Excellent Investment opportunity on N Hwy 25 in Travelers Rest, SC. Located at the corner of N Hwy 25 and Boswell Road, the property is an easy 15-30 minute drive to Travelers Rest, Greenville and Hendersonville, NC downtowns. It's strategic location between Highways 414 and 11 make it convenient to 3 Cliffs Communities' and other popular locations in northern Greenville County. There is over 2, 800 feet frontage on N Hwy 25. The property is a good mix of mature hardwoods and pines with ample frontage on Mush Creek as well as another interior creek. A portion of the property is in the flood plain. Its rolling to sloping topography provides multiple nice home sites. Public water is available and septic is required. No zoning and no restrictions. There is a possibility that the Seller will sell the . 88 +/- acre portion of this property at the signalized corner of Hwy 414 and N Hwy 25 separately. The property is located between 2020 N Hwy 25, Travelers Rest, SC and Boswell Road. Greenville County TMS# 0523020100100. This property offers a great opportunity for immediate development or a long term investment in beautiful, growing northern Greenville County.
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William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $711,600 | $711,600 | $711,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,556 | $4,615 | $6,199 |
Total Monthly Payment | $4,648 | $4,707 | $6,291 |
* 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.