NOT LISTED FOR SALE

418 E Erie Ave Folly Beach, SC 29439

Estimated Value: $1,135,524 - $1,313,000

2 Beds
2 Baths
1,440 Sq Ft
$866/Sq Ft Est. Value

Last Sold February 29, 2016

Last sale price $545,000 $378 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $7,350/month

72 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Eat-In Kitchen
  • James Island Elementary School Rated A-
  • Cottage
  • 2-minute walk to Pirates Cove Playground

About This Home

As of February 2016

What a find! Newer construction cottage on a full lot in a central (desirable) location on Folly. This cottage has hardwood floors, granite tops, stainless steel appliances, gas range, tile floors in the bathrooms, vaulted ceiling in the living area, open floor plan, solid panel doors, fireplace, big screened porch, covered front porch, hardi plank siding, and more. This modern layout is perfect for entertaining and comfortable living. Compare this beautiful cottage to other single family homes on Folly Beach that are listed for less than $600,000.00 and you'll see how rare this offering is. Flood insurance cost is only $700.00/year. Walking distance to the beach and to Center Street.This home is built on a high part of the island so the stairs to the front porch are minimal.

Last Agent to Sell the Property

Ulf Hartwig

Carolina One Real Estate Folly Beach License #13006 Listed on: 12/05/2015

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Andrea Parler

ChuckTown Homes Powered by Keller Williams License #49160

ChuckTown Homes Powered by Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,377

Year Built

  • Built in 2013

Lot Details

  • 10,454 Sq Ft Lot
  • Elevated Lot

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Screened Patio

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Community Details

  • Folly Beach Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,377

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Cottage
  • Year Built: 2013
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.24
  • Ownership: Fee Simple
  • Subdivision Name: Folly Beach
  • Directions: On Center Street Going Towards The Beach, Turn Left Onto E Erie Avenue. The Home Will Be On The Left, #418, In Between 4th And 5th Streets.
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer/Dryer Stacked, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Cathedral/Vaulted, High Ceilings, Ceiling Fan(s), Eat-in Kitchen, Living/Dining Combo
  • Master Bedroom Features: Ceiling Fan(s)

Exterior Features

  • Roof: Architectural
  • Lot Features: High
  • Construction Type: See Remarks
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Screened
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Laundry Features: Dryer Connection
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: SCE & G
  • 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: 10454.4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281500193
  • Tax Annual Amount: 5377

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2015
Closed on
Feb 29, 2016
Sold by
Owens Richard C
Bought by
Collins Carmen R
Seller's Agent
Ulf Hartwig
Carolina One Real Estate Folly Beach
Buyer's Agent
Andrea Parler
ChuckTown Homes Powered by Keller Williams
List Price
$545,000
Sold Price
$545,000
Current Estimated Value
$1,253,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$708,357
Avg. Annual Appreciation
9.20%
Original Mortgage
$417,000
Outstanding Balance
$336,216
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$917,636

Purchase Details

Closed on
Jul 2, 2012
Sold by
Estate Of Betty Perry Martin and Earwood Tina Durant
Bought by
Earwood Tina Durant and Strickland Gloria Jean
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
Collins Carmen R $545,000 --
Earwood Tina Durant -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Carmen R $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2016 02/29/16 Sold $545,000 0.0% $378 / Sq Ft
01/30/2016 01/30/16 Pending -- -- --
12/04/2015 12/04/15 For Sale $545,000 -- $378 / 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 $8,378 $33,600 $0 $0
2023 $8,378 $33,600 $0 $0
2022 $7,867 $33,600 $0 $0
2021 $7,711 $33,600 $0 $0
2020 $7,530 $33,230 $0 $0
2019 $7,803 $32,700 $0 $0
2017 $7,414 $32,700 $0 $0
2016 $6,005 $27,290 $0 $0
2015 $5,699 $27,290 $0 $0
2014 $5,377 $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: 15030244

CHS Regional MLS

APN: 328-15-00-193