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Fantastic Wooded Waterfront lot on Beautiful Lake Secession in Abbeville county SC. This gently sloping lot with slightly less than 0. 40 acres and over 125 ft of waterfront sits in a deep water cove just off the main body of the lake and is conveniently located across the lake from Jets Landing. There is a well on the property and city water is also available for hookup in the area. This lot is dockable and has nice flat areas for your camper and relaxing along the shoreline. If you're looking for the ideal lot with no HOA to build your Dream Home, or just a weekend getaway spot, this is for you. The water level on Lake Secession typically stays at full pond during the spring and summer months, but is lowered approximately 7 ft during the winter months to allow property owners to work on their seawalls and docks. At the time of this listing, the water level as seen in the pictures is approximately 3 ft below full pond for that reason. Completed in 1940 and often referred to as the Hidden Gem of the Upstate, Lake Secession is a 1, 450 acre reservoir with approximately 52 miles of shoreline which stretches approximately 7 miles up the Rocky River. Lake Secession and the hydroelectric dam are owned and operated by the City of Abbeville which means it is not a Corps of Engineers lake and homeowners own right to the high water mark of the shoreline. Lake Secession is a Boater and Fisherman's Paradise. Pontoons are plentiful on the lake, but there are no size or motor restrictions, you will see everything from kayaks to large runabouts. As far as fishing, Lake Secession is known as one of the best Crappie fisheries in the Upstate, but other species including Bass, Bream, Catfish, and White Bass are plentiful. Please visit www. lakesecession. com or Facebook pages such as "Lake Secession Friends and Family" or " Friends of Lake Secession" for more info on the lake. This Amazing and Unique property won't last long, Call Today for your private showing.
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Our Executive Mortgage Banker:
$109,000
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 | $87,200 | $87,200 | $87,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.577% | 5.986% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $523 | $544 | $724 |
| Total Monthly Payment | $598 | $619 | $799 |
* 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.