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Own a piece of Summerville history! This home, formerly known as the Pink Dolphin, is an opportunity to be within two blocks of Summerville town square and everything it has to offer as well as a home that can bring in supplemental income. There are two rental opportunities within this home, each with their own separate entrance. The possibilities for this home are endless! This home is zoned Neighborhood Mixed-Use which allows residentially scaled professional services, offices, small shops, limited lodging and restaurants. The current owners have done a lot of work to the home including, all new plumbing throughout, main kitchen renovation, tons of landscaping, painting, etc. . The home has heart of pine flooring, large windows, eight fireplaces, tons of historic touches that you wouldexpect of a home built in 1881. Off the kitchen, with its own exterior entrance, is an Airbnb rental that is consistently rented. It has its own small porch to sit and relax on, bedroom with kitchenette and full bathroom. The remainder of the first floor consists of the dining room, living room with built in shelving and the primary bedroom with its own full bath. Head upstairs and there are three more bedrooms, one that can also be a primary and the large rental that has an entrance from the side porch, a full kitchen, full bathroom, living area and bedroom. Up the second floor stairs is the access to the cupola. During the time this house was built, this cupola was more than likely used for ventilation. The location of this house is phenomenal. Walk down the street away from town and you are on the sawmill branch trail, which is heavily used by walkers, runners and bicyclists. This trail will take you right to the local grocery store. Walk a short two blocks in to town and have access to several amazing restaurants, the Ice House, Laura's, Sweetwater cafe, Bexley, Accent on Wine, Wine and Tapas, the Frothy Beard. Tons of shopping in walking distance as well, from clothing and shoes to home decor. Then within a two mile drive, you have tons of more stores and restaurants right at your fingertips! This home is a great opportunity for you to start your own business. It's also located within the Dorchester District 2 school district!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,176,000 | $1,176,000 | $1,176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.898% | 6.739% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,241 | $7,530 | $10,164 |
Total Monthly Payment | $7,366 | $7,655 | $10,289 |
* 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.