NOT LISTED FOR SALE

Estimated Value: $1,035,162 - $1,166,000

4 Beds
3.5 Baths
2,247 Sq Ft
$483/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $1,000,000 $445 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,348/month

78 Days on Market

Highlights

  • Boat Dock
  • Home Energy Rating Service (HERS) Rated Property
  • High Ceiling
  • James Island Elementary School Rated A-
  • Deck
  • Balcony

About This Home

As of September 2023

Come and see this newly completed (January 2023) townhouse with stunning water views in The Cove at Folly Beach. This cul-de-sac unit is being sold furnished and is only minutes from Folly Beach. This 4-bedroom, 3.5-bathroom townhome includes a gourmet kitchen with quartz tops, kitchen island, stainless refrigerator, double ovens, microwave, 6 burner gas cooktop, custom cabinetry, and 2 balconies on kitchen/living room level. The bedrooms feature tray ceilings, recessed lighting, ceiling fans, and the home includes the washer & dryer. The owner currently has the 3rd floor (which is the 4th bedroom with its own bathroom) set up as an additional living room with a full wet bar that opens to a South-facing rooftop deck featuring exceptional views of sunrise, sunset, tidal creeks and the FollyRiver. The home was constructed with an elevator shaft and has a 2-car enclosed garage with room for a golf cart plus a storage room. Included in the HOA/regime payments is a community dock with boat slips that can be purchased when they become available, lawn service, exterior maintenance, wind & hail/flood insurance, and annual termite bond. The owner currently has an H06 insurance policy to cover the inside of the unit and his cost is under $1000 per year. Please see the attached documents that include the covenants, restrictions, easements, by-laws, survey, elevation certificate, COA from the HOA and seller's disclosure This property is approved by the HOA for STR (short term rental) and qualifies for the current 4% STR licensing under the new Folly Beach Ordinance allowing STR rental for up to 72 days per year. There is no restriction for any rental agreements of 30 days or more. Contact your agent for more details. And the documents if you can't see them. Good luck with your home search. - Added 7/7 - current owner in negotiations with the HOA regarding a 30 foot boat slip. Please contact your agent for details before writing an offer

Last Agent to Sell the Property

Charles Holliday

Carolina One Real Estate License #66397 Listed on: 05/26/2023

Carolina One Real Estate

Last Buyer's Agent

Robin Jahn

Keller Williams Realty Charleston License #114497

Keller Williams Realty Charleston

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,770

Year Built

  • Built in 2023

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts a marsh
  • Cul-De-Sac
  • Tidal Wetland on Lot

HOA Fees

  • $141 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Raised Foundation
  • Architectural Shingle Roof
  • Cement Siding

Interior Spaces

  • 2,247 Sq Ft Home
  • 3-Story Property
  • Tray Ceiling
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Adaptable For Elevator

Eco-Friendly Details

  • Home Energy Rating Service (HERS) Rated Property
  • Energy-Efficient HVAC

Outdoor Features

  • Balcony
  • Deck
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Community Details

Overview

  • Front Yard Maintenance
  • The Cove At Folly Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,770

Year Built

Built in 2023

Lot Details

0

HOA Fees

$141 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 2023
  • Property Sub Type: Single Family Attached
  • Lot Size Acres: 0.06
  • Subdivision Name: The Cove at Folly
  • Directions: Folly Road Going Out To The Beach... Turn Right On Tides End Rd. 2133 Is In The Back On The Left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3 Stories, Multi-Story
  • New Construction: No
  • Efficiency: HVAC
  • Property Attached Yn: Yes
  • Building Stories: 3
  • Structure Type: Townhouse
  • Special Features: NewHome
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, ENERGY STAR Qualified Appliances, Tankless Water Heater
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: Ceiling - Smooth, Tray Ceiling(s), High Ceilings, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Living/Dining Combo, Pantry
  • Window Features: Window Treatments, ENERGY STAR Qualified Windows
  • Master Bedroom Features: Ceiling Fan(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Architectural
  • Lot Features: 0 - .5 Acre, Cul-De-Sac
  • Waterfront Features: Marshfront, Tidal Creek, Waterfront - Shallow
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Exterior Features: Balcony, Elevator Shaft
  • Foundation Details: Raised
  • Other Structures: None
  • Patio And Porch Features: Deck, Front Porch
  • Property Condition: Pre-Owned

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No
  • Parking Features: 2 Car Garage, Attached, Off Street, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: City of Folly Beach, Dominion Energy, James IS PSD
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Dock Facilities, Lawn Maint Incl
  • Association Fee: 1690
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres

Green Features

  • Green Building Verification Type: HERS Index Score

Tax Info

  • Tax Map Number: 3310000323

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2021
Closed on
Feb 10, 2023
Sold by
Stanley Martin Homes Llc
Bought by
Flaig Lucas
Seller's Agent
Suzanne Scholz
SM SOUTH CAROLINA BROKERAGE LLC
Buyer's Agent
Charles Holliday
Carolina One Real Estate
List Price
$714,570
Sold Price
$715,835
Premium/Discount to List
$1,265
0.18%
Views
6
Current Estimated Value
$1,067,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,284
Avg. Annual Appreciation
16.38%
Original Mortgage
$680,043
Outstanding Balance
$661,798
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$377,770

Purchase Details

Closed on
Jul 23, 2021
Sold by
Clam Farm Partnership Llc
Bought by
Preserve At Clam Farm Marina Council Of
Source: Public Records

Range of Values:

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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
Flaig Lucas $715,835 None Listed On Document
Preserve At Clam Farm Marina Council Of -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flaig Lucas $680,043
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $1,000,000 -4.8% $445 / Sq Ft
06/29/2023 06/29/23 Price Changed $1,050,000 -4.1% $467 / Sq Ft
06/01/2023 06/01/23 Price Changed $1,095,000 -8.4% $487 / Sq Ft
05/26/2023 05/26/23 For Sale $1,195,000 +66.9% $532 / Sq Ft
02/22/2023 02/22/23 Sold $715,835 +0.2% $320 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $714,570 -- $320 / 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 $3,770 $40,000 $0 $0
2023 $3,770 $28,630 $0 $0
2022 $1,616 $6,900 $0 $0
2021 $1,322 $5,890 $0 $0
2020 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: CHS Regional MLS

MLS Number: 23011880

CHS Regional MLS

APN: 331-00-00-323