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Brand-New Construction on . 58 acre lot – No HOA + Premium Upgrades!! Welcome to 740 Mayo Rd, a beautifully built new construction home situated on a large, level half-acre+ lot with NO HOA in Spartanburg, SC. Thoughtfully constructed with quality in mind, the builder truly went above and beyond with high-end finishes and energy-efficient features throughout. Step inside to an open and inviting layout featuring luxury vinyl plank flooring throughout the entire home with a durable 20-mil wear layer, combining style with long-lasting performance. The kitchen is a standout, boasting elegant quartz countertops, waterfall island, soft-close cabinetry, and high-end Frigidaire Gallery stainless steel appliances—and the builder is even including a brand-new refrigerator for the buyer! The primary suite offers a relaxing retreat with a beautiful tiled shower and a custom closet system designed for optimal organization. Every detail has been carefully selected to provide comfort, durability, and modern appeal. Enjoy outdoor living on the covered back patio, perfect for relaxing or entertaining while overlooking the spacious backyard. The location is quiet with a rural feel but you are just a 10 minute drive to a major grocery store, restaurants and interstate I-85. Even better, it's located in a USDA eligible area! And finally, it's the little things that make a big difference! In this home the garage walls and garage door have been insulated as well. Don’t miss your chance to own a high-quality new home with space, upgrades, and a quiet rural setting. Schedule your showing today! **Home is under construction, due to be completed the end of May. Finished pictures show the exterior and interior colors and finishes that will be used in the home. **
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Our Executive Mortgage Banker:
$239,000
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 | $191,200 | $191,200 | $191,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.500% | 5.710% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,131 | $1,193 | $1,561 |
| Total Monthly Payment | $1,206 | $1,268 | $1,636 |
* 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.