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Opportunity knocks at this unique mountain complex, a versatile property located off Hwy 28, near the Stumphouse Mountain Bike Park, Sumter National Forest, Chattooga River, and the many attractions of Mountain Rest. This expansive estate includes three stand-alone buildings comprising six individual living units, along with a massive horse arena/pole barn, an RV/mobile home site, and a partially constructed tiny home.
The property boasts a large field at the front, offering ample space for a venue, additional units, RVs, or a horseback riding area. Structure one, the original home on the property, features 1, 740 square feet of interior space, complete with hardwood floors and a full bath. The second building, known as the "long house, " contains three partially completed one-bedroom, one-bath units, a large front porch, and a shared laundry area at the end of the building. The third building, styled in a western theme, includes two upper-floor apartments, each with its own full bath and exterior entrance. The ground level of this building offers the potential for a seventh unit, or it could be repurposed for retail or storage, and it includes two small half baths.
At the top of the hill, you'll find an RV site and a partially constructed tiny home, perfect for future expansion. The property is equipped with two septic systems and a private well. While all units will need permitting and completion, with a bit of work, this complex could become a true showplace, ideal for capitalizing on the growing demand in Mountain Rest or providing housing for workers in nearby Highlands and Cashiers, less than 40 minutes away. Inspections are welcome, but the property is being sold as-is.
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Our Executive Mortgage Banker:
$299,900
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 | $239,920 | $239,920 | $239,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,419 | $1,497 | $1,960 |
| Total Monthly Payment | $1,494 | $1,572 | $2,035 |
* 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.