The asking price of this home is $284,795; at this sales price the ACTUAL MORTGAGE for qualified buyer will be approximately $185,250. Sales price includes: 1) subsidy from the City of $75,844 (transfers with the property) and 2) subsidy from the Lowcountry Housing Authority of $23,700 (dissolves after 20 years, dissolution of 1/15 the amount of subsidy begins in 2013 and is complete in 2028). Beautiful Charleston single, new construction (2008) nestled in a quiet private court in the heart of the City. Home is located less than mile from MUSC, Dental School, Charleston School of Law, and College of Charleston. The neighborhood is near the intersection of Rutledge and Bogard Streets and features private, off-street parking, picnic and grill community lot, and is walking distance to a community garden and growing, hip restaurant and bar scene that includes Fuel, Hominy Grill, and Trattoria Luca. Lowcountry inspired new construction of the 3 BR/2 BA includes front lounging tin roof porch, spacious MBR, stainless steel appliances, and ceiling fan. Home is part of the City of Charlestons Homeowner Initiative to create a community of homeowners in the up and coming Cannonborough-Elliotborough neighborhood. To qualify, the buyer must be 1) first time home buyer, 3 years since owning a home, or lost home from a divorce; and 2) income qualified at 120% of AMI. For a family of four, you must make less than $75,600. For family of one: <$52,950; for family of two: <$60,500; for family of three: <$68,500.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
