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Historic charm, flexible living space, and income potential come together in Elloree, SC. On nearly an acre of land, this unique property offers endless possibilities for homeowners, investors, and those seeking multi-generational living near Lake Marion. Originally built in 1900 as a multi-unit property, the home has been reconfigured to create a main-level residence featuring 3 bedrooms and an expansive primary suite. The former apartment kitchen was removed to create a larger primary bedroom, oversized closet area, and expanded bathroom, providing the comfort and functionality today's buyers are looking for. The upper level remains a separate 2-bedroom apartment, offering excellent potential for rental income, guest accommodations, or extended family living. Buyers also have the option to convert the property into one large single-family home, making it easy to customize the space to fit their needs. The nearly one-acre lot provides plenty of room for boat storage, RV parking, trailers, and recreational equipment. The gray storage shed conveys with the property, adding even more space for tools, hobbies, or outdoor gear. Located within walking distance of downtown Elloree, you'll enjoy access to local shops, restaurants, and community events. Joe Miller Park is just a short stroll away and features walking trails, a dog park, tennis courts, and pickleball courts. For boating and fishing enthusiasts, the public boat landing is only 6 miles away, offering quick access to the waters of the Lake Marion area. Whether you're searching for an Elloree home with rental income potential, a historic South Carolina property with character, or a spacious home with room for all your toys, flexibility, convenience, and opportunity in one unique package.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$275,000
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 | $220,000 | $220,000 | $220,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,318 | $1,373 | $1,812 |
| Total Monthly Payment | $1,393 | $1,448 | $1,887 |
* 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.