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Proposed construction opportunity in the gated community of Wassamassaw Plantation. The proposed Olivia Modern Farmhouse plan offers approximately 2, 786 square feet, thoughtfully designed with an open layout and modern farmhouse architecture. The main living area centers around a spacious kitchen with a large island overlooking the great room and backyard, ideal for everyday living and entertaining. The home includes 4 bedrooms, 3. 5 bathrooms, and flexible living space, including a loft area and an additional full bathroom on the second floor. The owner's suite features dual vanities and generous closet space. Interior highlights include quartz kitchen countertops, Marsh cabinetry, LVT flooring in main living areas, stainless steel appliances, and a freestanding soaking tub in the owner's bath. A 12-foot sliding patio door connects the great room to an expansive covered porch, creating seamless indoor-outdoor living. Exterior features include fiber cement siding, an elevated foundation, architectural shingles, and a two-car garage. Energy-efficient construction includes Low-E windows, modern insulation standards, and a high-efficiency HVAC system. Located just minutes from Summerville and approximately three miles from Cane Bay schools and shopping, this property offers the opportunity to build a custom home within a peaceful nature-preserve community featuring a pool, ponds, and a community pier. Pricing reflects proposed build with selected upgrades. Final price subject to buyer selections and site evaluation. Community amenities include pool, park, picnic area, pier and ponds. A rare opportunity to build in a well-established gated community with completed amenities and a tranquil natural setting. This listing is also listed as vacant land in MLS listing 26006725.
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Our Executive Mortgage Banker:
$999,118
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 | $799,294 | $799,294 | $799,294 |
| 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 | 6.312% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,728 | $4,857 | $6,745 |
| Total Monthly Payment | $4,820 | $4,949 | $6,837 |
* 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.