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Presented by
Bonnie Filiault |
1126 Ocean Boulevard, #116, Isle of Palms, SC, 29451 | $339,000
Income Generating 1BD Hotel Room in Paradise (1 of 3 for sale by this owner), Ideally Located along the Main Drag of Isle of Palms and is one of only two Hotels on the IOP Main Road! This Unit is a Perfect Low-Maintenance & Affordable Beach Getaway with access to the beach ***Just 15 Minutes to the Middle of Bustling Mount Pleasant & 30 Minutes to Historic Downtown Charleston!*** This Unit is Complete with Dual Queen-Size Beds, Coffee Bar, Television and Full Bathroom! Surrounded by the Conveniences of Popular Shopping, Dining & Music & Entertainment on the Coast and less than a 3 min walk to the Isle of Palms County Park** The Palms Hotel is a Fully Staffed and Fully Functioning Hotel and provides Vacationers and Owners an on-site swimming pool, Continental Breakfast, and Parking ** Reservations, Maintenance and all hotel operations are Managed by the Hotel Staff! ** The Seller is also Listing Units 109 & 203 in the Hotel and may sell them together.
Features
- Parking: Attached, Off Street
- Heating: Forced Air
- Cooling: Central Air
- Amenities: Elevators, Pool, Security, Trash, Walk/Jog Trails
- Bedrooms: 1
- Baths: 1 full
- Complex: The Palms Hotel
- Development: 44 - Isle of Palms
- Year Built: 2000
- Approx Sq. Feet: 325
- Lot Desc: .5 - 1 Acre
- Water Front: Yes
- Elem. School: Sullivans Island
- Middle School: Moultrie
- High School: Wando
- Pool: Above Ground
- MLS#: 25003819
- Days on Market: 84 days
- Website: https://www.raveis.com
/prop/25003819/1126oceanboulevard_isleofpalms_sc?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Bonnie FiliaultLuxury Properties Specialist
508.662.2324
Bonnie.Filiault@Raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1126 Ocean Boulevard, #116, Isle of Palms, SC, 29451
$339,000
Bonnie Filiault
Luxury Properties Specialist
William Raveis Real Estate
Phone: 508.662.2324
Bonnie.Filiault@Raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $271,200 | $271,200 | $271,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,692 | $1,782 | $2,270 |
| Total Monthly Payment | $1,767 | $1,857 | $2,345 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484