420 Erie Avenue, Folly Beach, SC 29439
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420 Erie Avenue, Folly Beach, SC 29439

$1,999,000

STATUS: For Sale MLS #: 24023460 Days on Market: 64
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Step back in time with this fully restored vintage surf cottage, nestled in the heart of Folly Beach and situated in an X flood zone, ensuring peace of mind. This spacious home, located on a highly desirable street-to-street lot, with an array of private outdoor spaces for both of its units, providing the perfect blend of charm and modern convenience.**Unit 1** features three sizeable bedrooms and two baths, an open-concept kitchen, living, and dining combo, and an extra-large dream pantry. The dual walk-in closets offer ample storage, while the two large screened-in porches and private outdoor space invite relaxation. Additionally, this unit comes wired for a hot tub, adding a touch of luxury to your beachside retreat.Two outdoor spacious sheds for storing your essentialsUnit 2 offers a large bedroom, a bathroom, and an open-concept kitchen, dining, and living area. The private screened-in porch and outdoor shower enhance the cottage's appeal, while the outdoor space is perfect for a variety of activities, from bocce and corn hole to barbecues and a mini putt-putt course. This home must be seen to appreciate all it has to offer! Don't miss out on this unique opportunity to own a piece of Folly Beach history. Apartment has historically made $50k/year in rentals. It can also be used as a Long Term Rental or a giant man/woman cave. There is a lockable joint utility room that accesses the Apartment from the Main House. FULLY Renovated in 2020 All electrical, including hot tub connection All plumbing All new appliances (washer, dryer, stove, oven, built in microwave) Awning Leaf gutters Impact glass windows and front door. Reconfigured kitchen and pantry Can lighting throughout, fans in bedrooms and living room Charleston-inspired decorative tile backsplash in kitchen Raised ceiling in coffee nook Reconfigured master suite All new bathrooms Hardwood flooring throughout / tile in master bedroom Tankless water heater AC Unit Spray coating under house New insulation in attic New 10 ft privacy fence around entire yard (house and apt) Custom Gate In APARTMENT (Renovated in 2021) Impact glass windows All new kitchen and appliances New washer/dryer New flooring AC Unit w dehumidifier Spray foam coating under house New kitchen Remodeled bathroom Leaf Gutters

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Listing Provided by Sweet Grass Real Estate, LLC
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Address: 420 Erie Avenue
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: 24023460
List Price: $1,999,000
Bedrooms: 4
Full Baths: 3
Half Baths: N/A
Total Square Feet: 35002
Elementary School: James Island
Middle School: Camp Road
Subdivision:
Home Style:
Year Built: 1940
Days On Market: 64
Lot Size: 0.2400 acres
Outdoor & Yard Description:
Laundry Room
Ceramic Tile
Wood
Beach Access
Asphalt
Dog Park
Park
Storage
Tennis Court(s)
Trash
Ceiling - Blown
Ceiling - Cathedral/Vaulted
Kitchen Island
Walk-In Closet(s)
Family
Great
In-Law Floorplan
Pantry
Utility
AT&T
City Of Folly Beach
Dominion Energy
Storm Window(s)
Thermal Windows/Doors
Window Treatments - Some
ENERGY STAR Qualified Windows
0 - .5 Acre
High
Cottage
Ceiling Fan(s)
Multiple Closets
Outside Access
Walk-In Closet(s)

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