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165 Rutledge Avenue, Charleston, SC, 29403 | $2,200,000
Situated in a prime location adjacent to the Medical University of South Carolina near the corner of Rutledge Avenue and Doughty Street, 165 Rutledge Avenue is a five-unit historic property with very little vacancy. There are five separate metered units, three of which are in the main house and two units are in the rear brick house. The main house has 4, 885 square feet and the detached brick house has 1, 234 square feet for an approximate total of 6, 119 square feet. There are nine bedrooms and eight full baths. The 1800's historic details include a slate roof, ceiling medallions, plaster work, brick fireplaces, old heart pine floors, and large wraparound piazzas. With an income potential supported by location and unit configuration, the property has historically shown strong demand from the surrounding medical and academic community. As an added bonus, there is maneuverable parking on site for eight vehicles. This property offers potential to combine the top three floors (unit A and B) into a primary residence with a ground floor apartment and two smaller detached one-bedroom units in the rear. Zoning is DR 1. Walk to MUSC, College of Charleston, Charleston School of Law and Ashley Hall School, as well as world-renowned restaurants and shopping.
Features
- Bedrooms: 7
- Units: 5
- Development: 51 - Peninsula Charleston Inside of Crosstown
- Year Built: 1852
- Heating: Natural Gas, Space Heater
- Cooling: Window Unit(s)
- Approx Sq. Feet: 4,885
- Acreage: 0.14
- Elem. School: Memminger
- Middle School: Simmons Pinckney
- High School: Burke
- MLS#: 26008187
- Days on Market: 52 days
- Website: https://www.raveis.com
/prop/26008187/165rutledgeavenue_charleston_sc?source=qrflyer
Listing courtesy of William Means Real Estate, LLC
William Raveis Family of Services
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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
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Yokadi.Mejia@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
165 Rutledge Avenue, Charleston, SC, 29403
$2,200,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.349% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,552 | $10,837 | $14,852 |
| Total Monthly Payment | $10,677 | $10,962 | $14,977 |
* 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