NOT LISTED FOR SALE

1572 W Ashley Ave Folly Beach, SC 29439

Estimated Value: $1,844,000 - $2,787,000

3 Beds
3.5 Baths
2,438 Sq Ft
$1,020/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $2,270,000 $931 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $16,095/month

4 Days on Market

Highlights

  • Floating Dock
  • Pier or Dock
  • 0.76 Acre Lot
  • James Island Elementary School Rated A-
  • River Access
  • Deck

About This Home

As of June 2022

Welcome to paradise! Vitamin Sea, as it is affectionately named, is a magnificent Folly Beach property. 1572 E Ashley Ave is a 3BR/3.5 Bath 2nd row beach house that has some of the most stunning 360 degree views of the ocean, the Morris Island Lighthouse, and the Folly River and marshes. This gorgeous raised home is also nestled on a tidal creek and has its own private dock. Currently used as a short term rental property with exceptional rental history, this home would also easily serve as a one-of-a-kind primary residence or 2nd home as well. Situated just past the famous ''Washout'' on Folly, this home has direct beach access just steps across the street and completely unobstructed views all around.The inverted floor plan design of this home is just ideal to capture both the stunning views and also provide more than enough room for family, friends or rental guests. Gorgeous Heart of Pine floors grace this home throughout. The 1st floor offers two bedrooms and two full baths. The oceanside bedroom is spacious and furnished to sleep a small army of kids or adults. It has its own walkout oceanside deck. The riverside bedroom is large, has it's own en-suite bathroom and it too has its own private deck; this one gazing out over the gorgeous marsh and Folly River.
Head upstairs to the 2nd floor and stretch out and relax in this extra large open concept space. The kitchen has granite countertops, stainless steel appliances, plenty of cabinets and island bar seating. The living room/dining room areas all look out to the unique views. Walk out to the huge oceanside deck complete with seating for dining, relaxing and grilling out. The ocean views are jaw dropping! The Master Suite is also located on the 2nd floor and sits on the riverside of the home. It is large and ultra private. It too also has its own private deck; this one with elevated river and marsh views.
It only gets better from here! Wander up to the 3rd floor rooftop area of this home and you will be blown away by the unbelievable views in every direction. The room is equipped with multiple retractable doors which allow for freedom of movement and decks on both the oceanside and riverside. The large seating area is unbeatable! Spend countless hours up in this unique area of the home and be completely mesmerized with the 360 degree elevated views....it is truly a must see! Watching your favorite team play from this rooftop area takes on a whole new life & attitude!
Are you a beach person? The beach is just steps across the street. Are you a boat or water person? Walk out to the end of your private dock, complete with its own floating dock which is perfect for a small boat or kayaks. Spend a morning or afternoon exploring all of the Folly creeks and river.
A very easy bike ride or golf cart ride lands you on Center Street to take in the full Folly vibe and enjoy all of the great dining and shopping options of the commercial district. A quick 20 minute drive will land you in the heart of downtown Charleston to enjoy all the magic and wonder that the Holy City has to offer.
The home was just completely repainted inside & out and is being sold completely furnished as well. This property truly has it all. The layout is perfect and the views will compete with any on Folly Beach! Easy beach access and your own private dock! This is the one you have been waiting for! Schedule your showing right away before this one is gone!

Last Agent to Sell the Property

Adam Killermann

Carolina One Real Estate Folly Beach License #56911 Listed on: 04/30/2022

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Katherine Cox

Coldwell Banker Realty License #80498

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,282

Year Built

  • Built in 2007

Lot Details

  • 0.76 Acre Lot
  • Property fronts a marsh
  • Tidal Wetland on Lot

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Cement Siding

Interior Spaces

  • 2,438 Sq Ft Home
  • 3-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Combination Dining and Living Room
  • Exterior Basement Entry
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • River Access
  • Floating Dock
  • Deck
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Community Details

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,282

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Contemporary
  • Year Built: 2007
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.76
  • Subdivision Name: None
  • Directions: Once On Folly Beach Take A Left On E Ashley Avenue - Just Past Washout On Left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 3 Stories
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 3
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, Walk-In Closet(s), Ceiling Fan(s), Family, Living/Dining Combo
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Outside Access
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Lot Features: .5 - 1 Acre
  • Waterfront Features: Marshfront, River Access, Tidal Creek, Waterfront - Shallow
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Exterior Features: Dock - Existing, Dock - Floating
  • Foundation Details: Raised, Pillar/Post/Pier
  • Patio And Porch Features: Deck, Front Porch, Porch - Full Front
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Other (Use Remarks)

Utilities

  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 33105.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4391400053

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2022
Closed on
May 31, 2022
Sold by
Potter Rentals Llc
Bought by
Grayson Investments Llc
Seller's Agent
Adam Killermann
Carolina One Real Estate Folly Beach
Buyer's Agent
Katherine Cox
Coldwell Banker Realty
List Price
$2,195,000
Sold Price
$2,270,000
Premium/Discount to List
$75,000
3.42%
Current Estimated Value
$2,432,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,905
Avg. Annual Appreciation
2.88%
Original Mortgage
$1,702,500
Outstanding Balance
$1,592,926
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$893,082

Purchase Details

Listed on
Feb 27, 2017
Closed on
Apr 17, 2017
Sold by
1572 East Ashley Ave Llc
Bought by
Potter Rentals Llc
Seller's Agent
Troy Barber
King and Society Real Estate
Buyer's Agent
Adam Killermann
Carolina One Real Estate Folly Beach
List Price
$980,000
Sold Price
$980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.83%
Original Mortgage
$800,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2015
Sold by
Gaither Cole A
Bought by
1572 East Ashley Ave Llc

Purchase Details

Closed on
Mar 7, 2007
Sold by
Gaither James and Gaither Rachel
Bought by
Gaither Cole A

Purchase Details

Closed on
Nov 27, 2006
Sold by
Gaither Cole A
Bought by
Gaither James and Gaither Rachel

Purchase Details

Closed on
Aug 28, 2006
Sold by
East Ashley Investments Llc and Gaither Cole
Bought by
Gaither Cole A

Purchase Details

Closed on
Apr 6, 2005
Sold by
Grapsity Judith W and Moseley Margie W
Bought by
Dickerson Pearl Wiles and Fogle Jessie Wiles
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
Grayson Investments Llc $2,270,000 None Listed On Document
Potter Rentals Llc $980,000 None Available
1572 East Ashley Ave Llc $680,000 --
Gaither Cole A -- None Available
Gaither James -- None Available
Gaither Cole A -- None Available
Dickerson Pearl Wiles -- --
East Ashley Investments Llc $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grayson Investments Llc $1,702,500
Previous Owner Potter Rentals Llc $800,000
Previous Owner 1572 East Ashley Ave Llc $840,000
Previous Owner Gaither Cole A $239,500
Closed Gaither Cole A --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $2,270,000 +3.4% $931 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/30/2022 04/30/22 For Sale $2,195,000 +124.0% $900 / Sq Ft
04/18/2017 04/18/17 Sold $980,000 0.0% $402 / Sq Ft
03/19/2017 03/19/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $980,000 -- $402 / 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 $33,282 $136,200 $0 $0
2023 $33,282 $136,200 $0 $0
2022 $13,638 $58,800 $0 $0
2021 $13,366 $58,800 $0 $0
2020 $13,193 $58,800 $0 $0
2019 $13,895 $58,800 $0 $0
2017 $9,208 $40,800 $0 $0
2016 $8,893 $40,800 $0 $0
2015 $9,554 $46,200 $0 $0
2014 -- $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: 22010956

CHS Regional MLS

APN: 439-14-00-053