$943,750
SOLD MAY 10, 2021

122 E Arctic Ave Unit 4 Folly Beach, SC 29439

4 Beds
2.5 Baths
2,614 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$361 Per Sq Ft

2% Above List Price

83 Days on Market

Highlights

  • Boat Ramp
  • Beach Access
  • Cathedral Ceiling
  • James Island Elementary School Rated A-
  • Two Primary Bedrooms
  • Wood Flooring

About This Home

As of May 2022

The perfect place to escape. Stunning ocean views from an expansive full front porch, wonderful open living space, great location, new roof, new HVAC, new hardwood floors, but most importantly beach access for those times when you need to get away. Large open porch offers owners and guests beautiful ocean views and a breeze that will create lasting memories. Located across from County Park property and on a one way street that is only steps from the beach, The Penthouse is the entire top floor of the building and has four dedicated off street parking spaces and an outdoor shower. Come inside and enjoy vaulted ceilings, gas range, tankless water heater, and four spacious bedrooms including two master suites with beautiful views.Two great loft areas offer you and your guests space for extra beds, a game room or media area.

This wonderful property is perfectly located one block away from everything Folly Beach has to offer while still maintaining a great "off main street" feel. Entire building is one of the few properties on public water and sewer and located within the lower height restriction corridor for better views. Ownership is 2/5 of property; great for HOA voting and sharing of expenses with the 3 owners of the villas below (HOA fee covers building insurance, flood insurance, termite bond, landscaping and fire sprinkler inspection). Only a short drive to Historic Downtown Charleston, but so nice you and your guests won't want to leave. This gorgeous penthouse condo unit is the perfect beach getaway.

Last Agent to Sell the Property

Noah Moore

Carolina One Real Estate License #90011 Listed on: 01/05/2021

Carolina One Real Estate

Co-Listed By

Everett Presson

Carolina One Real Estate License #23437

Last Buyer's Agent

Robin Crump

The Boulevard Company License #70383

The Boulevard Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,201

Year Built

  • Built in 1999

Lot Details

  • Elevated Lot

Parking

  • Off-Street Parking

Home Design

  • Raised Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,614 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Loft
  • Bonus Room
  • Game Room
  • Utility Room
  • Laundry Room
  • Exterior Basement Entry

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet

Outdoor Features

  • Beach Access
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Tankless Water Heater

Community Details

Overview

  • Property has a Home Owners Association
  • Front Yard Maintenance

Recreation

  • Boat Ramp
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,201

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1999
  • Property Sub Type: Single Family Attached
  • Co List Office Mls Id: 1189
  • Co List Office Phone: 843-886-8110
  • Ownership: Condominium
  • Subdivision Name: None
  • Directions: From Center Street, Take Left On E Arctic Ave. Building Is One Block Down On The Left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Tankless Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Cathedral/Vaulted, Ceiling - Smooth, High Ceilings, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Bonus, Eat-in Kitchen, Family, Game, Great, Living/Dining Combo, Loft, Pantry, Utility
  • Window Features: Window Treatments - Some
  • Master Bedroom Features: Ceiling Fan(s), Dual Masters, Outside Access, Walk-In Closet(s)

Exterior Features

  • Roof: Architectural
  • Lot Features: 0 - .5 Acre, High
  • Waterfront Features: Beach Access
  • Construction Type: Vinyl Siding
  • 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: Dryer Connection, Laundry Room
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Ramp, Lawn Maint Incl, Trash, Walk/Jog Trails
  • 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
Total Days on Market
83
Current Estimated Value
$1,567,215

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,300,000 --
Deed $1,646,000 None Listed On Document
Deed $943,750 None Listed On Document
Deed -- --
Quit Claim Deed -- None Available
Deed $878,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,240,000 New Conventional
Previous Owner $755,000 New Conventional
Previous Owner $494,250 Adjustable Rate Mortgage/ARM
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
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

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Map

Source: CHS Regional MLS

MLS Number: 21000266

CHS Regional MLS

APN: 328-14-00-461