This real estate description provides potential buyers with detailed information not only about the properties itself, but of the surrounding area as well. The potential for the 5 joined properties, totaling approximately 3. 7 acres, is underlined with the mention of its capacity for possible new housing such as houses or townhomes, making this listing appealing to developers or investors. Additionally, the fact that 90% of the properties is buildable adds value. All public utilities are available and the possible addition of a city or private road could increase the lot's density, increasing the number of residences that can be built. Convenience is another key advantage highlighted. The properties proximity to downtown Spartanburg, amenities such as restaurants, nightlife, pharmacies, and grocery stores, as well as the new baseball stadium, make this a desirable location from a lifestyle perspective. The properties location near the Downtown Airport, without the downside of jet noise, could appeal to potential buyers looking for easy access to travel accommodations. Moreover, for those with families or individuals considering starting one in the future, the reference to Spartanburg District 6 schools' strong academics and successful sports programs may be an attractive feature. Access to major highways and downtown areas, alongside the location in a popular and well-established city area, could likely appeal to a variety of potential buyers. Overall, the detailed features, and potential value is best for development. The parcel IDs are 6-21-11-123. 00, 6-21-11-124. 006-21-11-125. 00, 6-21-11-126. 00 and 6-21-12-008. 00 and is located near Hatcher Gardens in Spartanburg, which is off Hwy 296 (John B White Sr Blvd) about 2. 5 miles from Spartanburg city center.
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,064 | $1,063 | $1,349 |
Total Monthly Payment | $1,139 | $1,138 | $1,424 |
* 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.