This is a great opportunity for an urban farm while building your dream home. -11. 3 Acres -Farming/Agriculture -Previous House on property -10+ Truckloads of recycled asphalt on the property. It can be used to pave the roadway around the property. (valued at $10k+) -Outdated Utility Hook-ups in front of the property -Outdated Septic available on property -The light pole is located on the street directly in front of the property entrance -Very private and secluded area -Must use Seller's Closing Attorney. Michael Warren in Boiling Springs, SC -Right off Hwy 292 - 2-3 minutes of driving to Lake Cooley -15-20 minutes to Greenville/Downtown Spartanburg, to BMW & GSP Airport -10 minutes to any major highways, shopping, and dining. -Cleared and leveled (valued at $100k) -Spring is located at the back of the property and can be tapped into -District 5 School- Byrnes High School. *Owner-owned property for 10+ years, Title Free & Clear and in hand for the future owners! *Motivated Sellers are willing to entertain creative financing upon mutual agreement. *Can be subdivided, but the City of Lyman has specified restrictions. ** Please contact the City of Lyman regarding subdividing this property or any other details, as we do not have any further information. *1% Earnest money down required, Minimum.
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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 | $419,920 | $419,920 | $419,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,794 | $2,791 | $3,600 |
Total Monthly Payment | $2,886 | $2,883 | $3,692 |
* 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.