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Charming Downtown Charleston Home with Detached Guest Suite - Income Potential & Prime Location! This beautifully updated historic home is just three blocks from King Street, in one of Charleston's fastest-growing and most exciting neighborhoods. The main home features original hardwood floors, updated electrical and plumbing (2014), a shaded front porch, private courtyard, and rare off-street parking. Inside, the kitchen and bathrooms have been thoughtfully updated to blend modern comfort with classic charm offering stylish finishes, upgraded fixtures, and functional layouts that enhance everyday living. A fully renovated detached guest suite (with private entrance and parking) is currently generating $1, 500+/month in short-term rental income. It's the ideal setup for Airbnb or VRBO andffers immediate cash flow for buyers looking to invest. Surrounded by some of the city's highest-rated restaurants, cafes, and nightlife (all within 2-3 blocks) this location is already buzzing with energy and poised for even more growth. Just 0. 09 miles away, the highly anticipated Union Pier redevelopment is underway. This transformative project, already under contract with a developer, will bring a world-class public park, new retail, waterfront access, and cultural attractions. The main park entrance will be directly behind Harris Teeter (just steps from this home) and is set to dramatically enhance the area's value and lifestyle. You're also minutes from the upcoming Lowcountry Lowline, a 1. 7-mile urban trail and greenspace corridor, and within two blocks of three parks. The nearby waterfront, future riverwalk and redeveloped docks promise even more connectivity, beauty, and activity. This is more than just a charming Charleston home; it's a smart opportunity in a flourishing area with major upside. Whether you're looking for a primary residence with character, a second home, or a high-performing investment, now is the time to buy into one of Charleston's most exciting neighborhoods. Additional information on the homes improvements: Roof repaired in 2023 Plumbing replaced 23/24 in all bathroom sinks, faucets, toilets and stone counter tops vanity added Rinnai Tankless Water Heater All electrical updated in 2022 Kitchen faucet Kingston brass 2024 Under Mount stainless sink 2024 All new appliances in 2023/2024 including washer and dryer All door hardware throughout entire home was replaced 2023/2024 All light fixtures in entire home replaced 2023/24 Entire house was painted inside and out 23/24 all new fencing 23 Insulation replaced under house 2024
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$1,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.865% | 6.792% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,418 | $5,708 | $7,726 |
Total Monthly Payment | $5,543 | $5,833 | $7,851 |
* 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.