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$1,999,999

Beds
3
Baths
3.5
sq ft
Unknown

1010 E Erie Av, Folly Beach, SC 29439

1010 E Erie Av

Folly Beach, SC 29439

  • 61 days on market
    • Price drop $100,001↓
Your Folly Beach Paradise Awaits! Immerse yourself in the coastal lifestyle with this fully furnished 3-bedroom, 3.5-bathroom waterfront home. Nestled on a tidal creek and just a short stroll from the sandy shores. Enjoy the stylish decor, flat-screen TVs in bedrooms and living room, fully equipped kitchen, and comfortable outdoor furniture, all designed to complement the coastal ambiance. Step inside to hardwood floors and a recently renovated kitchen, featuring modern gray cabinets, stainless steel appliances, and a spacious island. The adjacent dining room boasts sliding glass doors that open to one of the home's expansive decks, offering breathtaking water views. The living room features a soaring ceiling and a cozy freestanding fireplace, creating a relaxing atmosphere. An enclosedporch just off the living room is the perfect spot for morning yoga or simply enjoying the serene creek views. Upstairs, the primary suite offers a private sitting area with a fireplace and a wrap-around porch for enjoying the coastal breeze. The recently remodeled en-suite bathroom includes a luxurious tiled shower, a large soaking tub, a double vanity, and a walk-in closet. Each bedroom in the home features its own private bathroom for added comfort and convenience. The outdoor space is an entertainer's dream, featuring majestic oak trees, a sparkling heated pool, a relaxing hot tub, and multiple seating areas for enjoying the coastal breeze. As the sun sets, gather around the fire pit overlooking the tidal creek for unforgettable evenings, the nights are so quiet you can hear the soothing melody of the ocean waves as they gently lap against the shore. With water toys like kayaks and stand-up paddleboards included, you're just steps away from exploring the Folly River. The home's private crabbing dock provides easy access to the water. This charming home presents a unique opportunity for artists or investors. The ground-level one-bedroom apartment offers a versatile space that could be transformed into a mother-in-law space, office or a dedicated artist studio. Imagine having a private workspace inspired by the home's character and surrounded by creative possibilities. Escape to your own private coastal oasis in this secluded section of Folly Beach. Enjoy the tranquility and privacy of a peaceful street, while still being within easy reach of the vibrant Center Street for all your dining, shopping, and entertainment needs. Don't miss this opportunity to make it your own!

Details

Property type

Single Family Residence

Est. home value

$1,745,071

Lot size

0.24 acres

Price per sq ft

Unknown

Year built

1988

Price History

10/28/2024
CTAR

CTAR #24023056

Price change
$1,999,999
-4.76%
09/25/2024
CTAR

CTAR #24023056

Price change
$2,100,000
-6.67%
09/09/2024
CTAR

CTAR #24023056

Listed
$2,250,000
+212.93%

Schools & Community

Elementary school: 

James Island

Middle school: 

Camp Road

High school: 

James Island Charter

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$685,393
Asking price
$1,999,999
Closing costs (~8% of asking)
-$160,000
Est. remaining loan balance
-$1,154,606
Cash to seller
$685,393

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Coastlend Mortgage

Loan start date

March 2022

Original loan amount

$1,216,000

Est. remaining balance

$1,154,606

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Heather Lohr and Michael Lohr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/09/2024 at 11:30 AM

Listing updated: 11/08/2024 at 3:25 PM

Listed by: Ashley Melton, AgentOwned Realty Preferred Group Phone #: (843) 884-7300

MLS: CTAR #24023056

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