NOT LISTED FOR SALE

710 E Arctic Ave Folly Beach, SC 29439

Estimated Value: $1,620,811 - $2,248,000

7 Beds
4 Baths
3,932 Sq Ft
$481/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $1,595,000 $406 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,320/month

126 Days on Market

Highlights

  • 1 Car Garage
  • James Island Elementary School Rated A-
  • No Heating

About This Home

As of June 2024

Updates completed in 2024! Experience the best of Folly Beach living with a smart investment at 710 E Avenue. This stunning, fully renovated triplex offers a unique blend of personal residence and rental opportunity. It features two charming ground-floor units, each with 2 bedrooms, 1 bath, screened porches, and patios, perfect for vacation rentals. The upper level houses a spacious 3-bedroom, 2-bath unit with a large loft, ideal for a primary residence. Live up top and rent out the bottom two units! Nestled just a short walk from the beach, enjoy glimpses of the ocean from the upper porch. This prime location, coupled with over $160,000 in renovations, makes it an attractive choice for both living and earning rental income.

Last Agent to Sell the Property

Mason Wright

Charleston Premier Realty License #113381 Listed on: 01/25/2024

Last Buyer's Agent

Sean Jager

Keller Williams Realty License #15090

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,641

Year Built

  • Built in 1942

Lot Details

  • 10,454 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 7 Bedrooms
  • 3,932 Sq Ft Home
  • 2-Story Property

Schools

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

Utilities

  • No Cooling
  • No Heating

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,641

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1942
  • Lot Size Acres: 0.24
  • Subdivision Name: None
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bedrooms: 7
  • Entry Location: Ground Level

Exterior Features

  • Roof: Asphalt
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Other Structures: None
  • Property Condition: Pre-Owned

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: No
  • Parking Features: 1 Car, Garage
  • Total Parking Spaces: 1

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 10454.4
  • Zoning Description: Conforming
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Map Number: 3281600071

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Jun 11, 2024
Sold by
Saluda Grade Short Term Rental Inc
Bought by
Emmett Erik
Seller's Agent
Mason Wright
Charleston Premier Realty
Buyer's Agent
Sean Jager
Keller Williams Realty
List Price
$1,950,000
Sold Price
$1,595,000
Premium/Discount to List
-$355,000
-18.21%
Views
113
Current Estimated Value
$1,814,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,121
Avg. Annual Appreciation
11.95%
Original Mortgage
$1,257,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2022
Sold by
Donold S Poole Revocable Living Trust
Bought by
Saluda Grande Short Term Rental Inc

Purchase Details

Closed on
Jul 16, 2004
Sold by
Poole Donold S and Poole Patricia M
Bought by
Poole Donold S and Poole Patricia M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Emmett Erik $1,595,000 None Listed On Document
Saluda Grande Short Term Rental Inc $1,900,000 --
Saluda Grande Short Term Rental Inc $1,900,000 None Listed On Document
Poole Donold S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emmett Erik $1,248,150
Previous Owner Emmett Erik $1,257,000
Previous Owner Saluda Grade Short Term Rental $1,425,000
Previous Owner Poole Donold S $137,500
Previous Owner Poole Patricia M $100,000
Previous Owner Poole Patricia M $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $1,595,000 -18.2% $406 / Sq Ft
01/25/2024 01/25/24 For Sale $1,950,000 -- $496 / 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 $28,641 $116,400 $0 $0
2023 $28,641 $114,000 $0 $0
2022 $12,169 $51,900 $0 $0
2021 $7,428 $41,080 $0 $0
2020 $7,404 $41,080 $0 $0
2019 $6,900 $36,320 $0 $0
2017 $6,567 $38,320 $0 $0
2016 $6,334 $38,320 $0 $0
2015 $6,294 $38,320 $0 $0
2014 $6,110 $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: 24002026

CHS Regional MLS

APN: 328-16-00-071