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Don't miss your chance to own the storied Scott-Foster House! Built in 1779 by merchant John Scott and the recipient of a Carolopolis Award from the Preservation Society of Charleston, this home, situated alongside the quaint Gadsden Alley, has served as a residence, a grocery store, a saloon, was occupied by British soldiers during the American Revolution, and later by US Navy Servicemen during WWII. If you are looking for a generational trophy property and a true testament to the history of the Holy City and Elliott St, look no further, you're home. Options abound in this fully renovated South of Broad historical charmer. 8 and 8 1/2 Elliott St offers the discerning buyer a property packed with both an amazing past and extensive flexibility for future usage. The property is presentlyconfigured as a 2 br 2 1/2 bath on the second and third floors and a 1 br 1 bath on the first floor with coveted outdoor patio space. Both units boast independent entrances, full kitchens, and laundries. Whether you are looking for an excellent investment with the option to generate rental income with one or both of the units or wish to bring this historical masterpiece into her next chapter as an impressive single residence (drawings available for viewing), the options are endless. This property is available for immediate showings. *This property comes with 2 residential on street parking permits which can be applied for with the City of Charleston by it's new owner. **Drawings show both the current layout and the proposed layout that could be achieved if a buyer desired to convert to a single mansion.
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$3,195,000
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 | $2,556,000 | $2,556,000 | $2,556,000 |
| 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 | 6.350% | 6.361% | 6.203% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,325 | $15,738 | $21,569 |
| Total Monthly Payment | $15,450 | $15,863 | $21,694 |
* 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.