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Discover the potential of this . 24-acre lot in a highly convenient Summerville location. Mostly cleared and accented by several tall mature trees, this property offers an excellent opportunity for a variety of future plans. The lot is enclosed with a brand new 6' wood privacy fence. Based on the owner's review of the property's setback requirements, the lot appears capable of accommodating an approximate 40' x 30' building footprint. A sewer easement is in place and includes an 8-inch tap. Ideally situated just 1. 4 miles from historic downtown Summerville, 2. 5 miles from I 26, and 3 miles from Nexton Square, this property provides easy access to shopping, dining, entertainment, and major commuter routes. Whether you're looking to build a primary residence, an investment property, or bring another vision to life, this lot has plenty of potential. Schedule your showing today. *Seller offering up $8, 800 concession for well at closing with an acceptable offer. *Building footprint dimensions are based on the owner's assessment of applicable setback requirements and have not been verified. Buyers and their agents are responsible for independently verifying all zoning, setback, utility, easement, permitting, and building requirements with the appropriate governmental authorities and other professionals. ***Ask about the possibility of receiving 1% reduction in interest rate and free refi. ***
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Our Executive Mortgage Banker:
$95,000
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 | $76,000 | $76,000 | $76,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $462 | $480 | $631 |
| Total Monthly Payment | $537 | $555 | $706 |
* 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.