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NEW ROOF MARCH 2025!! Welcome to 3046 Penny Lane, a charming Lowcountry retreat nestled in the serene beauty of Johns Island, SC. This stunning property offers the perfect blend of southern charm and modern convenience, featuring 3 bedrooms and 2 bathrooms spread across a spacious and thoughtfully designed floor plan. As you enter, you'll be greeted by an inviting foyer that flows into a bright and open living space featuring a cozy fireplace - perfect for entertaining or relaxing with family. The gourmet kitchen boasts stainless steel appliances and custom cabinetry, providing the ideal setup for the home chef. The adjacent dining area and large family room offer seamless indoor-outdoor living with access to the expansive back patio, perfect for enjoying the coastal breezes. An adjoining sun room could serve as a light-filled office or playroom. The primary suite is a true sanctuary, complete with a spa-like ensuite bathroom featuring dual vanities, a soaking tub and shower. Two additional bedrooms offer plenty of space for family or guests. Set on a private, landscaped lot, the backyard offers a peaceful retreat with plenty of room for outdoor gatherings, gardening, or simply unwinding under the shade of mature trees. An expansive custom-built deck is perfect for fall tailgating and outdoor grilling. Located just minutes from the beaches of Kiawah Island, Folly Beach and the historic charm of downtown Charleston, 3046 Penny Lane offers the best of Lowcountry living with easy access to shopping, dining, and recreational activities. Don't miss this opportunity to own a slice of paradise on Johns Island! Local Amenities: This home is ideally situated to enjoy the best of Johns Island and nearby areas. Less than one mile away, enjoy golf at historic Charleston Municipal Golf Course. Opened in 1929 and redesigned in 2020 by Troy Miller "The Muni" is ranked by Golf Digest as the 19th best municipal golf course in America. For film buffs, The Terrace Theater is a gem of a retro cinema showing popular & independent films, with concessions that include beer & wine. For dining enthusiasts, you'll find Wild Olive just a short drive away, a local favorite known for its farm-to-table Italian cuisine. Minero's, a Mexican Grill & Cantina is one of the hottest new restaurants according to Eaters Carolina. Looking for casual bites? The Royal Tern serves up fresh seafood and steaks, while Low Tide Brewing provides craft beer in a laid-back atmosphere, perfect for an evening out with friends.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $408,000 | $408,000 | $408,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,579 | $2,680 | $3,415 |
Total Monthly Payment | $2,671 | $2,772 | $3,507 |
* 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.