Calling all investors, dreamers, and homesteaders! This home with four bedrooms and three baths needs TLC but has so much potential! Fix it up and enjoy your beautiful, private 12 acres, or live in the mobile home while you build your dream house. Not visible from the road, it's very secluded and private - after you turn off Watson Road you'll go down a long gravel drive (which crosses a creek bed) to get to the home. The lot is mostly wooded with a cleared area near the home that would be a great place to have a pool, garden, chickens, or whatever else you can dream up. Deer and turkey roam the property, and there's a creek behind the house with a nice level spot that would be perfect for setting up a tent. The crawlspace has a cement floored area and five foot tall ceilings with a five foot access door in back. The home itself is spacious with a great layout. Some of the items it will need are a new roof, flooring, some new windows, drywall work, new deck, and finishing the bathrooms. (Please do not go out on the back deck as it has rotten boards that are not safe. ) There are also some soft spots in the floor in the laundry room and bath. Will not qualify for traditional financing. Being sold as-is. Convenient to I-26 and only 20 minutes to Spartanburg, someone will love the freedom of living in the country with no HOA and no restrictions. Call for your showing today!
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William Raveis Real Estate
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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 | $132,000 | $132,000 | $132,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $96 | $96 | $96 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $912 | $867 | $1,105 |
Total Monthly Payment | $1,083 | $1,038 | $1,276 |
* 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.