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805 Somerset Place, Spartanburg, SC Brand-New Contemporary Craftsman Home in the sought after Cambridge Community. Welcome to your brand-new home in this beautiful community—a charming neighborhood nestled in the heart of Upstate South Carolina. This exceptional property boast's 3, 399 square feet, featuring 2 bedrooms, 2 full bathrooms, with a thoughtfully designed floor plan, and an optional finished basement that would add an additional third bedroom and bathroom. The main level boasts 1, 679 sq ft of open-concept living, including a spacious great room, dining area, and an eat-in kitchen—perfect for gathering and entertaining. One of the standout features is the Dual Master Suites on the Main Floor, each with generous walk-in closets and privacy on opposite sides of the foyer. A large covered front porch greets guests with timeless Southern charm, while the 48’ x 15’ covered back deck offers a peaceful retreat overlooking the natural beauty of the backyard—ideal for relaxing or hosting friends and family. This contemporary craftsman-style home showcases a split-bedroom layout and sits atop an expansive unfinished basement with incredible potential. Buyers have the option to finish this level, adding a spacious entertainment area, summer kitchen, third bedroom, third bathroom, and covered patio—plus ample storage and mechanical space. The home’s monolithic roof design adds timeless curb appeal and contributes to the architectural elegance of Spartanburg. About the Area: Spartanburg is a thriving city rich in history, culture, and industry. Known as the “Hub City” for its historic role in railroads and textiles, it also played a vital part in the Revolutionary War. Today, Spartanburg is a vibrant center for education and innovation, home to several colleges and major global employers, including BMW’s only North American plant. The area is also beloved for its peach production, often surpassing even the state of Georgia’s output. Don’t miss this incredible opportunity to own a stunning new home in one of Spartanburg’s most desirable communities. With a contract, the buyer can choose interior and exterior colors, floors, cabinets, and granite for the countertops. The builder can build this home, or any other home, on this lot, or any other lot.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$475,000
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 | $380,000 | $380,000 | $380,000 |
| 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% | 6.144% | 5.415% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,187 | $2,276 | $3,030 |
| Total Monthly Payment | $2,262 | $2,351 | $3,105 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.