122 E Arctic Ave Unit 4 Folly Beach, SC 29439
Estimated Value: $982,000 - $1,877,000
6
Beds
4
Baths
2,491
Sq Ft
$629/Sq Ft
Est. Value
Highlights
- Beach Access
- Cathedral Ceiling
- Front Porch
- James Island Elementary School Rated A-
- Thermal Windows
- Cooling Available
About This Home
As of May 2022The 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
The Boulevard Company License #70383 Listed on: 02/04/2022
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
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
Total Days on Market
9
Current Estimated Value
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
-0.81%
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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 | $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
67 Total Sales
-
Sandra Odom
S
Buyer's Agent in 2022
Sandra Odom
Dunes Properties of Chas Inc
(843) 224-8858
6 in this area
33 Total Sales
-
Noah Moore
N
Seller's Agent in 2021
Noah Moore
Carolina One Real Estate
(843) 412-0263
2 in this area
128 Total Sales
-
Everett Presson
Seller Co-Listing Agent in 2021
Everett Presson
Carolina One Real Estate
(843) 886-8110
2 in this area
80 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 22002773
APN: 328-14-00-461
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