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Water views & water access! Rare opportunity to own 0. 88 acres in the center of James Island. Located only 6 miles from Downtown Charleston, 6. 5 miles to Folly Beach, and only 2 miles to the shops and restaurants of Riverland Terrace. This property is very private and surrounded by natural beauty all while remaining minutes from some of Charleston's most desirable locations. The property offers water views along Ellis Creek which directly connects to the Charleston Harbor- an increasingly rare feature in such a central location. Whether you are an investor or homeowner, the lot provides the opportunity to design and build a custom primary residence, spec house or vacation home. Possibility to build crabbing dock. Permit needed. The seller has completed extensive preliminary due diligence regarding the electric, water and sewer/septic options. Water (city or well and RO system )and sewer or septic will need to be installed. A temporary electric box is in place and needs to be run to the property. Seller has paid CWS tap and impact fees. Foresberg Surveyor's has started sewer plans. Property is mostly wooded. Seller has provided the best information to their knowledge. Buyer to do their own due diligence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$279,000
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 | $223,200 | $223,200 | $223,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.533% | 5.794% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,338 | $1,392 | $1,824 |
| Total Monthly Payment | $1,413 | $1,467 | $1,899 |
* 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.