NOT LISTED FOR SALE

801 W Arctic Ave Folly Beach, SC 29439

Estimated Value: $2,016,378 - $2,430,000

3 Beds
3.5 Baths
2,066 Sq Ft
$1,097/Sq Ft Est. Value

Last Sold September 13, 2019

Last sale price $1,300,000 $629 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $13,667/month

332 Days on Market

Highlights

  • Beach Front
  • Two Primary Bedrooms
  • Deck
  • James Island Elementary School Rated A-
  • Cape Cod Architecture
  • Cathedral Ceiling

About This Home

As of September 2019

Welcome to 801 E Arctic - GREAT OPPORTUNITY! 1) Great location: not too close to Center Street which can get really crowded and not too far east where erosion is a big concern/ problem. The dune vegetation shows that this home is located at a stable part of the beach. 2) Very impressive vacation rental income history: With over $100,000 in gross rental income, this home far exceeds the rental income of similarly priced oceanfront homes. With years of proven rental income, this is a guaranteed winner. As soon as you walk in, the magnificent view of the ocean greets you. A 2-story ceiling in the family room is in the center of the home flanked by the open kitchen and dining area. The large master bedroom on the first floor has an ensuite bath and a screened porch.....The other 2 bedrooms are on the 2nd floor and both have there own private oceanfront deck. One of the upstairs bedrooms has an ensuite bath. The upstairs loft adds more space and overlooks the family room. The home has an elevator. Parking is underneath the home. The multiple decks and screened porches allow for many spots to enjoy the ocean breezes. Some of baths have been updated. This home has a good buffer with dunes and vegetation in front of the beach

Last Agent to Sell the Property

Ulf Hartwig

Carolina One Real Estate Folly Beach License #13006 Listed on: 08/22/2018

Carolina One Real Estate Folly Beach

Last Buyer's Agent

Dan Lorentz

The Boulevard Company License #51543

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,796

Year Built

  • Built in 1995

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 70x150
  • Beach Front

Parking

  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Architectural Shingle Roof
  • Cement Siding

Interior Spaces

  • 2,066 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Loft

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Double Master Bedroom
  • Dual Closets
  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Adaptable For Elevator

Outdoor Features

  • Deck
  • Screened Patio
  • Front Porch

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

$12,796

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Architectural Style: Cape Cod
  • Year Built: 1995
  • Property Sub Type: Single Family Detached
  • Lot Size Acres: 0.24
  • Lot Size: 70x150
  • Ownership: Fee Simple
  • Subdivision Name: Folly Beach
  • Directions: Center Street Thru The Traffic Light And Turn Left On E Arctic. House Is On The Left After 7 Blocks.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling - Cathedral/Vaulted, Ceiling - Smooth, Walk-In Closet(s), Ceiling Fan(s), Eat-in Kitchen, Family, Great, Living/Dining Combo, Loft
  • Window Features: Window Treatments
  • Master Bedroom Features: Ceiling Fan(s), Dual Masters, Garden Tub/Shower, Multiple Closets, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: Lower

Exterior Features

  • Roof: Architectural
  • Lot Features: 0 - .5 Acre
  • Waterfront Features: Beach Access, Beach Front
  • Waterfront: Yes
  • Construction Type: Cement Plank
  • Exterior Features: Elevator Shaft
  • Foundation Details: Raised, Pillar/Post/Pier
  • Patio And Porch Features: Deck, Front Porch, Screened
  • Property Condition: Pre-Owned

Garage/Parking

  • Open Parking: No
  • Parking Features: Attached, Off Street

Utilities

  • Laundry Features: Dryer Connection, Laundry Room
  • 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: 3281600011
  • Tax Annual Amount: 12796.5

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2018
Closed on
Aug 15, 2019
Sold by
Burren Christopher and Burren Kelley
Bought by
Montie Daryl T and Montie Susan K
Seller's Agent
Ulf Hartwig
Carolina One Real Estate Folly Beach
Buyer's Agent
Dan Lorentz
The Boulevard Company
List Price
$1,300,000
Sold Price
$1,300,000
Current Estimated Value
$2,265,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$965,595
Avg. Annual Appreciation
9.68%
Original Mortgage
$1,040,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2012
Sold by
Hatcher Ann Elizabeth Smith
Bought by
Burren Christopher and Burren Kelley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
2.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Montie Daryl T $1,300,000 None Available
Burren Christopher $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montie Daryl T $1,040,000
Previous Owner Burren Christopher $665,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2019 09/13/19 Sold $1,300,000 0.0% $629 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
08/22/2018 08/22/18 For Sale $1,300,000 -- $629 / 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 $19,155 $78,000 $0 $0
2023 $19,155 $78,000 $0 $0
2022 $18,036 $78,000 $0 $0
2021 $17,674 $78,000 $0 $0
2020 $17,445 $78,000 $0 $0
2019 $13,475 $57,000 $0 $0
2017 $12,797 $57,000 $0 $0
2016 $12,356 $57,000 $0 $0
2015 $11,756 $57,000 $0 $0
2014 $11,326 $0 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: CHS Regional MLS

MLS Number: 18023555

CHS Regional MLS

APN: 328-16-00-011