NOT LISTED FOR SALE

401 E Erie Ave Folly Beach, SC 29439

Estimated Value: $887,000 - $1,283,000

3 Beds
2 Baths
1,304 Sq Ft
$862/Sq Ft Est. Value

Last Sold July 02, 2020

Last sale price $650,000 $498 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $6,929/month

20 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Front Porch
  • James Island Elementary School Rated A-
  • Cottage
  • 5-minute walk to Pirates Cove Playground

About This Home

As of July 2020

Do not Miss this Folly Beach home located on a corner lot perfect for a full time resident or as a rental property with its excellent vacation rental history. This turn key home is only 2 blocks from the Beach & 4 blocks from Center St restaurants/ shops, Folly Pier, & Folly Beach Boat Landing. This recently renovated 3 bedroom, 2 full bath cottage is perfect for entertaining with its open floor plan. Upon entering you will notice the large kitchen with fabulous stainless steel appliances & a large dining space. This area flows into the living room flooded with natural light, creating an airy, inviting space to gather and relax.The rear of the home opens up to a one of a kind back yard. Prepare to marvel over the spacious screened in porch. This is a wonderful retreat to enjoy morning coffees or happy hours together after grilling on the back deck. Enjoy the spacious outdoor shower after a day at the beach. 2 areas for parking. Fenced in yard with a Large enough gate to park a boat in the backyard. All 3 bedrooms are located on the East side of the home with a full hall bath and laundry room, creating a feel of privacy. Large storage shed in yard. Truly a Folly Hidden Gem. Vacation rental history available upon request.

New HVAC installed in 2019  Termite bond in place

Last Agent to Sell the Property

Kristen Dixon

Carolina One Real Estate License #89579 Listed on: 04/30/2020

Carolina One Real Estate

Last Buyer's Agent

Carrie Rosen

Sweet Grass Real Estate, LLC License #91925

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,802

Year Built

  • Built in 1960

Lot Details

  • 5,227 Sq Ft Lot
  • Wrought Iron Fence
  • Wood Fence
  • Aluminum or Metal Fence

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Architectural Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,304 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling Fan
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Screened Patio
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,802

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Cottage
  • Year Built: 1960
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.12
  • Subdivision Name: None
  • Directions: Center St. Left On Erie. 4th Block On The Corner
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Smooth, Eat-in Kitchen, Living/Dining Combo
  • Master Bedroom Features: Ceiling Fan(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Architectural
  • Fencing: Wrought Iron, Fence - Metal Enclosed, Fence - Wooden Enclosed
  • Construction Type: Stucco, Wood Siding
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck, Patio, Front Porch, Screened
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Dominion Energy
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281500138
  • Tax Annual Amount: 4801.7

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2020
Closed on
Jul 1, 2020
Sold by
Sweet Paige Bickel and Sweet Jared A
Bought by
Tatum David Paul and Tatum Lea Maier
Seller's Agent
Kristen Dixon
Carolina One Real Estate
Buyer's Agent
Carrie Rosen
Sweet Grass Real Estate, LLC
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%
Current Estimated Value
$1,123,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,612
Avg. Annual Appreciation
11.64%
Original Mortgage
$510,000
Outstanding Balance
$461,204
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$684,965

Purchase Details

Closed on
Dec 3, 2001
Sold by
Sweet Jared A
Bought by
Sweet Paige Bickel

Purchase Details

Closed on
Mar 31, 2000
Sold by
Edward Neuner
Bought by
Sweet Jared A
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
Tatum David Paul $650,000 None Available
Sweet Paige Bickel -- --
Sweet Jared A $183,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tatum David Paul $510,000
Previous Owner Sweet Jared A $165,000
Previous Owner Sweet Jared A $177,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2020 07/02/20 Sold $650,000 -7.0% $498 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $699,000 -- $536 / 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 $9,689 $39,000 $0 $0
2023 $9,689 $39,000 $0 $0
2022 $9,103 $39,000 $0 $0
2021 $8,923 $39,000 $0 $0
2020 $5,223 $22,810 $0 $0
2019 $4,802 $19,840 $0 $0
2017 $4,566 $19,840 $0 $0
2016 $4,412 $19,840 $0 $0
2015 $4,180 $19,840 $0 $0
2014 $3,522 $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: 20011398

CHS Regional MLS

APN: 328-15-00-138