118 Englewood Rd Goose Creek: New Craftsman Home, Tenant-Ready, No HOA | $349,000

by The Family Real Estate Group

Your First Home or First Investment Awaits

Craftsman-style home at 118 Englewood Rd in West Greenview Acres Goose Creek SC

Imagine morning coffee on your own covered porch while mature trees sway overhead—all without the burden of HOA fees dictating your property choices. Better yet, imagine collecting rent checks from a quality tenant already in place, or moving into a like-new Craftsman where someone else handled the break-in period.

118 Englewood Rd delivers exactly that: a 2024-built, 3-bedroom Craftsman nestled on a private quarter-acre lot in West Greenview Acres, one of Goose Creek's most established neighborhoods. With a neighborhood trail to Lake Greenview Park literally behind the house, no HOA restrictions, and a tenant already under lease, this property checks boxes for first-time buyers craving space, retirees seeking a low-maintenance downsize with rental income potential, and investors hunting turn-key cash flow.

At $349,000, you're getting 1,475 square feet of brand-new living space ($237/sqft), Craftsman curb appeal, and the kind of tree-lined privacy that's increasingly rare in new construction. Whether you're ready to move in when the lease ends or prefer immediate rental income, this home works on your timeline.

Schedule a showing at 118 Englewood Rd →

What Makes 118 Englewood Rd Special

Feature	Details
Bedrooms	3
Bathrooms	2.5
Square Footage	1,475 sq ft
Price	$349,000 ($237/sqft)
Year Built	2024
Lot Size	0.25 acres (10,890 sqft)
Style	Craftsman
HOA	NO HOA
Special Status	Tenant-occupied (one-year lease)

Key Features:

✓ Brand new 2024 construction – warranties intact, modern systems
✓ Tenant-occupied with one-year lease – immediate rental income for investors
✓ Quarter-acre wooded lot – privacy among mature trees
✓ No HOA fees – save $50-75/month compared to HOA communities
✓ Neighborhood trail access – walk to Lake Greenview Park directly behind the property
✓ 2-story Craftsman design – timeless architectural style with strong resale appeal
✓ West Greenview Acres location – established neighborhood near schools, shopping, and Joint Base Charleston

Want a full property breakdown? Download our listing sheet →

The West Greenview Acres Advantage: Established Charm, Unbeatable Location

A Neighborhood With Roots

West Greenview Acres is an established Goose Creek community that was developed between the 1970s and early 2000s. The neighborhood is known for its mature landscaping, family-friendly atmosphere, and—crucially—most homes have no HOA, giving owners freedom to customize, park RVs, run small businesses, or rent without board approval.

The median home price in West Greenview Acres hovers around $300,000, making 118 Englewood Rd competitively priced for the area. Average rental rates for 3-bedroom homes here range from $1,800-$2,200/month, offering investors strong yield potential. The housing mix includes brick ranches, Craftsman-style homes, and newer construction on quarter-acre to half-acre lots—perfect for buyers who want space without sacrificing convenience.

Location, Location, Low-Country Lifestyle

Commute Times:

5 minutes to Naval Weapons Station (Joint Base Charleston – Weapons Station)
10 minutes to Joint Base Charleston Air Force Base
15 minutes to Boeing South Carolina (North Charleston)
20 minutes to Downtown Charleston via I-26
25 minutes to Charleston International Airport
30 minutes to Volvo Cars manufacturing facility (Ridgeville)
35 minutes to Isle of Palms Beach

Nearby Shopping & Dining (within 5-10 min):

Walmart Supercenter & Publix (Red Bank Rd)
Tractor Supply, Lowe's, Target (Hwy 52 corridor)
Local favorites: Carolina Ale House, Sesame Burgers & Beer, Perfectly Frank's

For military families, Joint Base Charleston is practically in your backyard—no more brutal commutes or sitting in I-26 traffic. For professionals working at Boeing, Volvo, or the Medical University of South Carolina (MUSC) downtown, you're centrally positioned with easy highway access.

