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$1,249,000

Beds
3
Baths
2.0
sq ft
1,394

316 W Cooper Av, Folly Beach, SC 29439

316 W Cooper Av

Folly Beach, SC 29439

  • 186 days on market
    • Price drop $76,000↓
Island Life at its Best. 316 W Cooper is a bright and airy Classic Folly Beach Cottage. Situated 1 block off of the beach & a quick walk / bike ride to Center St restaurants & shops, the pier, and local grocery.Grandfathered Duplex with 2 electric meters allows for multiple options. Stay in one and rent the other, rent each unit, or use the downstairs as a mother in law suite. The expansive .21 acre lot offers creative opportunity for future expansion. Upstairs is 2 bd 1 bath - flooded with natural light by the double sliding glass doors off of the front porch. The kitchen is tastefully updated with white quartz countertops & a tile backsplash. Upstairs is complete with a walk in pantry. Downstairs is a 1 bd 1 ba with a flex space that could be a 2nd bedroom or a great office.Downstairs offers an Updated kitchen with white quartz and floating shelves. Laundry is located downstairs. The outside spaces make the home live large. Prepare to marvel over the spacious porch on the front of the home while enjoying the ocean breezes. Huge back deck is complete with a fire pit and storage area. The lot backs up to a small tidal creek which provides additional buffer and privacy. Each unit has their own designated outdoor shower. 2 concrete parking pads at the front of the property allows for separate parking for each unit. Enjoy laid back Folly Lifestyle Walking and Biking Distance from the Front Door. Boat landing is only 3 blocks down and an amazing kids playground at the end of W Cooper - the location can't be beat. Great spot for year round living on Folly but would make a good beach second home too!

Details

Property type

Single Family Residence

Est. home value

$1,086,124

Lot size

9,147.6 sq ft

Price per sq ft

$896

Year built

1972

Price History

04/29/2024
CTAR

CTAR #24000194

Price change
$1,249,000
-5.74%
01/03/2024
CTAR

CTAR #24000194

Listed
$1,325,000
+147.66%
03/11/2019
CTAR

CTAR #18025989

Sold
$535,000

Schools & Community

Elementary school: 

James Island

Middle school: 

Camp Road

High school: 

James Island Charter

Number of units in community: 

2

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

$636,296
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$512,784
Cash to seller
$636,296

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

Seller’s Loan History

Lender

Southern Trust Mortgage Llc

Loan start date

May 2021

Original loan amount

$548,250

Est. remaining balance

$512,784

Interest rate

3.17%

Loan type

New Conventional, 30 year

Seller

Kristen Maria Dixon and Patrick Walter Rybas

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: 07/07/2024 at 7:30 PM

Listing updated: 04/29/2024 at 6:20 PM

Listed by: Kristen Dixon, Carolina One Real Estate Phone #: (843) 795-7810

MLS: CTAR #24000194

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