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Nestled within the city limits of Greer, South Carolina, 647 Blackwell Road offers a compelling canvas for a quality single family residential community in the heart of Upstate SC’s most dynamic growth corridor. This ±48. 2-acre tract is proposed for 83 single family detached lots zoned TN (Traditional Neighborhood) a designation that promotes walkable, connected neighborhood design with street trees, sidewalks, and appropriately scaled residential living. All utilities are in place, and the seller has invested significantly in pre-development work, delivering a prospective buyer a concept site plan prepared by Civil SD, LLC, topographic mapping, and a thorough zoning analysis. Two stormwater ponds are incorporated into the concept plan, and the natural character of the site — including blooming tree canopy and rolling Upstate topography with Blue Ridge Mountain views — provides an exceptional setting for a community that residents will be proud to call home. Property Overview • 48. 2 Acres within the city limits of Greer, SC • All utilities available • Seller has substantial amount of Due Diligence Completed • Proposed 83 Lots • ± 1. 82 Lots Per Acre • Actual Site Density: 7. 5 Lots per Acre • Residential Unit Mix: • Pad Sizes: 50' X 100' • Zoned Public Schools • Woodland Elementary • Greer Middle School • Greer High School
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Our Executive Mortgage Banker:
$2,300,000
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 | $1,840,000 | $1,840,000 | $1,840,000 |
| 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 | 6.312% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,884 | $11,180 | $15,527 |
| Total Monthly Payment | $11,009 | $11,305 | $15,652 |
* 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.