MLS# 16016365 | 1016 E Arctic Avenue Folly Beach SC | subdivision
843-225-7007
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Folly Beach, SC 29439
- 8Beds
- 4Full Baths
- N/AHalf Baths
- 4,188SqFt
- 1950Year Built
- 0.24Acres
- MLS# 16016365
- Residential
- Single Family Detached
- Sold
- Approx Time on Market7 months, 1 day
- AreaFolly Beach
- CountyCharleston
- SubdivisionNone
Overview
1016 E Arctic Avenue is a terrific investment property including a main house on E. Arctic Ave. and a duplex property accessed from E. Ashley while boasting lots of beach charm AND a terrific location. The main home, Grouper Therapy, is an adorable Folly Beach cottage located just across the one way street from the beach access & Atlantic ocean!! Amenities include a cozy sunroom, open floor plan with spacious living area, and an expansive front porch for enjoying the sea breeze. This home has 4 Bedrooms, 2 Bathrooms, plus an extra room that currently accommodates a twin bed. The style is quintessential beach boasting a 'dog trot' floor plan popular in the first half of the 20 c. for allowing a sea breeze to flow through the home.The left side of the home houses two bedrooms and one full bath. The right side has two bedrooms and another full bath. Both larger bedrooms on either side have access to the front decks where you can relax in the shade and enjoy the sounds of the ocean waves. Bathrooms remodeled in the spring of 2015!! More great amenities includes wood and tile flooring throughout, granite counters, a large laundry room, and close beach access. Updated kitchen with granite countertops, newer roof, and HVAC. The Duplex boasts two bedroom, one bath apartments with rents of $1400 and $1350 per month. $45,000 income to date (June 17,2016) for vacation rental. Combined gross rental income is over $85,000 annually. This property has exceptional ROI (return on investment)!Looking for an investment, primary residence with rental income, or a great beach house with room for the entire family? 1016 E. Arctic has it all!
Sale Info
Listing Date: 06-16-2016
Sold Date: 01-18-2017
Aprox Days on Market:
7 month(s), 1 day(s)
Listing Sold:
7 Year(s), 3 month(s), 10 day(s) ago
Original Asking Price: $849,000
Asking Price: $849,000
Selling Price: $675,000
Price Difference From Original:
Reduced By $174,000
Price Difference From Asking:
Reduced By $174,000
Agriculture / Farm
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Association Fees / Info
Bathroom Info
Fullbaths: 4
Building Info
Levels: One
Year Built: 1950
Floors: Wood
Business Info
Rent Control: No
Buyer Compensation
Exterior Features
Pool Private: No
Style: Cottage, Traditional
Garage / Parking
Gar Pkg: Off Street
Garage: No
Attached Garage: No
Green / Env Info
Interior Features
Interior Features: Ceiling Fan(s), Living/Dining Combo
Fireplace: No
Laundry Features: Dryer Connection
Lot Info
Lot Size: 0.24
Lot Desc: Interior Lot
Lot Size Units: Acres
Lot Dimensions: 70x150
Acres: 0.24
Lot Sqft: 10454.4
Irrigation Water Rights: Yes
Offer Compensation
Other
Mobile Home Remains: Yes
Property Info
Property Type: A
Stories: 1
New Construction: No
Roof: Asphalt
Building Area Units: Square Feet
Special: Flood Insurance
View: No
Home Warranty: Yes
Habitable Residence: Yes
Room Info
Beds: 8
Sale / Lease Info
Sold Date: 2017-01-18T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Special Features
Sqft Info
Sqft: 4188
Unit Info
Utilities / Hvac
Water Source: Public
Utilities: SCE & G
Heating: Yes
Heat: Electric, Heat Pump
Water Sewer: Septic Tank
Cooling: Yes
Waterfront / Water
Waterfront: No
Directions
Center Street To Arctic, Turn Left. Main House On Left After The 10th Block.Courtesy of listing office Avocet Properties
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Marshall Walker Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-28-2024 10:25 AM EST .
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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