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Are you looking for a newer home on the historic Charleston peninsula? 58 Dereef Court is situated in the pocket neighborhood of Morris Square, a newer development located within the Elliotborough/Cannonborough area on the Charleston peninsula. With a style reminiscent of a Charleston single, this 2014-built, 3-bedroom, 2. 5-bathroom home offers 3 levels of stylish, functional, and low-maintenance living--perfect for homeowners seeking ease and convenience. The home also includes the added bonus of a private 2-car parking pad alongside it. The front door welcomes you into a spacious, open-concept living area, seamlessly blending the living room and kitchen, creating an inviting space for entertaining and everyday living. The living room features large windows, recessed lighting, and a ceiling fan. The kitchen boasts granite countertops with a long, functional island, large pendant lighting, a tile backsplash, soft-close cabinetry, recessed lighting, and stainless steel appliances, including the refrigerator. A generous pantry and utility closet are located behind the kitchen. A half-bathroom is conveniently located off the kitchen and living room. On the second floor, you'll find two bedrooms, a full bathroom, a utility closet, and a laundry closet that includes a stacked laundry unit. The bedrooms feature large windows, recessed lighting, and a ceiling fan. The bathroom includes a granite-topped vanity and a shower/bathtub combination. The third floor is designed as the primary suite, featuring a vaulted ceiling, recessed lighting, a ceiling fan, a walk-in closet, and a utility closet. The en-suite bathroom offers a dual-sink vanity with a granite countertop and a spacious walk-in shower. Living in Morris Square places you in close proximity to three beautiful parks: Shiloh Park, Dereef Park, and Simonton Parkgiving you green spaces to enjoy outdoor activities. The overall location makes this home a fantastic opportunity for students, medical professionals, investors, or anyone looking to be close to the Medical University of South Carolina, the VA Hospital, or the College of Charleston. From here, you can easily experience all that the historic Charleston peninsula has to offer, from its rich history to its popular downtown, while enjoying the serenity of a tucked-away neighborhood. RENT POTENTIAL: This home has a prior history as a student rental. In 2023, rents were $1, 200/month each for the second floor bedrooms, and $1, 400/month for the third floor suite. Current rents would likely be higher.
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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 | $702,400 | $702,400 | $702,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,268 | $4,498 | $6,070 |
Total Monthly Payment | $4,360 | $4,590 | $6,162 |
* 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.