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Located in the highly desirable Riverland Terrace neighborhood on James Island, this classic Charleston home offers timeless character and incredible potential. Set beneath a stunning, moss-draped oak tree, the property sits on a beautiful street lined with mature trees that showcase true Lowcountry charm. The home features three bedrooms and a full bath upstairs, with a half bath downstairs. Inside, you'll find beautiful hardwood floors throughout, a welcoming living room with a fireplace, a formal dining room, and a partially renovated kitchen. An additional roomon the main level, added prior to the current ownership, provides flexible space ideal for a home office, playroom, flex room, or the opportunity to create a downstairs primary suite with bath. This space currently houses the laundry area and offers direct outdoor access. The large, fenced backyard is shaded by another majestic oak tree and includes a storage building at the rear of the property (tear-down). While the home is a fixer-upper and in fair condition, it is generally in good shape and presents a fantastic opportunity for renovation and customization. A new roof and HVAC system will be needed, making this an excellent option for buyers looking to add value in a prime location. In 2017 the windows were replaced and the hardwood floors were refinished. Enjoy close proximity to shopping, restaurants, theaters, and downtown Charleston, with a neighborhood boat landing and playground just down the road. A rare opportunity to invest in one of James Island's most sought-after neighborhoods, don't miss the chance to make this Riverland Terrace gem your own.
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Our Executive Mortgage Banker:
$795,000
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 |
|
|---|---|---|---|
| Loan Amount | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.280% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,611 | $3,864 | $5,113 |
| Total Monthly Payment | $3,703 | $3,956 | $5,205 |
* 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.