318 Saranac Drive, Spartanburg, SC, 29307 | $420,000

European-style custom home with impressive craftsmanship and exceptional structural quality, located directly across the street from Lake Saranac in Spartanburg and situated on nearly one acre of land. This distinctive property offers spacious living areas, architectural character, and a thoughtfully designed layout. The main level features a formal living room with double windows and a round cathedral ceiling that creates a bright and elegant gathering space. The dining room includes a custom built-in bookshelf and china cabinet, adding charm and functionality. The kitchen is designed for both everyday living and entertaining, featuring tall custom cabinetry, detailed trim work, two china cabinets, granite countertops, and a huge walk-in pantry with abundant storage. The home offers multiple bedroom suites, including two primary bedrooms on the main level and two additional bedrooms upstairs. The second floor also includes a media or flex area with access to a covered balcony. Construction quality stands out with 2x4 exterior walls combined with 6-inch block construction and a hard stucco exterior. The home is heavily insulated, including an additional 1-inch insulation layer over plywood prior to the block installation. The basement was built with reinforced 18-inch blocks for additional structural support. The unfinished basement provides extensive possibilities for future living space, recreation areas, workshops, or gathering areas. The nearly one-acre lot offers room for landscaping, outdoor living areas, and enjoying the surrounding setting, with the backyard featuring mostly gentle rolling terrain. The home’s location across from Lake Saranac provides a peaceful environment while still offering convenient access to nearby amenities. Downtown Spartanburg is approximately 6 miles away, Interstate 85 access is about 5 miles from the property, and Greenville-Spartanburg International Airport is roughly 17 miles away, making travel and commuting convenient while enjoying a quiet residential setting.

Features

  • Amenities: Other
  • Bedrooms: 5
  • Baths: 2 full / 2 half
  • Laundry: 1st Floor
  • Style: Traditional, European
  • Year Built: 2010
  • Garage: 2-car Attached
  • Heating: Forced Air
  • Cooling: Central Air
  • Basement: Full, Unfinished
  • Acreage: 0.97
  • Est. Taxes: $296
  • HOA Fee: $200 Annually
  • Lot Desc: 1/2 - Acre, Wooded
  • Elem. School: Drayton Mills
  • Middle School: McCraken
  • High School: Spartanburg
  • Appliances: Electric Oven, Electric Water Heater
  • MLS#: 1584111
  • Days on Market: 67 days
  • Website: https://www.raveis.com
    /prop/1584111/318saranacdrive_spartanburg_sc?source=qrflyer
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William Raveis Family of Services

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Customer Service

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
  • Offers you pre-approval in minutes!
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318 Saranac Drive, Spartanburg, SC, 29307

$420,000

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 $336,000 $336,000 $336,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.730%
Monthly Tax Payment $25 $25 $25
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,012 $2,096 $2,744
Total Monthly Payment $2,112 $2,196 $2,844

* 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.