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Located in the heart of Charleston's historic French Quarter, this meticulously restored residence at 44 State Street offers a rare opportunity to own a fully furnished, turnkey investment property just steps from Broad Street. Originally built in 1795, the property underwent an extensive renovation that thoughtfully reconfigured the building into two separate residences while preserving its historic character and architectural integrity. Recognized with the prestigious Carolopolis Award, the home showcases timeless Charleston details throughout, including soaring ceilings exceeding 9 feet, exposed brick walls, and abundant natural light. The main living spaces are centered around a beautifully designed kitchen featuring a large center island with an integrated dining table and seating area, creating an ideal gathering space for both everyday living and entertaining. The residence offers three bedrooms, three full bathrooms, and one half bath, along with a private courtyard and patio that extend the living space outdoors. Nestled along iconic State Street--renowned for its charming window boxes, art galleries, boutique shopping, and acclaimed restaurants--the property embodies the very best of downtown Charleston living. The home's signature window boxes are equipped with an irrigation system for effortless maintenance. Currently professionally managed by AVANTStay and generating approximately $10, 000 per month in rental income through 30+ day stays, the property is being offered fully furnished and is completely turnkey. As a smoke-free and pet-free rental, it has been exceptionally maintained and presents a seamless opportunity for investors, second-home buyers, or those seeking a lock-and-leave Charleston residence in one of the city's most coveted locations.
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:
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,495,000
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 | $1,996,000 | $1,996,000 | $1,996,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.086% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,648 | $11,967 | $16,843 |
| Total Monthly Payment | $11,773 | $12,092 | $16,968 |
* 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.