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Rare opportunity to own a historic Charleston home on an oversized lot in the heart of Wraggborough. Offering two bedrooms, an office space that could easily be used as a 3rd bedroom, two baths, coveted off-street parking, and exceptional outdoor space, this property combines the charm of downtown living with features that are increasingly difficult to find on the peninsula. Historic character shines throughout with hardwood floors, an original fireplace, double piazzas, and authentic Philip Simmons ironwork that perfectly complements the home's timeless Charleston architecture. The expansive lot sets this home apart, providing ample room for outdoor entertaining, future expansion, or simply enjoying a private backyard retreat. Combined with valuable off-street parking, The property offers a level of convenience and flexibility rarely available in Charleston's historic district. Ideally positioned just minutes from the highly anticipated Union Pier redevelopment, this home is located near one of the most transformative projects in Charleston's history. The planned waterfront district is expected to bring new parks, pedestrian-friendly public spaces, waterfront access, dining, retail, and entertainment, further enhancing the area's appeal. Ready for its next chapter, this home offers an incredible opportunity for someone with a vision to restore and personalize a piece of Charleston history. Whether you're looking to create your dream downtown residence or invest in one of the city's most exciting and evolving neighborhoods, the possibilities are truly exceptional.
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Our Executive Mortgage Banker:
Our Insurance Division:
$925,000
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 | $740,000 | $740,000 | $740,000 |
| 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 | 6.239% | 6.086% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,318 | $4,437 | $6,245 |
| Total Monthly Payment | $4,410 | $4,529 | $6,337 |
* 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.