Foreclosed homes in summerville sc

by Nabewise
Summerville, SC, a charming town northwest of Charleston, is a hot spot for foreclosed homes, offering deals in a market where median home prices hover around $405,000 (based on recent trends). As of February 21, 2025, foreclosure listings in Summerville typically range from fixer-uppers under $200,000 to move-in-ready homes pushing $400,000+, depending on size, condition, and location.
The town spans Dorchester, Berkeley, and Charleston counties, with key zip codes like 29483, 29485, and 29484, and foreclosure activity is notably high in 29485—think Wescott Plantation or Sangaree neighborhoods.
Here’s a snapshot of what’s likely available, based on current market patterns and foreclosure data:
  • Ranch-Style Fixer-Upper in Sangaree (Around $150K – $200K)
    A 3-bedroom, 2-bath home, maybe 1,500 sq ft, on a quiet, tree-lined street. Brick exterior, needing TLC—think new flooring, paint, and maybe roof repairs. Foreclosure listings often peg these as pre-foreclosures or bank-owned (REO), sold “as-is” for 30-50% below market value. Great for investors or first-timers who don’t mind sweat equity.
  • Modern-ish Townhome in Wescott Plantation (Around $250K – $300K)
    A 3-bedroom, 2.5-bath, roughly 1,800 sq ft, with shared amenities like a pool or golf course nearby. These pop up in foreclosure auctions or as short sales, often with granite counters and open layouts but minor cosmetic fixes needed. Perfect for a suburban lodge-like vibe with community perks.
  • Spacious Family Home in Nexton (Around $350K – $400K)
    A 4-bedroom, 3-bath, 2,200+ sq ft foreclosure, possibly a newer build gone into bank hands. Expect hardwood floors, a fireplace, and a big lot—maybe even lake access in this master-planned area. These are rarer but snagable if you act fast, offering that retreat-like feel you might crave.

Foreclosure stats show Summerville

with around 40-50 active foreclosures at any time, plus hundreds of pre-foreclosures (homes where owners are behind on payments but not yet seized). Prices average $216,000 for foreclosures versus $326,000 for non-distressed homes, per recent AVM (automated valuation model) data. Neighborhoods like Legend Oaks Plantation or Central Commons might also have deals, blending that lodge-like charm with golf views or wooded lots.
These homes move quick—sometimes within days—and banks won’t fix a thing. You’re buying “as-is,” so factor in repair costs (could be $10K-$50K for serious updates). Auctions, REOs, and HUD homes dominate, with sites like Foreclosure.com or RealtyTrac listing 200-400 options across Summerville’s zips monthly. Cash buyers get an edge, but financing’s doable if you’re pre-approved.

Neighborhood

Summerville, SC, spans Dorchester, Berkeley, and Charleston counties, with foreclosure activity varying by area. Here’s a breakdown of neighborhoods where foreclosed homes often pop up, tied to current market trends as of February 21, 2025:
  • Sangaree (29483)
    This well-established neighborhood in Berkeley County often has foreclosures due to its mix of older homes (1970s-1990s) and affordability focus. A typical foreclosure here might be a 3-bedroom, 2-bath ranch, around 1,500 sq ft, priced at $150K-$200K. It’s near shopping and I-26, but some streets show wear—think dated kitchens or roof issues—making it a hotspot for bargain hunters. The vibe’s suburban, with mature trees and decent schools (Sangaree Elementary/Middle), though it’s not as polished as newer communities.
  • Wescott Plantation (29485)
    In Dorchester County, this master-planned gem near Dorchester Road frequently sees foreclosures in its townhome and single-family sections. Expect a 3-bedroom, 2.5-bath townhome (1,800 sq ft) around $250K-$300K or a larger 4-bedroom home closer to $350K. Golf course views and amenities like pools draw buyers, but overleveraged owners occasionally lose properties here. It’s family-friendly, with top-tier Dorchester District 2 schools (e.g., Oakbrook Middle), though traffic on Dorchester can snarl commutes.
  • Nexton (29486)
    A newer, upscale community in Berkeley County, Nexton’s rapid growth means some foreclosures slip through—often 3-4 bedroom homes (2,000+ sq ft) from $350K-$400K. These might be modern builds with open layouts and HOA perks (pools, trails), but in “as-is” shape, needing minor fixes like drywall or HVAC. It’s got a lodge-like feel with green spaces and a town square, plus Berkeley County schools (Nexton Elementary), but it’s pricier than older areas.
  • Bridges of Summerville (29485)
    Known for affordability in Dorchester County, this neighborhood sees foreclosures in the $200K-$250K range—think 3-bedroom, 2-bath homes (1,300-1,800 sq ft). It’s got a cozy, community feel with a pool and play parks, appealing to first-timers or downsizers. Schools (Dr. Eugene Sires Elementary) are solid, but some foreclosed homes need work—cracked driveways or outdated fixtures. Proximity to downtown Summerville adds charm.
  • Ashborough (29485)
    A wooded, established spot in Dorchester County, Ashborough offers large lots and foreclosures around $250K-$350K for 3-4 bedroom homes (1,800-2,500 sq ft). Think brick ranches or two-stories with potential—maybe a leaky roof or old carpet. Amenities like a pool, tennis courts, and river trails give it a retreat-like vibe, and Dorchester 2 schools (Ashley Ridge High) are a draw. It’s quieter, less flashy than Nexton.
Foreclosures here are often bank-owned (REO), auctioned, or pre-foreclosure (owners delinquent but not yet seized). Prices reflect condition—distressed homes dip below the $405K median, averaging $216K per recent data. Popular zip 29485 leads with activity, thanks to its growth and school appeal. Buyers snag deals 20-50% below market, but “as-is” means budgeting for repairs.