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503 E Ashley Avenue, Folly Beach, SC, 29439 | $1,299,000
Charming Folly Beach Cottage-Steps from the Ocean & Center Street restaurants, shops, bars. Minutes from Downtown Charleston, and the Chas. International Airport. Welcome to your opportunity to own a classic Folly Beach cottage in one of the most desirable locations on the Island-East Ashley Ave. Situated on a . 12 acre lot, this 3-bedroom, 2-bath home offers aprox. 1, 650 sq. ft. of living space and embodies the relaxed coastal lifestyle Folly is known for. Originally built in 1958 , this 1. 5 story home features timeless beach-house character with wood siding, a functional updated layout, new flooring, and a new primary suite with a beautiful new shower. Positioned in a AE flood zone, the property offers a strong long-term value potential. The lot's location places you just moments from beach access as well as all of the excitement of Center Street-making it highly attractive for personal enjoyment and investment purposes. Whether you're envisioning a coastal retreat, a vacation rental, or a redevelopment project, this property offers a rare chance to secure a foothold in the Folly Beach market.
Features
- Amenities: Dog Park, Laundry, Park, Tennis Court(s), Trash, Walk/Jog Trails
- Bedrooms: 3
- Baths: 2 full / 2 half
- Laundry: Washer Hookup, Laundry Room
- Style: Cottage
- Development: 22 - Folly Beach to Battery Island
- Year Built: 1958
- Heating: Heat Pump
- Cooling: Central Air
- Approx Sq. Feet: 1,660
- Acreage: 0.12
- Lot Desc: 0 - .5 Acre, High, Interior Lot, Level
- Elem. School: James Island
- Middle School: Camp Road
- High School: James Island Charter
- MLS#: 26009686
- Days on Market: 48 days
- Website: https://www.raveis.com
/eprop/26009686/503eashleyavenue_follybeach_sc?source=qrflyer
Listing courtesy of Carolina One Real Estate
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
503 E Ashley Avenue, Folly Beach, SC, 29439
$1,299,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.368% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,231 | $6,399 | $8,769 |
| Total Monthly Payment | $6,356 | $6,524 | $8,894 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484