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***Ask about the possibility of receiving 1% reduction in interest rate and free refi. ***Welcome to Wadmalaw Island, where an exceptional real estate opportunity awaits! This stunning 1. 42-acre lot is situated on the marsh, offering breathtaking views of the renowned Bohicket Creek. Conveniently located near the Rockville Yacht Club, this property grants you easy access to a vibrant boating community. Picture yourself embarking on exciting maritime adventures, exploring the waterways, and creating unforgettable memories on the open seas. The proximity to the Charleston Tea Plantation adds an extra touch of charm to the area, allowing you to immerse yourself in the rich history and delightful aromas of the region's oldest working tea plantation. For those with a passion for water sports, the public boat launch is just a stone's throw away. Whether you enjoy fishing, kayaking, or simply cruising along the creek, this location offers limitless possibilities for outdoor enthusiasts. The practicality of this lot extends beyond its picturesque setting. Imagine waking up to the gentle sounds of nature, sipping your morning coffee while taking in the panoramic views of the marsh and Bohicket Creek. This area is the real South Carolina LowCountry. Nearby Rockville is at the southern end of Wadmalaw Island where the character of the South can be found. This old maritime village was settled in the late 1600's. Antebellum homes and the chapel with Tiffany stained glass windows can be found. Envision designing and building your dream home on this generous parcel, where every day feels like a retreat in the heart of the Lowcountry. *Electricity is readily available. Underground wiring has been installed on this lot. **Homeowners are responsible for their own wells and septic on Wadmalaw Island.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 7.166% | 6.268% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,793 | $1,861 | $2,361 |
Total Monthly Payment | $1,868 | $1,936 | $2,436 |
* 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.