NOT LISTED FOR SALE

1731 W Ashley Ave Folly Beach, SC 29439

Estimated Value: $1,378,000 - $1,540,000

3 Beds
2 Baths
924 Sq Ft
$1,586/Sq Ft Est. Value

Last Sold December 28, 2020

Last sale price $850,000 $920 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $9,207/month

105 Days on Market

Highlights

  • Beach Front
  • Deck
  • Eat-In Kitchen
  • James Island Elementary School Rated A-
  • Cottage
  • Screened Patio

About This Home

As of December 2020

Looking for a piece of paradise at the ''Edge of America'', look no further! This quaint 3 bedroom, 2 bath, oceanfront cottage has been completely renovated and is on a successful rental program. The cottage was renovated with a new kitchen, all new baths, roof and HVAC system. As you enter the cottage you are greeted with a lovely open floor plan and two brand new sliding glass doors that leaves your ocean front view unobstructed. Enjoy the sounds of the waves from the screened in porch or while entertaining from the living area. This cottage sleeps 7 comfortably and is perfectly situated between the Morris Lighthouse and The Washout, and great spot for surfing. The lot is .33 of an acre, one of the larger oceanfront lots on Folly Beach.The beach is just steps away! You have your own boardwalk with benches that over looks the beach and the dunes and an outdoor shower for ultimate convenience. The cottage is being sold fully furnished and is completely turn-key with vacation rentals booked until the end of September, 2020. This is the perfect investment property or a quiet retreat for your family and friend.

Last Agent to Sell the Property

Kelly Wilburn

Nexthome Lowcountry License #106040 Listed on: 07/30/2020

Nexthome Lowcountry

Co-Listed By

Jim Hart

Nexthome Lowcountry License #47198

Last Buyer's Agent

Kelly Wilburn

Nexthome Lowcountry License #106040 Listed on: 07/30/2020

Nexthome Lowcountry

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,954

Year Built

  • Built in 1982

Lot Details

  • 0.33 Acre Lot
  • Beach Front
  • Partially Fenced Property

Home Design

  • Cottage
  • Raised Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 924 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Combination Dining and Living Room
  • Utility Room
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Carport
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient HVAC
  • ENERGY STAR/Reflective Roof

Outdoor Features

  • Deck
  • Screened Patio

Schools

  • James Island Elementary And Middle School
  • James Island Charter High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,954

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Cottage
  • Year Built: 1982
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.33
  • Co List Office Mls Id: 9744
  • Co List Office Phone: 803-780-4536
  • Ownership: Fee Simple
  • Subdivision Name: None
  • Directions: Take Folly Road And Turn Left On E Ashley Ave.
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Efficiency: HVAC, Roof
  • Property Attached Yn: No
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, ENERGY STAR Qualified Appliances
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Ceiling - Smooth, Ceiling Fan(s), Eat-in Kitchen, Family, Living/Dining Combo, Utility
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s)

Exterior Features

  • Roof: Asphalt
  • Fencing: Partial
  • Lot Features: 0 - .5 Acre
  • Waterfront Features: Beach Access, Beach Front
  • Waterfront: Yes
  • Construction Type: Wood Siding
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, Screened, Wrap Around
  • Property Condition: Pre-Owned

Garage/Parking

  • Carport Spaces: 3
  • Covered Parking Spaces: 3
  • Open Parking: No
  • Parking Features: 3 Car Carport, Off Street
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Dryer Connection, Laundry Room
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Charleston Water Service, Dominion Energy
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 4391600096
  • Tax Annual Amount: 10954

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2022
Sold by
Laura Rector
Bought by
Laura E Rector Revocable Trust
Current Estimated Value
$1,465,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,200
Outstanding Balance
$603,257
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$832,792

Purchase Details

Listed on
Jul 30, 2020
Closed on
Dec 11, 2020
Sold by
Sbab Properties Llc
Bought by
Rector Laura
Seller's Agent
Kelly Wilburn
Nexthome Lowcountry
Buyer's Agent
Kelly Wilburn
Nexthome Lowcountry
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.88%
Original Mortgage
$548,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2017
Closed on
Jun 19, 2018
Sold by
Landreth John N
Bought by
Sbab Properties Llc
Seller's Agent
Terry Bell-aby
Dunes Properties of Charleston Inc
Buyer's Agent
Jeff Cook
Jeff Cook Real Estate LPT Realty
List Price
$770,000
Sold Price
$770,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%

Purchase Details

Closed on
Nov 14, 2012
Sold by
First Citizens Bank & Trust Company Inc
Bought by
Landreth John N and Landreth Jane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2008
Sold by
Nicholson Suzanne F
Bought by
Nicholson Suzanne F

Purchase Details

Closed on
Aug 1, 2006
Sold by
Tmlf Ii Llc
Bought by
Nicholson Suzanne F

Purchase Details

Closed on
Mar 1, 2006
Sold by
Swan Jacquelyn G and Swan Brian A
Bought by
Tmlf Ii Llc
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
Laura E Rector Revocable Trust -- None Listed On Document
Rector Laura $850,000 None Available
Sbab Properties Llc $770,000 None Available
Landreth John N $550,000 --
Nicholson Suzanne F -- --
Suncoast Properties Of South Carolina Ll -- --
Nicholson Suzanne F -- None Available
Tmlf Ii Llc $1,050,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rector Laura $647,200
Previous Owner Rector Laura $548,250
Previous Owner Landreth John L $108,000
Previous Owner Landreth John N $412,500
Previous Owner Nicholson Suzanne F $1,170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $850,000 0.0% $920 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $850,000 +10.4% $920 / Sq Ft
07/06/2018 07/06/18 Sold $770,000 0.0% $833 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
07/24/2017 07/24/17 For Sale $770,000 -- $833 / 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 $14,681 $51,000 $0 $0
2023 $14,681 $51,000 $0 $0
2022 $11,852 $51,000 $0 $0
2021 $11,615 $51,000 $0 $0
2020 $10,403 $46,200 $0 $0
2019 $10,954 $46,200 $0 $0
2017 $7,481 $33,000 $0 $0
2016 $7,225 $33,000 $0 $0
2015 $6,863 $33,000 $0 $0
2014 $6,614 $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: 20021045

CHS Regional MLS

APN: 439-16-00-096