Info@simplistate.com

Also, check out our sister site: DeweesRentals.com.

100 Haddrell Street, closed last week for $7.5 Million Dollars.  What recession?

Perched on the corner of Shem Creek and Charleston Harbor, this house really does have it all.  Worth $7.5 Million?  That’s a lot of money but I’d say, yes, this house IS worth that much.

I did a search in the MLS for any houses sold over $7 Million in the Charleston area and only four results came up.  Two were downtown and one was on Kiawah.  This makes the fourth.

The previous high of $7.5 Mill was set back in 2000 by a 6600 sq foot Kiawah Island house.

For those curious, if the buyer agent did in fact receive a full 3% commission, (which nobody knows for sure) he would have taken home a check for $225,000!  And sadly no, it was not me…

But that’s not the most shocking number associated with this house.  How much would a mortgage cost on $7 Million or so?  Try about $37,000 a month!

The house is bank owned.  (a foreclosure)

On the surface, it appeared to be in amazingly fantastic condition.  The appliances in the kitchen were brand new!  They still had the owners manuals hanging on them.  This is becoming a somewhat common practice.  Banks know that kitchens help to sell houses and they seem to have forged strong relationships with Whirlpool as almost every bank owned house I show these days, has brand new Whirlpool appliances!

So we made an offer, did some back and forth negotiation, and quickly came to terms on a great price.  All banks that sell foreclosed homes, insist on AS-IS clauses.  Standard practice.  You can still have inspections done and make the contract contingent upon it but don’t expect the bank to fix things….

We had an inspection and everything looked pretty good except the air handler for the HVAC system.  That appeared to be shot!  Not good…  These things are very expensive!  And no buyer would ever be able to purchase this house with an FHA loan.  (FHA loans require the house to be in almost perfect condition)

It looked like we were going to have to pull out of the deal and move on.

As a last ditch effort, I made a plea to the listing agent.  I let him know that the HVAC system required a new air handler.  My buyers would not be able to purchase it since they were going with an FHA loan.  BUT, it also meant that NO buyer could purchase the house and since it’s in the mid $150K’s it’s VERY likely that most future buyers would want to go this same route.

That puts the selling bank in an interesting position…  They could be looking at being stuck with this house for a very long time.  Disclosing the broken air handler to all future buyers and waiting for someone to purchase the house in cash as an investment….

My last ditch effort WORKED.  We were able to get the bank to front the money to replace the air handler.

While more times than not, as-is WILL mean as-is, sometimes when it all comes down to selling a house now or waiting many more months to find a new buyer, sellers can be convinced to make certain repairs.

Check it out. The helicopter shoots are INSANE.

Click here to check out the opportunity for a great adventure and relaxing vacation.

According to a national survey commissioned by Prudential Real Estate which revealed consumers are optimistic overall regarding the real estate market and see rising value in property, indicating that 65% of current shoppers are unaffected by the expiration of the tax credit and will continue shopping.

Read the full story here.