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Own a newer construction duplex in North Central, one of Charleston's fastest-growing downtown neighborhoods. Located on a quiet side street just one block from Hampton Park and only two blocks from Upper King Street, the property offers an exceptional combination of walkability, convenience, and value that is increasingly difficult to find downtown. Unlike many older downtown duplexes, 5 Strawberry Lane was built with long-term ownership in mind. Elevated construction, durable Hardie Plank siding, architectural shingle roofing, updated plumbing and electrical systems, a newer HVAC system (2024), recently replaced appliances, and a beautifully renovated bathroom (2025) all contribute to lower anticipated maintenance costs compared to many historic properties in the area. Buyers can enjoythe character and location of downtown Charleston without inheriting many of the ongoing maintenance concerns often associated with older homes. One of the property's most unique advantages is its parking. While many downtown duplexes offer only stacked or limited off-street parking, Strawberry Lane provides generous, easily maneuverable parking behind the home for each unit--a feature that is increasingly valuable for both owners and tenants. Charleston's largest park Hampton Park is just across the street, offering miles of walking trails, green space, and recreation. Upper King Street's award-winning restaurants, nightlife, and shopping are just a short walk away, while the rapidly transforming Huger Street corridor continues to add some of the city's most popular destinations, including Berkeley's, Huriyali, Renzo, and other neighborhood favorites. Positioned on the east side of Rutledge Avenue, the property also offers an attractive value proposition. Buyers enjoy immediate access to Hampton Park, Upper King Street, and the surrounding amenities while benefiting from a more attainable price point than comparable properties in neighboring Hampton Park
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$1,200,000
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 | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,679 | $5,833 | $8,101 |
| Total Monthly Payment | $5,804 | $5,958 | $8,226 |
* 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.