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Property Details: -Size: 5. 3 acres-Zoning: Agricultural-Suitable for: Single family construction or manufactured housing--Proximity: Minutes away from Lake MarionOwnership Information: -This property was purchased at a county tax auction. -The deed will transfer via a quit claim deed. Important Note: -For buyers not familiar with quit claim deeds, it is strongly advised to seek legal counsel before submitting offers. Access Information: -The property is landlocked, meaning there is no direct road access. Buyers will need to work out an easement with neighboring property owners to establish access. Additional Information: -The seller does not have a survey on file for the property. -There has never been a soil sample test conducted on the property. -Buyers and their agents are responsible for performing their own due diligence in all matters deemed important, including but not limited to property boundaries, soil suitability, and easement negotiations. This 5. 3-acre parcel of land, zoned for agricultural use, offers the potential for single-family construction or the placement of manufactured housing. Situated just minutes away from the picturesque Lake Marion, it presents an opportunity for those seeking a tranquil and rural lifestyle. However, it's essential to be aware that the property was acquired through a county tax auction, with the deed transferring via a quit claim deed, which may not provide the same guarantees as a warranty deed. Access to the property is currently unavailable as it is landlocked. Buyers will need to engage with neighboring property owners to secure an easement for access. Additionally, it's important to note that no survey records are available, and there has been no soil sample test conducted on the land. Due diligence in these matters and any other concerns related to the property are the responsibility of the buyers and their agents. For a successful transaction and to fully understand the implications of a quit claim deed, it is strongly recommended that buyers seek legal counsel before submitting any offers on this property. Cash purchase only, lease purchase option available with 15% down. Reference Orangeburg County GIS TMS # 0301-00-03-143 for additional information and location.
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$35,000
William Raveis Real Estate
Phone: 888.699.8876
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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 | $28,000 | $28,000 | $28,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.156% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $161 | $168 | $223 |
| Total Monthly Payment | $236 | $243 | $298 |
* 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.