Four upscale Charleston properties to be sold Feb. 26 Four outstanding properties located in or near Charleston, S.C. -- a massive estate, a three-story townhouse condominium and two seaside residences -- will be sold at auction Feb. 26 by Roumillat's.
FOUR OUTSTANDING PROPERTIES IN THE CHARLESTON, S.C., AREA
WILL BE SOLD TO THE HIGHEST BIDDER FEB. 26 BY ROUMILLAT'S
Public auction will help settle investor fraud case
(Charleston, S.C.) - Four outstanding properties located in or near Charleston, S.C. -- a massive Summerville estate; a three-story townhouse in the city's Historic District; and two seaside residences on Edisto Beach – will be sold to the highest bidders Tuesday, February 26, at 11 a.m. All four properties will be sold to the highest bidders by Roumillat's Estate & Business Auctioneers.
“By quarter past eleven, all four properties will be sold, and to some very happy bidders,” said Ed Roumillat auctioneer. “We don't anticipate a very large crowd – the properties are of such an upscale nature they pretty much knock out anybody at the medium and low ends of the market – but everyone who will be there will be interested and qualified.”
Potential buyers will need to provide a $10,000 cashiers check deposit to bid, Mr. Roumillat pointed out. Also, a 6 percent buyer's premium will be added to the amount of each winning bid. The properties are being sold to help settle the case of an embattled former economics professor turned businessman, Al Parish, who defrauded hundreds of unwitting investors. The houses are in his name.
The Summerville estate, located at 224 Rabbit Run Lane in Moody Plantation, is the crown jewel of estate houses. It is an architecturally designed, custom-built home, situated on 7 acres bordering a lagoon. Special features include a wet bar off a sunken living room; outdoor swimming pool with gazebo; a 5-car stable with guest apartment on one side, a two story in-law apartment on the other side and in between a chefs delight kitchen, sunroom, and children’s playroom that looks like a planetarium.
The property also boasts a study and library; granite counter tops in a kitchen with state-of-the-art appliances; master bedroom with garden tub and Jacuzzi jets, exercise room, media room and more.
The downtown City of Charleston 3.5-story townhouse is located at 156-A Tradd Street, in the area South of Broad Street, considered to be the most desirable and prestigious residential neighborhood on the peninsula. The townhouse features 4 bedrooms, 4.5 baths and a total living area of 2,248 square feet. A one-car garage is included. The entrance has a stained glass window, and a bricked courtyard in the rear.
The first of two Edisto Beach properties is a 4-bedroom, 3-bath home with fantastic beach and river views overlooking rolling dolphin and bird sanctuary. Located at 3622 Yacht Club Road, the beachfront property features a family room and sitting area with beautiful hardwood floors and fireplace; a wraparound deck off the breakfast area that ties into the rear deck; and a spacious kitchen and sunroom. The house will be sold furnished.
The other Edisto property is a 3-bedroom 3-bath condominium, with 1,280 square feet of living space and limited views of the ocean.
