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$1,365,000

Beds
6
Baths
5.0
sq ft
Unknown

504 W Ashley Av, Folly Beach, SC 29439

504 W Ashley Av

Folly Beach, SC 29439

  • 74 days on market
    • Price drop $5,000↓
If you're looking for a fabulous island residence with income earning potential on iconic Folly Beach, look no further than the lowest price per sq ft home on the island. This 3,000 square foot beach cottage was constructed in 1980 and has been updated with a brand-new architectural shingle roof and sleek grey laminate floors throughout. The two story, wood frame house is situated in a grove of mature palmetto and live oak trees, set far back on the street on a permeable gravel driveway. 504 W. Ashley is a quintessential beach cottage with sun swept interiors and loads of amenities for the best of island living. A front porch spans the whole facade, and a lattice enclosed, covered side porch houses a grilling area for the first floor. Above, the second story features sunroom and largedec k and side porch. The first and second floor of the house function as separate units with full kitchens, allowing the new buyer to mid term rent, long term rent, or utilize as an owner occupied residence while offsetting carrying costs. Both stories have great natural light, soft grey walls, and traditional style trim work. Enter from the front porch into the first story's inviting foyer and spacious open floor plan living room. Across the hall is the cute eat-in kitchen with crisp white cabinetry, a breakfast bar, and shiplap walls. There are 3 large bedrooms with closets and built-in shelving. The principal bedroom has a private bath and walk in closet. Two other bedrooms are connected to create a family suite. The first floor has an additional shared bathroom and a utility closet/laundry room. The bathrooms been recently updated with cast stone topped vanities, marble tiled backsplashes, a subway tiled shower in one and a new built in shower stall in the other, and shiplap accent walls. The second floor has a sunroom with beadboard walls and ceiling that opens into large open plan with a full dining room and large seating area that are perfect for family beach getaways and entertaining. The full kitchen has white cabinetry, new countertops, and windows overlooking the side yard. This floor has 3 bedrooms and 3 bathrooms. The principal bedroom connects ensuite to a large bathroom with a walk-in shower and laundry facilities. Another has direct access to the upstairs screened porch. The sunny backyard has an outdoor shower, stone-paved sun lounging patio, and lovely local plantings, beyond which is a shaded lawn for playing cornhole. The massive second story screened in porch and side deck, which has a large seating area and an elevated hot tub section, offers views of the Atlantic Ocean and beach front. 504 W. Ashley is situated on a quiet residential street that was first laid out in 1920, just a block from the beach and breathtaking tidal marshes. This part of the island is rich in history, and the famous Porgy house, where Dubose Heyward and Ira Gershwin wrote the opera Porgy and Bess, is just a few houses down the street. 504 W. Ashley is a short walk to Folly Beach County Park, Sunset Cay Marina, and several public beach access points. It's also just a few blocks from the famous boardwalk and fishing pier and from bustling Center Street's restaurants and pubs. The Folly River Boat Ramp is also nearby, so 504 W. Ashley truly brings you close to every one of the island's best features and beach vibes.

Details

Property type

Single Family Residence

Est. home value

$1,514,932

Lot size

0.24 acres

Price per sq ft

Unknown

Year built

1980

Price History

11/15/2024
CTAR

CTAR #24023022

Price change
$1,365,000
-0.36%
11/13/2024
CTAR

CTAR #24023022

Price change
$1,370,000
-0.36%
11/06/2024
CTAR

CTAR #24023022

Price change
$1,375,000
-2.41%

Schools & Community

Elementary school: 

James Island

Middle school: 

Camp Road

High school: 

James Island Charter

Community features: 

Park, Tennis Court(s)

Number of units in community: 

2

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

South Atlantic Bank

Loan start date

June 2021

Original loan amount

$815,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Future Advance Clause / Open End Mortgage, 5 year

Seller

Nice Guy Properties Llc

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: 11/22/2024 at 1:55 PM

Listing updated: 11/15/2024 at 1:50 PM

Listed by: Tift Mitchell, Tift Properties Phone #: (843) 514-8566

MLS: CTAR #24023022

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