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$1,999,000

Beds
4
Baths
3.0
sq ft
Unknown

420 E Erie Av, Folly Beach, SC 29439

420 E Erie Av

Folly Beach, SC 29439

  • 101 days on market
    • Price drop $51,000↓
Step into timeless coastal charm with this fully restored vintage surf cottage in the heart of Folly Beach, ideally located in the X flood zone for added peace of mind. Nestled on a desirable street-to-street lot, this enchanting property combines classic beach appeal with modern upgrades, offering private, spacious outdoor areas perfect for both relaxation and entertainment.Inside, the home features three generous bedrooms and two stylishly updated bathrooms, along with an open-concept kitchen, living, and dining area--ideal for gatherings with friends and family. The kitchen has an extra-large pantry that's a chef's dream, while dual walk-in closets provide ample storage.Enjoy the coastal breeze on either of the two expansive screened-in porches, or unwind in your private outdoor space, pre-wired for a hot tub to add a touch of luxury to your beachside retreat. In addition, a charming connected mother-in-law suite offers a private bedroom, bathroom, and open living area, complete with its own screened-in porch and outdoor shower. This suite is ideal for guests, extended family, or as a peaceful, personal retreat within the property. The spacious backyard is an entertainer's paradise, offering endless possibilities for activities, from bocce and cornhole to barbecues and even a mini putt-putt course. After a day in the sun, rinse off in the outdoor shower, and store your essentials in the two large outdoor sheds. Meticulously renovated in 2020, this cottage has been updated with new electrical, plumbing, and impact glass windows, along with a fully reconfigured kitchen that features Charleston-inspired tile, a raised ceiling in the coffee nook, and hardwood flooring throughout. Additional updates include a tankless water heater, a new HVAC system, and a 10-foot privacy fence with custom gates surrounding the entire yard, enhancing both security and seclusion. Don't miss your chance to own a piece of Folly Beach historythis one-of-a-kind cottage with a connected mother-in-law suite is ready for you!

Details

Property type

Single Family Residence

Est. home value

$1,794,736

Lot size

0.24 acres

Price per sq ft

Unknown

Year built

1940

Annual property taxes

$2,935

Price History

10/01/2024
CTAR

CTAR #24023460

Price change
$1,999,000
-2.49%
09/23/2024
CTAR

CTAR #24023460

Price change
$2,050,000
-4.65%
09/18/2024
CTAR

CTAR #24023460

Price change
$2,150,000
-2.27%

Schools & Community

Elementary school: 

James Island

Middle school: 

Camp Road

High school: 

James Island Charter

Community features: 

Park, Tennis Court(s)

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

$1,374,760
Asking price
$1,999,000
Closing costs (~8% of asking)
-$159,920
Est. remaining loan balance
-$464,320
Cash to seller
$1,374,760

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

Seller’s Loan History

Lender

Ameris Bank

Loan start date

October 2020

Original loan amount

$510,400

Est. remaining balance

$464,320

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Rachel J Babiarz and Michael J Babiarz

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: 12/22/2024 at 8:00 PM

Listing updated: 11/13/2024 at 7:20 PM

Listed by: Carrie Rosen, Sweet Grass Real Estate, LLC Phone #: (843) 633-0262

MLS: CTAR #24023460

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