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405 E Frederick St, Gaffney, SC, 29340

3beds
2baths
1,636sqft
$100,000
$61price/sqft
$814/moest. monthly cost
$32,560/yrincome needed

About This Home

Prime Opportunity, in the heart of Gaffney! 1,600+ sq ft home (square footage is estimated; buyer to verify) 3 bed, possible 2 full baths has a flexible layout and excellent potential for renovation or investment. Main level features a front living room, a spacious eat-in kitchen and a primary bedroom. Enjoy the charm of a large covered front porch and the convenience of a fenced front yard. The property also includes an 18? x 20? concrete block workshop, providing multiple possibilities such as a home office, gym, creative studio, in-law suite, or potential studio apartment for additional income (buyer to verify zoning, permits, and allowable use). Additional features include a newer hot water heater and a highly walkable location near downtown shops, dining, and local amenities. The property is zoned Neighborhood Commercial, having added flexibility for future use or redevelopment. Sold as-is. Cash buyers only. An excellent opportunity for investors, builders, or buyers looking to add value in a strong location.

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

2/10
3/10
Gaffney High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Crawl Space
  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None,Electric Water Heater

Bedroom2

  • Level: Second
  • Area: 234
  • Dimensions: 13x18

Bedroom3

  • Level: Second
  • Area: 234
  • Dimensions: 13x18

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 1

Features

  • Flooring: Vinyl,Wood
  • Finished area below ground: 0
  • Finished area above ground: 1,636

Heating & Cooling

  • Heating features: Forced Air,Gas Available,Other/See Remarks
  • Cooling features: Other,Other/See Remarks

Interior Area

  • Total interior livable area: 1,636 sqft

Kitchen

  • Level: First
  • Area: 280
  • Dimensions: 14x20

Living Room

  • Level: First
  • Area: 320
  • Dimensions: 16x20

Primary Bedroom

  • Level: First
  • Area: 195
  • Dimensions: 13x15

Property

Details

  • Parcel number: 0990700135000

Features

  • Levels: Two
  • Patio & porch: Porch
  • Fencing: Fenced
  • Topography of land: Sloping
  • Living area range: 1600-1799

Lot

  • Lot size: 9,583 sqft
  • Features: Sloped

Parking

  • Parking features: Driveway,None,None
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Strong Wind
Tornado
Cold Wave
Winter Weather

FEMA Declared Disasters in Cherokee County and South Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $505$6,060
Home Insurance *$64$768
Property Taxes $41$492
Electricity $204$2,449
Total$814$9,768
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$27,908/yr
40% on housing$24,420/yr
45% on housing$21,706/yr

South Carolina FAIR Plan Programs

South Carolina Wind and Hail Underwriting Association

Covered
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.5%
7.5%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$61This listing

vs Other Active Listings

Avg $/sqft

ZIP 29340$101
Cherokee County$119

vs Homes Sold Last Month

Median $/sqft

ZIP 29340$140
Cherokee County$159

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-12-17Listed for sale$100,000
2022-03-10Sold$40,000
2022-02-13Pending sale$36,000
2022-02-10Listed for sale$36,000
2021-07-22Sold$9,000

For Sale by Agent

AgentRegina Alverson
BrokerageColdwell Banker Caine

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