POTENTIAL FOR DEVELOPMENT, as Starr-Iva Water Co. has confirmed the ability to handle "multiple units", for multiple home sites or development of this property, by tapping into their nearby water line or establish your own private sanctuary of Country Living with close proximity to everything you need. Enjoy Wide-Open Space to roam on this UNRESTRICTED, UNZONED acreage, with MASSIVE ROAD FRONTAGE ON 2 ROADS! There is approx. 2, 465 ft. of road frontage on Smith McGee Rd. (Hwy 181) & approx. 1, 272 ft. of road frontage on Opry House Rd. Add in the CONVENIENT LOCATION--Just 2 miles b/t you & the fish at Lake Russell & less than 6 miles to Lake Hartwell, 11 miles to Wal-Mart, Lowe's, Aldi, for shopping in Anderson, 9 miles to Wal-Mart & Home Depot in Hartwell, GA. Take a 5 mile drive up Hwy 181 for home cooking at The Gray House in Starr. PEACE & TRANQUILITY are easy to discover here. The address says Iva, but the location is closer proximity to Starr, Anderson, Hartwell, GA. Numerous hardwoods, pines, pecan & fruit trees adorn this land, along w/multiple creeks & springs; the largest at the mouth of an old pond, which still exists, but needs work, PLUS a massive BARN, old CORN CRIB, MULTIPLE STORAGE BUILDINGS. The mobile home at 2820 Smith McGee Rd. is not available to tour but will convey with the sale of the entire acreage. There is no title. This home is a 12x60 3 bed/2 bath w/10 ft ceilings in the den, kitchen, dining. Tenant would like the option to remain. The 85. 12 acres has the potential of built-in income, with a total of 7 rental lots in place: 3 vacant lots on Opry House Rd, w/3 septic tanks & 2 wells; 4 lots on Smith McGee Rd. ; 2 of which are vacant. The 4 lots, on Smith McGee Rd. , each have septic tanks w/the 2 vacant lots at the pecan trees sharing a well. This is a grand total of 4 wells; 3 active--the 1 near the pond is inactive, & a total of 7 septic tanks on this 85. 12 acres. Starr-Iva Water comes to the corner of Smith McGee/Opry House Rd. Starr-Iva Water Co. has confirmed the availability of tapping into their water line vs. using the wells on the property. Listing agent was also told they can handle "multiple units", for multiple home sites or development of this property. Public sewer is not available at this time. Electricity is provided by Little River Electric. The 85. 12 acres is currently accessed & taxed as agricultural. Property is zoned for Starr Elementary, Starr-Iva Middle School, Crescent High School--Anderson County School District 3, which is 5th in the state and home to the 2022 SC Superintendent of the Year, Kathy Hipp! **Mobile home is occupied--please allow tenants their privacy. Use 2820 Smith McGee Rd. Iva, SC 29655 for GPS only. PARK @ established driveways on Opry House Rd. or at the entrance to the farm on Smith McGee Rd--1st road past the gray mobile home.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $783,104 | $783,104 | $783,104 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,079 | $5,014 | $6,930 |
Total Monthly Payment | $5,171 | $5,106 | $7,022 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.