208 Rae Lane, Bonneau, SC, 29431 | $175,000

Three separate dwellings on a full, usable 1. 05-acre lot in Bonneau -- and three different ways to make it yours. Move into one home and let the others help carry the mortgage, run all three as rentals, or look further down the road and picture the dream home or family compound you could build on this rare stretch of open Lowcountry land. Properties offering this much flexibility on a single deed almost never come available out here. A long gravel drive opens onto a cleared acre framed by mature hardwoods and pines, with woods and farmland rolling out beyond -- genuine country quiet, with a straight shot up Highway 17A to Moncks Corner for everyday needs. The main residence (3 bed 2 bath) anchors the property: a comfortable single-level home wrapped by a full front porch made for slow mornings and easy evenings. Inside you'll find tasteful updates -- white kitchen cabinetry, wood-look flooring through the open living and dining areas, a refreshed full bath, and a bright glass front door that pulls in natural light. It's ready to settle into or lease out. Across the lot, a second dwelling (2 bed 2 bath) is already leased month-to-month at $800 a month -- income in your pocket the day you close, with a stable tenant now and ability to raise rents later. The third structure is a true value-add: a cottage ready for your vision, whether you restore it for a third income stream or fold it into a larger plan. Each home is separately metered for electricity -- four meters in all, including one for the well house. Water is flexible too: the cottage is already on public water, and per the seller the other structures can connect as well (currently on well and septic). And with no HOA, you get the privacy and elbow room without the HOA restrictions. Here's the real draw: an income-producing acre today and a blank canvas for tomorrow, all in one place. Imagine collecting rent while you design and build the home you've always wanted, right here on your own land. Bring your vision and your numbers, and come walk the property to see everything it could become. Schedule your private tour today.

Features

  • Amenities: Storage, Trash
  • Bedrooms: 8
  • Baths: 6 full
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Development: 75 - Cross, St.Stephen, Bonneau, Rural Berkeley Cty
  • Year Built: 1983
  • Approx Sq. Feet: 3,573
  • Acreage: 1.09
  • Lot Desc: 1 - 2 Acres, Level
  • Elem. School: Bonner
  • Middle School: Macedonia
  • High School: Timberland
  • MLS#: 26018045
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /prop/26018045/208raelane_bonneau_sc?source=qrflyer
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Listing courtesy of Maven Realty

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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208 Rae Lane, Bonneau, SC, 29431

$175,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $140,000 $140,000 $140,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.512% 5.866%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $838 $873 $1,153
Total Monthly Payment $913 $948 $1,228

* 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.