1516 Birthright St, Charleston, SC 29407
5 beds · 3 baths · sqft sqft
Seller now offering $5000 Buyer Credit with acceptable offer. Welcome to 1516 Birthright St, an exceptional residence located in the highly sought-after Ashley Hall Manor neighborhood of Charleston, SC. This 5-bedroom, 3-bathroom home spans 2,540 square feet and is one of the largest in the area, offering unparalleled comfort and versatility. Recently updated with over $100,000 worth of upgrades, this home combines modern luxury with classic charm.Recent enhancements include a brand-new roof and an encapsulated crawlspace, both installed in 2024, alongside fresh interior and exterior paint, new gutters in 2024 and new HVAC Unit installed in 2020. The home's elegant charm is further highlighted by original 3/4'' hardwood floors and crown molding in the main areas,complemented by stone tile in the kitchen, master bath, and hall bath. The original part of the home features an inviting family room, with cozy wood-burning fireplace to add to the home's inviting atmosphere. Also notice, a separate dining room, kitchen. three bedrooms, including one with an ensuite bathroom, and remodeled hall bath. The addition to the home includes a spacious media room, a guest room, and a luxurious master suite. The master suite boasts a spa-like en suite bath complete with a garden tub, a separate shower, and a brand-new vanity, creating a serene retreat within your home. The heart of the home is the kitchen, remodeled in 2018 as part of an open floor plan renovation, featuring stainless steel appliances, granite countertops, a gas stove and oven, and soft-close cabinetry. The updated bonus room off of the kitchen boasts new luxury vinyl plank flooring, fresh paint, and new doors. Additional modern amenities include a Rinnai tankless hot water heater installed in 2018, several new ceiling fans, a wired sound system and intercom throughout the home. Another highlight of the property is the huge shed/workshop in the backyard, complete with electricity, perfect for hobbies, storage, or a personal workspace. The backyard also features privacy fencing and a wood pile with a fire pit, ideal for family campfires and outdoor gatherings. Located just 5 minutes from the vibrant Avondale area, 10 minutes from downtown Charleston, 15 minutes from Charleston International Airport, and 20-25 minutes from the beautiful Charleston Area Beaches, this home offers both convenience and a prime location. Don't miss the opportunity to own this remarkable property with extensive upgrades and exceptional features. SELLER IS MOTIVATED, schedule your viewing today!
Source: CTAR #24028808
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24028808
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #24028808
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