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WATERFRONT!! - The premier peninsula lot on Oak Island boasts a breathtaking 270-degree view of Clark Sound from its cozy Chalet-style home. The 3 bedroom, 2 bath abode is ready for your updates and the construction of a very short dock + boat lift on a tidal creek with direct access to Folly River. Or, build your dream home from the ground up just 1. 5 miles from the most interesting beach town on the east coast - Folly Beach. When you enter the expansive grounds and home you are immediately transported to island living at its best. Secluded at the tip end of Oak Island's leafy cul-de-sac you will enjoy unobstructed sea breezes and the sounds of coastal wildlife. Come live in paradise on Oak Island. where its estuaries and amenities await you!The home features hardwood floors throughout and plantation shutters on all windows. The primary bedroom has grand water views, loads of closet space and sports an ensuite bathroom with walk-in shower and dual sinks. The great room adjoins the kitchen and dining area and spans almost the entire rear of the home overlooking the waterways and marsh vistas. The kitchen boasts stainless steel appliances including a Samsung refrigerator with in-door water/ice dispenser, Kitchenaid dishwasher, LG gas range and Sharp microwave oven. A nearby laundry room with multiple storage cabinetry includes a Maytag washer and dryer which convey with the sale of the property. The sweeping deck off the back of the home is the perfect place for outdoor grilling and relaxing while enjoying the privacy and the spectacular long view across Clark Sound. There is also a one-car garage with an automatic garage door.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,955 | $7,428 | $10,025 |
Total Monthly Payment | $7,080 | $7,553 | $10,150 |
* 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.