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Step into timeless coastal charm with this fully restored vintage surf cottage in the heart of Folly Beach, ideally located in the X flood zone for added peace of mind. Nestled on a desirable street-to-street lot, this enchanting property combines classic beach appeal with modern upgrades, offering private, spacious outdoor areas perfect for both relaxation and entertainment. Inside, the main home features three generous bedrooms and two stylishly updated bathrooms, along with an open-concept kitchen, living, and dining area--ideal for gatherings with friends and family. The kitchen boasts an extra-large pantry that's a chef's dream, while dual walk-in closets provide ample storage. Enjoy the coastal breeze on either of the two expansive screened-in porches, or unwind in your private outdoor space, pre-wired for a hot tub to add a touch of luxury to your beachside retreat. In addition, a charming connected mother-in-law suite offers a private bedroom, bathroom, and open living area, complete with its own screened-in porch and outdoor shower. This suite is ideal for guests, extended family, or as a peaceful, personal retreat within the property. The spacious backyard is an entertainer's paradise, offering endless possibilities for activities, from bocce and cornhole to barbecues and even a mini putt-putt course. After a day in the sun, rinse off in the outdoor shower, and store your essentials in the two large outdoor sheds. Meticulously renovated in 2020, this cottage has been updated with new electrical, plumbing, and impact glass windows, along with a fully reconfigured kitchen that features Charleston-inspired tile, a raised ceiling in the coffee nook, and hardwood flooring throughout. Additional updates include a tankless water heater, a new HVAC system, and a 10-foot privacy fence with custom gates surrounding the entire yard, enhancing both security and seclusion. Don't miss your chance to own a piece of Folly Beach historythis one-of-a-kind cottage with a connected mother-in-law suite is ready for you!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,500,000 | $1,500,000 | $1,500,000 |
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 | $8,993 | $9,605 | $12,964 |
Total Monthly Payment | $9,118 | $9,730 | $13,089 |
* 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.