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             Home               Vol IV    Issue 39          October 17, 2009                 Previous Issues

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 Gracious Summerville, South Carolina Charms Retirees with its Southern Hospitality, Leisurely Pace, Friendly Neighbors and Stately Homes

Cost of Living: Below the National Average

 

International Retirement Spots

 

 

Active Retirement

 

 

Real Estate for Retirement

 

 

Active Adult

 

 

Master Planned Communities

 

Summerville, South Carolina is nestled on a ridge in the woods just 20 miles northwest of Charleston, has had a history of ups and downs.  In the late 1700s, wealthy Charleston plantation owners began coming to this soothing spot to build homes and escape the Lowcountry summer heat and mosquitoes.   In 1847, Summerville became an official village, but the Civil War and an earthquake in 1886 took a serious toll.   Fortunes soon changed, however, when in 1899 the International Congress of Physicians declared Summerville, thanks to its healing surroundings, one of the best places for the treatment of lung disorders. Soon, visitors from  all over the world were coming to this quiet retreat, some staying permanently.  Today, Summerville is known as "The Flower Town in the Pines," and 49,000 people call it home; of these, 22% are age 45 to 64, and 11% are 65 years of age or better.

 

 

The imprint of Charleston's early plantation owners is still seen in Summerville today, as many of these summer residents' elegant homes remain standing in all of their antebellum grandeur.  Nearly 700 of Summerville's structures, including private homes, various businesses and B&Bs, are listed on the National Register of Historic Places and exemplify Colonial, Queen Anne and Georgian architectural styles.  For many years, the population here numbered about 3,000 people, but in the 1980s, and particularly within the last ten years, the numbers began to grow, and new homes and developments started popping up.  While much of the housing is new, the median home price of $170,000 remains below the national average, as does the average cost-of-living (by about 5%).  

City home prices start around $100,000, and well-kept, single-family homes (roughly 1,200 sq. ft. to 1,600 sq. ft.) in comfortable neighborhoods start in the low- to mid-$100,000s, although dwellings can be found for less.  There appears to be a good housing selection in the mid- to high-$100,000s range.

 

The median home price of $170,000 will purchase 2,100 or more sq. ft., 3 to 4 bedrooms, 2 to 2.5 baths, an upgraded kitchen, a screened-in porch, hardwood floors, an attached garage and a large, forested lot in a desirable neighborhood.   Million dollar homes are for sale, too, and $2 million will buy a mansion with four stories, six bedrooms, five baths, 7,000 sq. ft., 21 acres, a freestanding circular staircase, a wine cellar, triple bathroom sinks, a marble foyer, a barn and horse stalls, a pool, a fishing pond and two garages, each one with a second floor (which is what every garage needs). 

Del Webb has an active adult community in Summerville named Del Webb Charleston (even though it is actually in Summerville).  Homes here start at $149,900 and come with all of the standard Del Webb amenities including a large, stylish clubhouse.  The tony Club at Legend Oaks is a beautiful, Southern-style, all-ages golf course community with homes from the mid-$300,000s.  Listings in the active adult neighborhood, Linkside Village, in the Pine Forest Country Club start from $160,000.  There are numerous golf courses in the area, so finding a home on a fairway at a somewhat reasonable price is not that difficult.

Summerville apartments seem in decent, although not great, supply, with the average one bedroom leasing for around $700 a month and a two bedroom leasing for $850 to $900 per month.

Summerville, South Carolina


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 This is an interactive map.  Click on the arrows in the upper left hand corner to move the map to the East, West, North or South, and click on the +/- signs to zoom in and out.

All homeowners automatically receive a $100,000 property tax exemption, and real estate is assessed at 4% of its fair market value (6% if the home is a rental property or second home).  The annual taxes on a $250,000 home would be roughly $1,500.  For homeowners 65 and older, the state's homestead exemption allows the first $50,000 of their property's fair market value to be exempt (on top of the automatic tax exemption).  Retirement income is taxed, but Social Security is exempt.

Summerville, South Carolina Continued....


Great Retirement Spots Newsletter is published four times a month by Webwerxx, Inc.  2770 S. Elmira St., #152, Denver, CO  80231. (303) 358-0512.  Copyright © 2006-2009.  All rights reserved.  No part of this electronic publication may be reproduced without the express written consent of Webwerxx, Inc.  All attempts were made to verify the accuracy of the information contained in this bulletin, but some information may have changed since publication. Webwerxx, Inc. cannot be held responsible for information that has changed since this publication appeared online.  Please contact us at staff@greatretirementspots.com if you have questions or comments.  


Summerville South Carolina Real Estate    Active Adult Communities in Summerville South Carolina