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Wonderful remodel of a duplex in highly desirable Ashley Forest, just minutes to the Avondale district and close to downtown. What makes this property unique is it has rare R-4 Charleston County zoning in an area that is majority City of Charleston. It may allow for STR up to 144 days with STR permit. Buyer to confirm all guidelines regarding this. Also, great to live in one unit and have the other unit help pay for the home. Lots of possibilities for a home or rental income. Both units have open floorplans and large bedrooms with double closets. They both have all new kitchens with white shaker cabinets, new appliances, tile backsplash, breakfast counter, and quartz quartz countertops. The baths are all new with shiplap accents and a more modern tile look. The floors are new oak hardwoodthroughout, fresh paint, new fixtures, mostly new doors, smooth ceilings, and there are shiplap accents in both units for added appeal. The big items have been taken care of. The HVAC's are new, new tankless water heaters, new architectural roof, and all new windows. Each unit has a private backyard with gravel paths and a gravel firepit for added landscape appeal. This area is really hot right now and rare to find a duplex here in such a great location. This would be a great home, rental, house hack, or possible STR. Also could be a great home for 2 friends or family members to buy together and each have own apartment. Lots of possibilities! Listing agent is related to the seller and has a financial interest in the house.
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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 | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.403% | 6.431% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,713 | $3,817 | $5,025 |
| Total Monthly Payment | $3,805 | $3,909 | $5,117 |
* 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.