Lake Greenview Park: Your Backyard Oasis

Neighborhood trail to Lake Greenview Park behind 118 Englewood Rd

Here's what sets this property apart: a neighborhood trail behind the house leads directly to Lake Greenview Park, a beloved West Greenview Acres amenity featuring:

Scenic lake with paved walking/biking trails
Playground equipment for kids
Picnic shelters and open green space
Dog-friendly paths perfect for morning walks

Instead of driving to recreation, you'll walk out your back door and be on the trail in 60 seconds. Families love it for Saturday morning bike rides; retirees appreciate the peaceful lakeside benches; dogs get their daily dose of exercise without leaving the neighborhood.

Explore more Goose Creek neighborhoods →

The Numbers – For Buyers & Investors

For First-Time Buyers: Is This Affordable?

Purchase price: $349,000
Estimated monthly payment: ~$2,650/month
(Assuming: 5% down, 7% interest rate, including taxes/insurance)

HOA savings: $600-$900/year saved (most Goose Creek communities charge $50-75/month)

Compare to rent: Average 3-bedroom rental in Goose Creek = $1,875-$2,200/month. You'd be building equity for roughly $450-$775 more per month than renting—and your payment stays fixed while rents keep climbing.

Property tax context: Berkeley County's effective property tax rate is approximately 0.57%, lower than neighboring Charleston County. On a $349,000 home, expect ~$1,990/year in property taxes.

💡 First-Time Buyer Tip:
At a 5% down payment ($17,450), you'll need an annual household income of approximately $95,000-$100,000 to qualify comfortably. VA and FHA loans offer lower down payment options (0-3.5%), making this even more accessible for military buyers or first-timers. Since the home is tenant-occupied, you could also consider an investment property loan and let the tenant cover your mortgage while you continue renting elsewhere—then move in when the lease ends.

For Investors: What's the ROI?

Current status: Tenant-occupied with one-year lease in place (tenant paying rent now)

Estimated rent: $1,900-$2,100/month (conservative mid-range based on Goose Creek 3-bed comps)

Purchase price: $349,000

Gross rental yield: ~6.5-7.2% annually
(Calculation: $2,000/mo × 12 = $24,000 annual rent ÷ $349,000 = 6.8%)

Maintenance considerations: New construction means minimal repairs for 5-10 years. Budget 1-2% of purchase price annually ($3,500-$7,000) for preventative maintenance, though early years will be lighter.

Local occupancy rate: Goose Creek maintains ~95%+ occupancy due to Joint Base Charleston's steady military population turnover—demand for quality rentals remains high.

Tenant profile: Military families, Department of Defense contractors, Boeing/Volvo employees, and young professionals commuting to Charleston. The tenant base here is stable and diverse.

Tax advantages: Depreciate the property over 27.5 years; deduct mortgage interest, property taxes, insurance, repairs, and property management fees. Consult a CPA to maximize benefits.

Exit strategy: Hold 5-10 years, capture appreciation (Goose Creek home values rose ~35% from 2019-2024), and either 1031 exchange into a larger property or sell for capital gains. Alternatively, refinance to pull equity out and buy another investment.

Run the numbers yourself—use our mortgage calculator →

Who This Home Is Perfect For

Perfect for Life Starters If...

✓ You're tired of throwing rent money away and want to build equity in a home that's move-in ready
✓ You want a yard for your dog without dealing with apartment pet restrictions or HOA breed bans
✓ You value no HOA fees—freedom to paint, park, or renovate without asking permission
✓ You're military or DoD and need to be close to Joint Base Charleston (5-minute commute!)
✓ You prefer newer construction so you're not inheriting someone else's deferred maintenance
✓ You love the idea of Lake Greenview Park access right behind your house for weekend recreation

Scenario: You're a young Navy couple stationed at Joint Base Charleston. You're approved for a VA loan (0% down), and at $2,650/month, your mortgage is only $450 more than your current rent—but you're building equity, have space for a future nursery, and can walk your dog to the park. When you PCS in 5 years, you keep it as a rental (already proven tenant demand) and let it fund your next home.

