AUCTION- The list price is the auction reserve and NOT the sale price of the home. 10% auction premium will be added to the hammer price. Bidding is ONLINE ONLY. This home is sold as-is, where-is with no contingencies. Winning bidder will pay $10, 000 non-refundable deposit immediately after close of auction. Bidding will end 12/3 at 5pm. Listing Agent is the auctioneer. This 4-bedroom, 2-bathroom home, located at 2 Brookwood Court in Taylors, SC, offers 2, 105 sq. ft. of living space on a spacious 1. 24-acre lot, and NO HOA! This unique A-frame home has significant potential but was affected by flooding from Hurricane Helene and it is in a FEMA Flood Zone. However, the current seller has rented this property for 20 years plus and had no previous issues of flooding or any insurance clams and it took a storm that had never been experienced in a century in this area to cause flooding. This an ideal investment opportunity for buyers looking to restore or renovate. Once restored, this home comps for over $325, 000. In the pictures, you will find a few that reflected the back pool area before the storm so you can see the potential beauty that lies in store for the lucky winning bidder.
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$100,000
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 | $80,000 | $80,000 | $80,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $252 | $252 | $252 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $553 | $539 | $681 |
Total Monthly Payment | $880 | $866 | $1,008 |
* 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.