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Growing up, your momma never let you start dinner with dessert, but just like Coach Klein told Bobby Boucher, ''What momma don't know, won't hurt her. . . '' So today, you my friend, will start with dessert, with the grand finale, the piece de resistance and at 227 Lipman St that is in the back yard. Some may call it a Man Cave or a She Shed or even a Hobbit House for your mother-in-law ;) but what I call it is 300 square feet of possibilities! This insulated and drywalled ''out building'' (understatement of the year) is equipped with: its own HVAC unit, multiple windows for warm natural light and ceiling lights to keep it bright in the evening, numerous outlets spread throughout the building and even a small, covered patio that looks out at the picturesque woods behind the property. At thispoint, many of you probably don't need any more convincing of how amazing this home is, but wait, there's more. This [4] Bedroom [2] Full Bathroom house is a treasure trove of awesomeness. From the brand-new flooring throughout the entire house, to the updated kitchen with newer appliances and updated hardware, the new lighting, the huge built-in bookshelves in the living room, the fresh paint throughout (including the garage), all capped off by the alluring sunroom. And that is just the inside! Outside you have a large deck covered by a massive gazebo (that has a built-in fan) overlooking a wooded wonderland, updated landscaping, a paver walkway from the backyard to the front, and screen covered gutters #NoLeafClogs wrap the home like a headband on Lebron James. And last, but not least, you are minutes from the Sawmill Branch Trail, captivating downtown Summerville and you are zoned for Dorchester II schools. In a time when buyers have a plethora of options, I am reminded of how Coach Klein ended his conversation with Bobby Boucher, ". . . and I trust you'll make the right decision!" and call 227 Lipman home!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $303,999 | $303,999 | $303,999 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,921 | $1,997 | $2,545 |
Total Monthly Payment | $1,996 | $2,072 | $2,620 |
* 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.