$344,684 EMV

757 Sq. Ft.   Single-Family
Get the Preforeclosure Address

Folly Field Rd Apt 12f
Hilton Head Island, SC 29928

Overview

This Single-Family Preforeclosure is located at Folly Field Rd Apt 12f, Hilton Head Island, SC 29928. It has , 757 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $344,684.
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Status: Active
Listing ID: 63279911
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Homes near Folly Field Rd Apt 12f in Hilton Head Island, South Carolina


Learn about Folly Field Rd Apt 12f in Hilton Head Island, SC

This single-family property is available as a preforeclosure at Folly Field Rd Apt 12f. With 757 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Hilton Head Island, specifically for Folly Field Rd Apt 12f and comparable listings. Based on this expert analysis, the estimated market value is $344,684. If purchased for rental purposes, the monthly rental rate could range between $1,110 and $1,251, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Folly Field Rd Apt 12f are updated daily along with others in Hilton Head Island, South Carolina, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Folly Field Rd Apt 12f below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Folly Field Rd Apt 12f in Hilton Head Island South Carolina Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Folly Field Rd Apt 12f
View Preforeclosure Status
03/03/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Hilton Head Island, SC like?

Hilton Head Island, renowned for its stunning beaches and golf courses, offers a luxurious lifestyle that attracts residents and tourists alike. The island features a vibrant community with numerous shopping centers, fine dining restaurants, and water sports available, making it a perfect blend of relaxation and adventure.

Lifestyle amenities are abundant on the island, including resorts, spas, and wellness centers, creating an appealing environment for those seeking comfort. Family-friendly activities abound, with opportunities for boating, biking, and attending seasonal festivals, providing a multifaceted experience for residents and visitors.

Education is a priority here, with several highly rated schools and proximity to technical colleges and universities. The island's emphasis on education ensures families can provide their children with quality learning opportunities.

The natural beauty surrounding Hilton Head Island is complemented by a commitment to conservation and sustainability, contributing to a picturesque and environmentally friendly living space.

Nearby Schools

There are 4 schools in the area. Nearby schools include Hilton Head Island High School and Hilton Head Island Middle School.

Hilton Head Island High School
Hilton Head Island Middle School
Sea Pines Montessori Academy
Island Academy of Hilton Head

Nearby Attractions

There are plenty of activities near this property like Hilton Head Library, Coastal Discovery Museum, and more.

Hilton Head Library
Coastal Discovery Museum
Lowcountry Celebration Park

What kind of public transportation is there?


Public transportation options include: The island operates a free trolley service during peak season for convenient travel between beaches, shopping areas, and attractions., Bicycle rentals are widely available, promoting eco-friendly transportation methods around the island.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Sea Pines Forest Preserve, Coligny Beach Park and more.

Sea Pines Forest Preserve
Coligny Beach Park
Port Royal Plantation

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

Hargray
Xfinity
AT&T
Rental Chart
View Rental and Market Value
for Folly Field Rd Apt 12f in Hilton Head Island South Carolina
View Market Value

Property Information

Preforeclosure

The property located at Folly Field Rd Apt 12f in Hilton Head Island, SC is listed as a Preforeclosure

This listing located at Folly Field Rd Apt 12f in Hilton Head Island, SC could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Hilton Head Island, South Carolina is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Hilton Head Island, SC, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Hilton Head Island, South Carolina doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Loan Information

Legal Information

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Rental Value

The estimated rental value for Folly Field Rd Apt 12f located in Hilton Head Island, SC is $1,141/month. Comparable homes around Folly Field Rd Apt 12f that are rentals have monthly ranges starting as low as $1,110 per month and as high as $1,251 per month. An owner looking to use this property as an investment could bring a return in the area of $1,110 - $1,251 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
03/03/25   Preforeclosure Fiddlers Cove Beach And Rac...

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Folly Field Rd Apt 12f
Hilton Head Island, SC 29928

757 sq. ft.   Single-Family

$344,684 EMV

Status: Active Listing ID: 63279911

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Folly-Field-Rd-Apt-12f-Hilton-Head-Island-SC-29928/63279911_lid

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