Short Sale Listing - 307 Burroughs Ave, Beaufort SC 29902 - MLS 129703

More Signs of the Times, More Great Opportunities.

307 Burroughs Avenue in downtown Beaufort just hit the market this week. This caught my attention, because I had this home listed a few years ago, for $209,000, if memory serves.

The asking price now? $165,000. Back in the 2004 to 2006 range, when real estate boomed in and around Beaufort, it would have been hard to believe you would again be able to own a really nice home, in the mid-$100k range. Now, to be sure, I haven't been in the home in a few years, so I am assuming the property hasn't been run down.

Back when I had the home listed, it was stellar. The hardwood floors had been refinished, some really nifty fixtures adorned the home, the roof  had been replaced, and the garage had been converted into a very nice living space.

The home is not located in the Beaufort Historic District, but it is very much in the downtown Beaufort area, and you can take a leisurely 15 or so minute walk to the shops and restaurants of Bay Street.

The home is located in the area we call the Depot Area, named after the idle train depot which served the downtown Beaufort area years ago.

This home makes a lot of sense at $165,000, or just a little more than $104 per square foot. The home has more than 1500 square feet of living space.

It is a short sale, which means the current owners' mortgage is more than the asking price of $165,000.