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Opportunity to purchase an 1852 Charleston single house and customize the final finishes. This historic property is currently undergoing a comprehensive restoration and renovation. Major structural and exterior improvements have already been permitted and completed, including a new roof, new siding, new windows, and newly constructed piazzas. All structural work beneath the home has been restored, ensuring a solid foundation for the renovation and providing the benefit of updated systems while preserving the character of the home. Inside has been stripped to the studs and framed for 3 bedrooms and 3 full baths. The thoughtfully-designed floor plan is centered around preserved historic architectural elements, including 4 original fireplaces and open-beamed ceilings. The main levelconsists of a front room with exposed brick gas fireplace that can be a formal living room, office, or third bedroom. The center room, which also features an exposed brick fireplace, would make an ideal dining room. It leads to a back room that will house an open concept kitchen and the main living area. A convenient laundry and mudroom, plus a full bath will also be on the first floor. Upstairs, the primary suite at the rear of the house incudes an en suite full bath and walk-in closet. It opens to a private porch overlooking the back yard. A central flexible loft space and a second front bedroom each have an exposed brick fireplace. The bedroom accesses the second-floor piazza. They share a full hall bath. The property does not require flood insurance; a new survey and flood elevation certificate are available in the documents. Off-street parking is available in front of the home as well as a side driveway. Both are rare and valuable features in the historic district. The large back yard is fully fenced-in. The home is being offered for sale during the renovation process, with wide plank French oak flooring installation currently underway. Kitchen and bathroom layouts will be available soon. As construction progresses, the price will increase accordingly. Purchasing at this stage allows the buyer to select finishes such as colors, appliances, tile, and fixtures tailored to personal preferences, while benefiting from the completed structural work. Islington Court is a residential street just off of Cannon Street, between President Street and Ashley Avenue. The location offers exceptional walkability to many of the peninsula's key destinations, including MUSC, Roper Hospital, and the College of Charleston. Residents are also just a few blocks from the restaurants, shops, and nightlife of Upper King Street, as well as the Publix at WestEdge. It's close to downtown's dining, shopping, medical district, and cultural attractions, while easy access to the Crosstown makes for quick trips to Mount Pleasant, West Ashley, or the beaches. Once complete, this property will offer the charm of a restored historic Charleston residence combined with the comfort of modern updates in a highly desirable downtown location.
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Our Executive Mortgage Banker:
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$945,000
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 | $756,000 | $756,000 | $756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.247% | 6.117% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,472 | $4,594 | $6,329 |
| Total Monthly Payment | $4,564 | $4,686 | $6,421 |
* 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.