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Fully renovated Lake Marion-area property with a rare mix of income potential, flexible living space, and turnkey lake lifestyle. Currently operating as a short-term rental, the property generated approximately $45K over the last 12 months after cleaning and platform fees, with property management and revenue management already in place if the next owner wants a smoother transition. The main home and detached studio cottage were both taken through extensive to-the-studs renovations in 2023/2024, including updated HVAC, plumbing, electrical, flooring, lighting, kitchens, baths, and interior finishes. The main house offers approximately 2, 880 sq ft with a spacious layout, multiple gathering areas, a game room, updated kitchen, modern bathrooms, and professional furnishings/design throughout. The detached cottage adds approximately 300 sq ft with its own full bath, mini-split HVAC, updated finishes, and separate gated access. For the STR investor, this is a furnished, income-producing setup near Lake Marion with major systems already addressed and management options in place. For the house hacker, the separate cottage creates flexibility for guests, rental income, or an owner-occupant setup. For the homeowner, it offers a renovated lake-area retreat with room for guests and friends, convenient access to the boat landing, and easy proximity to Manning, Santee, I-95, fishing, boating, kayaking, and nearby golf. Outdoor features include a fire pit area, kayak launch area, large carport, separate gated entrances for the main house and cottage, and additional rear fencing being completed by the seller. The property sits on just under an acre right next to the boat landing, making it easy to enjoy the Lake Marion lifestyle without taking on a full renovation project. Property may be sold furnished and turnkey with acceptable terms.
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Our Executive Mortgage Banker:
$450,000
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 | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,217 | $2,273 | $2,989 |
| Total Monthly Payment | $2,292 | $2,348 | $3,064 |
* 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.