Nestled on a private cul-de-sac, this custom-built gem sits on one of the largest lots on the island, offering both space & seclusion. With 4 spacious bedrooms & 4 full baths, this home is perfect for hosting family & friends or tapping into the short-term rental market. The layout is thoughtfully designed with 2 en-suite bedrooms downstairs & an open kitchen, dining & living area that flows seamlessly out to a screened in porch & open deck. Upstairs, you'll find an additional living area with 2 more bedrooms & 2 full baths, providing ample space for everyone. The large garage is accessible via inside stairs & offers plenty of storage, a lock-out area that could be converted to a game room & even an outside shower for convenience. This home truly combines comfort with functionality. The drone photos clearly show the unique seclusion of this property. After spending the day with hundreds of your closest friends on the beautiful Fripp Island beach, you or your guests can retreat to complete privacy. Entering from the front porch you will be welcomed into a wide foyer and hall that hints at the spaciousness that awaits. Along the way to the generous living spaces you'll delight in the luxury vinyl plank flooring that was recently installed throughout the main level. Dine inside or step out to the screened in porch and enjoy your meal amidst the sights and sounds of the abundant foliage and wildlife surrounding you. Members of your party want to watch different shows? No problem here with two living rooms on two different levels and TV's in every room! With 4 bedrooms and 4 bathrooms, you can imagine how attractive this property is for short term rentals. This is a great value and a great way to own on Fripp. This turnkey home comes fully furnished with 2 golf carts. There is a nice appliance package as well, to include all kitchen appliances, a washer/dryer & a second full refrigerator in the garage.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $876,000 | $876,000 | $876,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $860 | $860 | $860 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,682 | $5,609 | $7,752 |
Total Monthly Payment | $6,667 | $6,594 | $8,737 |
* 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.