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MOTIVATED SELLER!! WILL GIVE UP TO $2000 IN CLOSING COST ASSISTANCE WITH ACCEPTABLE OFFER! Nestled in the heart of downtown Charleston, 42 Kennedy Street is a beautifully renovated Freedman's Cottage that seamlessly blends historic charm with modern luxury. This stunning residence features 2 spacious bedrooms, 2. 5 elegantly appointed bathrooms, and the rare convenience of off-street parking!Inside, the open-concept living space is bathed in natural light, boasting high ceilings, engineered wood flooring, and premium finishes throughout. The old brick fireplace, adorned with mantles crafted from the old floor joists, adds a touch of historic charm between the kitchen and living room. The gourmet kitchen is a chef's dream, equipped with stainless steel appliances, custom cabinetry, . . . and a kitchen island perfect for entertaining. The luxurious primary suite offers a peaceful retreat with custom built-ins in the closet and an en-suite bathroom featuring a dual sink vanity and large standing shower. The shower is beautifully designed with floor to ceiling tile and enclosed by sophisticated glass doors, enhancing the open and airy ambiance. The second bedroom is generously sized with access to a thoughtfully designed full bathroom, also featuring a dual sink vanity and a shower-tub combo with elegant floor to ceiling tile. Outside, the private side yard provides a serene oasis ideal for alfresco dining, gardening, or simply unwinding for the day. Whether you're looking for a primary residence, a second home, or a lucrative rental property, this home offers incredible versatility. With its prime location and desirable features, this property presents a fantastic investment opportunity for short-term or long-term rentals. Located on a picturesque street, it is just moments from Charleston's finest dining, shopping, and cultural attractions. Don't miss your chance to own this exceptional downtown Charleston gem! **Builder has supplied a Guarantee Letter for all work that was done!**
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Our Executive Mortgage Banker:
Our Insurance Division:
$735,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $588,000 | $588,000 | $588,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.172% | 7.154% | 6.172% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,765 | $3,908 | $4,922 |
Total Monthly Payment | $3,857 | $4,000 | $5,014 |
* 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.