1703 E Ashley Avenue, Folly Beach, SC 29439

$800,000
2
BD
2
BA
1,360
SqFt
Sold Price
$800,000
List Price
$899,000
Status
Closed
MLS#
18021560
Closing Date
Aug 16, 2019
Year Built
1978
Style
Contemporary
Living Area
1,360
Bedrooms
2
Bathrooms
2
Full-baths
2
Subdivision
Folly Beach

Property Description

Excellent rental income! This year's bookings are $80,000 and counting. Possibly best rental income producer for the money. In addition, this lot is not affected by the new 40' setback from the renourishment line rule because it is more than 40' from the rear lot line. See survey. Fantastic oceanfront home has two bedrooms, each with its own private oceanfront balcony. Newer oceanside deck, High skylights brighten the kitchen and exposed wood beams in the living room add to the charm and cozy feel. The furniture is included. The lot in front of this home has been donated to a conservancy with a 10' access easement to the ocean. $88K gross rental income in 2017. $67,500 in 2018 (renourishment), almost 80,000 in bookings so far in 2019, projected total willbe over $90,000.

Additional Information

Levels
1 Story
Lot Description
Beachfront, Ocean View, 0 - .5 Acre
Interior Features
Window Treatments - All, Ceiling - Cathedral/Vaulted, Ceiling - Smooth
Floors
Laminate
Roof
Asphalt Shingle
Cooling
Central
Heating
Electric, Heat Pump
Exterior Features
Deck
Foundation
Elv. Construction
Parking
Off-Street Parking
Elementary School
James Island
Middle School
James Island
High School
James Island Charter

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of . Selling Office: .