tomo logo

$2,740,000

Beds
9
Baths
4.0
sq ft
Unknown

118 E Cooper Av, Folly Beach, SC 29439

118 E Cooper Av

Folly Beach, SC 29439

  • 199 days on market
    • Price drop $100,000↓
Welcome to 118 E Ashley, Folly Beach SC, located in the heart of Folly's downtown commercial district, with peeks of the ocean! Live in or create a business (or both) in this beautifully renovated, four-unit property. The main house is a three-story home, approximately 4200 sq. ft., with 4 bedrooms, 2 baths and over 750 sq. ft. of deck space. This island retreat features Simonton impact resistant windows, whole house generator, Emergy LED lighting, exotic hardwood (Jarrah, Australian Cyprus and Brazilian Cherry) floors throughout. Beautifully renovated kitchen with quartz countertops, an island for dining and food preparation, Dacor appliances, even an ice maker. Plus, the deck and wrap around porch provides luxurious outdoor living, with a full kitchen for entertaining to your delighIn addition to the main house, it also includes two renovated apartments below at street level. One two bedroom/one bath and one, one bedroom/one bath, great for rental income or retail space. In addition, there is a 4th unit on the west side of the house, a two-bedroom, one bath cottage, cute as a button. This listing also includes the adjacent land, tax map # 328-14-00-060, zoned Downtown Commercial. It is a 35' X 150' lot that runs between E Ashley and E Cooper. Currently there is a 12' X 36' garage for boat storage and workshop, on the E Cooper side. Don't miss this opportunity to be creative and create the perfect blend of business and pleasure! Irrigation system, including deck. Tankless water heater. Whole house generator. Spray insulation in attic. Three air handlers, three gas furnaces.

Details

Property type

Single Family Residence

Est. home value

$1,244,389

Lot size

0.26 acres

Price per sq ft

Unknown

Year built

1945

Annual property taxes

$4,887

Price History

11/18/2024
CTAR

CTAR #24014464

Price change
$2,740,000
-3.52%
09/11/2024
CTAR

CTAR #24014464

Price change
$2,840,000
-5.02%
06/06/2024
CTAR

CTAR #24014464

Listed
$2,990,000

Schools & Community

Elementary school: 

James Island

Middle school: 

Camp Road

High school: 

James Island Charter

Number of units in community: 

4

Seller’s Loan History

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

Lender

First Citizens Bank & Trust Co

Loan start date

September 2015

Original loan amount

$450,000

Est. remaining balance

$200,397

Interest rate

3.13%

Loan type

New Conventional, 15 year

Seller

Dianne Michelle Ray

Lender

First Citizens Bank And Trust Company In

Loan start date

January 2008

Original loan amount

$100,000

Est. remaining balance

$0

Interest rate

5.83%

Loan type

Not Provided, 15 year

Seller

Michael Allen Ray and Michael A Ray

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: 12/23/2024 at 12:15 AM

Listing updated: 12/04/2024 at 11:57 PM

Listed by: Laurene Hull, Dunes Properties of Chas Inc Phone #: (843) 588-3800

MLS: CTAR #24014464

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