tomo logo

$629,000

Beds
2
Baths
2.0
sq ft
1,214

85 Folly Field Rd Unit 1206, Hilton Head Island, SC 29928

85 Folly Field Rd Unit 1206

Hilton Head Island, SC 29928

  • 209 days on market
    • Price drop $10,000↓
View of the Ocean from your larger balcony! This end unit gives you an extra window in the eat-in kitchen area and a slider in the kitchen for an abundance of natural light. Located on the second floor, this 2 bed, 2 bath condo is the prefect spot to enjoy the sounds of the ocean! Owner occupied, never rented. Newer Hot Water heater and HVAC, updated bathrooms and kitchen. Island Club Villas offer 24 hour security, a community pool complex with 3 pools, hot tub and kiddie pool area, lighted Har-Tru tennis courts onsite, an oceanfront grilling station, and playground. Wonderful rental potential or owner occupied for easy access to the beach!

Details

Property type

Condominium

Est. home value

$642,975

Lot size

Unknown

Price per sq ft

$519

Year built

1975

HOA fee

$465

Price History

03/07/2024
HiltonHeadI

HiltonHeadI #440616

Price change
$629,000
-1.56%
02/01/2024
HiltonHeadI

HiltonHeadI #440616

Price change
$639,000
-2.44%
12/11/2023
HiltonHeadI

HiltonHeadI #440616

Listed
$655,000

Schools & Community

Neighborhood: 

Port Royal

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$404,564
Asking price
$629,000
Closing costs (~8% of asking)
-$50,320
Est. remaining loan balance
-$174,116
Cash to seller
$404,564

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

Seller’s Loan History

Lender

Homeowners Mortgage Enterprises Inc

Loan start date

August 2012

Original loan amount

$240,000

Est. remaining balance

$174,116

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Christopher A Schmidt

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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40 Folly Field Rd Unit 422, Hilton Head Island, SC 29928

Status: Active

Tomo last checked: 07/07/2024 at 5:15 PM

Listing updated: 06/07/2024 at 12:53 PM

Listed by: The Randy Fix Team, Charter One Realty Phone #: (843) 815-8400

MLS: HiltonHeadI #440616

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