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Nestled in the heart of the charming town of Dorchester, an extraordinary opportunity awaits at 2604 HWY 78. This historical gem, dating back to the late 1800s, invites you to restore it to its former farmhouse grandeur. Embrace the chance to own a piece of history while securing a sound investment for the future. Sprawling across 1. 7 acres, this property offers a wealth of possibilities to suit your vision. Take advantage of the generous lot size to explore subdivision potential or create an idyllic farmstead with the simple addition of fencing. With the flexibility to shape this property to your desires, the opportunities are endless. Enjoy the perks of a peaceful, rural setting without sacrificing convenience. Located just moments away from the bustling cities of Summerville and Charleston, you'll appreciate easy access to modern amenities, ensuring a balanced lifestyle. Nature enthusiasts will delight in the property's close proximity to the picturesque Edisto River, offering a serene escape and a variety of recreational activities. Ideal for investors and renovation enthusiasts alike, this property is brimming with potential. Prospective buyers are encouraged to verify any pertinent information. Seize the chance to revitalize this historic treasure and watch it flourish.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $147,920 | $147,920 | $147,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $852 | $947 | $1,228 |
Total Monthly Payment | $927 | $1,022 | $1,303 |
* 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.