Perfect for Equity Maximizers If...

✓ You're downsizing from a larger family home but still want a yard and single-story living option
✓ You want a low-maintenance rental property to supplement retirement income
✓ You're relocating to be near grandkids in the Charleston area and need affordable, turn-key housing
✓ You prefer new construction to avoid surprise repair costs in your retirement years
✓ You value quiet, established neighborhoods over trendy (and pricier) downtown areas

Scenario: You sold your family home in Ohio for $450K and want to stretch those dollars in the South. You buy 118 Englewood Rd outright for $349K, pocket $100K, and live mortgage-free on Social Security and a pension. Or, you keep your current residence up North and use this as a rental property that generates $1,900/month passive income—covering property taxes, insurance, and leaving you $1,200/month cash flow.

Perfect for Portfolio Builders If...

✓ The tenant is already in place—no vacancy loss, no screening headaches, immediate cash flow
✓ New construction means minimal capex for the next 5-10 years (roof, HVAC, appliances all warrantied)
✓ You want strong rental demand from Joint Base Charleston's ~79,000 military and civilian workforce
✓ No HOA restrictions on renting or short-term leasing if regulations change
✓ You're targeting 6.5-7.2% gross yield in an appreciating market (Goose Creek is growing faster than most SC cities)
✓ You can scale quickly—buy this, stabilize it, then refinance or 1031 into a duplex/triplex nearby

Scenario: You're a real estate investor based in Charlotte. You buy 118 Englewood Rd with a 25% down investment loan ($87,250 down). Tenant pays $2,000/month; your mortgage is $2,050 (including taxes/insurance). Slight negative cash flow initially, but you're paying down principal and capturing appreciation in a market that's seen 35%+ growth in 5 years. In 3-5 years, you refi or sell for $425K+, netting a healthy ROI. Or you hold forever and let the tenant retire your mortgage.

Not sure? Let's talk—book a 15-min consult →

Living in Goose Creek – What You Need to Know

Schools (Berkeley County School District)

Zoned Schools:

Goose Creek Elementary (PK-5) – 200 Foster Creek Road, Goose Creek, SC 29445
945 students; 15:1 student-teacher ratio
Marrington Middle School of the Arts (6-8) – 109 Gearing Street, Goose Creek, SC 29445
400 students; magnet program for arts-focused students
Goose Creek High School (9-12) – 1137 Red Bank Road, Goose Creek, SC 29445
2,000+ students; home of Berkeley Center for the Arts (fine arts magnet)

District Overview: Berkeley County School District (BCSD) is the 4th-largest district in South Carolina, serving nearly 40,000 students. The district emphasizes technology integration (every student receives a Chromebook), smaller class sizes than state maximums, and strong athletics/arts programs. Schools like Goose Creek High's Berkeley Center for the Arts attract talent statewide.

Many military families and Goose Creek transplants praise BCSD's diversity and community feel. The district partners closely with Joint Base Charleston, offering support services for military-connected students.

Top Employers Nearby

Military & Government:

Joint Base Charleston – Naval Weapons Station (5 min) and Air Force Base (10 min)
Largest employer in the region: 79,000+ military, civilian, and contractor workforce
Naval Information Warfare Center Atlantic (NIWC) – Largest single employer in Charleston metro

Manufacturing & Industry:

Boeing South Carolina (15 min) – 787 Dreamliner production facility
Volvo Cars (30 min, Ridgeville) – Manufacturing plant
Nucor Steel (Berkeley County)

Healthcare & Education:

Medical University of South Carolina (MUSC) (25 min, downtown Charleston)
Charleston Southern University (10 min, North Charleston)
Trident Technical College – Multiple campuses throughout tri-county area

Economic Context: Goose Creek's unemployment rate consistently runs below the national average. The area's economy is diversified across defense, advanced manufacturing (aerospace, automotive), healthcare, tech, and tourism. This economic stability drives steady rental demand and home value appreciation.

