NOT LISTED FOR SALE

Estimated Value: $508,160 - $618,000

0.05 Acre
$11,260,800 Price per Acre
2,178 Sq Ft Lot

Last Sold August 27, 2018

Last sale price $175,000

Est. 222% increase in value since last sale

Current estimated payment $3,081/month

43 Days on Market

Highlights

  • Property fronts a marsh
  • Home to be built
  • Tidal Wetland on Lot
  • James Island Elementary School Rated A-

About This Lot

As of August 2018

Welcome to Folly Beach's newest community named Captain's Quarters. This 4-home mini subdivision is perfectly nestled near the entrance of the Mariners Cay community and just a short walk over the Folly River to Center Street and all the shops & dining options that Folly Beach has to offer. All homes have been approved for either 3 or 4 bedroom layouts with wonderful reverse floor plans to take full advantage of the stunning marsh & Folly River views. Take your pick..Lots 3 & 4 have unobstructed gorgeous marsh views while Lots 1 & 2 will rise up and present mesmerizing river views. City sewer & water already in place. Construction scheduled to begin at Lot 1 (16 W Mariners Cay Dr.) in January.All owners will share the private community dock offering stunning marsh views and will be part of a 4-member Home Owners Association, actually owning their physical lot site as part of this .58 acre total high ground community. Minimal proposed HOA fees of approximately $100 per month will maintain the entire community. Enjoy beautiful sunsets, fishing & crabbing and take in the laid-back Folly lifestyle. Walk, ride your bike or drive over to the beach anytime you like. A day trip to downtown historical Charleston is just a short 15-minute drive as well. Owner will consider selling all four lots to an investor or will build to suit. Owner financing is possibly available as well. Don't let this unique opportunity to have a very affordable new home on Folly Beach pass you by.

Last Agent to Sell the Property

Adam Killermann

Carolina One Real Estate Folly Beach License #56911 Listed on: 12/20/2017

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Stephen Varroll

Landcrafters Inc License #5535

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,535

Lot Details

  • 2,178 Sq Ft Lot
  • Property fronts a marsh
  • Tidal Wetland on Lot
  • Building or Site Plan Approved

Home Design

  • Home to be built

Additional Homes

  • Residence on Property

Schools

  • James Island Elementary And Middle School
  • James Island Charter High School

Community Details

  • Mariners Cay Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,535

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.05
  • Road Frontage Type: City Street
  • Subdivision Name: Mariners Cay
  • Directions: Folly Rd Towards Folly Beach. Right At Mariners Cay Dr. Just Before The Folly River. Lots On The Right After Marsh Winds.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Will Build
  • Waterfront Features: Marshfront, Tidal Creek, Waterfront - Shallow
  • Waterfront: Yes
  • Other Structures: Residence

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: No
  • Sewer: Sewer At Site
  • Utilities: Water Connected

Condo/Co-op/Association

  • Community Features: Community Dock, Shared Dock

Schools

  • Elementary School: James Island
  • High School: James Island Charter
  • Middle Or Junior School: James Island

Lot Info

  • Development Status: Site Planned, Subdivision
  • Lot Size Sq Ft: 2178
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3280000554

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2019
Sold by
Travers Kelly Malon Y and Estate Of Ronald Vanderbuilt M
Bought by
Travers Kelly Maloney and Maloney James Patrick
Current Estimated Value
$563,040

Purchase Details

Listed on
Jan 26, 2017
Closed on
Feb 21, 2017
Sold by
Berger David R and Berger Peggy D
Bought by
Maloney Ronald
Seller's Agent
Pricilla Svendsen
Carolina Real Estate Connection, LLC
Buyer's Agent
Chris Tertzagian
EXP Realty LLC
List Price
$365,000
Sold Price
$360,000
Premium/Discount to List
-$5,000
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%

Purchase Details

Closed on
Mar 30, 2009
Sold by
Dennis Edward James and Dennis Nancy White
Bought by
Dennis Edward James and Dennis Nancy White

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2008
Sold by
Piantek Kenneth P and Piantek Natalie N
Bought by
Berger David R and Berger Peggy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Travers Kelly Maloney -- None Available
Maloney Ronald $360,000 None Available
Dennis Edward James -- --
Berger David R $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dennis Edward James $210,000
Previous Owner Berger David R $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2018 08/27/18 Sold $175,000 0.0% --
07/28/2018 07/28/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $175,000 -51.4% --
02/24/2017 02/24/17 Sold $360,000 -1.4% $263 / Sq Ft View Prior Sale
02/05/2017 02/05/17 Pending -- -- --
01/26/2017 01/26/17 For Sale $365,000 -- $267 / Sq Ft
Source: CHS Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,535 $14,800 $0 $0
2023 $1,535 $14,800 $0 $0
2022 $99 $14,800 $0 $0
2021 $1,532 $14,800 $0 $0
2020 $1,580 $14,800 $0 $0
2019 $5,212 $14,400 $0 $0
2017 $1,082 $9,790 $0 $0
2016 $3,309 $14,680 $0 $0
2015 $3,128 $14,680 $0 $0
2014 $3,151 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 17033103

CHS Regional MLS

APN: 328-00-00-027