Welcome to this charming 1930’s home with a quaint guesthouse, offering endless possibilities for multifamily living, work-from-home setups, or investment ventures. Zoned RM-10, there's potential to add units, and rezoning for retail/office use is on the cards. Formerly owned by the Hudson Family, this property has a rich Upstate history. The main house, once a children’s art school, boasts original hardwood floors, arched doorways, and built-in cabinetry. With some TLC, it's poised to be a stunning showcase. The unfinished attic offers additional living or office space. The detached garage, currently a pottery studio, could be converted into an office, man cave, or she shed. The charming guest cottage, rented at $700/month, is perfect for extra income or a relative's home. Conveniently located near Pelham Road, shopping, and dining, with easy access to Downtown Greer and Greenville, this property is an ideal VRBO destination. Please note the fireplace is non-functional, and the property is sold AS IS / WHERE IS. Don't miss out on this unique opportunity to turn your vision into reality!
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William Raveis Real Estate
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VP, Mortgage Banker
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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $417 | $417 | $417 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,160 | $3,160 | $4,109 |
Total Monthly Payment | $3,668 | $3,668 | $4,617 |
* 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.