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00 Old Post Road presents a rare opportunity to acquire ±45. 46 acres of prime development land just one minute off Exit 87 on I-85 in Gaffney, SC. The property features wide open pastureland, a scenic one-acre pond, and beautiful mountain views. With strong visibility and easy access to major thoroughfares, this site sits just 4 minutes from the Gaffney Outlet Marketplace, 10 minutes to downtown Gaffney, 20 minutes to downtown Spartanburg, and only 30 minutes from the new Kings Mountain Casino and Resort. Utilities are readily accessible, and the property’s gentle topography lends itself well to subdivision or a master-planned community. Residential developers will appreciate the open space, water feature, and proximity to growing economic drivers in the Upstate and Western North Carolina markets. Whether you're building single-family homes, a retirement community, or a mixed-use residential concept, this location offers the scale, setting, and market fundamentals to support your vision. Contact us today to talk more about this tract!
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Our Executive Mortgage Banker:
$1,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.259% | 6.164% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,098 | $7,291 | $10,126 |
| Total Monthly Payment | $7,223 | $7,416 | $10,251 |
* 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.