Welcome to Trailside at Drayton Mills! This rare 4-bedroom, 3-bath end unit townhome in the desirable Drayton Mills area offers an incredible opportunity, priced $25k below its original purchase price just two years ago. Perfect for investors or families, this charming home features a modern kitchen with granite countertops and a ceramic tile backsplash, along with a convenient main-level bedroom and separate bath—ideal for guests or teens. The spacious owner’s suite boasts two walk-in closets and a spa-like bathroom. Enjoy the community’s proximity to the scenic Daniel Morgan Trail and the vibrant Drayton Mills Marketplace, plus easy access to shopping and dining on East Main Street. Located within award-winning Spartanburg District 7 Schools and close to major employers, such as RegionalHealth, Michelin, BMW, Kohler, and Milliken & Company. This townhome is tenant-occupied until February 2025, making it a great investment opportunity. The owner is offering $5k for paint and carpet with an acceptable contract, allowing buyers to customize to their taste with the flexibility to apply that 5k to best fit the buyer's needs. With maintenance-free landscaping and exterior maintenance included in the HOA, giving the next owner peace of mind for years to come, this home is priced to sell! All showings require a minimum of 24 hours notice due to the property being tenant occupied.
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Our Executive Mortgage Banker:
Our Insurance Division:
$229,900
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 | $183,920 | $183,920 | $183,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $545 | $545 | $545 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,255 | $1,222 | $1,551 |
Total Monthly Payment | $1,875 | $1,842 | $2,171 |
* 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.