MLS# 18022801 | 315 W Indian Avenue Folly Beach SC | Sunset Point subdivision

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$1,049,740 | 8 beds | 8 full baths | 1 half baths | 6,066 sqft

$1,050,000
315 W Indian Avenue
Folly Beach, SC 29439
  • 8Beds
  • 8Full Baths
  • 1Half Baths
  • 6,066SqFt
  • 2006Year Built
  • 0.24Acres
  • MLS# 18022801
  • Residential
  • Single Family Detached
  • Sold

  • Approx Time on Market3 months, 28 days
  • AreaFolly Beach
  • CountyCharleston
  • SubdivisionSunset Point

Overview

** JUST LISTED ** TRULY ONE OF A KIND OPPORTUNITY IN A MARKET WHERE INVENTORY IS AT HISTORIC LOWS, PRICES ARE CONTINUING TO RISE & THIS LISTING IS BEING OFFERED WELL BELOW THE AVERAGE PRICE PER SQ. FOOT ON FOLLY BEACH. THE BOTTOM LINE IS IF YOU'RE A BEACH BUYER THEN PAY ATTENTION CLOSELY.... ** Say hello to 315 W. Indian Avenue, a (8) bedroom, (8.5) bath home that has 6066 square feet and quite possibly is the largest home on Folly Beach. Making this even more rare of an opportunity is that with the laws currently in place, you will not see one built this big again. Considered a newer property in the vacation rental program, it has already brought in about $107,000.00 in bookings for 2018! That's incredibly strong and almost a 10% GROSS ROI in Rental Income and it's only been inthe Rental Program for about a year! For those of you who are not quite sold yet, then let's discuss it's awesome location. Found on Folly Beach and just a few blocks from Center Street, the HUB of Folly, you can easily access all the various restaurants, shops, pier and nightlife that the Beach has to offer! Making the location even more appealing is approximately 325 yards away from the Sandy Beaches along the Atlantic Ocean! Last but not least, you are about 15 minute drive to the Historic Downtown Charleston Peninsula making it one of the most ideal Beaches in the Lowcountry. Boasting a kitchen on each of the 3 stories, this is the ultimate Beach House! The first floor allows plenty of natural light and is equipped with a large kitchen that opens into the great room that features a gas fireplace and an entertainment friendly floor-plan. Also found on this floor are large bedrooms including the Master Bedroom that has tray ceilings, jacuzzi tub w/separate standup shower and double vanity in the bath. The second floor also features a full kitchen and open living area. The third story is hosts a bedroom, sunroom and third kitchen. The bottom line is that you will not find another property like this one nor will you currently be able to build one. In it's first year its proven to be a rental juggernaut and you will not find many opportunities for such an amazing return on your investment! We are looking at almost 10% in its first full year (gross ROI). In addition to that, we are priced so significantly below the average price per square foot for Folly Beach that this property could be a fantastic investment on ALL FRONTS! If you have been dreaming of a Beach Home that is truly one of a kind, this is it!*** AGENTS MUST READ NOTES *** Buyer to confirm accuracy of all information provided.


Sale Info

Listing Date: 08-13-2018

Sold Date: 12-12-2018

Aprox Days on Market: 
    3 month(s), 28 day(s)

Listing Sold: 
   5 Year(s), 2 month(s), 14 day(s) ago

Original Asking Price: $1,049,740

Asking Price: $1,049,740

Selling Price: $1,050,000

Price Difference From Original: 
Increase $260

Price Difference From Asking: 
Increase $260

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

Community Features:  Boat Ramp

Bathroom Info

Halfbaths:  1

Fullbaths:  8

Building Info

Levels:  3 Stories

Window Features:  Thermal Windows/Doors, ENERGY STAR Qualified Windows

Year Built:  2006

Floors:  Ceramic Tile, Laminate, Marble, Wood

Business Info

Rent Control:  No

Buyer Compensation

Exterior Features

Misc Ext:  Front Porch, Porch - Full Front

Pool Private:  No

Style:  Traditional

Garage / Parking

Gar Pkg:  4 Car Garage, Attached, Garage Door Opener

Garage:  Yes

Attached Garage:  Yes

Green / Env Info

Green Energy Efficient:  HVAC

Interior Features

Desclocation:  Gas Log, Living Room

Interior Features:  Ceiling - Smooth, Tray Ceiling(s), High Ceilings, Elevator, Garden Tub/Shower, Kitchen Island, Walk-In Closet(s), Ceiling Fan(s), Bonus, Eat-in Kitchen, Family, Formal Living, Entrance Foyer, Great, Living/Dining Combo, Loft, In-Law Floorplan, Office, Separate Dining, Study, Utility

Fireplace:  Yes

Laundry Features:  Dryer Connection, Laundry Room

Lot Info

Lot Size:  0.24

Lot Desc:  Interior Lot, Level

Lot Size Units:  Acres

Acres:  0.24

Lot Sqft:  10454.4

Irrigation Water Rights:  Yes

Offer Compensation

Other

Mobile Home Remains:  Yes

Property Info

Property Type:  A

Stories:  3

Foundation:  Raised

Exterior:  Cement Plank

New Construction:  No

Roof:  Architectural

Building Area Units:  Square Feet

Special:  Flood Insurance

View:  No

Home Warranty:  Yes

Habitable Residence:  Yes

Room Info

Beds:  8

Primary Bedroom Features:  Ceiling Fan(s), Garden Tub/Shower, Walk-In Closet(s)

Sale / Lease Info

Sold Date:  2018-12-12T00:00:00

Lease Renewal Option:  Yes

Lease Considered:  Yes

Lease Assignable:  Yes

Special Features

Sqft Info

Sqft:  6066

Unit Info

Utilities / Hvac

Water Source:  Public

Utilities:  SCE & G

Heating:  Yes

Heat:  Electric

Water Sewer:  Public Sewer

Cooling:  Yes

Waterfront / Water

Waterfront:  No

Schools

Elem:  James Island

Middle:  James Island

High:  James Island Charter

Directions

From Center St. On Folly Beach Turn Onto W. Indian Ave. Home Will Be On The Left In The Third Block.

Courtesy of listing office Fred Holland Realty 

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On marshallwalker.com since Mon, Aug 13th 2018
No Property History recorded for this listing.
Residential, Land, Other Disclaimer:

Broker Reciprocity 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 02-26-2024 10:28 PM 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. Copyright 2024 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2024 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 02-26-2024 10:28 PM EST est.

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