![]() |
A rare opportunity to own one of downtown Charleston's most charming historic Craftsman-style homes. Nestled on a quiet street in an X flood zone, 116 Magnolia Ave seamlessly blends timeless 1940s character with modern luxury. Following a meticulous renovation and restoration in 2022, the owners have since completed additional high-end improvements from 2023 to 2025, ensuring every detail has been thoughtfully upgraded. This 3-bedroom, 2-bathroom gem is just a short stroll from the future Lowcountry Lowline, Hampton Park, and some of Charleston's most sought-after restaurants--a prime location that makes this home even more exceptional. Step through the restored original front door into the light-filled sunporch, the perfect spot for morning coffee or evening cocktails. The spacious living room features beautiful original windows and a classic brick fireplace, seamlessly connecting to the formal dining room through original glass pocket doors. The fully renovated kitchen is a showstopper, boasting marble countertops, a 30" Bertazzoni gas range, Bosch dishwasher, Elica vented range hood, brass fixtures, and locally sourced crystal cabinet hardware. The original wood-framed picture windows bathe the space in natural light while a ceramic heat-reducing film enhances energy efficiency. A door leads directly to the wraparound backyard deck, ideal for al fresco dining and entertaining. Two large bedrooms feature custom window treatments. The third bedroom, perfect for a home office or nursery, connects to the stunning ensuite bath with vaulted ceilings, a marble-tiled shower, quartz countertops, and designer fixtures. Off this space, the renovated laundry room includes soapstone counters, built-ins, and an exterior door leading to the backyard deck. The hall bath features the original refinished cast iron clawfoot tub/shower and a vintage wall sink showcasing the original character of the home. Outside, the backyard landscaping has been completely refreshed, offering a serene retreat in the heart of downtown. The newer deck features a custom outdoor shower and a 1938 cast iron gardening sink, adding to the home's historic charm. A large storage shed provides ample space for storage or could be transformed into a backyard entertaining structure or even an ADU. With its prime location, modern updates, and timeless charm, 116 Magnolia Ave is truly a one-of-a-kind home in downtown Charleston. Don't miss this rare opportunity!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.751% | 6.666% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,347 | $5,635 | $7,666 |
Total Monthly Payment | $5,472 | $5,760 | $7,791 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.