NOT LISTED FOR SALE

112 E Huron Ave Unit A & B Folly Beach, SC 29439

Folly Beach Neighborhood

Estimated Value: $1,393,000 - $2,528,979

6 Beds
5.5 Baths
3,699 Sq Ft
$504/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $1,125,000 $304 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $13,318/month

18 Days on Market

Highlights

  • The community has rules related to allowing live work
  • Level Lot
  • 1-minute walk to Folly River Park
  • James Island Elementary School Rated A-
  • Heat Pump System

About This Home

As of March 2021

Rare Folly Beach downtown investment / development opportunity! This .24 acre property spans street-to-street from E. Huron Ave to E. Indian Ave within the Folly Beach Downtown Commercial zoning district. There are two attached residential units with a total of 6 bedrooms, with a commercial unit in the back facing E. Indian. 112 E. Huron has a long history as a successful mixed-use property and is ready for its next chapter. Downtown Commercial zoning allows for a broad range of potential uses, with other similar properties nearby having been developed into prime short-term rental clusters mixed with downstairs commercial uses. There is a dedicated beach access path along the East side of the lot, and classic Folly Beach amenities very nearby, such as Bert's Market, [More...]Taco Boy, Chico Feo, Sand Dollar Social Club, Center Street Coffee, McEvlin's Surf Shop, and many more. The Folly River park sits just behind the property off E. Indian Ave and provides wonderful access to the waterfront nearby. Fantastic potential for this well located site!

Last Listed By

Legrand Elebash

William Means Real Estate, LLC License #41630 Listed on: 11/20/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,132

Year Built

  • Built in 1950

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Slab Foundation

Interior Spaces

  • 3,699 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

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

Utilities

  • No Cooling
  • Heat Pump System

Community Details

  • Downtown Subdivision
  • The community has rules related to allowing live work

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,132

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1950
  • Property Sub Type: Single Family Attached
  • Lot Size Acres: 0.24
  • Subdivision Name: Downtown
  • Directions: Folly Beach Rd Until It Becomes Center St, Then Left On E Huron Ave. #112 Will Be On The Left Within The Commercial District.
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Duplex, Live/Work
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Entry Location: Ground Level
  • Fireplace: No

Exterior Features

  • Lot Features: 0 - .5 Acre, Level
  • Foundation Details: Basement, Slab

Utilities

  • Cooling Y N: No
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 10454.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281000043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Mar 8, 2021
Sold by
Wilson Jamie W
Bought by
Folly Beach Portfolio Llc
Seller's Agent
Legrand Elebash
William Means Real Estate, LLC
Buyer's Agent
Isabelle Martinez
Carolina Elite Real Estate
List Price
$1,125,000
Sold Price
$1,125,000
Total Days on Market
18
Current Estimated Value
$1,864,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,995
Avg. Annual Appreciation
19.78%
Original Mortgage
$25,740,000
Outstanding Balance
$6,813,228
Interest Rate
3.1%
Mortgage Type
Construction
Estimated Equity
-$4,416,616

Purchase Details

Closed on
Feb 25, 2011
Sold by
Rutledge Linda S
Bought by
Wilson Jamie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2004
Sold by
Bullock Linda S
Bought by
Rutledge Linda S

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
Folly Beach Portfolio Llc $1,125,000 None Available
Wilson Jamie W $325,000 --
Rutledge Linda S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Folly Beach Portfolio Llc $25,740,000
Previous Owner Wilson Jamie W $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $1,125,000 0.0% $304 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
11/20/2020 11/20/20 For Sale $1,125,000 -- $304 / 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 $35,132 $142,500 $0 $0
2022 $172 $67,500 $0 $0
2021 $8,397 $35,710 $0 $0
2020 $8,293 $35,710 $0 $0
2019 $7,631 $31,050 $0 $0
2017 $7,090 $31,050 $0 $0
2016 $7,021 $31,050 $0 $0
2015 $6,749 $31,050 $0 $0
2014 $5,719 $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: 20031508

CHS Regional MLS

APN: 328-10-00-043