NOT LISTED FOR SALE

101 2nd St W Folly Beach, SC 29439

Estimated Value: $817,000 - $938,000

3 Beds
3 Baths
1,660 Sq Ft
$526/Sq Ft Est. Value

Last Sold February 02, 2023

Last sale price $824,500 $497 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,309/month

75 Days on Market

Highlights

  • River Access
  • In Ground Pool
  • High Ceiling
  • James Island Elementary School Rated A-
  • Wood Flooring
  • Balcony

About This Home

As of February 2023

Beautiful 3 bedroom/ 3 bath townhome with hardwood floors throughout, oak staircase, granite kitchen countertops, stainless steel appliances, crown molding, screened porch, large sundeck, and Jacuzzi tub. Water's Edge has a community pool and a community dock on the Folly River for boating, fishing, crabbing, or watching the sunset and dolphins. The elevated construction offers plenty of space (55 feet) under the home for up to 3 cars plus additional storage. The first floor offers a bedroom adjacent to a full bathroom. The well-appointed and functional kitchen w/ granite countertops, stainless steel appliances, and a center island opens to the living/dining area. The top floor features the master bedroom and 3rd bedroom, both with ensuite baths. Enjoy island living!Waters Edge is located on Folly Island within walking distance of the beach and Center St. shops and restaurants. The home is offered fully furnished and is currently on a vacation rental program. Excellent opportunity to fetch a wonderful vacation home on the island for an excellent value. A short-term rental license can be obtained for this home during the moratorium.

Last Agent to Sell the Property

Ulf Hartwig

Carolina One Real Estate Folly Beach License #13006 Listed on: 11/04/2022

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Robin Jahn

Keller Williams Realty Charleston License #114497

Keller Williams Realty Charleston

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,768

Year Built

  • Built in 2005

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 21x70
  • Property fronts a marsh

HOA Fees

  • $545 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Raised Foundation
  • Architectural Shingle Roof
  • Cement Siding

Interior Spaces

  • 1,660 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Garden Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • River Access
  • Shared Dock
  • Balcony
  • Screened Patio

Schools

  • James Island Elementary School
  • Camp Road Middle School
  • James Island Charter High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

Overview

  • Front Yard Maintenance
  • Waters Edge Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,768

Year Built

Built in 2005

Lot Details

0

HOA Fees

$545 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Year Built: 2005
  • Property Sub Type: Single Family Attached
  • Lot Size Acres: 0.03
  • Lot Size: 21x70
  • Ownership: Fee Simple
  • Subdivision Name: Waters Edge
  • Directions: Center Street Turn On W Indian. Turn Right On W 2nd Street And Follow Road To Water's Edge. 101 Is On The Left Hand Side.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Condo Regime, Townhouse
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Living/Dining Combo
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Garden Tub/Shower
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Architectural
  • Lot Features: 0 - .5 Acre
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: Marshfront, River Access, Seawall
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Exterior Features: Balcony, Dock - Shared
  • Foundation Details: Raised
  • Patio And Porch Features: Screened
  • Property Condition: Pre-Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: No
  • Parking Features: 3 Car Garage, Attached, Off Street, Garage Door Opener
  • Total Parking Spaces: 3

Utilities

  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lawn Maint Incl, Pool, Trash
  • Association Fee: 545
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 1306.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281000208
  • Tax Annual Amount: 6768

Multi Family

  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Feb 2, 2023
Sold by
Snyder James L
Bought by
Xena It Llc
Seller's Agent
Ulf Hartwig
Carolina One Real Estate Folly Beach
Buyer's Agent
Robin Jahn
Keller Williams Realty Charleston
List Price
$925,000
Sold Price
$824,500
Premium/Discount to List
-$100,500
-10.86%
Views
547
Current Estimated Value
$872,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,181
Avg. Annual Appreciation
3.08%

Purchase Details

Listed on
Apr 5, 2017
Closed on
Aug 17, 2017
Sold by
101 West Second Llc
Bought by
Snyder James L and Snyder Julie Kay
Seller's Agent
Troy Barber
King and Society Real Estate
Buyer's Agent
Shawn Phillips
Brand Name Real Estate
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.25%
Original Mortgage
$85,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2015
Sold by
Reo Solutions Llc
Bought by
101 West Second Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2014
Sold by
Borcich Meredith L
Bought by
Reo Solutions Llc

Purchase Details

Closed on
Jul 5, 2005
Sold by
Koontz Raymond E and Koontz Nora A
Bought by
Borcich Meredith L

Purchase Details

Closed on
Jul 1, 2005
Sold by
Turtle Bay Development Llc
Bought by
Koontz Raymond E and Koontz Nora A
Source: Public Records

Range of Values:

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Average Value
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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
Xena It Llc $824,500 --
Xena It Llc $824,500 None Listed On Document
Snyder James L $485,000 Attorney
101 West Second Llc -- --
Reo Solutions Llc $380,000 --
Borcich Meredith L $489,000 --
Koontz Raymond E $415,187 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xena It Llc $618,375
Previous Owner Snyder James L $85,000
Previous Owner 101 West Second Llc $330,000
Previous Owner Borcich Meredith L $353,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2023 02/02/23 Sold $824,500 -10.9% $497 / Sq Ft
11/04/2022 11/04/22 For Sale $925,000 +90.7% $557 / Sq Ft
08/28/2017 08/28/17 Sold $485,000 0.0% $292 / Sq Ft
07/29/2017 07/29/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $485,000 -- $292 / 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 $12,230 $49,470 $0 $0
2023 $12,230 $29,400 $0 $0
2022 $6,905 $29,400 $0 $0
2021 $6,768 $29,400 $0 $0
2020 $6,682 $29,400 $0 $0
2019 $6,963 $29,100 $0 $0
2017 $5,221 $22,800 $0 $0
2016 $5,045 $22,800 $0 $0
2015 $4,784 $22,800 $0 $0
2014 $4,258 $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: 22028099

CHS Regional MLS

APN: 328-10-00-208