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This 8. 11 +/- acre offering located at 3058 Surrey Race Road in Springfield, South Carolina consists of two parcels being sold together and presents a versatile opportunity for residential, recreational, or investment use in a rural setting. The property features approximately 572 feet of road frontage along Surrey Race Road, providing strong access and potential flexibility for future use. The tract was previously used as a homesite, and existing infrastructure includes a 4-inch well already in place along with electrical service available at the road. These features may help reduce initial development considerations for a future owner. In addition, the property includes a 30 x 30 two-bay garage with lean-tos on both sides, offering functional space for equipment storage, workshop use, or recreational gear. The combined acreage of the two parcels provides a manageable size for a variety of uses including a rural homesite, small recreational retreat, or a combination of both. The layout of the property and its road frontage may also be appealing for those seeking convenient access and usability across the tract. The surrounding area is characterized by a mix of rural residences, farmland, and timberland, contributing to a quiet setting while still maintaining reasonable proximity to nearby towns. Springfield is located approximately 5 miles from the property, offering basic services and conveniences. The property is also located approximately 22 miles from Orangeburg and about 50 miles from Columbia, providing access to additional shopping, employment, and amenities. This offering of two parcels totaling 8. 11 +/- acres may be suitable for individuals seeking a location for a primary residence, a weekend property, or a land investment in Orangeburg County. Buyers should verify all utilities, acreage, zoning, parcel details, and land use requirements according to their intended plans.
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Our Executive Mortgage Banker:
$125,000
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 | $100,000 | $100,000 | $100,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.301% | 6.487% | 5.614% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $592 | $624 | $810 |
| Total Monthly Payment | $667 | $699 | $885 |
* 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.