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Property OverviewLocation: Quail Creek Drive, Loris, SC 29569Size: 8. 71 acres. Zoning: CFA (Commercial Forest Agriculture), offering flexibility for residential, commercial, or agricultural development. Property Highlights: Development Potential: This expansive tract provides a prime opportunity for various development projects, including residential subdivisions, commercial enterprises, or agricultural ventures. Accessibility: Situated off Highway 9, the property offers convenient access to major transportation routes, enhancing its appeal for future development. Proximity to Surrounding Highways: Highway 9: Direct access to Highway 9 facilitates easy travel to neighboring towns and coastal areas. Highway 701: Approximately 5 miles west, connecting Loris to Conway and othercommunities. Highway 31 (Carolina Bays Parkway): Located about 15 miles southeast, providing a direct route to Myrtle Beach and surrounding coastal regions. New Developments in the Area: The area has multiple new developments sites by DR Horton, Lennar, Meritage homes. Residential Growth: Numerous residential properties are available, indicating a thriving housing market and increasing demand for homes in Loris. Horry County Growth Information: Population Increase: Horry County, South Carolina, has experienced significant population growth in recent years. Between July 1, 2022, and July 1, 2023, the county attracted over 15, 000 new residents through domestic migration, ranking it 10th in the nation for that period. This influx reflects a broader trend, as the county's population has grown by approximately 57. 66% since 2010, reaching an estimated 426, 140 residents in 2025. Additionally, Myrtle Beach, located within Horry County, has been recognized as the fastest-growing city in the United States for 2023. Economic Expansion: The county's growth has spurred economic development, leading to increased demand for residential and commercial properties in areas like Loris. Medical Facilities in the Area McLeod Health Loris: A full-service hospital offering emergency services, surgical care, and various specialties, located approximately 2 miles from the property. McLeod Medical Center: Situated on Main Street in Loris, this facility provides comprehensive healthcare services and is conveniently located near the property. This 8. 71-acre parcel on Quail Creek Drive presents a unique opportunity for investors and developers to capitalize on the ongoing growth in Horry County. Its strategic location, coupled with flexible zoning and proximity to major highways and amenities, makes it an ideal site for various development projects.
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William Raveis Real Estate
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NMLS Mortgage Loan Originator ID 81725
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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 | $179,200 | $179,200 | $179,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,032 | $1,147 | $1,488 |
| Total Monthly Payment | $1,107 | $1,222 | $1,563 |
* 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.