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5 E Battery St
Charleston, SC

5 E Battery St

22.3M
8 bd • 10 ba • 9,407 sf

This analysis was generated by artificial intelligence on 2/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$22,250,000

Price/Sq.Ft

$2,365

Year Built

1848

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Sweeping and uninterrupted views of Charleston Harbor and Fort Sumter. • Formal gardens designed by Perry Guillot. • Private pool and spa. • Detached three-bedroom carriage house. • Mother-in-law/staff/guest wing in the main home. • Custom patterned floor designed by Karl Beckwith Smith. • Sunroom with glass created by an artisan from Northern Italy. • Library with custom bookcases by Richard Marks Studio. • Expansive piazzas with water views. • Rooftop deck with panoramic views. • Elevator. • State-of-the-art sound system. • Four full bars. • Ample wine storage. • Two-car garage. • Stand-up air-conditioned attic space. • Generator. • Continued desirability of historic Charleston properties • Potential for increased tourism and short-term rental income (verify local regulations) • Limited supply of comparable high-end properties • Our valuation suggests this property could be worth up to $500,000 more than the asking price • Rental Potential: $155,500 estimated annual revenue

The Bad

• Flood mitigation measures (Estimated Cost: $100,000) • Wind resistance upgrades (Estimated Cost: $50,000) • High flood risk requiring expensive insurance • Potential for rising interest rates impacting high-end buyers • Significant ongoing maintenance costs associated with historic properties • Safety Concern: Score 7/10 - Crime rates in the immediate vicinity are generally lower than the Charleston city average, but petty theft can be a concern in tourist areas.

The Ugly

• Extreme flood risk (10/10) and critical flood insurance requirements. • High heat risk (10/10) and potential for numerous hot days per year. • Extreme wind risk (9/10) and critical wind insurance requirements. • The property's history shows a significant price increase (242.3%) since its last sale in 2016, which may raise questions about the valuation. • The schools in the area have low ratings (Memminger Elementary School: 3/10, Simmons Pinckney Middle School: 1/10, Burke High School: 2/10), which may be a concern for families with children.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $155,500 with 99% occupancy rate Value Investors: Projected 12.1% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $150,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$88,311

Property History

Price History
Ownership Timeline
$6,500,000Cash Purchase
Jun 21, 2016
Francess B Palmer, Francess Palmer HoganMaison Cinq Llc
Deed
Non-Residential Arm's Length Transactions
$115,000Cash Purchase
Aug 9, 2002
David B HoganFrancess Palmer Hogan
Intrafamily Transfer
Non-Arm's Length Transactions

Property Taxes

$44,666
2023 Tax Assessment
25.1%from previous year
Assessed Value$373,800
Tax Rate11.95%

Risk Assessment

Climate Risks

floodSEVERE

FEMA Zone: High Risk Area

Insurance: Required

heatSEVERE

7 extreme heat days per year

98th percentile: 104°F

windSEVERE

Insurance: Required

airMINIMAL

3 bad air quality days per year

fireMINIMAL

Insurance: Optional

Risk Analysis

• High flood risk requiring expensive insurance • Potential for rising interest rates impacting high-end buyers • Significant ongoing maintenance costs associated with historic properties • Climate & Insurance: Potential costs for flood-proofing and wind resistance upgrades may be significant given the property's location and age. • Extreme flood risk (10/10) and critical flood insurance requirements. • High heat risk (10/10) and potential for numerous hot days per year. • Extreme wind risk (9/10) and critical wind insurance requirements. • The property's history shows a significant price increase (242.3%) since its last sale in 2016, which may raise questions about the valuation. • The schools in the area have low ratings (Memminger Elementary School: 3/10, Simmons Pinckney Middle School: 1/10, Burke High School: 2/10), which may be a concern for families with children.
Insurance
Annual Cost

$80,100

$6,675 per month

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Schools

Memminger Elementary School

PublicGrades PK-5
2/10
Elementary
321 students

Burke High School

PublicGrades 9-12
2/10
High
372 students

Financials

Monthly Costs
Market Rent (8 bed)

$3,110

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Location & Comparables

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