SPECIAL INTEREST RATE WITH CLOSING COST ASSISTANCE PAID FOR BY BUILDERWelcome to 235 Grouper Lane, a beautifully designed new construction home located in The Cove at Mallard Crossing, one of Summerville's most desirable communities. This home has an alley fed driveway, meaning this property offers exceptional privacy and a peaceful natural backdrop while remaining close to parks, downtown Summerville, shopping, dining, and major commuter routes. The home is zoned for the award-winning Dorchester District 2 school system, adding long-term value and appeal. The thoughtfully designed Woodland floorplan features a charming front porch and a desirable alley-load garage, combining timeless curb appeal with modern functionality. Inside, the home is designed for flexibility and comfort, highlighted by a primary suite on the main level--ideal for convenience, long-term livability, or a private owner's retreat separate from upstairs bedrooms. Just off the entry, a versatile flex space provides the perfect setting for a home office, study, playroom, or workout space, accommodating today's work-from-home and multi-use living needs. The open-concept main living area connects the gourmet kitchen, café dining area, and spacious great room, creating an inviting space for entertaining and everyday living. The kitchen overlooks the great room, allowing for easy conversation and connection. Upstairs, a large recreation room offers a secondary living space ideal for a media room, game room, or teen retreat. A private en-suite bedroom is perfect for guests or multigenerational living, while three additional bedrooms provide generous space for family, hobbies, or additional work-from-home options. With flexible living spaces, modern design, and a tranquil wooded setting, this home delivers comfort, privacy, and lifestyle-driven design. *Square footage dimensions are approximate. *The photos you see here are for illustration purposes only, interior and exterior features, options, colors and selections will differ. Please reach out to sales agent for options.
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Our Executive Mortgage Banker:
$398,270
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $318,616 | $318,616 | $318,616 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,910 | $1,988 | $2,646 |
| Total Monthly Payment | $1,985 | $2,063 | $2,721 |
* 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.