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Lando is a 156-acre, unique, mixed-use ''path of progress'' property with multiple land use options for development. Pending Chester County Zoning approvals, potential uses include residential subdivision, light industrial use, commercial retail, mixed use (PUD), and potential for a large estate retreat property suitable for an entertainment lodge for corporate or private retreats. Road frontage consists of about 1, 800 feet along Westbrook Road and approximately 350 feet along SC Highway 901. The property is conveniently located approximately 2. 5 miles from the I-77 and SC Highway 9 interchange (dExit 65) in the rapidly growing Richburg area of Chester County, South Carolina. Rock Hill is just 12 miles to the north, Fort Mill and Lancaster are both 18 miles away, south Charlotte is 26 miles away, and Columbia is 47 miles to the south. Between 2010 and 2020, Chester County ranked #1 in Manufacturing Employment Rate and #1 in Manufacturing Growth Rate (70%) in the Charlotte Metro Region. Chester County is the southernmost county in the Charlotte-Concord-Gastonia, NC-SC Metropolitan Statistical Area (current population of 2. 2 million) and has the advantage of Interstate 77 connecting two major metropolitan markets: Charlotte, North Carolina and Columbia, South Carolina. Investors are encouraged to contact Chester County Economic Development to learn more about potential incentives and numerous recent announcements of economic expansion, including Albemarle Corporation's $1. 3 billion investment and E. & J. Gallo Winery's $400 million project. The subject property's topography is extremely suitable for development. Upland soils located above the 100 year floodplain elevation line comprise about two-thirds of the total tract acreage. Chester County public water and sewer service is being implemented along SC Hwy 901, TruVista currently has a fiber optic cable line, and Duke Energy provides electric service. In addition, a natural gas transmission line crosses the property. On Westbrook Road, a gated forest road - previously used for timber harvesting - provides access to approximately two-thirds of the property. Additionally, a 30-foot deeded access easement allows access to the eastern-most portion of the property. This eastern portion includes approximately ten-year-old planted loblolly pines that will provide future income. Fishing Creek, a large perennial stream, creates the west and southwest property border for +/- 4, 000 feet.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 6.764% | 6.581% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,230 | $11,526 | $15,557 |
Total Monthly Payment | $11,355 | $11,651 | $15,682 |
* 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.