Investor’s Dream or Sweat Equity Opportunity – 129 Colonial Drive, Chesnee, SC 29323 Ready to roll up your sleeves and create something truly special? Welcome to 129 Colonial Drive, a solid 3-bedroom, 1. 5-bath brick ranch sitting on just under half an acre in the heart of Chesnee. This home is being sold as-is and offers the perfect chance for investors or anyone looking to build equity through a little TLC! Step inside to find hardwood floors throughout most of the main floor, adding timeless charm and value. Plus, there’s a versatile rec room waiting to be transformed into whatever your imagination dreams up. With a bit of work, this house could be a gem in the making! Outside, you’ve got plenty of space to play with on this generously-sized lot. Whether you’re envisioning a garden, play area, or outdoor entertainment space, the possibilities are endless. Important Note: This property will require cash, conventional, or rehab loan – perfect for those who are ready to invest in its potential. With some upgrades and elbow grease, this could easily become a fantastic starter home, rental property, or profitable flip. Priced to sell, this is an incredible value in a market where opportunities like this are rare. Don’t miss your chance to bring your vision to life and score big with this property!
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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 | $119,599 | $119,599 | $119,599 |
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 | $41 | $41 | $41 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $727 | $727 | $945 |
Total Monthly Payment | $843 | $843 | $1,061 |
* 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.