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3 Florence Street, Sullivans Island, SC, 29482 | $3,200,000
0. 36-acre corner lot at Florence St and Poe Ave, that backs up to Officers Row. This is an exceptional opportunity to build in one of the most desirable and private pockets of Sullivan's Island, just a quick golf cart ride to everything Middle Street has to offer and an even quicker walk to the beach. An existing 6BR/3BA residence sits on the property and presents a true tear-down opportunity. With no grand trees impacting the buildable area, the lot is a clean slate for new construction. The property measures approximately 130' x 120', with additional right-of-way along Poe Ave that makes it feel even larger. Under Sullivan's Island zoning, the principal structure allows approximately 3, 468 SF by right, with the potential for up to 500 additional SF with DRB approval, for approximately 3, 968 SF of heated and cooled space. This does not include porches, pool, or garage. The property is located in an AE-10 flood zone bordering an X zone.
Features
- Amenities: Boat Ramp, Park, Tennis Court(s)
- Bedrooms: 6
- Baths: 3 full
- Style: Ranch
- Development: 43 - Sullivan's Island
- Year Built: 1963
- Approx Sq. Feet: 2,831
- Acreage: 0.36
- Lot Desc: 0 - .5 Acre, Corner Lot, High, Interior Lot
- Elem. School: Sullivans Island
- Middle School: Moultrie
- High School: Wando
- MLS#: 26002394
- Days on Market: 125 days
- Website: https://www.raveis.com
/eprop/26002394/3florencestreet_sullivansisland_sc?source=qrflyer
Listing courtesy of Beach Residential
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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3 Florence Street, Sullivans Island, SC, 29482
$3,200,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 |
|
|---|---|---|---|
| Loan Amount | $2,560,000 | $2,560,000 | $2,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,348 | $15,555 | $21,603 |
| Total Monthly Payment | $15,473 | $15,680 | $21,728 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484