NOT LISTED FOR SALE

Estimated Value: $800,000 - $1,062,000

3 Beds
3.5 Baths
2,236 Sq Ft
$427/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $782,806 $350 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,416/month

79 Days on Market

Highlights

  • Community Boat Dock
  • Under Construction
  • Home Energy Rating Service (HERS) Rated Property
  • James Island Elementary School Rated A-
  • River Front
  • Deck

About This Home

As of December 2022

Waterfront Views!! Coastal Waterfront living at its finest at a location you can not beat at The Cove on Folly! Come on up & enjoy the spectacular surrounding waterfront and marsh views! Low country island living welcomes you with elevated main living in a stunning open floorplan. Airy 10-foot ceilings & 8' paneled doors meet with striking 5'' plank flooring as you enter the gourmet kitchen complete with SS Gas appliances including double ovens, gas cooktop, and vent hood. Seamlessly transition to your open dining space with its own front balcony. Toward the rear of the home a spacious family room overlooking the water and surrounded by the tranquil lush Lowcountry marsh. Off the family room is a pocket office providing private work zone. Luxury awaits on the 3rd level with a designinspired primary suite styled with frameless tiled shower, dual vanities w/quartz countertops & separate water closet. wooden-shelved sizeable walk-in closet. Bedrooms 2 & 3 are set in the back of level 3 with gorgeous views of the water. A practically placed laundry room is easily accessible by all bedrooms. On the spacious 4th level loft you'll find a space that can be used for many purposes such as a media room, man cave, or even 4th bedroom. A 3rd full bathroom is also located on this level as well. Large sliding doors open from the Loft leading to the expansive rooftop terrace that offers stunning waterfront views and the perfect place to experience the breathtaking sunsets! Bike or walk to Folly Beach, Community dock w/ day slip deep water boat access, and less than 2 miles away from all the fabulous restaurant's and shops Folly Beach has to offer! Estimated completion: April 2022

Last Agent to Sell the Property

Suzanne Scholz

SM SOUTH CAROLINA BROKERAGE LLC License #47332 Listed on: 08/31/2021

Last Buyer's Agent

Cortney Franklin

Pam Harrington Exclusives License #104587

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 2,178 Sq Ft Lot
  • Property fronts a marsh
  • River Front

HOA Fees

  • $141 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Raised Foundation
  • Architectural Shingle Roof
  • Cement Siding

Interior Spaces

  • 2,236 Sq Ft Home
  • 4-Story Property
  • Wet Bar
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • ENERGY STAR Qualified Windows
  • Combination Dining and Living Room
  • Home Office
  • Loft
  • Bonus Room
  • Fire Sprinkler System

Kitchen

  • Eat-In Kitchen
  • Built-In Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Eco-Friendly Details

  • Home Energy Rating Service (HERS) Rated Property

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Front Yard Maintenance
  • Built by Stanley Martin
  • The Cove At Folly Subdivision

Recreation

  • Community Boat Dock

Home Details

Home Type

Single Family

Year Built

Built in 2021 | Under Construction

Lot Details

2,178 Sq Ft Lot

HOA Fees

$141 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 2021
  • Property Sub Type: Single Family Attached
  • Lot Size Acres: 0.05
  • Ownership: Fee Simple
  • Subdivision Name: The Cove at Folly
  • Directions: Approximately .5 Miles Past Folly Road Harris Teeter. Subdivision On Right Corner Of Folly Road And Bowens Island Road
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Multi-Story
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Building Stories: 4
  • Structure Type: Townhouse
  • Special Features: NewHome
  • Stories: 4

Interior Features

  • Appliances: Built-In Gas Oven, Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, High Ceilings, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Wet Bar, Ceiling Fan(s), Bonus, Eat-in Kitchen, Living/Dining Combo, Loft, Office, Pantry
  • Window Features: ENERGY STAR Qualified Windows
  • Master Bedroom Features: Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Architectural
  • Waterfront Features: Marshfront, River Front
  • Waterfront: Yes
  • Home Warranty: Yes
  • Builder Name: Stanley Martin
  • Construction Type: Cement Siding
  • Exterior Features: Balcony
  • Foundation Details: Raised
  • Patio And Porch Features: Deck
  • Property Condition: Under Construction

Garage/Parking

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

Utilities

  • Laundry Features: Dryer Connection, Washer Hookup, Laundry Room
  • Security: Fire Sprinkler System
  • Cooling Y N: No
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • 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: 2178

Green Features

  • Green Building Verification Type: HERS Index Score

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Nov 21, 2022
Sold by
Stanley Martin Homes Llc
Bought by
Yates Richard A and Yates Deana E
Seller's Agent
Suzanne Scholz
SM SOUTH CAROLINA BROKERAGE LLC
Buyer's Agent
Cortney Franklin
Pam Harrington Exclusives
List Price
$709,000
Sold Price
$782,806
Premium/Discount to List
$73,806
10.41%
Views
33
Current Estimated Value
$955,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,011
Avg. Annual Appreciation
6.30%
Original Mortgage
$626,244
Outstanding Balance
$604,279
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$351,538

Purchase Details

Closed on
Jul 13, 2022
Sold by
Stanley Martin Homes Llc
Bought by
Leland Patrick

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yates Richard A $782,806 None Listed On Document
Leland Patrick $331,439 --
Preserve At Clam Farm Marina Council Of -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yates Richard A $626,244
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $782,806 +10.4% $350 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $709,000 -- $317 / Sq Ft
Source: CHS Regional MLS

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 $2,963 $31,310 $0 $0
2023 $2,999 $46,970 $0 $0
2022 $1,580 $6,900 $0 $0
2021 $1,319 $5,880 $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: 21023895

CHS Regional MLS

APN: 331-00-00-326

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