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Embrace the tranquil charm of Daufuskie Island w/ this bucolic . 38-acre resort lot, just a short biking or cart ride to the beach and all the islands natural beauty. With no bridge to the mainland, the island maintains its quiet, timeless character with moss-draped roads winding through the community, and neighbors greeting each other warmly. Rich in history, culture, and pristine beaches, the island is a one-of-a-kind place to call home. FEMA zone flood ins. avail. High-speed fiber optic, water/sewer, electric hook-ups are in place. Melrose Annual Dues are a mere $900. 00/year for homesites. An optional, seasonal pool and fitness center membership is available with discounted rates for Melrose property owners. Homeowners are able to purchase a Haig Point membership to enjoy amazing golf, restaurants, and 24/7 ferry service that is only a 30min ride to & from Hilton Head Island. Enjoy the best of what Daufuskie has to offer and own your piece of coastal paradise at a great value!
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Our Executive Mortgage Banker:
$25,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $20,000 | $20,000 | $20,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $114 | $120 | $159 |
| Total Monthly Payment | $189 | $195 | $234 |
* 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.