Back on the market due to no fault of the Seller. 107 Orchard Cottage Way is centered in the heart of The Reserve’s Village area. This charming home is within walking distance of the golf course, tennis courts, clubhouse, driving range and the Market. Designed by acclaimed architect Keith Summerour, it features a blend of natural materials that perfectly complement the mountain and lake setting. Inside, you’ll find heart pine floors, bead board ceilings, and French doors that open to both golf and mountain views, creating a warm cottage feel. On the main level you will find an open floor plan with a dining and living area with a solid masonry fireplace. This level also offers two spacious master suites with ensuite baths. The upper-level features two built in beds with an attached full bath. The exterior boasts rough-sawn wavy board siding, another solid masonry stone fireplace on the spacious screened in porch. A new DaVinci roof was installed in December of 2021. Additionally, there is a golf cart barn for extra storage and your personal golf cart The cottage is priced TURNKEY, except for a few personal items. This home is also eligible for the Reserve at Lake Keowee lodging program to be rented when not in use by the owner. The Reserve at Lake Keowee is a private waterfront golf community that blends natural beauty with world-class amenities including: a Jack Nicklaus signature golf course, Orchard House Clubhouse, Village Center with Market, Pool Pavilion, Marina, state of the art Fitness Center, Tennis Courts, Pickleball Courts, Driving range with Par 3 course with Mulberry Pavilion & Bar and much more. $85, 000 Premier Membership is required at closing.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $743,200 | $743,200 | $743,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.850% |
Monthly Tax Payment | $823 | $823 | $823 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,759 | $4,759 | $6,525 |
Total Monthly Payment | $5,674 | $5,674 | $7,440 |
* 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.