NOT LISTED FOR SALE

122 E Arctic Ave Unit 4 Folly Beach, SC 29439

Estimated Value: $1,567,000 - $1,953,000

6 Beds
4 Baths
2,491 Sq Ft
$713/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $1,646,000 $661 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,947/month

9 Days on Market

Highlights

  • Beach Access
  • Cathedral Ceiling
  • Front Porch
  • James Island Elementary School Rated A-
  • Thermal Windows
  • Cooling Available

About This Home

As of May 2022

The perfect beach house penthouse for anyone looking to have a place to spend vacation time in a particular slice of Heaven or searching for a revenue generating vacation rental! As you wait to take your daily stroll on the beach, watch the sunrise from your top floor full porch. Not an early riser? Then stay in bed and watch from your sliding door! This beach penthouse boasts 6 bedrooms and 4 1/2 baths which consist of two bedrooms en suite. There's a fully stocked, gorgeous kitchen open to the family room. Plenty of room to spread out with family and friends. Even better, PLENTY of coveted beach parking, and just across the street from Charleston County Park's access path, only a block and a half from the Town's shops and restaurants, and famous BERT'S Corner Store steps away! Currently registered as a vacation rental home as well. While 2021 consisted of extensive renovations (see property disclosure for details), there was still generous revenue. Projected earning for 2022 are available throug a local successful management company. Revenues are anticipated of up to 187K for the year. The current reservations already established show that goal to be quite attainable.
PARKING is a big bonus. There are two designated spots the foot of the penthouse stairs. There is additional parking for all units in the front - the ocean side of the house.

This address will make you want to display proudly that ''LOCAL'' bumper sticker! SURF'S UP!

Last Agent to Sell the Property

Robin Crump

The Boulevard Company License #70383 Listed on: 02/04/2022

The Boulevard Company

Last Buyer's Agent

Sandra Odom

Dunes Properties of Chas Inc License #7958

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,201

Year Built

  • Built in 1996

Lot Details

  • 5,227

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Raised Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 2,491 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Insulated Doors
  • Great Room with Fireplace
  • Family Room
  • Dining Room with Fireplace
  • Exterior Basement Entry
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • No Heating
  • Tankless Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,201

Year Built

Built in 1996

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Prop. Type: Residential
  • Year Built: 1996
  • Property Sub Type: Single Family Attached
  • Ownership: Condominium
  • Subdivision Name: None
  • Directions: Folly To The End Of Center St., Turn Left, Next Block On Your Left On The Corner
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Condo Regime, Condominium
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, Tankless Water Heater
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace Features: Dining Room, Great Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Ceiling Fan(s), Family, Living/Dining Combo
  • Window Features: Thermal Windows/Doors
  • Master Bedroom Features: Outside Access

Exterior Features

  • Roof: Architectural
  • Waterfront Features: Beach Access
  • Foundation Details: Raised
  • Patio And Porch Features: Front Porch, Porch - Full Front
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Dominion Energy

Condo/Co-op/Association

  • Community Features: Other, Trash
  • Association Fee: 750
  • 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: 3281400461

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2022
Sold by
Harris Austin Keith
Bought by
Boone Thomas M
Current Estimated Value
$1,776,610

Purchase Details

Listed on
Feb 4, 2022
Closed on
May 10, 2022
Sold by
Matthew West
Bought by
Harris Austin Keith
Seller's Agent
Robin Crump
The Boulevard Company
Buyer's Agent
Sandra Odom
Dunes Properties of Chas Inc
List Price
$1,495,000
Sold Price
$1,646,000
Premium/Discount to List
$151,000
10.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.97%
Original Mortgage
$1,240,000
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2021
Closed on
May 7, 2021
Sold by
Phlegar Iii Walter S
Bought by
West Matthew and West Brandyun
Seller's Agent
Noah Moore
Carolina One Real Estate
Buyer's Agent
Robin Crump
The Boulevard Company
List Price
$925,000
Sold Price
$943,750
Premium/Discount to List
$18,750
2.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.52%
Original Mortgage
$755,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2012
Sold by
Island Time Investments Llc
Bought by
Phlegar Walter S and Phlegar Kathy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,250
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 2006
Sold by
Phlegar Walter S and Phlegar Kathy H
Bought by
Island Time Investments Llc

Purchase Details

Closed on
Jun 20, 2006
Sold by
Bhi Investment Llc
Bought by
Phlegar Walter S and Phlegar Kathy H
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
Boone Thomas M $1,300,000 --
Harris Austin Keith $1,646,000 None Listed On Document
West Matthew $943,750 None Listed On Document
Phlegar Walter S -- --
Island Time Investments Llc -- None Available
Phlegar Walter S $878,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harris Austin Keith $1,240,000
Previous Owner West Matthew $755,000
Previous Owner Phlegar Walter S $494,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $1,646,000 +10.1% $661 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $1,495,000 +58.4% $600 / Sq Ft
05/10/2021 05/10/21 Sold $943,750 +2.0% $361 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $925,000 -- $354 / 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 $18,201 $74,070 $0 $0
2023 $18,201 $74,070 $0 $0
2022 $13,141 $56,630 $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
2015 $3,193 $15,000 $0 $0
2014 $4,847 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robin Crump

    Seller's Agent in 2022

    Robin Crump

    The Boulevard Company

    (843) 813-5688

    2 in this area

    65 Total Sales

    Robin Crump
    Section Image

  • S

    Buyer's Agent in 2022

    Sandra Odom

    Dunes Properties of Chas Inc

    (843) 224-8858

    6 in this area

    31 Total Sales

    Sandra Odom
    Section Image

  • N

    Seller's Agent in 2021

    Noah Moore

    Carolina One Real Estate

    (843) 412-0263

    2 in this area

    123 Total Sales

    Noah Moore
    Section Image
  • Everett Presson

    Seller Co-Listing Agent in 2021

    Everett Presson

    Carolina One Real Estate

    (843) 886-8110

    2 in this area

    70 Total Sales

    Everett Presson
    Section Image
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Map

Source: CHS Regional MLS

MLS Number: 22002773

CHS Regional MLS

APN: 328-14-00-461

South Carolina Charleston County Folly Beach 29439

122 E Arctic Ave Unit 4, Folly Beach, SC

This home is located at 122 E Arctic Ave Unit 4, Folly Beach, SC 29439 since 04 February 2022 and is currently estimated at $1,776,610, approximately $713 per square foot. This property was built in 1996. 122 E Arctic Ave Unit 4 is a home located in Charleston County with nearby schools including James Island Elementary School and Camp Road Middle.

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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