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109 Cove Lane, Eutawville, SC, 29048 | $315,000
Bring your vision and imagination to 109 Cove Lane in Eutawville. This . 72-acre waterfront property on Lake Marion is a true project opportunity--a chance to transform a lakeside setting into something remarkable. The home is not move-in ready and will require renovation, but for the right buyer with creativity and foresight, the potential is undeniable. The main home offers approximately 1, 200 sq. ft. with a kitchen, living area, 1 bedroom, 1 full bath, and a 1-car garage. In addition, there is a large, detached garage with an upstairs apartment. Tax records state the apartment includes 3 bedrooms, 1 full bath, and 1, 081 sq. ft. Buyer to verify all information deemed important. Located directly on Lake Marion, South Carolina's largest lakespanning over 110, 000 acres and popular for boating, fishing, and outdoor recreationthis property provides excellent access to the water. From the shoreline, it's just a short boat ride to the Big Water, offering wider views and deeper water. The location is also convenient: roughly 20 minutes to Santee, 50 minutes to Summerville, and around 1 hour and 10 minutes to Charleston. This property is ideal for anyone looking for a renovation project in a waterfront settingwhether the goal is to rebuild, restore, or create a future getaway. With the right plan, this can become a special place to enjoy and make memories in the years ahead. Property is being sold AS IS.
Features
- Bedrooms: 1
- Baths: 1 full
- Style: Ranch
- Development: 84 - ORG - Lake Marion Area
- Year Built: 1972
- Garage: 2-car Detached
- Heating: Electric
- Cooling: Central Air
- Approx Sq. Feet: 1,200
- Acreage: 0.72
- Lot Desc: .5 - 1 Acre, Interior Lot, Level
- Water Front: Yes
- Elem. School: St. James-Gaillard Elementary School
- Middle School: Holly Hill Roberts Middle
- High School: Lake Marion High School And Technology Center
- MLS#: 25030741
- Days on Market: 72 days
- Website: https://www.raveis.com
/prop/25030741/109covelane_eutawville_sc?source=qrflyer
Listing courtesy of Carolina One Real Estate
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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109 Cove Lane, Eutawville, SC, 29048
$315,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $252,000 | $252,000 | $252,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,431 | $1,509 | $2,042 |
| Total Monthly Payment | $1,506 | $1,584 | $2,117 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484