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Nestled strategically in a coveted location, this 7. 77-acre property promises a plethora of opportunities for astute buyers. Boasting an agricultural zoning, it presents a canvas for your envisioned project, whether commercial development or the creation of your dream home. The allure of this property is further underscored by its generous 400 feet of frontage along Henry Rd, ensuring visibility and accessibility--a cornerstone for any thriving endeavor. Its potential for commercial development beckons entrepreneurs seeking a strategic locale to establish their ventures. Equally, for those dreaming of a tranquil abode, this vast expanse holds the promise of a serene homesite. It's imperative to note that this property was procured through a tax auction and will be conveyed to the new owner via a quit claim deeda transactional aspect necessitating prudent legal guidance. Prospective buyers are strongly advised to seek counsel from legal experts to grasp the nuances and implications of this particular deed type comprehensively. Moreover, a crucial step toward harnessing the full potential of this property involves conducting a perk test. This evaluation will ascertain the eligibility for well and septic systems, pivotal elements for any prospective development or residential undertaking. The responsibility for conducting due diligence, encompassing zoning regulations, deed specifics, school districts, and the perk test, rests with the buyer and their agents. Seize this opportunity to delve into the potential of this 7. 77-acre canvas! Every aspect of this property unveils a realm of possibilities, awaiting your vision and careful consideration. Property is located directly across from Carolina Industrial Coating. Reference Orangeburg County GIS for more detailed information using TMS # 00570006001000.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $40,000 | $40,000 | $40,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $253 | $263 | $335 |
Total Monthly Payment | $328 | $338 | $410 |
* 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.