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The Gates at Rice PointePrime 15. 06 Acre Gated Development in Walterboro - A Rare OpportunityWelcome to this exceptional 15. 06- acre gated development, offering 12 Prime homes sites ranging from . 994 to 1. 26 acres each. Perfectly situated in a desirable rural setting in Walterboro, this property is less than an hour from Charleston, Summerville, Beaufort, and within commuting distance to Savannah. It is located right outside of the city limits and within 5 minutes from shopping, hospital, and high school. Whether you are looking to create your own development, build a family compound, or establish an equestrian farm, the possibilities are endless. The massive gated entry provides peace of mind, creating a private and protected space for your development or personal retreat. The well maintained gravel drive is positioned near the center of property to create large lots on each side. There are 12 large homesites with driveways and septic permits in hand. These lots are ready for construction. In addition, Lot 7 has a brand new well and septic tank and a large concrete padded carport. Lot 8, also has a new well and septic installed. This property offers the perfect blend of privacy, convenience and opportunity with much infrastructure already in place, minimizing upfront development cost. Take advantage of this rare chance to develop your ideal community or create your personal retreat. *Manufactured Home on Property will be removed before closing* *Owner will consider selling lots individually*
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Our Executive Mortgage Banker:
$670,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $536,000 | $536,000 | $536,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,043 | $3,210 | $4,274 |
| Total Monthly Payment | $3,135 | $3,302 | $4,366 |
* 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.