NOT LISTED FOR SALE

111 E Arctic Ave Unit 302 Folly Beach, SC 29439

Estimated Value: $479,000 - $1,269,000

3 Beds
3 Baths
1,350 Sq Ft
$724/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $805,000 $596 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,233/month

4 Days on Market

Highlights

  • Beach Front
  • Deck
  • Sun or Florida Room
  • James Island Elementary School Rated A-
  • Wood Flooring
  • Balcony

About This Home

As of April 2021

Stunning 3 Bedroom Condo with porch access from living room and master bedroom!Rare opportunity to purchase a top floor OCEANFRONT condo on Folly Beach, next to the recently renovated pier! Kitchen and bathrooms are current and have been meticulously maintained. Breathtaking ocean views and beautiful sounds of crashing waves from the porch of this third floor condo.Parking garage for residents/renters located underneath the elevated condo complex; two spots per unit/alternating years. New roof.

Last Agent to Sell the Property

Sibita Proctor

Coldwell Banker Realty License #89499 Listed on: 02/09/2021

Coldwell Banker Realty

Last Buyer's Agent

Kim Mccuen

Brand Name Real Estate License #90750

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,140

Year Built

  • Built in 2000

Lot Details

  • Beach Front

Home Design

  • Raised Foundation

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Dishwasher
  • Dryer Hookup

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Closets
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Patio

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Community Details

Overview

  • Property has a Home Owners Association
  • Seaside Villas I Subdivision

Amenities

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,140

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2000
  • Property Sub Type: Single Family Attached
  • Subdivision Name: Seaside Villas I
  • Directions: Turn Left Onto Folly Rd., Turn Left Onto East Ashely Avenue, Turn Right Onto Sixth St. East, Turn Left Onto East Arctic Avenue, Destination On Right (on The Ocean, Next To The Pier!)
  • Unit Levels: Other (Use Remarks)
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condo Regime
  • ResoBuildingAreaSource: Assessor
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, Ceiling Fan(s), Living/Dining Combo, Sun
  • Master Bedroom Features: Multiple Closets

Exterior Features

  • Lot Features: 0 - .5 Acre
  • Waterfront Features: Beach Access, Beach Front
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Attached

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Dominion Energy

Condo/Co-op/Association

  • Community Features: Storage, Trash
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Multi Family

Tax Info

  • Tax Annual Amount: 9140.4

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2021
Closed on
Apr 8, 2021
Sold by
Haynes Scott and Haynes Stephanie
Bought by
Wilcox Robert J and Wilcox Carrie F
Seller's Agent
Sibita Proctor
Coldwell Banker Realty
Buyer's Agent
Kim Mccuen
Brand Name Real Estate
List Price
$805,000
Sold Price
$805,000
Current Estimated Value
$977,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,566
Avg. Annual Appreciation
4.27%
Original Mortgage
$178,000
Outstanding Balance
$160,453
Interest Rate
2.9%
Mortgage Type
Stand Alone Second
Estimated Equity
$817,113

Purchase Details

Listed on
Oct 13, 2018
Closed on
Nov 30, 2018
Sold by
Riley Ramon C and Riley Elinore L
Bought by
Haynes Scott and Haynes Stephanie
Seller's Agent
Jennifer Lepage
AgentOwned Realty Charleston Group
Buyer's Agent
Sibita Proctor
Coldwell Banker Realty
List Price
$675,000
Sold Price
$675,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$425,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2013
Sold by
Barker Adam S
Bought by
Riley Ramon C and Riley Elinore L

Purchase Details

Closed on
Dec 19, 2008
Sold by
Koontz Cynthia C
Bought by
Barker Adam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2000
Sold by
Creech Graham
Bought by
Koontz Cynthia C

Purchase Details

Closed on
May 25, 2000
Sold by
Seagrass Inc
Bought by
Covington Properties Inc and Creech Graham
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wilcox Robert J $805,000 None Available
Haynes Scott $675,000 None Available
Riley Ramon C $515,000 --
Barker Adam S $594,000 --
Koontz Cynthia C $450,000 --
Covington Properties Inc $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilcox Robert J $178,000
Previous Owner Haynes Scott $425,000
Previous Owner Barker Adam S $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2021 04/16/21 Sold $805,000 0.0% $596 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $805,000 +19.3% $596 / Sq Ft
12/06/2018 12/06/18 Sold $675,000 0.0% $500 / Sq Ft View Prior Sale
11/06/2018 11/06/18 Pending -- -- --
10/13/2018 10/13/18 For Sale $675,000 -- $500 / 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 $13,152 $48,300 $0 $0
2023 $11,946 $48,300 $0 $0
2022 $11,233 $48,300 $0 $0
2021 $9,259 $40,500 $0 $0
2020 $9,140 $40,500 $0 $0
2019 $9,624 $40,500 $0 $0
2017 $7,015 $30,900 $0 $0
2016 $6,776 $30,900 $0 $0
2015 $6,435 $30,900 $0 $0
2014 $6,202 $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: 21003496

CHS Regional MLS

APN: 328-14-00-378