5242 E Dolphin St North Charleston, SC 29405
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About this home
Enjoy the timeless elegance of double porches (piazzas) and relax in the beautiful Park Circle neighborhood of Oak Terrace Preserve! This home boasts the rare occurrence of a 2-car garage PLUS a 2+ car parking pad! Inside, you will find an updated kitchen with gorgeous granite countertops, painted cabinets, and a 5-burner natural gas range! Attractive laminate flooring is found throughout the 1st floor, with carpet upstairs. 9 ft ceilings are found throughout the first floor with plenty of windows to make this a bright and inviting space. In addition to an open concept eat-in kitchen and den, there is also a formal dining room AND office downstairs, along with a spacious laundry room. Upstairs, you will find the primary bedroom with a tranquil primary bath with dual vanity with quartz2 additional guest bedrooms share a spacious guest bathroom. You will love the 2nd story porch to enjoy bird watching and the sounds of nature while enjoying the pond view across the street. Outside in the backyard, there is a covered porch and an open deck, making it the perfect space to entertain or relax and enjoy some backyard recreation! There is a dedicated natural gas line already established to connect your gas grill! The detached, 2-car garage is out back, along with a parking pad for 2+ cars, a coveted find in Oak Terrace Preserve! Oak Terrace Preserve community, located within Park Circle, was developed with an "eco friendly" focus, using sustainable and permeable materials for the walkways, native plantings/ landscaping to aid in erosion and drainage, and numerous pocket parks and green spaces to preserve the natural setting. 5242 E. Dolphin Street is only 6.1 miles from Charleston International Airport, only 11 miles from downtown Charleston, and on 16 miles from Sullivan's Island Beaches! Make 5242 E. Dolphin Street your next home in Oak Terrace Preserve!
Source: CTAR #25016600
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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