Vanderbilt Farms is an incredible property in an ideal location between Campobello and Landrum in the SC Upstate. Formally Ingleside Plantation, it was a large cattle farm for many years. More recently it was used as an ornamental tree farm. Currently most of the trees are gone and there remains approximately 100 acres of pristine pastureland with both river views and mountain views. The location is private, but only minutes from downtown Landrum. The Landrum High School campus is a mile away and it is less than 20 miles to Tryon International Equestrian Community. The property is buffered by the South Pacolet River for over 3, 000 feet. A conservation easement property and two other large farms border the north and east across the proposed “Saluda Grade Trail”. Saluda Grade Trail: The Vanderbilt Farms community adjoins the “Saluda Grade Trail” which will span from Inman, through Campobello and Landrum, towards Tryon. This 31-mile trail just received a $27 million grant designed to boost economic growth in the area. This trail will closely resemble the “Swamp Rabbit Trail” in Greenville. Vanderbilt Farms has private access to this trail out of the backside of the community. The Development: This property is the premier “equestrian-style” community in Campobello. This diverse farm is comprised of 16 different home sites. At the front of the property, you will find a beautiful private gated entrance with stone columns and walls, featuring copper lanterns and beautiful landscaping, as well as black wooden fencing along the road frontage. The entrance, before turning into a packed pea gravel road, is concrete. Each lot has underground power already in place, as well as a water line that can be connected to Inman-Campobello Water District. Charter Spectrum High-Speed Internet available, as well as garbage pickup by the City of Campobello! Minimal restrictions designed to benefit each property owner. Also, there is a “trail” on the property, which runs along the perimeter of the river and tree line, for all owners to enjoy including walking and horse riding. This “trail” is PRIVATE to only the property owners in Vanderbilt Farms. Lots 3 is located on the right side of the property just when you pass the common green space. It's a gentle sloped lot that is a 1, 000 feet long that ends at the Pacolet river. In the middle of the property is a patch of trees where the flood line from the river starts. A survey is attached that shows the area that is not in the flood zone individual property corners are marked and staked. The “development” work for this community is completely finished and owners are beginning to build now. This lot has a “floodplain area” but the lot is so deep and wide that there is plenty of room to build whatever you would like, while staying well outside of the floodplain. Owner Agent
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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 | $159,520 | $159,520 | $159,520 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,061 | $1,048 | $1,345 |
Total Monthly Payment | $1,136 | $1,123 | $1,420 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.