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1643 Folly Creek Way

1643 Folly Creek Way, Charleston, SC 29412
Property in Charleston
Sold Oct 16, 2020
$653,000
$350,000 by Cmg Mortgage Inc
Mortgage Due Nov 01, 2050
Sold Sep 17, 2008
$624,700
$624,700 by Merrill Lynch Credit Corp
Mortgage Due Oct 01, 2033
1643 Folly Creek Way has been categorized by the local assessors in Charleston, SC as a residential type of property. The building on the property was first built in 2007 and is 17 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1643 Folly Creek Way has 1,738 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 431,863 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1643 Folly Creek Way was last sold in Sep 28, 2020 for $653,000. According to our calculations, that's $375.72 per sqft. Prior to that sales transaction, the property was sold for $624,700 in Sep 17, 2008. Current property owners are expected to pay $9,455 in taxes per year. The property on 1643 Folly Creek Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $39,180. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Style: Condo
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 431,863
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,738
  • Gross Building Area: 1,738
  • Building Area: 1,738
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,738
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PALMETTO POINT AT PEAS ISLAND
  • Land Acres: 9.914
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: LEGAL DESCRIPTION SUBDIVISION NAME -PALMETTO POINT AT PEAS ISLAND DESCRIPTION -UNIT E-9 SITE NAME -PALMETTO POINT @ PEAS ISLAND PLATSUFFIX XXX-W568532 POLTWP 009

Ownership

  • Current Owner : STRITTMATER TERRY
  • Current Owner 2: STRITTMATER SUSAN
  • Previous Owner : NICHOLS RUTH ELLEN
  • Owner Before Previous Owner: ISLAND POINTE LLC
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Charleston County School District
  • School Tax School District: FOLLY BEACH
  • Census Tract: 002008

Geography

  • Assessors Map Reference: MB W568 PG 532
  • District: 37
  • Parcel: 331-00-00-085
  • Municipality: JAMES ISLAND
  • Latitude: 32.6807
  • Longitude: -79.9511

    Address

  • Full Address: 1643 Folly Creek Way
  • Address - House Number: 1643
  • Address - Street Name: Folly Creek
  • Address - Suffix Type: Way
  • State: SC
  • City Name: Charleston
  • Carrier Code: R005
  • 4-Digit Zip Code: 9573
  • Zip Code: 29412

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,455
  • Tax Rate Code Area: 3-7

    Appraisal Valuation

  • Standard Deviation: 0.2032
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 1,011,319
  • High Value: 1,216,876
  • Low Value: 805,761

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Oct 16, 2020
  • First Open Lien Mortgage Loan Amount: $350,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $653,000
  • Market Land Value: $170,000
  • Market Improvement Value: $483,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,180

    Sales

  • Current Sale Contract Date: Sep 28, 2020
  • Current Sale Recording Date: Oct 16, 2020
  • Current Sale Transaction ID: 11796258843
  • Current Sale Price: $653,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Sep 17, 2008
  • Previous Sale Contract Date: Sep 17, 2008
  • Previous Sale Amount: $624,700
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Oct 16, 2020
  • First Mortgage Loan Amount: $350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: MERRILL LYNCH CREDIT CORP
  • Previous Mortgage Transaction Date: Sep 17, 2008
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $624,700
  • Previous Mortgage Term: 300
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Oct 01, 2033

About Folly Beach



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Frequently Asked Questions

What neighborhood is 1643 Folly Creek Way located in?
The 1643 Folly Creek Way is a located in the neighborhood of Charleston in Folly Beach, Charleston.
What is the average sales price for listings in 1643 Folly Creek Way?
The average sales price for units in 1643 Folly Creek Way is $0 currently.

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