593 Lake Drive, Bamberg, SC, 29003 | $1,050,000

Welcome to 42 acres of picturesque landscape situated on Lake Dr in Bamberg, South Carolina. Bamberg, a town that traces its roots back to the late 19th century, emerged as a thriving community driven by the railroad industry. Founded in 1897, this coastal plain region became a significant commercial center for farming and plantations.
Bamberg's rich history includes noteworthy achievements like the submarine spar torpedo experiments conducted by Dr. Francis F Carroll at Clear Pond, located just nine miles outside of town. During the early 20th century, Bamberg proudly stood as the most active cotton market between Augusta and Charleston, fueling the region's economic prosperity.
However, the onset of the boll weevil in 1921 marked the end of this prosperous era, bringing challenges to the local economy. Nonetheless, Bamberg's resilience shines through, as exemplified by the inclusion of its 1880 through 1930 residential area in the National Register of Historic Places in 1983. Bamberg also knows how to celebrate its heritage and embrace cultural events. In 2001, the town hosted its inaugural Antiques Treasure Fest, an event that showcases antiques and collectibles while offering visitors a delicious barbeque cook-off. This remarkable property on Lake Dr offers you the opportunity to own a piece of Bamberg's history while enjoying the tranquility and natural beauty of the area. With 42 acres at your disposal, the possibilities for creating your dream home or embarking on new ventures are endless. Don't miss out on this chance to be part of Bamberg's vibrant past and promising future.

Features

  • Zoning: Residential
  • Development: Adjacent Counties
  • Water Front: Yes
  • MLS#: 183799
  • Days on Market: 263 days
  • Website: https://www.raveis.com
    /prop/183799/593lakedrive_bamberg_sc?source=qrflyer
This information is deemed reliable, but not guaranteed. Neither the Lowcountry Regional MLS, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is for use by its members and is not intended for use for any other purpose. Source: LowCountry Regional MLS
Listing courtesy of The HomesFinder Realty Group   Phone: 877-229-4107

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance

978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

593 Lake Drive, Bamberg, SC, 29003

$1,050,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 401.474.4879

Whitney.Rugg@raveis.com

NMLS Mortgage Loan Originator ID 7654

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $840,000 $840,000 $840,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.851% 6.851%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,379 $5,448 $7,317
Total Monthly Payment $5,504 $5,573 $7,442

* 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.