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Let's get right to the point: there aren't many homes like this one. First up, the location; Elliott Street; largely considered one of the most beautiful, peaceful and central locations in the City of Beaufort. Don't take my word for it; ask any realtor in town. Next: the landscaping on this property is extraordinary; no, exquisite. Check the photos and/or drive by and see for yourself. And most importantly, the home itself is the kind you dream about. Currently being used as a Short-Term Rental, this beauty didn't earn a 4. 98 rating over 6 years for nothing. It has an incredibly functional floor plan with 2 separate living spaces, an over-sized back deck overlooking the garden, a beautiful owner's suite and much more. Not only does it come fully furnished, but the current owners are willing to give you the whole kit and kaboodle, including the LLC and the ratings. Additionally, they will assist with the coordination of getting the STR license transferred to you if desired. If you just want this home as a private residence, then come see what it feels like to be pampered every single day. Original hardwood floors, stainless appliances, gas furnace, water heater, and stove, as well as bright sunny spaces throughout combine for a calming effect. Only a stone's throw from the beautiful Spanish Moss bike/walking trail and the Technical College of the Lowcountry, you can also walk to the historic downtown in a matter of 15-20 minutes. And icing on the cake? Well, no HOA, no requirement for flood insurance and all the privacy you could ever want.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $512 | $512 | $512 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,781 | $2,890 | $3,683 |
Total Monthly Payment | $3,385 | $3,494 | $4,287 |
* 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.