Welcome home to this expansive 4000 sqft farmhouse retreat located on 3. 42 private acres. Located in the heart of Pebble Creek, 10 minutes to downtown Greenville, Travelers Rest, or Greer, 5 minutes to Paris Mountain State Park, this 6 bedroom 3. 5 bath home is available for purchase as a single family home, or could also be purchased fully furnished, with vendors and bookings in place, to continue using as a highly profitable short term rental property, which has averaged revenue between $100k-$125k per year for the last 3 years mainly through Airbnb and VRBO. (See MLS 1533337 for more short term rental details). This beautiful home has been very well maintained; recent updates include a new roof, new HVAC systems, and a beautifully updated kitchen. The main level boasts 2 bedrooms, including the large master suite, as well as an open living room/dining room and a large updated kitchen. Off of the kitchen, you will also find a huge pantry/laundry space which is a necessity for larger families! The lower level provides 4 bedrooms, 1. 5 baths, and large living/entertainment spaces for all to enjoy, along with walkout access to the exterior. Outside you will find expansive decking, tons of parking, and a basketball court, all surrounded by private woods, making this property the ideal retreat in the middle of town! In addition to the driveway off of E Mountain Creek, this property also provides a private driveway accessed via Apple Jack Lane in the Pebble Creek neighborhood, meaning you have quick easy access to the Pebble Creek Pool and Golf Course, both of which allow public access. Seller has also started preliminary plans for subdividing the property to provide additional rental units or potential to divide and sell. Would be willing to share those engineered drawings as well with the purchase.
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William Raveis Real Estate
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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 | $799,920 | $799,920 | $799,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $201 | $201 | $201 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,188 | $5,122 | $7,079 |
Total Monthly Payment | $5,481 | $5,415 | $7,372 |
* 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.