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Located just 15 minutes from downtown Charleston and 10 minutes from the island beaches, this rare live/work condo in the highly desirable Shelmore Village offers an exceptional investment opportunity. A walkable community, Shelmore offers convenient access to numerous restaurants, coffee shops, and more. This unit (#15) offers incredible visibility and accessibility for any business while providing a comfortable and spacious home above. Both the commercial and residential suites feature private entrances for maximum privacy and functionality. On the ground floor (Suite #102), you'll find a versatile commercial space, ideal for retail, office, or service-oriented businesses. Up one flight of stairs (Suite #202) is an upscale two-bedroom, two-and-a-half-bathroom condo with an open-conceptliving area, perfect for both relaxation and entertaining. Thoughtfully designed, this space features crown moldings, granite kitchen countertops, and hardwood flooring throughout the living areas. With the current tenants in place, this is an ideal opportunity for an investor seeking immediate rental income or a savvy buyer looking for a live/work space in one of Mount Pleasant's most desirable locations.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $687,920 | $687,920 | $687,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 6.764% | 6.581% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,292 | $4,405 | $5,945 |
Total Monthly Payment | $4,384 | $4,497 | $6,037 |
* 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.