1432 Shady Grove Road, Pickens, SC, 29671 | $849,000

Extremely rare opportunity! With its many unique attributes, options for use are limitless. Located conveniently just outside downtown Pickens and minutes from Lake Keowee on 9. 83 partially wooded, developable acres with mountain views, this offering includes: Approximately 10000 sq ft of warehousing/manufacturing/storage/distribution space (multi-use, unrestricted), and a comfortable 1868 sq ft newly painted bungalow, promising both residential and commercial income potential. Recent use was residential and office rental for the home and exotic car storage which was cash flow positive due to excellent demand. The commercial buildings are metal clad with metal roofs in excellent condition, with finished areas including a shop office, and games/pool room/bar/man cave that adjoins another finished space previously used as a music recording studio. These areas can be converted into office or living areas. The lovingly built ranch style bungalow comprises 3 bedrooms and 2 bathrooms, featuring an open kitchen/dining and great room with hand hewn American wormy chestnut accent walls, a den with Southern Ash walls, plenty of natural light, a gas log fireplace, and screened porch overlooking areas of rolling manicured lawns. Upgrades include stainless steel kitchen appliances, granite countertops throughout, and updated bathroom vanities with vessel sinks. Multiple outdoor living spaces consist of a front porch with a mountain view, screened back porch, and large back patio (walk-out from master bedroom) begging for a hot tub or fire pit. The master bedroom has built-ins, a walk-in closet and a very generously sized dressing room/laundry combination. This dwelling has immediate rental potential of approximately $2, 500 /month. At least three residential building sites can be easily subdivided at the rear of the property with unobstructed views of Table Rock, Pinnacle Mtn and Caesars Head, which can be plainly seen from the rear of the property with separate access available. A fruit-tree lined winding drive leads to the home and commercial buildings, ensuring both privacy and security. This is an ideal opportunity for an owner/operator/investor to live where they work, develop, or lease warehouse space with income potential. Phase One environmental study completed when purchased by current owner and available in Supplements. Agent related to Seller. Seller is a licensed SC real estate Broker.

Features

  • Amenities: None
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Laundry: Sink, Walk-in, Laundry Room
  • Style: Ranch
  • Year Built: 1989
  • Garage: 4-car Detached
  • Heating: Electric
  • Cooling: Electric
  • Basement: None
  • Acreage: 9.83
  • Est. Taxes: $10,093
  • Lot Desc: 5 - 10 Acres, Sloped, Few Trees, Other
  • View: Mountain(s)
  • Elem. School: Hagood
  • Middle School: Pickens
  • High School: Pickens
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, Electric Oven, Double Oven, Microwave, Electric Water Heater
  • MLS#: 1546450
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/1546450/1432shadygroveroad_pickens_sc?source=qrflyer
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Listing courtesy of Justin Winter & Assoc   Phone: 864-481-4444

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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

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1432 Shady Grove Road, Pickens, SC, 29671

$849,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $679,200 $679,200 $679,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.148% 6.760% 6.806%
Monthly Tax Payment $841 $841 $841
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,462 $4,349 $5,963
Total Monthly Payment $5,395 $5,282 $6,896

* 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.