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The drone pics of this property show the beauty and potential for a private residence, your own secluded retreat in the heart of Mt Pleasant. With a raised home, built on piers, you will enjoy the amazing views of the Intercoastal Waterway, Hamlin Sound and potentially the Atlantic Ocean in the distance. This raw land is a blank canvas for your Coastal Dream Home. No minimum build requirements and No HOA to approve your new home plans! The entire right side of the property is lined by marsh and a creek that winds its way through the marshland. You will enjoy Nature and Wildlife, in abundance, that is native to the Lowcountry. There may be potential for a crabbing dock or Kayak launch. Either would need to be approved by OCRM and a permit issued to build. This type of property does not come available often. Formerly Heirs property, it has been in this family for two generations. This raw land is zoned S3 and has the potential to be split into a minimum of 3 lots, based on size, and possibly 4. This information was gained from the Charleston County Planning and a buyer and their agent must confirm if this is important to purchasing. This could potentially be a great investment for a builder and spec homes.
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Our Executive Mortgage Banker:
$850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.229% | 6.121% | 6.018% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,861 | $4,077 | $5,692 |
| Total Monthly Payment | $3,953 | $4,169 | $5,784 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.