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1741 Rainbow Lake Road, Chesnee, SC, 29323 | $1,000,000
Welcome to 1741 Rainbow Lake Road! This exceptional 5-acre parcel presents a fantastic opportunity for commercial development or a spacious homestead. The property features an expansive 2, 744 square foot home with 4 bedrooms and 3 bathrooms. After some cosmetic renovations there would be plenty of space for friends and family to gather and create lasting memories. Imagine creating a beautiful farmhouse for homesteading. You can enjoy the convenience of location while enjoying serene country living. Convenience is key, and this location excels with easy access to essential amenities. It's just 5 minutes to the new Target, Publix, and Walmart in Boiling Springs. Additionally, the property is situated within the highly regarded District 2 school zone, offering an excellent education and a supportive community for making new friends. The adjacent property is also listed and if purchasing both then you would have over 6 acres. The property boasts road frontage on both Rainbow Lake Road and Riveroak Road, providing flexibility and ease of access. Whether you're envisioning a residential development or a private retreat, this location offers the versatility and potential to bring your dreams to life. House is being sold as is.
Features
- Amenities: None
- Bedrooms: 4
- Baths: 3 full
- Laundry: 1st Floor, Electric Dryer Hookup, Washer Hookup
- Style: Cape Cod
- Year Built: 1948
- Heating: Baseboard, Electric
- Cooling: Wall/Window Unit(s)
- Basement: None
- Acreage: 5
- Est. Taxes: $810
- Lot Desc: 2 - 5 Acres, Few Trees, Wooded
- Elem. School: Oakland
- Middle School: Boiling Springs
- High School: Boiling Springs
- Appliances: Range, Electric Water Heater
- MLS#: 1536210
- Days on Market: 67 days
- Website: https://www.raveis.com
/eprop/1536210/1741rainbowlakeroad_chesnee_sc?source=qrflyer
Listing courtesy of Ponce Realty Group-2 Phone: 864-485-2622
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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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
1741 Rainbow Lake Road, Chesnee, SC, 29323
$1,000,000
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 | $800,000 | $800,000 | $800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
| Monthly Tax Payment | $68 | $68 | $68 |
| H/O Insurance Payment | TBD | TBD | TBD |
| Initial Principal & Interest Pmt | $5,057 | $5,122 | $6,969 |
| Total Monthly Payment | $5,217 | $5,190 | $7,037 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484