R
Seller's Agent in 2022
Reid Walker
The Exchange Company, LLC
(843) 725-8613
3 in this area
33 Total Sales
106 E Erie Ave Unit A, B, C Folly Beach, SC 29439
Estimated Value: $3,533,992 - $5,028,000
11
Beds
9
Baths
5,657
Sq Ft
$779/Sq Ft
Est. Value
Highlights
- Community Pool
- Central Air
- Heating Available
- James Island Elementary School Rated A-
- Ceiling Fan
- 3-minute walk to Folly River Park
About This Home
As of April 2022This Luxury Simplified custom designed commercial multi-family development was completed in 2019 and is A1/2 a block from Center Street. The 'Retreats on Hudson' commercial development includes three single family homes with each property having a private swimming pool. There are two, three-bedroom properties with over 1,500 ft^ living space, and one-five bedroom property with ~2,400 ft^ living space. This development was designed to provide the owners with the ability to maximize vacation rental income by utilizing a hybrid marketing approach. This development is rented as singles, a six-bedroom option, and a 10-11 bedroom compound and continues to satisfy the consumer demand for unique luxury multi-family vacation rental options in Charleston.Each single property has a private pool, but when rented as a multi-family the exterior garden space opens to the other, providing the ability to entertain easily between each unit. This luxury commercial development gross income currently exceeds $430K annually, and is on track to exceed this income in 2022. Call listing agent for additional financial information.
Last Agent to Sell the Property
The Exchange Company, LLC License #86737 Listed on: 12/22/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $49,541
Year Built
- Built in 2019
Lot Details
- 10,454 Sq Ft Lot
Home Design
- Triplex
Interior Spaces
- 11 Bedrooms
- 5,657 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Schools
- James Island Elementary School
- Camp Road Middle School
- James Island Charter High School
Utilities
- Central Air
- Heating Available
Community Details
Overview
- 3 Units
- Folly Beach Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 22, 2021
Closed on
Mar 30, 2022
Sold by
106 E Erie Llc
Bought by
Folly Beach Erie Llc
Seller's Agent
Reid Walker
The Exchange Company, LLC
Sold Price
$3,375,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,031,748
Avg. Annual Appreciation
7.92%
Original Mortgage
$2,700,000
Outstanding Balance
$2,525,229
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,881,519
Purchase Details
Closed on
Jan 10, 2005
Sold by
Horlbeck Creek Land Corp
Bought by
Holliday Family Terra Llc
Purchase Details
Closed on
Oct 7, 2002
Sold by
Hinton Dolly J
Bought by
Horlbeck Creek Land Corp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Folly Beach Erie Llc | $3,375,000 | None Listed On Document | |
| Holliday Family Terra Llc | $422,500 | -- | |
| Horlbeck Creek Land Corp | $355,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Folly Beach Erie Llc | $2,700,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2022 04/04/22 | Sold | $3,375,000 | -- | $597 / Sq Ft |
| 02/25/2022 02/25/22 | Pending | -- | -- | -- |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $49,541 | $202,500 | $0 | $0 |
| 2023 | $49,541 | $202,500 | $0 | $0 |
| 2022 | $16,085 | $69,000 | $0 | $0 |
| 2021 | $15,766 | $69,000 | $0 | $0 |
| 2020 | $15,563 | $69,000 | $0 | $0 |
| 2019 | $10,645 | $44,700 | $0 | $0 |
| 2017 | $7,829 | $34,390 | $0 | $0 |
| 2016 | $7,563 | $34,390 | $0 | $0 |
| 2015 | $7,188 | $34,390 | $0 | $0 |
| 2014 | $6,977 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Reid Walker
Map
Source: CHS Regional MLS
MLS Number: 21032914
APN: 328-14-00-120
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved
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