This is a rare opportunity to build your dream home on Folly Beach! This street-to-street lot measures 70 x 150 and extends from East Ashley to East Cooper, totaling .24 acres and just steps from the beach. A portion of the property includes protected natural area: however, wetlands have been professionally delineated, and all necessary approvals and permits have been secured, allowing for development of up to a 5-bedroom home (septic permit in hand). Documentation available on request. The best view of the lot is from E. Cooper Ave, just a short walk to the sand and surf. With this homesite, the sky's the limit! Enjoy everything Folly has to offer--great restaurants, local shops, beach parks, a new fishing pier, boat landing, and tennis and pickleball courts. Folly truly has it all!
916 E Ashley Avenue, Folly Beach, SC, 29439
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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