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Endless Potential on 3. 3 Acres — Opportunity in Cowpens Welcome to 228 Washington Road in Cowpens, a rare opportunity to own a spacious home on 3. 3 acres with the kind of land, layout, and versatility that’s becoming increasingly hard to find. The home currently offers 3 bedrooms, 2 full bathrooms, 1 half bathroom, already positioned to be converted into a full bathroom, adding immediate value and functionality. Downstairs, the basement presents a major opportunity, with the potential to be transformed into a 5-bedroom, 3 full bathroom layout, making this an ideal setup for multi-generational living, rental potential, or a larger custom home renovation. While the home does need significant updating, it provides a solid footprint and generous square footage, giving you the perfect canvas to renovate, redesign, and create a truly personalized space. What truly sets this property apart is the land and outdoor features. The 3. 3 acres of fenced property make it ideal for animals, privacy, or simply enjoying wide open space. A covered barn structure is already in place, offering functionality for livestock, storage, or hobby use. Whether you’re looking to create a mini-farm, homestead, investment property, or a custom renovation project, this property offers the space and flexibility to bring your vision to life. Located in Cowpens, you’ll enjoy peaceful surroundings while still being conveniently located near nearby towns, amenities, and major roadways. Properties offering this much land, usable infrastructure, and renovation potential are rare—don’t miss your chance to unlock everything 228 Washington Road has to offer.
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Our Executive Mortgage Banker:
$369,900
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 | $295,920 | $295,920 | $295,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | $108 | $108 | $108 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,750 | $1,822 | $2,398 |
| Total Monthly Payment | $1,933 | $2,005 | $2,581 |
* 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.