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412 Palm Street is situated in The Groves, one of the most established, sought after neighborhoods in South Mt Pleasant. This renovated traditional home sits on an expansive lot and features a brand-new back house, perfect for an office or guest quarters that is equipped with a kitchenette, full bathroom, metal roof and outdoor shower. The owner has an approved building permit in hand for a 1, 400 sq. ft. two-story addition off the right side of the property that includes a primary bedroom suite and a spacious new living room area. The house underwent a full renovation in 2024 to include a new kitchen, bathrooms, plumbing, electrical, and HVAC. The main living space is open, allowing for easy entertaining throughout the kitchen, dining and living areas. There is a large flex room on the first floor that could be used as a playroom, office or additional bedroom. The light-filled primary bedroom is located upstairs with an en suite shower bath. Two additional bedrooms and a full hall bathroom with tub are also located on the second level. Outside, the spacious front, side and backyard are an oasis. Freshly installed turf makes for easy maintenance in the back. Extensive hardscaping including patio, footpaths, parking space, and a firepit area were all completed in 2025. Additional updates from 2025 include exterior paint of the house and storage shed, an encapsulated crawlspace with dehumidifier, irrigation system installed with new front yard sod and landscaping, and a custom newly built carport with metal roof. Enjoy being less than five miles from downtown Charleston, Sullivan's Island and a short stroll to coffee shops, restaurants, and Shem Creek. This property is zoned for Mount Pleasant Academy and located in a X flood zone. 412 Palm Street combines modern luxury, comfort and convenience, making it an incredible Lowcountry residence.
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Our Executive Mortgage Banker:
$2,195,000
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 | $1,756,000 | $1,756,000 | $1,756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 5.858% | 5.826% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,970 | $10,248 | $14,465 |
| Total Monthly Payment | $10,095 | $10,373 | $14,590 |
* 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.