NOT LISTED FOR SALE

503 E Erie Ave Folly Beach, SC 29439

Estimated Value: $550,000 - $1,693,000

4 Beds
2 Baths
1,624 Sq Ft
$539/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $600,000 $369 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,432/month

150 Days on Market

Highlights

  • Traditional Architecture
  • Elevated Lot
  • 3-minute walk to Pirates Cove Playground
  • James Island Elementary School Rated A-
  • No Heating

About This Home

As of May 2024

Welcome to iconic Folly Beach, SC. 503 E Erie Ave is now vacant and ready for you to make it your Folly dream property. This property has always been a top & bottom dual long term rental. It is in need of a complete renovation, and once completed would offer its owner wonderful options as far as usage is concerned. 503 is located across the street from the City's very own park. Pickle ball, tennis, basketball and a dog park are all just steps away. This location is also just a very short skinny 3-block walk to the beach and just 5 blocks to Center St where you can enjoy all of the many dining and shopping options of the commercial district. Don't let this rare opportunity to own a unique & versatile Folly property pass you by.

Last Agent to Sell the Property

Adam Killermann

Carolina One Real Estate Folly Beach License #56911 Listed on: 11/02/2023

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Gentry Radwanski

Compass Carolinas, LLC License #86738

Compass Carolinas, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,399

Year Built

  • Built in 1939

Lot Details

  • 5,227 Sq Ft Lot
  • Elevated Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Masonry

Interior Spaces

  • 1,624 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • No Cooling
  • No Heating
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,399

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Traditional
  • Year Built: 1939
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.12
  • Subdivision Name: None
  • Directions: Center St To Erie. Left Onto E Erie. Property Is 2nd On Right After E 5th Across From Park.
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Location: Ground Level
  • Fireplace: No

Exterior Features

  • Lot Features: High
  • Construction Type: Block/Masonry
  • Foundation Details: Slab
  • Other Structures: No
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No
  • Sewer: Septic Tank
  • Utilities: City of Folly Beach, Dominion Energy
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281500152

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
May 16, 2024
Sold by
Virginia R Bonnette Revocable Living Tru and Bonnette Richard J
Bought by
Pons Andrew and Pons Mackenzie
Seller's Agent
Adam Killermann
Carolina One Real Estate Folly Beach
Buyer's Agent
Gentry Radwanski
Compass Carolinas, LLC
List Price
$895,000
Sold Price
$600,000
Premium/Discount to List
-$295,000
-32.96%
Total Days on Market
150
Views
352
Current Estimated Value
$876,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,008
Avg. Annual Appreciation
44.40%
Original Mortgage
$1,046,113
Outstanding Balance
$1,041,266
Interest Rate
8.75%
Mortgage Type
New Conventional
Estimated Equity
-$165,258

Purchase Details

Closed on
Sep 16, 2021
Sold by
Bonnette Virginia R
Bought by
Virginia R Bonnette Revocable Trust
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
Pons Andrew $600,000 None Listed On Document
Virginia R Bonnette Revocable Trust $4,054 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pons Andrew $1,046,113
Closed Pons Andrew $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $600,000 -14.2% $369 / Sq Ft
01/16/2024 01/16/24 Price Changed $699,000 -6.7% $430 / Sq Ft
01/06/2024 01/06/24 Price Changed $749,000 -11.4% $461 / Sq Ft
11/21/2023 11/21/23 Price Changed $845,000 -5.6% $520 / Sq Ft
11/07/2023 11/07/23 For Sale $895,000 -- $551 / 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
2023 $6,399 $25,200 $0 $0
2022 $5,984 $25,200 $0 $0
2021 $5,867 $25,200 $0 $0
2020 $5,793 $25,200 $0 $0
2019 $5,419 $22,310 $0 $0
2017 $5,154 $22,310 $0 $0
2016 $4,981 $22,310 $0 $0
2015 $4,795 $22,310 $0 $0
2014 $4,476 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Adam Killermann

    Carolina One Real Estate Folly Beach

    (843) 452-4967

    14 in this area

    61 Total Sales

    Adam Killermann
    Section Image

  • G

    Buyer's Agent in 2024

    Gentry Radwanski

    Compass Carolinas, LLC

    (843) 619-7816

    1 in this area

    153 Total Sales

    Gentry Radwanski
    Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 23025090

CHS Regional MLS

APN: 328-15-00-152

South Carolina Charleston County Folly Beach 29439

503 E Erie Ave, Folly Beach, SC

This home is located at 503 E Erie Ave, Folly Beach, SC 29439 since 02 November 2023 and is currently estimated at $876,008, approximately $539 per square foot. This property was built in 1939. 503 E Erie Ave is a home located in Charleston County with nearby schools including James Island Elementary School and Camp Road Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CHS Regional MLS The information is being provided by Charleston Trident MLS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2025 Charleston Trident MLS. All Rights Reserved

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