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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Bed & breakfasts
107 Erie Ave Folly Beach, SC 29439
Individually Owned
19-yr Hold
Property ID
US77-3015278
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1930
Total area
924 SF
Lot
0.12 ac (5,227 SF)
APN
328-14-00-225
UPID
US77-3015278
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$610k
Owner & transaction history
Christin Richardson · 19 yrs held
Christin Richardson
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Folly Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Folly Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$660 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,295
Tax year 2023
Assessed value
$25,670
Assessed 2023
Previous assessed
$25,670
+0.0% YoY
Effective rate
24.52%
On assessed value
Land market value
$250,000
Improvement market value
$212,000
Total market value
$462,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1930
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
1
Total area
924 SF
Lot
0.12 ac (5,227 SF)
APN
328-14-00-225
UPID
US77-3015278
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1930
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Christin Richardson
Individual
Mailing address
PO BOX 1922, FOLLY BEACH, SC 29439-1922
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2007
$555,000
Christin Richardson
Brown,david A & Greta O
Grant Deed
$499,500 · America's Wholesale Lender
Mar 14, 2006
$520,000
David A Brown
Tracey,edward J
Grant Deed
$468,000 · Shelter Mortgage Corp
Aug 25, 2005
$399,999
Edward J Tracey
Hartwig,ulf D
Grant Deed
$319,999 · Lehman Brothers Bank Fsb
Apr 29, 2005
$325,000
Ulf D Hartwig
Beanco LLC
Grant Deed
$247,500 · Wells Fargo Bank
Dec 2, 2004
—
Beanco LLC
Cobb,hal E
Quit Claim Deed
related
—
Mar 15, 2003
$163,000
Hal E Cobb
—
Grant Deed
related
—
—
—
Hal E Cobb
—
Deed Of Trust
related
$191,200 · Southtrust Mortgage Corp
—
—
Christin Richardson
—
Deed Of Trust
related
$491,000 · Tidelands Bank
—
—
Hal E Cobb
—
Deed Of Trust
related
$23,900 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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