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Located in Charleston's Cannonborough neighborhood, 1 Percy Street is a fully restored multi-family residence combining historic character with modern updates. Originally built in the 1880s, the home underwent a full renovation in 2020, including new electrical wiring, plumbing systems, HVAC with updated ductwork, and a natural gas line. The exterior features a copper roof, copper gutters, and a freshly painted facade. Inside, all windows and doors were repaired or replaced, and new insulation and drywall were installed. This three-story property offers flexible living arrangements, making it ideal for a primary residence with rental income or as a full investment. (see more)The first-floor unit is a two-bedroom, two-and-a-half-bath space with an open floor plan, a chef's kitchen with custom cabinetry, an original exposed brick fireplace, and a sunlit dining area. The primary suite includes an en-suite bath and walk-in closet, with a mudroom and half bath completing the layout. The second-floor unit has a private entrance, three bedrooms, two bathrooms, two living spaces, a dedicated laundry area, and access to a large piazza. The third-floor unit is a one-bedroom, one-bath apartment with an efficiency kitchen, sitting area, and shared laundry access. Vaulted ceilings and ample natural light create an open, inviting feel. Situated just minutes from King Street's dining and nightlife, the home is near popular spots like Vern's Wine Bar, Chubby Fish, Xiao Bao Biscuit, and The Darling Oyster Bar. The property includes two off-street parking spaces and sits in a high-elevation area where flood insurance is not required. With strong income potential, all three units operate as 30-day corporate rentals, generating a total of $11, 350 per month. The home's prime location, modern systems, and well-preserved historic charm make 1 Percy Street a rare opportunity in Charleston's competitive market.
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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 | $1,500,000 | $1,500,000 | $1,500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,114 | $9,481 | $12,964 |
Total Monthly Payment | $9,239 | $9,606 | $13,089 |
* 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.