$2,650,000
811 Arctic Avenue
Folly Beach, SC 29439
MLS# 21004993
Status: Closed
7 beds  |  5 baths  |  3596 sqft


811 Arctic Avenue, Folly Beach, SC 29439
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Property Description
Incredible opportunity to buy TWO oceanfront lots! Both lots are 52'x150' and are a real deal for $1,375,000.00 each. Even better, there is an existing structure that has 4 apartments with long term renters (month to month). The structure is dated and has needs TLC. The list price reflects the value of the lots but imagine the potential rental income of a 4-plex on the ocean. The 50% rule would be in effect for any improvements (no money has been spent towards the 50%). No problem building on these lots because the zoning rule of a 40' setback from the baseline still leaves plenty of room to build. Don't forget to take a look at the massive seawall near the dunes.

Details
Maps
Documents
Contract Info
Sub-Type: Single Family Detached
MLS Entry Date: 2021-02-26
List Price: $2,650,000
Current Price: $2,500,000
List Price/SqFt: 736.93
Location, Tax & Legal
Tax Map #: 3281600016
Street #: 811
Street Name: Arctic
Street Suffix: Avenue
County: Charleston
State: SC
Zip Code: 29439
Area: 22 - Folly Beach to Battery Island
Tax District: 33 - Folly Beach
Subdivision: Folly Beach
Elementary School: James Island
Middle School: Camp Road
High School: James Island Charter
Legal Description: LT 806 and 806 B. 2 lots with tms #s 328-16-00-016 and 328-16-00-226.
Directions: Center Street turn left on E Arctic. House is on the right on the 8th block.
General Property Info
Bedrooms: 7
Baths - Full: 5
Baths - Total: 5
Ground Level: Yes
Stories: 2
Apx. SqFt: 3596
Lot Size: 104x149
Ownership: Fee Simple
Year Built: 1975
Acreage: 0.36
Number of Units: 5
Potential Short Sale: No
C/R: No
Lease Purchase: No
HOA Fee: No
Auction: No
Tax/Fees
Special Assessment: No
Taxes: 18500
Regime Fee: No
Status Change Info
Status: Closed
Sold Date: 2021-04-02
Sold Price/SqFt: 695.22
New Mortgage Type: Cash
Property Features
SqFt Source: Tax Records
SF Detached Style: Traditional
Lot Description: 0 - .5 Acre; Beachfront; High
Misc Exterior: Balcony; Deck; Gutters; Stoop
Roof: Asphalt Shingle
Exterior: Vinyl Siding
Foundation: Slab
Garage/Parking: Off-Street Parking
Stories/Levels: 2 Stories
Misc Interior: Ceiling - Smooth
New Owned: Pre-Owned
Rooms: Living/Dining Combo
Cooling: Window Unit
Water/Sewer: Public Water; Septic
Heat: Electric
Possession: Tenants Rights
Proposed Financing: Cash
Assumable: No

Listing Office: Vacasa SC LLC

Last Updated: April - 05 - 2021

Properties marked with IDX logo are provided courtesy of Charleston Trident Multiple Listing Service, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Wednesday 14th of April 2021 02:30 PM

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