604 Pinckney St Beaufort, SC 29902
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About this home
The Edward Means House, circa 1857 is steeped in history and southern charm. Perfectly located on nearly an acre in downtown Beaufort's historic Point neighborhood, 604 Pinckney is a remarkable legacy property. Built in the antebellum era, the property served as Union Hospital #2 during the Civil War and stands as a testament to the city's rich past. Surrounded by live oaks, mature landscaping and a pierced brick fence, the imposing home overlooks The Green, a park and focal point of the neighborhood. This estate is one of Beaufort's finest homes. A shaded semi-circular porch leads to the front entrance hall and opens to a beautiful floating staircase.The Edward Means House, circa 1857 is steeped in history and Grand in every respect, the 5,758 sqft home is defined by spacious reception rooms that open onto south facing double porches. Designed with the Lowcountry climate in mind, the large porches serve as outdoor rooms that welcome cooling breezes in the summer, warm sunlight in the winter, and the perfect spot to relax year-round. The main floor is comprised of a dual living rooms, and a dining room. The entrance hall, itself a large room, runs along the north side of the home, leading to a breakfast room and a kitchen overlooking the rear yard. Each of the stately primary rooms feature a marble mantle and fireplace. A powder room and a foyer complete the main floor. The second floor includes four bedrooms, each with large windows and the same fine details found on the first floor. There are three baths and multiple fireplaces. Other notable features include exquisite woodwork, original heart pine floors, 12 1/2 foot ceilings and elegant marble mantels. Located in the heart of downtown Beaufort, this home is only blocks away from Beaufort's Waterfront Park, charming shops, and fine dining all while being surrounded by similar beautiful historic properties. 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.
Source: CTAR #25021384
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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.
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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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