342 Shadow Race Lane, Folly Beach, SC 29439
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342 Shadow Race Lane, Folly Beach, SC 29439

$2,899,990

STATUS: For Sale MLS #: 24004037 Days on Market: 72
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The best of Folly Beach! This is an amazing and rare opportunity to be on a quiet, private cul-de-sac on The Folly River famous for its sunset views with a private deep water dock including a 10,000lb boat lift perfect for avid boaters. The location of this home cannot be understated, Walk/bike/golf cart to the beach, Center Street and everything Folly has to offer within a couple of minutes. This never rented, custom built home was designed to take advantage of the amazing views from every part of the home. The foyer opens up to the formal dining room off to the left and into the open and bright great room with stunning views, cozy fireplace and sliding glass door to the new back porch leading down to the back yard, dock and river. The eat-in kitchen is also open to the back of thehouse with a screened -in porch just off the informal dining area perfect for outdoor dining and entertaining. The powder room and laundry room are off the kitchen towards the front of the home. The primary suite is on the main floor and spans the depth of the home front to back on one side. It boasts another fireplace, screened in porch connected to the deck with more views of the river, an enormous spa bathroom with double vanities, separate garden tub, glass shower and a spacious walk-in closet. Upstairs is a huge loft space overlooking the dock and river, complete with wet bar and yet another fireplace. The loft space, which is currently being used as a second living room and an office, is flanked by the two large, secondary ensuite bedrooms. The two bedrooms upstairs are nicely tucked away allowing for privacy for guests and family visiting. The upstairs also has plenty of storage nooks and closets. The 2 person elevator goes from the ground floor to the foyer of the main floor. Underneath the house is a finished room with a mini-split currently used as a man cave/playroom. The new huge spa hot tub overlooks the backyard does conveys. Within the last 2 years the current owner added a the elevator, replaced the roof, replaced the HVAC, redone the walk way of the dock and added safety rail/ropes, added the remote control 10,000lb boat lift, added the back porch with fire pit, sodded the back yard and put up the fence barrier to the seawall. The seller is open to selling the home furnished excluding a few personal items.

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Address: 342 Shadow Race Lane
State: SC
Zip: 29439
County: Charleston

About Me

About MeHome ValuationExposure to Buyers

What makes me different and more worthy than any other agent? Great Question…

1.) I have been in the real estate industry since 1998

 

2.) At 29 years old I founded a wholesale mortgage firm here in Charleston and as such being the President/CEO I was responsible for overseeing 13 team members, two branches, ALL the marketing functions, business development, training of real estate agents in financing, training of my loan officers, and making sure over $85 Million in loans got closed. Of which most were purchases. So I have REAL business knowledge and real estate is business vs an agent without that savvy business skills.

 

3.) I graduated from University of S.C. where my major was media arts. What’s that mean? What you are reading right now is media. Everything you see and hear is media. Everything on a computer is digital media, websites, video, photographs, and audio. I studied video production, photography/lighting courses, audio recording, and more. Even post cards, billboards, news paper are ALL media, print media. (Although it’s an antiquated media). With that knowledge your home will have the most beautiful representation to the prospective buyers, instead of most of what you see out there (poorly lit, poorly framed, bad photos and video that put off buyers).

 

4.) 95% OF ALL REAL ESTATE TRANSACTIONS BEGIN WITH THE INTERNET… PERIOD, IT IS FACT. I am a digital internet marketing expert. I consult other businesses on how to harness the internet’s power through web design, SEO (search engine optimization), content marketing, image marketing, user experience design, online ad management and more.

When listing a home for sale there isn't an exact science to it, but what is required is knowing all the facts, and that's where I come in. What's a home valuation really anyway?

Estimating the value of real property is important to a variety reasons, but for most people, determining the asking or purchase price of a property is the most useful application of real estate valuation. This article will provide an introduction to the basic concepts and methods of real estate valuation, particularly as it pertains to real estate sales.

That's all well and good, however what most home owners in Charleston SC and the U.S. really want to know is what's my property worth now if I were to try to sell it? The most common method  that 90% of listing agent use is: 

The Sales Comparison Approach.

 

Value -
A main consideration in appraising is to determine a property’s value: the present worth of future benefitsarising from the ownership of real property. Unlike many consumer goods such as oil, lumber, food, etc. that are quickly used, the benefits of real property are generally realized over a long period of time. Therefore, an estimate of a property’s value must take into consideration economic and social factors, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:

 

  • Demand – the desire or need for ownership supported by the financial means to satisfy the desire;
  • Utility – the ability to satisfy future owners’ desires and needs;
  • Scarcity – the finite supply of competing properties
  • Transfer-ability – the ease with which ownership rights are transferred.

– What have the homes that are MOST comparable to yours (subject property) sold for recently per sq ft., and  what is currently for sale (taking into account scarcity from above)?

 

– What are the prices being asked by your competing listings in and around your neighborhood.

 

Other Factors inside the two primary ones above include: (age of home, physical features, location, conditions of the sale, economic conditions)

 


MLS ID: 24004037
List Price: $2,899,990
Bedrooms: 3
Full Baths: 3
Half Baths: 1.00
Total Square Feet: 29882
Elementary School: Murray Lasaine
Middle School: Camp Road
Subdivision: Sunset Point
Home Style:
Year Built: 2001
Days On Market: 72
Lot Size: 0.3400 acres
Outdoor & Yard Description:
High Ceilings
Ceiling Fan(s)
Window Treatments
Gas Log
Entrance Foyer
Laundry Room
Eat-in Kitchen
Family
Separate Dining
Family Room
0 - .5 Acre
Ceramic Tile
Park
Ceiling - Smooth
Walk-In Closet(s)
Dominion Energy
Wood
Trash
Boat Ramp
Tennis Court(s)
Great
Pantry
Security System
Game
Bedroom
Media
Great Room
Some Thermal Wnd/Doors
Wet Bar
Boatlift
Dock - Existing
Dock - Floating
River Front
Waterfront - Deep
River Access
Seawall
Other
Cape Cod
Three +
Ceiling Fan(s)
Garden Tub/Shower
Walk-In Closet(s)
Outside Access

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