PRICE IMPROVEMENT on a rare gem in downtown Spartanburg! Welcome to the Rutledge House, a unique property nestled in the heart of downtown Spartanburg. This property was once the vacation residence for Archibald Rutledge, the first Poet Laureate of South Carolina. This historic abode boasts a rich legacy that adds to its allure. Currently zoned as commercial for use as an attorney's office, this exceptional property has the potential for residential conversion. Immerse yourself in the echoes of the past while envisioning your future within its storied walls. Plenty of storage space and lots of built-in bookshelves throughout the home add to its charm and functionality. Additionally, the offices can be effortlessly turned into bedrooms, expanding the residential possibilities. The property also has two hidden fireplaces behind the walls that can be restored. Conveniently situated amidst the bustling downtown scene, ample parking ensures ease of access with over 14 parking spaces. Spanning over 3, 700 square feet, the possibilities within this space are endless. Whether you aspire to craft your dream home or establish a thriving business, the Rutledge House beckons with its unparalleled character and prime location. Schedule your viewing today and explore the potential for your next venture or sanctuary.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $704 | $704 | $704 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,365 | $3,036 |
Total Monthly Payment | $3,174 | $3,144 | $3,815 |
* 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.