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This ranch home is situated on nearly half an acre in a well-established Johns Island neighborhood. It's a fantastic opportunity for anyone looking to put their personal touch on a property. The home needs updates, but it's priced to reflect that, giving you the chance to truly make it your own. One of the standout features is the spacious, detached two-car garage/workshop--perfect for projects, storage, or hobbies. Plus, with no HOA restrictions, you have the freedom to park your boat or RV right at home! Recent updates include a roof replacement in 2020 on both the home and the garage, as well as a new septic field that was completed last year, including new tank access. Also, the property is in an X flood zone, which means flood insurance is not required. Please note that this is an As-Is sale, and the seller will not be making any repairs. However, the price reflects this condition. Don't miss out on this opportunity! Located just minutes from dining, shopping, and entertainment, this home is also a short drive to the beach and less than 10 miles from downtown Charleston.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $348,000 | $348,000 | $348,000 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,200 | $2,286 | $2,913 |
Total Monthly Payment | $2,275 | $2,361 | $2,988 |
* 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.