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$920,000

Beds
2
Baths
1.0
sq ft
Unknown

706 E Cooper Av, Folly Beach, SC 29439

706 E Cooper Av

Folly Beach, SC 29439

  • 148 days on market
    • Price drop $455,000↓
SELLER MOTIVATED. PRICE REDUCTIONA very rare two bedroom cottage with the beach less than a five minute walk. Located in a quiet residental area of Folly Beach. The cottage has been renovated in 2020 and 2023 to include a new roof, white oak floors, new HVAC, Rennai water heater as well as electrical renovations. New gutters recently installed. New screens. Recentlly installed a new marble shower in the bathroom.Beautifully landscape with parking for two cars.A large storage building and a seperate outdoor shower. No flood insurance required due to the higher elevation.

Details

Property type

Single Family Residence

Est. home value

$1,287,265

Lot size

5,227.2 sq ft

Price per sq ft

Unknown

Year built

1940

Annual property taxes

$1,735

Price History

09/26/2024
CTAR

CTAR #24016287

Price change
$920,000
-33.09%
06/27/2024
CTAR

CTAR #24016287

Listed
$1,375,000
+10%
09/06/2023
CTAR

CTAR #23016232

Sold
$1,250,000

Schools & Community

Elementary school: 

James Island

Middle school: 

Middleton

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

$477,120
Asking price
$920,000
Closing costs (~8% of asking)
-$73,600
Est. remaining loan balance
-$369,280
Cash to seller
$477,120

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

Seller’s Loan History

Lender

South State Bank National Association

Loan start date

February 2021

Original loan amount

$404,000

Est. remaining balance

$369,280

Interest rate

2.66%

Loan type

New Conventional, 30 year

Seller

Alecia D Stevens and Lee D Stevens

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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CTAR
$950,000
3 bd
|
1 ba
|
House

920 E Cooper Av, Folly Beach, SC 29439

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CTAR
$1,000,000
3 bd
|
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112 W Erie Av Unit 106-B, Folly Beach, SC 29439

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Price drop
CTAR
$989,900
4 bd
|
3.5 ba
|
House

304 Bounty Ln, Charleston, SC 29412

Status: Active

Tomo last checked: 11/22/2024 at 6:30 PM

Listing updated: 09/26/2024 at 5:28 PM

Listed by: Jeffrey Moll, Bluestone Realty Phone #: (843) 290-3032

MLS: CTAR #24016287

CTAR logo

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