Almost 3 acres of PRIMETIME land Downtown Fountain Inn! This property Approx. 196 feet of road frontage. Directly next door, two homes are under construction in the $600ks-$800ks! This location is incredible! Seller owns adjacent lot + house (tax map #0359000100109) and the plan is to renovate and flip. This property is currently zoned R15 and the seller has already had an Engineer prepare 5 proposed lots (not approved by City yet). If the buyer chooses to have it rezoned to R12, there is an Engineer drawing of 7 lots (not approved by City yet). 2 minute drive (15 min. walk) to the wonderful Main Street. 7 minute walk (2 min bike ride) to the Swamp Rabbit Trail. Downtown Fountain Inn is absolutely THRIVING right now! Check out the three parks of PD Terry Park, Fairview Park and the Emanuel Sullivan Sports Complex. Main St. is bustling and contains numerous restaurants, bars, shopping and the popular Farmer's Market. The former Fountain Inn Flour Mill has been redeveloped into a mixed-use space called "The Mill at Fountain Inn". It consists of a 2 story brewery, tons of common areas, 6 restaurants, a green space with stadium seating and a big screen to watch the ballgames! Everyone wants a piece of Fountain Inn right now! Real Estate is hopping in this area! Don't miss this opportunity to develop in one of the hottest markets in the Upstate of SC! Schedule a tour TODAY because they are not making more dirt!
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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 | $300,000 | $300,000 | $300,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,996 | $2,021 | $2,572 |
Total Monthly Payment | $2,071 | $2,096 | $2,647 |
* 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.