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Set on a desirable residential street in the quiet South of Broad neighborhood, 10 Council Street presents a rare opportunity to create a truly exceptional family home in one of the city's most desirable areas. With generous proportions and a flexible floor plan, this residence is ideally suited for a thoughtful renovation that maximizes both livability and long-term value. The main level offers a gracious formal living room, a dedicated dining room, and a spacious informal living area that could be seamlessly reimagined into an open-concept kitchen and family space--perfect for modern living and entertaining. Upstairs, the home features an oversized primary suite along with two well-sized bedrooms sharing a hall bath, offering a strong foundation for a refined and functional layoutThe property's lot provides ample room for expansion, with the potential to incorporate a pool, guest house, or extend the main residence, subject to approval by the Board of Architectural Review. The location of this property adds immediate value, within easy walking distance to all that residents love about South of Broad. Just down the street from Burbage's grocery in one direction, or take a left out the driveway and be at the city's beautiful battery in only 2 blocks. The Moultrie playground and Colonial lake area is within one block as well, and you'll have an immediate set of friends on this highly desirable block. Offered in as-is condition, this is a compelling opportunity for buyers with vision to restore and enhance a classic Charleston home, capitalizing on its scale, location, and significant upside potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,595,000
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 | $2,076,000 | $2,076,000 | $2,076,000 |
| 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 | $12,447 | $12,782 | $17,518 |
| Total Monthly Payment | $12,572 | $12,907 | $17,643 |
* 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.