Zoned Commercial Fishing Village Overlay District T2RN - This is a RARE opportunity! 239 lineal feet of waterfront on the Intercoastal waterway. This property is the crown jewel as a meaningful move in, as a masterful renovation or a tear down taking advantage of some of the most beautiful water in South Carolina. Currently a single parcel of 1. 21 acres with grove of citrus trees on the adjacent lot; subdivision within the overlay district not just for a residential retreat but also for a fishing commercial enterprise is possible. This special retreat has been lovingly cared for by the same family for over 40 years. The beauty of this property includes the simple elegance of the turn key single story home with the panoramic views from practically every window! The 3 bedroom, 2 1/2 bath home with good bones and updated systems was built 1989. The livingroom and large open concept kitchen/ greatroom are waterfront. A large private suite is waterfront on one side of the house and 2 guest rooms on the other side with one being waterfront. There is a mud room with washer and dryer. New roof 2018, new HVAC and ductwork 2020, new main house water heater in 2020. The double oven, dishwasher, and refrigerator were replaced, 2018-2021. There is an attached 1 car garage and a detached 2 car garage on the property. The interior was painted April 2024. The cypress exterior was washed and treated in April 2024 and will continue to patina. The septic tank was pumped and drain field replaced in 2020. This property is not your everyday all the same manicured neighborhood. This gorgeous setting has a Hollywood story as several scenes from Forest Gump were filmed in and around this location on the water. The Sam's Point boat launch is a short distance from the front of the home. Come take a look - the possibilities are endless. This material is based upon information, which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. Buyers closing attorney to hold earnest money.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,116,000 | $1,116,000 | $1,116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,054 | $7,146 | $9,722 |
Total Monthly Payment | $7,179 | $7,271 | $9,847 |
* 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.