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Welcome to 85 Colleton Drive, a beautifully updated 1940s cottage in the heart of the highly desirable Byrnes Downs neighborhood. Situated on a peaceful, tree-lined street, this charming home offers an unbeatable blend of timeless character and modern updates. As you step inside, you'll be greeted by a bright, inviting atmosphere with original hardwood floors that add warmth and character throughout. The thoughtfully designed layout is both functional and comfortable, featuring stylish tile accents that elevate the home's appeal. With two spacious bedrooms and one full bath, this home effortlessly combines charm with practicality. The exterior of this property is equally impressive, showcasing a rare, updated 568 sq. ft. ADU that offers incredible versatility. Complete with one large bedroom, a full bathroom, a kitchenette and a cozy sitting room, this space is ideal for generating potential rental income, hosting guests, or even creating a private home office or studio. Just minutes from downtown Charleston, this home places you in an ideal location with close proximity to everything you need. You're only a short stroll away from local grocery stores, top-rated restaurants, popular bars and the scenic West Ashley Greenway for outdoor enthusiasts. 85 Colleton Drive offers not just a home, but a lifestyle, in one of Charleston's most walkable neighborhoods. Whether you're looking for a blend of historic charm and modern living or a property with incredible potential, this home offers it all.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $583,200 | $583,200 | $583,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,783 | $3,929 | $5,000 |
Total Monthly Payment | $3,875 | $4,021 | $5,092 |
* 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.