Take advantage of this once in a lifetime opportunity to own a marina front comm/res property in the heart of Port Royal SC. Be a part of all that is and all that will become in the town this Cool, Coastal & Far from Ordinary. By building on this unique parcel of land you are insured to be in the midst of it all. Zoned T-5UC allows the new owners to build up to 4 stories tall which leaves an unlimited amount of flexibility to be creative with the space. The hard work has already begun. The foundation with pilings are currently in place, along with finished rear alley access which leads you to your very own 4 car parking area. Current owners have initiated a preliminary mock-up design as to what may become of this foundation. Build off what they started or start over with your own design. It will become an amazing structure to call your own. Parking will not be of a concern for this building as there is ample parking currently in front of the property that will eventually become on-street parking and Paris Ave is within a few steps to ensure that car and foot traffic will always be accommodated for any type of tenant that may occupy the space(s). Whether you make it into a 4 level private residence or a comm/res mixed use structure, you are guaranteed to have the most sought after views in all of Port Royal. From the stunning Sands Beach sunrises in the East, to the breathtaking Port Royal Bluff sunsets to the West, you are sure to experience all the beauty that our Port Royal Sound blesses us with each and every day.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$199,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,999 | $159,999 | $159,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,064 | $1,063 | $1,349 |
Total Monthly Payment | $1,139 | $1,138 | $1,424 |
* 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.