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Conveniently situated less than 10 minutes from Folly Beach & Downtown Charleston, James Island is one of the most coveted areas of the Lowcountry. Experience the dream boating lifestyle at this waterfront stunner with views of the Morris Island lighthouse! On just under an acre (subdividable) with NO HOA, enjoy your own 250' dock with power & water, a 12'x24' head, plus 8'x16' floater. Already rigged with 4 poles if new owner wants to add a drive up ramp. . . & there's a boat launch/famp on the property! The home itself is nestled into the wooded lot, completely private from the street, accessed by a long private drive. The peninsula was Battery Reed from 1861 to 1864 (Daughters of the Confederacy put a historical marker adjacent to the property). Built in 1925, the front of the house wasthe site of the original Clemson Agricultural Research Offices until 1939. Bedroom wing was added in 1969. While current utilities are septic & well, city water & sewer are readily available. There are two large carports & a detached shed/workshop. Seeking the freedom to have your boats, RV, tractors & other toys at home? Have you always wanted chickens & fresh eggs? This unique spot has everything you've ever wanted. The non waterfront home across the street recently sold for over a million on a . 3 acre lot, so this is an incredible opportunity to build your dream waterfront oasis with phenomenal value!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
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 | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.235% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,152 | $6,319 | $8,776 |
| Total Monthly Payment | $6,277 | $6,444 | $8,901 |
* 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.