1689 Ashley Avenue, Folly Beach, SC 29439

$2,000,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,000 Lot Size (sq. ft.): 20,909 Status: Closed
Current Price: $2,250,000 List Date: 4/15/2022 Last Modified: 12/28/2023

Overview

Description

Estimated Annual Rental Income = $540,800.00 from new build. (2 TMS #'s for 1 home = closer & larger build area). Suggestion: Tear down small cottage and build your Dream Home or a 5BR/5.5 BA Vacation Rental (Rendering photos shown). This property is one of the few double oceanfront lots that has plenty of build area for a large new home with a raised oceanside pool. The current 3 BR/2 BA home is on a vacation rental program with a strong rental history & upcoming bookings throughout 2022. See documents. OWNER/AGENT

Listing Details MLS# 22009440

Location, Tax & Legal

Tax Map #
4391600042
Street #
1689
Street Name
Ashley
Street Suffix
Avenue
County
Charleston
State
SC
Zip Code
29439
Area
22 - Folly Beach to Battery Island
Tax District
33 - City of Folly Beach
Subdivision
Folly Beach
Elementary School
James Island
Middle School
Camp Road
High School
James Island Charter
Directions
James Island/Folly Road becomes Center Street on Folly Beach. At the traffic light turn left onto E. Ashley. Approx 2 miles on the right (Ocean side) is 1689 E Ashley Avenue, Folly Beach, SC. 29439
Legal Description
LT 2174

Contract Info

Sub-Type
Single Family Detached
MLS List Date
2022-04-15
Primary Structure List Price/SqFt
2250

General Property Info

Baths - Full
2
Baths - Total
2
Ground Level
No
Stories
Yes
Primary Structure Apx SqFt
1000
Year Built
1962
Acreage
0.48
Potential Short Sale
No

Status Change Info

Sold Date
2022-12-22
Sold Price/SqFt
2000
New Mortgage Type
Cash

SqFt Source

Tax Records
Yes

Roof

Asphalt Shingle
Yes

More Information

Lot Description

0 - .5 Acre
Yes
Beach Access
Yes
Beachfront
Yes
High
Yes

SF Detached Style

Cottage
Yes

Exterior

Vinyl Siding
Yes

Foundation

Crawl Space
Yes

Garage/Parking

Off-Street Parking
Yes

Misc Exterior

Deck
Yes
Patio
Yes

Stories/Levels

1 Story
Yes

Equipment/Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Central Air
Yes

Heat

Electric
Yes
Heat Pump
Yes

Rooms

Eat-In-Kitchen
Yes
Laundry
Yes
Living/Dining Combo
Yes

Assumable

No
Yes

Proposed Financing

Cash
Yes

Misc Interior

Ceiling - Smooth
Yes
Window Treatments - All
Yes

New Owned

Pre-Owned
Yes

Floors

Luxury Vinyl Plank
Yes

Possession

At Closing
Yes

Showing Instructions

Contact Listing Agent
Yes

Water/Sewer

Public Water
Yes
Septic
Yes

Utility Suppliers

Charleston Water Service
Yes
Dominion Energy
Yes

Property Features

SqFt Source: Tax Records SF Detached Style: Cottage Lot Description: 0 - .5 Acre; Beach Access; Beachfront; High Misc Exterior: Deck; Patio Roof: Asphalt Shingle Exterior: Vinyl Siding Foundation: Crawl Space Misc Interior: Ceiling - Smooth; Window Treatments - All New Owned: Pre-Owned Rooms: Eat-In-Kitchen; Laundry; Living/Dining Combo Cooling: Central Air Floors: Luxury Vinyl Plank Heat: Electric; Heat Pump Possession: At Closing Showing Instructions: Contact Listing Agent Utility Suppliers: Charleston Water Service; Dominion Energy Proposed Financing: Cash Assumable: No
Listing Office: Dunes Commercial Properties
IDX
Last Updated: December - 28 - 2023
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