Unlock an exceptional investment opportunity in the thriving community of Travelers Rest. The 4. 25-acres offers the potential for a subdivision development under the Cluster ordinance, allowing for up to 13 lots and is ideally situated just minutes from Main Street and the scenic Swamp Rabbit Trail. Surrounded by eclectic restaurants, cozy cafes, and vibrant local businesses, this location is a hub of activity; plus, there is added benefit from close proximity to prestigious educational institutions like Furman University, North Greenville University, Bob Jones University and Greenville Technical College. The rich culture and entertainment of Downtown Greenville and the picturesque North Carolina Mountains is all within easy reach, making this location the perfect place to live. This acreage encompasses two parcels, 0481. 00-03-005. 00 (4 acres) and 0491. 00-03-020. 00 (. 24 acres), and is a perfect blend of convenience and potential. The availability of public water and sewer services further enhance the property’s appeal. Perfect for builders and investors looking to capitalize on the area’s growth. Don’t miss your chance to be part of this flourishing community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 | $440,000 | $440,000 | $440,000 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,711 |
Total Monthly Payment | $3,019 | $3,016 | $3,803 |
* 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.