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Great investment opportunity in Sumter at 1030 State Street. This three bedroom, two bathroom brick ranch offers exceptional value and room to grow, situated on a spacious 1. 08 acre homesite with the option to purchase an additional 10. 29 acres directly behind the property. With over 11 acres available in total, this property presents endless possibilities, whether you're looking to renovate and add your personal touch, create a private homestead with room to roam, or explore future projects on the expansive acreage. The home features classic hardwood flooring, a formal living and dining room, and a generously sized kitchen with upgraded stainless steel appliances and a breakfast nook large enough for casual dining. A bright ceramic tiled sunroom overlooks the backyard, filling the space with natural light and offering a peaceful spot to enjoy the surrounding landscape. Outside, the attached carport includes handicap-accessible features and provides ample space for parking and storage, with an additional storage shed located in the backyard. The property is being sold as-is, making it an excellent opportunity for buyers looking to customize and build equity. Home is being sold as-is. The home on 1. 08 acres may be purchased separately for $225, 000, or together with the additional 10. 29 acres for $275, 000. The rear acreage is not available for purchase on its own.
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Our Executive Mortgage Banker:
$225,000
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 | $180,000 | $180,000 | $180,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.508% | 5.794% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,079 | $1,123 | $1,471 |
| Total Monthly Payment | $1,154 | $1,198 | $1,546 |
* 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.