WHAT can you do with this property? 10 minutes to adorable Downtown Travelers Rest, 20 minutes to Paris Mountain State Park, 30 Minutes to bustling downtown Greenville or 38 minutes to Hendersonville NC, this unique property has so much potential for a CASH BUYER willing to give it the TLC it needs and deserves. Just off Hwy 276, this diamond in the rough is surrounded by over an acre of land with multiple outbuildings. The original home was built in the 1950's and still retains the charm and sturdiness expected from homes of that era. (Currently, there is no power or water on at the property. ) Over 1500 sf, this home has a HUGE primary suite with its own exterior entrance, with potential to be a multi-generational home and/or an income suite. Easy access laundry room off the large kitchen, living room, dining room/den and large walk in closets (have been modified). With over a full acre, a savvy investor might choose to separate the land into multiple lots to maximize profits. Walk in crawl space with lots of room for storage. Several carports & out-buildings are scattered around this property. PLEASE USE CAUTION WHEN VIEWING ANY PORTION OF THIS PROPERTY.
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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 | $159,200 | $159,200 | $159,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $183 | $183 | $183 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,059 | $1,073 | $1,365 |
Total Monthly Payment | $1,317 | $1,331 | $1,623 |
* 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.