Lifestyle Snapshot

Population: ~45,000 (Goose Creek proper); part of Charleston metro (800,000+)

Median household income: ~$68,000

Known for:

Gateway to the Low-Country's natural beauty (Cooper River, saltwater marshes, barrier island beaches)
Strong military heritage and culture (Navy submarine fleet history)
Family-friendly suburban lifestyle without sacrificing access to Charleston's urban amenities
Affordable cost of living compared to Charleston Peninsula or Mount Pleasant

Recreation:

Lake Greenview Park, Marrington Plantation Recreation Area
Crowfield Golf & Country Club
Cypress Gardens (historic swamp garden, 20 min)
Cooper River kayaking and fishing
35 minutes to Isle of Palms and Folly Beach

Dining favorites:

Sesame Burgers & Beer
Carolina Ale House
Perfectly Frank's Hot Dogs
Local BBQ joints and Low-Country seafood spots

Community vibe: The city of Goose Creek blends small-town Southern hospitality with the diversity and energy of a military community. You'll find multigenerational families who've lived here for decades alongside young transplants from across the country. It's the kind of place where neighbors wave, kids ride bikes in the street, and Friday night high school football games pack the stadium.

Learn more about Goose Creek neighborhoods →

The TFREG Difference – Why Buy (or Invest) with The Family Real Estate Group

Here's what makes us different:

One-Stop Shop: We don't just sell homes—we build homes, too. Can't find what you want on the resale market? Our custom home division can design your dream from the ground up. Many buyers get frustrated with limited inventory or homes that need work. If you'd rather build exactly what you want (on your timeline, your budget, your specs), we can make it happen. From land acquisition to final walk-through, we handle it all under one roof.

Local Expertise: 35+ years serving the Charleston area; the Sotiroglou family knows Goose Creek, Summerville, North Charleston, and the entire tri-county market inside and out. We've seen multiple market cycles, built hundreds of homes, and helped thousands of families. That experience translates into saved money, avoided pitfalls, and confident decisions for you.

Investor Support: Buying 118 Englewood Rd as an investment? We connect you with trusted property managers, investor-friendly lenders who understand rental cash flow, and reliable contractors for any future maintenance. We also provide rental comps, pro-forma projections, and honest assessments of ROI potential—no sugar-coating, just data.

Transparent Process: From pre-approval to closing, we guide you step-by-step with zero pressure. First-time buyer? We'll explain every document, every fee, every timeline milestone. Seasoned investor? We move fast, respect your due diligence process, and don't waste your time.

Meet the TFREG team →

Ready to See 118 Englewood Rd?

No HOA home in established Goose Creek neighborhood near Joint Base Charleston

This property won't last. New construction under $350K in an established neighborhood with no HOA and a tenant already in place? Those check every box for buyers and investors alike.

Multiple paths forward:

✅ For Buyers: Schedule a private showing—evenings and weekends available. If you love it, we'll walk you through the offer process, coordinate inspections, and ensure a smooth closing. Then either move in when the tenant's lease ends or extend the lease and keep collecting rent.

✅ For Investors: Request our investor packet with:

Rental comps for West Greenview Acres
Pro-forma cash flow projections
Property management referrals
Market trend data (Goose Creek appreciation, vacancy rates, tenant demographics)

✅ For Browsers: Not ready yet? Download our Goose Creek Neighborhood Guide to compare all your options across price points, school zones, and commute times.

Why this property won't last:

✅ Priced at $237/sqft—competitive for new construction in Berkeley County
✅ No HOA = broader buyer pool (owner-occupants, investors, and buyers who hate restrictions)
✅ Tenant-occupied = immediate income for investors; no vacancy risk
✅ 5-minute commute to Joint Base Charleston = massive military buyer demand
✅ Quarter-acre wooded lot = increasingly rare in new builds under $400K

Book Your Showing Now →