NOT LISTED FOR SALE

122 E Arctic Ave Unit 3 Folly Beach, SC 29439

Estimated Value: $618,000 - $683,000

1 Bed
1 Bath
700 Sq Ft
$926/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $475,000 $679 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,451/month

5 Days on Market

Highlights

  • Wood Flooring
  • Front Porch
  • Walk-In Closet
  • James Island Elementary School Rated A-
  • Eat-In Kitchen
  • Cooling Available

About This Home

As of July 2021

Stunning ocean views, and a great opportunity to own your very own cash flowing beach escape. With ideal location, 122 E Arctic is steps away from the beach, local grocery, and a short walk from downtown Folly. This home has been well maintained, (fresh paint 2020, new HVAC 2019, new roof 2019) and is ready for your enjoyment. With the option to buy furnished, and plenty of rentals on the books for 2021, this home is ready to be your turn key investment.All offers due by 6PM Sunday, May 23rd. Sellers will review offers and make a decision on Monday May 24th.

Last Agent to Sell the Property

Gordon Jenkinson

Carolina One Real Estate License #88872 Listed on: 05/18/2021

Co-Listed By

Mac Jenkinson

Carolina One Real Estate License #15288

Last Buyer's Agent

Carrie Rosen

Sweet Grass Real Estate, LLC License #91925

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,991

Year Built

  • Built in 1999

Lot Details

  • 5,227

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Raised Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Combination Dining and Living Room
  • Wood Flooring
  • Fire Sprinkler System

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,991

Year Built

Built in 1999

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Prop. Type: Residential
  • Year Built: 1999
  • Property Sub Type: Single Family Attached
  • Co List Office Mls Id: 1188
  • Co List Office Phone: 843-884-1800
  • Subdivision Name: None
  • Directions: Use Gps
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Structure Type: Condominium
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Ceiling - Smooth, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Living/Dining Combo
  • Master Bedroom Features: Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Architectural
  • Construction Type: Vinyl Siding
  • Foundation Details: Raised
  • Patio And Porch Features: Front Porch
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Laundry Features: Dryer Connection
  • Security: Fire Sprinkler System
  • 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: Trash
  • Association Fee: 325
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281400460
  • Tax Annual Amount: 3991.3

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Jun 30, 2021
Sold by
Moore Raymond C
Bought by
Williams Stephen Michael
Seller's Agent
Gordon Jenkinson
Carolina One Real Estate
Buyer's Agent
Carrie Rosen
Sweet Grass Real Estate, LLC
List Price
$399,000
Sold Price
$475,000
Premium/Discount to List
$76,000
19.05%
Current Estimated Value
$648,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,068
Avg. Annual Appreciation
6.84%
Original Mortgage
$380,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2006
Sold by
Bhi Investment Llc
Bought by
Moore Raymond C
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
Williams Stephen Michael $475,000 None Listed On Document
Williams Stephen Michael $475,000 None Listed On Document
Moore Raymond C $355,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Stephen Michael $380,000
Previous Owner Williams Stephen Michael $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $475,000 +19.0% $679 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $399,000 -- $570 / 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 $7,140 $28,500 $0 $0
2023 $7,140 $28,500 $0 $0
2022 $6,698 $28,500 $0 $0
2021 $4,042 $17,250 $0 $0
2020 $3,991 $17,250 $0 $0
2019 $3,672 $15,000 $0 $0
2017 $3,494 $15,000 $0 $0
2016 $3,378 $15,000 $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: 21013341

CHS Regional MLS

APN: 328-14-00-460