Location, price, condition, amenities. This is James Island's lowest priced condo, yet still move-in ready with fresh renovations. Situated 5 miles from both Downtown Charleston's medical district and Folly Beach, this ground level condo (no stairs) makes for a savvy investment, a lock and leave abode, or low maintenance primary residence. Building 13 is situated in the back of the community, away from busier roads, and on a gorgeous tidal bluff to take in lowcountry views. Kayak/fish at high tide and enjoy the wildlife at low tide. This waterfront area is also well lit in the evenings, and includes pet waste stations. This home recently underwent renovations to include professionally smoothed and painted ceilings, fresh paint on every wall, lighting upgrades throughout, regroutedkitchen backsplash, new carpet in bedroom, new water heater, and a professional deep clean. The living area is complete with LVT flooring which extends into the laundry/utility room. A sliding glass door gives way to a shaded patio with privacy fence and side entry. A wood burning fireplace provides ambiance and warmth in the winter months. Amenities include a pool, clubhouse, gorgeous mature trees and landscaping, boat/trailer parking for a small fee, recycling / trash dumpsters, and kayak storage. Water, building insurance, flood insurance, pest/termite control, common area/amenity upkeep are all included in the low HOA fee of 318 per month (of note: 2 and 3br units are approx $400 and $493/mo). No known assessments are the pipeline unlike other communities in the area. Tenants have enjoyed very low power bills over the years.
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$212,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $169,600 | $169,600 | $169,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,044 | $1,071 | $1,408 |
| Total Monthly Payment | $1,119 | $1,146 | $1,483 |
* 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.