502 W Arctic Ave Folly Beach, SC 29439
Estimated Value: $1,594,000 - $2,240,000
2
Beds
2
Baths
1,080
Sq Ft
$1,863/Sq Ft
Est. Value
Highlights
- Cathedral Ceiling
- Wood Flooring
- Balcony
- James Island Elementary School Rated A-
- Cottage
- 4-minute walk to Pirates Cove Playground
About This Home
As of August 2021Welcome to this Classic & Renovated Folly Beach Cottage perfectly situated on a .24 acre double-corner parcel. The inviting southern porch is perfect for entertaining or curling up to read a book, all while taking in the sights, smells, and sounds of the ocean. A Full-Renovation and Elevated Foundation was completed on this two-bedroom and two-full-bath home in 2008. A second home and vacation get-away for the current family has embraced all the area has offered since purchasing in 1998. Every detail and design element was considered with the redesign of both the interior and exterior spaces. A beautifully appointed Open Floor Plan with an elegant kitchen featuring stainless steel appliances, granite countertops, a large center island with seating, gas range & cooktop, and walk-in pantry.The kitchen also includes a separate stackable laundry closet. The spacious bedrooms each include an ensuite bath and Built-In Custom Closets with drawers. You can find additional storage under the home in the attached two-car garage with additional space and a built-in surfboard shelving unit.
An ideal beach location that provides the tranquility of island living with beach access across the street, a private outdoor shower under the home's front steps, centrally located to all that Folly Beach has to offer but far enough away from the busy downtown Folly Beach activity.
During the renovation, the ceilings were vaulted, and rooms were opened, with new windows and French Doors added on the front and back of the home to provide additional access to the porches from the bedrooms. The porches allow additional living space to take in the ocean views and the lush landscape of this private lot decorated with Charleston live oaks and palm trees.
Highlighted Features: .24 Acres/Double-Lot, Hardwood Floors, HVAC 2020, Tankless Water Heater, New Roof 2019, and New Exterior Lighting and Fans, and an elevated foundation designed to hold three-stories.
Schedule your private tour today to learn more about this special home and Folly Beach!
Last Agent to Sell the Property
Smith Spencer Real Estate License #69294 Listed on: 07/21/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,899
Year Built
- Built in 1941
Lot Details
- 10,454 Sq Ft Lot
- Aluminum or Metal Fence
- Level Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Cottage
- Raised Foundation
- Asphalt Roof
- Cement Siding
Interior Spaces
- 1,080 Sq Ft Home
- 1-Story Property
- Smooth Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Combination Dining and Living Room
- Wood Flooring
- Exterior Basement Entry
- Laundry Room
Kitchen
- Eat-In Kitchen
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Balcony
- Exterior Lighting
- Front Porch
Schools
- James Island Elementary School
- Camp Road Middle School
- James Island Charter High School
Utilities
- Cooling Available
- Heat Pump System
- Tankless Water Heater
- Septic Tank
Community Details
Overview
- Folly Beach Subdivision
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2021
Closed on
Aug 12, 2021
Sold by
Reed Caroline B
Bought by
Deborah E Isaacs Revocable Trust
Seller's Agent
Kim Meyer
Smith Spencer Real Estate
Buyer's Agent
Stephanie Wilson-Hartzog
Carolina One Real Estate
List Price
$1,550,000
Sold Price
$1,575,000
Premium/Discount to List
$25,000
1.61%
Total Days on Market
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,373
Avg. Annual Appreciation
5.86%
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Deborah E Isaacs Revocable Trust | $1,575,000 | Bevon Law Firm |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Reed Carolina B | $120,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2021 08/13/21 | Sold | $1,575,000 | +1.6% | $1,458 / Sq Ft |
| 07/23/2021 07/23/21 | Pending | -- | -- | -- |
| 07/21/2021 07/21/21 | For Sale | $1,550,000 | -- | $1,435 / Sq Ft |
Source: CHS Regional MLS
Tax History Compared to Growth
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 | $5,899 | $63,000 | $0 | $0 |
| 2022 | $5,743 | $63,000 | $0 | $0 |
| 2021 | $7,442 | $32,400 | $0 | $0 |
| 2020 | $7,347 | $32,400 | $0 | $0 |
| 2019 | $7,733 | $32,400 | $0 | $0 |
| 2017 | $7,348 | $32,400 | $0 | $0 |
| 2016 | $7,097 | $32,400 | $0 | $0 |
| 2015 | $6,741 | $32,400 | $0 | $0 |
| 2014 | $6,054 | $0 | $0 | $0 |
| 2011 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Meyer
K
Seller's Agent in 2021
Kim Meyer
Smith Spencer Real Estate
(843) 416-2000
2 in this area
89 Total Sales
-
Stephanie Wilson-Hartzog
Buyer's Agent in 2021
Stephanie Wilson-Hartzog
Carolina One Real Estate
(843) 364-1386
1 in this area
64 Total Sales
Map
Source: CHS Regional MLS
MLS Number: 21019900
APN: 328-15-00-061
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