ALL OF THE LEVIED SPECIAL ASSESSMENTS FOR THE BUILDING IMPROVEMENTS HAVE ALREADY BEEN PAID BY THE CURRENT OWNERS, MAKING THIS A TRULY TURN-KEY INVESTMENT WITH NO ADDITIONAL FINANCIAL BURDENS FOR THE NEW OWNER.
This inviting 2-bedroom, 2-bathroom first-floor Fripp Island condo is located directly across the street from the Beach Club, offering unparalleled access to the best of island life, including a pristine beach, pool, restaurants, fitness center, and tennis and pickleball courts.
Enjoy spectacular marsh and water views as soon as you step through the door. The views continue in the open-concept kitchen, living, and dining areas, as well as in the primary bedroom, which is located at the back of the unit for added privacy. The unit's well-thought-out layout is ideal for entertaining or simply unwinding while taking in the beautiful Lowcountry scenery.
Fully furnished in a sophisticated Tommy Bahama style, this 940 sq. ft. condo is perfect for those seeking an easy vacation retreat or a turnkey investment property.
Recent updates ensure peace of mind and a fresh aesthetic, including a renovation of the building's exteriorstucco has been replaced with durable Hardy Plank siding, enhancing the building's appearance and longevity. The screened-in porch has been updated with new composite flooring and hurricane-grade sliding glass doors for added safety and convenience. As an added bonus, the current owner has installed a tankless hot water heater and new carpet in the primary bedroom. 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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$395,000
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 | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,102 | $2,156 | $2,731 |
Total Monthly Payment | $2,177 | $2,231 | $2,806 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.