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Prime Infill Development Opportunity | 720 Parkins Mill Rd, Greenville, SC 29607 Builders and investors, this is the one you've been waiting for. Rarely does a lot of this size become available in one of Greenville's most established and sought-after neighborhoods. Situated on 1. 08 acres along Parkins Mill Road, this property has been approved by the City of Greenville for a tear-down and two-lot subdivision, making it an exceptional infill opportunity in a market where buildable land near downtown is nearly impossible to find. The existing structure is a 4-bedroom, 3-bath brick ranch with a walk-out basement, currently livable, but the real value is in the land. With city approval already in place for two homes, a builder can move forward with confidence and minimize entitlement risk. Why this site pencils out: 1. 08 acres in a walkable, mature neighborhood, a true rarity this close to downtown City-approved for two new residential builds Public water and sewer already on site Established neighborhood with strong comps and continued demand for new construction Minutes from downtown Greenville, Augusta Road, Woodruff Road, top-rated schools (Beck Academy IB, J. L. Mann), and major interstates Greenville's infill market is thriving, and buyers are paying a premium for new construction in mature, tree-lined neighborhoods. This is a straightforward path to two high-quality lots with built-in neighborhood appeal. Don't miss your window on one of the most compelling builder opportunities to hit the Greenville market this year.
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Our Executive Mortgage Banker:
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$799,000
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 | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,828 | $4,036 | $5,308 |
| Total Monthly Payment | $3,920 | $4,128 | $5,400 |
* 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.