NOT LISTED FOR SALE

108 E Cooper Ave Unit A, B, C, D Folly Beach, SC 29439

Folly Beach Neighborhood

Estimated Value: $1,204,000 - $4,120,011

16 Beds
12 Baths
6,400 Sq Ft
$416/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $5,100,000 $797 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $17,170/month

51 Days on Market

Highlights

  • Community Pool
  • Central Air
  • Heating Available
  • James Island Elementary School Rated A-
  • Ceiling Fan
  • 4-minute walk to Folly River Park

About This Home

As of October 2022

This multi-family, custom-designed development was completed in 2018 and is located 1/2 block off Center Street. This asset is strategically located in the commercial district of Folly Beach and zoned 'general business'. It includes four four-bedroom properties, each offering a private pool and over 1,600 ft^ of luxury living space. This multi-family investment has been uniquely designed to maximize vacation rental income by utilizing a hybrid rental approach, e.g., singles, duplex, triplex, or quadplex, and is on track to exceed record income generated in 2021 with over $636,000 in projected booking revenue for 2022. Call listing agent for additional financial information. NOTE: Sale includes 105 E Erie Tax ID - 3281400477

Last Listed By

Reid Walker

The Exchange Company, LLC License #86737 Listed on: 07/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,076

Year Built

  • Built in 2018

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Quadruplex
  • Asphalt Roof

Interior Spaces

  • 16 Bedrooms
  • 6,400 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

  • 4 Units
  • Folly Beach Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,076

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2018
  • Lot Size Acres: 0.12
  • Subdivision Name: Folly Beach
  • Directions: From Folly Road, Take A Left On E Cooper. Property Will Be On Your Left.
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bedrooms: 16
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool

Schools

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

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281400093

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Oct 5, 2022
Sold by
105 E Erie Llc
Bought by
Four Bees Folly Llc
Seller's Agent
Reid Walker
The Exchange Company, LLC
Buyer's Agent
John Nunn
Rainbow Row Real Estate
List Price
$5,689,000
Sold Price
$5,100,000
Premium/Discount to List
-$589,000
-10.35%
Total Days on Market
51
Views
22
Current Estimated Value
$2,662,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,437,994
Avg. Annual Appreciation
-25.48%
Original Mortgage
$3,825,000
Outstanding Balance
$3,703,711
Interest Rate
5.66%
Mortgage Type
Construction
Estimated Equity
-$1,330,084

Purchase Details

Closed on
Jun 8, 2017
Sold by
Bridge Charleston Investments G Llc
Bought by
105 E Erie Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,726,350
Interest Rate
4.02%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 1, 2016
Sold by
Grey Court Enterprises Llc
Bought by
Bridge Charleston Investments G Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
3.52%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2014
Sold by
Bauer Saundrea N and Sineath Reby L
Bought by
Grey Court Enterprises Llc

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
Four Bees Folly Llc $5,100,000 --
105 E Erie Llc -- None Available
Bridge Charleston Investments G Llc $725,000 --
Grey Court Enterprises Llc -- --
Grey Court Enterprises Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Four Bees Folly Llc $3,825,000
Previous Owner 105 E Erie Llc $1,726,350
Previous Owner Grey Court Enterprises Llc $543,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $5,100,000 -10.4% $797 / Sq Ft
08/26/2022 08/26/22 For Sale $5,689,000 0.0% $889 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $5,689,000 -3.2% $889 / Sq Ft
07/06/2022 07/06/22 For Sale $5,875,000 -- $918 / 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
2023 $28,076 $114,750 $0 $0
2022 $72 $46,920 $0 $0
2021 $10,700 $46,920 $0 $0
2020 $10,562 $46,920 $0 $0
2019 $14,455 $61,200 $0 $0
2017 $5,388 $24,000 $0 $0
2016 $2,637 $12,000 $0 $0
2015 $2,483 $12,000 $0 $0
2014 $2,156 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Reid Walker

    The Exchange Company, LLC

    (843) 725-8613

    4 in this area

    40 Total Sales

    Reid Walker
    Section Image

  • J

    Buyer's Agent in 2022

    John Nunn

    Rainbow Row Real Estate

    (843) 991-8070

    2 in this area

    19 Total Sales

    John Nunn
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 22018066

CHS Regional MLS

APN: 328-14-00-093

South Carolina Charleston County Folly Beach 29439 Folly Beach

108 E Cooper Ave Unit A, B, C, D, Folly Beach, SC

Homes for Sale in Folly Beach, SC

This home is located at 108 E Cooper Ave Unit A, B, C, D, Folly Beach, SC 29439 since 06 July 2022 and is currently estimated at $2,662,006, approximately $415 per square foot. This property was built in 2018. 108 E Cooper Ave Unit A, B, C, D is a home located in Charleston County with nearby schools including James Island Elementary School, Camp Road Middle, and Septima P Clark Corporate Academy.

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.

CHS Regional MLS 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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