This condo unit is located in the Chandler Oaks community as a single unit within a quadruplex. The area offers convenient access to downtown Gaffney, several parks, and the Frederick Street corridor, and proximity to the university makes this an attractive option for student housing. . This unit is suitable as an affordable entry level primary residence or as a rental investment for the aspiring landlord. Property management of individual units is offered by the community association manager, PMI Upstate SC. Sold as is. All appliances, fixtures, electrical, and plumbing are in good working order. Unit features fresh paint and carpeting and was professionally cleaned. Accounts are in good standing with county, community association dues and public works. Seller is out of state, has never lived in or leased the unit, and has limited information. Buyer should perform adequate inspection prior to closing. All room sizes are approximate.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $34,400 | $34,400 | $34,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $73 | $73 | $73 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $235 | $229 | $293 |
Total Monthly Payment | $383 | $377 | $441 |
* 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.