Charming cottage with lakefront views nestled in the highly desirable gated community of Backwater Landing. This particular cottage enjoys a convenient proximity to its parking spot, a larger yard than others, and recently repainted exterior. It also has a built-in gate on the porch railing for a wheelchair ramp if desired. Enjoy breathtaking water views from the comfort of your own private oasis. This 2-bed, 2-bath home overlooks, and is only steps away, from the pristine waters of Lake Keowee. Featuring an open layout and expansive windows, it's an ideal spot to unwind, host gatherings, and immerse yourself in the natural surroundings. Community amenities include a lakefront lodge, fitness center, lakeside swimming pool, lakeside walking path, private boat docks, beach area, boat launch, and more! Benefits of the regime fee and land lease include community amenities, gated access private to public, lawn and landscaping maintenance, and notably minimal taxes. Don't miss this unique opportunity to embrace South Carolina lakeside lifestyle living at a fraction of the cost. **Owner is relocating and motivated to sell.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $252,000 | $252,000 | $252,000 |
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 | $36 | $36 | $36 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,531 | $1,531 | $1,991 |
Total Monthly Payment | $1,642 | $1,642 | $2,102 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.