NOT LISTED FOR SALE

222 E Arctic Ave Folly Beach, SC 29439

Estimated Value: $1,491,000 - $1,966,000

0.24 Acre
$7,549,717 Price per Acre
10,454 Sq Ft Lot

Last Sold December 18, 2015

Last sale price $410,000

Est. 342% increase in value since last sale

Current estimated payment $10,479/month

369 Days on Market

Highlights

  • Beach Access
  • Wooded Lot
  • Level Lot
  • James Island Elementary School Rated A-

About This Lot

As of December 2015

Second row CORNER lot with 50' beach access easement across the street. The easement will guarantee EXPANSIVE OCEAN VIEWS from this street to street lot. Short walking distance to Center Street (restaurants and shops). The house across the street is a 1 story home with a low roof line which means that a home on this lot would have excellent views from the second floor - great setup for an inverted floor plan. Tired of looking at 2nd row houses that are dated and/or below the base flood elevation (BFE)? Why not build and have a beautiful new home with great ocean views, beach access across the street, and a short walking distance to Center Street?

Last Agent to Sell the Property

Ulf Hartwig

Carolina One Real Estate Folly Beach License #13006 Listed on: 09/18/2014

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Ulf Hartwig

Carolina One Real Estate Folly Beach License #13006 Listed on: 09/18/2014

Carolina One Real Estate Folly Beach

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,821

Year Built

  • 2018

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 67x150x68x150
  • Level Lot
  • Wooded Lot
  • Finished Lot(s)

Schools

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

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

Overview

  • Folly Beach Subdivision

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$3,821

Year Built

2018

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.24
  • Lot Size: 67X150X68X150
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Folly Beach
  • Directions: From Center Street Going Towards The Beach, Turn Left Onto E Arctic Ave. The Lot Will Be On The Left On The Corner Of E Arctic And 3rd St.
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2018

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Level, Wooded
  • Waterfront Features: Beach Access

Garage/Parking

  • Open Parking: No

Utilities

  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected

Condo/Co-op/Association

  • Community Features: Central TV Available

Schools

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

Lot Info

  • Development Status: Finished Lot(s)
  • Lot Size Sq Ft: 10454.4
  • Number Of Lots: 1
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281400022
  • Tax Annual Amount: 3821

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2019
Sold by
Factor Michael A
Bought by
Michael A Factor Revocable Living Trust
Total Days on Market
369
Current Estimated Value
$1,811,932

Purchase Details

Listed on
Sep 18, 2014
Closed on
Dec 17, 2015
Sold by
Fuller Family Limited Partnership
Bought by
Factor Michael A
Seller's Agent
Ulf Hartwig
Carolina One Real Estate Folly Beach
Buyer's Agent
Ulf Hartwig
Carolina One Real Estate Folly Beach
List Price
$410,000
Sold Price
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.79%
Original Mortgage
$784,000
Outstanding Balance
$186,852
Interest Rate
2.87%
Mortgage Type
Construction
Estimated Equity
$1,595,666

Purchase Details

Closed on
Oct 11, 2012
Sold by
Fuller David E and Fuller Margaret B
Bought by
Fuller Family Limited Partnership
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 Buyer Sale Price Title Company
Michael A Factor Revocable Living Trust -- None Available
Factor Michael A $410,000 --
Fuller Family Limited Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Factor Michael A $784,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2015 12/18/15 Sold $410,000 0.0% --
11/18/2015 11/18/15 Pending -- -- --
09/18/2014 09/18/14 For Sale $410,000 -- --
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 $3,699 $39,200 $0 $0
2022 $1,451 $16,000 $0 $0
2021 $1,507 $16,000 $0 $0
2020 $5,351 $24,000 $0 $0
2019 $5,778 $24,600 $0 $0
2017 $5,485 $24,600 $0 $0
2016 $5,295 $24,600 $0 $0
2015 $4,300 $21,000 $0 $0
2014 $3,811 $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: 1425069

CHS Regional MLS

APN: 328-14-00-022