The Beach Cottage facing the Atlantic Ocean is planned for 5 beds /5 baths with approximately 2,350 sq ft and will be renovated by the Seller prior to closing. Purchasers may have the opportunity to select interior finishes. Melrose is planned to undergo enhancements by its new ownership along with the world-renowned Six Senses brand. This presents an opportunity to purchase prior to the potential development enhancements. Daufuskie Island, accessible only by boat, features unmatched natural beauty and charm. Cottage exterior and interior plans are subject to change. $500,000 budgeted for renovations.
Type:
Single-family residential
Furnished Remarks:
Unfurnished
Subdivision:
THE BEACH COTTAGES AT MELROSE
Community:
Daufuskie Island
Lot Description:
1/4 to 1/2 Acre Lot,Waterfront
View Description:
Ocean,Sound
Amenities:
Beach Rights, Beach Access, Barbecue, Restaurant
108 Avenue of Oaks, Daufuskie Island, SC, 29915
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
