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Have you been searching for the perfect spot to build your dream home in South Mount Pleasant? Don't miss this exceptional opportunity at 734 Kent Street, located in the desirable Hobcaw area--just steps from the highly sought-after ION neighborhood. This ready-to-build lot offers both flexibility and value, with R-2 zoning and 40% allowable lot coverage, making it ideal for a custom home in a rapidly transforming neighborhood. Property Highlights: * Lot Size: 9, 000 sq ft (60 x 150 x 60 x 150)* Setbacks: 25 ft front & rear, 10 ft on each side* Zoning: R-2 (ideal for residential development)* Cleared lot - ready for construction* Mature oak trees at both the front and rear, adding character and natural beautyThe property is not located in a flood zone. The surrounding area is experiencing strong revitalization, with many older homes being replaced by stunning new construction--making this an excellent opportunity to invest in a neighborhood on the rise. Location Perks: * Minutes to Shem Creek for waterfront dining and boating * Quick access to downtown Charleston * Short drive to beaches like Isle of Palms and Sullivan's Island Whether you're a builder, investor, or future homeowner, this lot offers the perfect combination of location, size, and potential in one of the Lowcountry's most desirable areas.
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Our Executive Mortgage Banker:
$650,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,202 | $3,330 | $4,353 |
| Total Monthly Payment | $3,294 | $3,422 | $4,445 |
* 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.