Highly desired Cotton Mill Condos located two blocks (a 6-minute walk) from downtown Simpsonville to shopping, dining and vibrant nightlife, close to town's bike path. Perfect blend of modern and historic charm originally built in 1908! This two-bedroom, two-full bath with 16-ft ceilings, a private balcony, full wall of 12-ft windows with northern exposure. You can enjoy the natural light and shade on the balcony during the daytime view with no need to close the curtains. Original mill wood flooring, newly painted interior, exposed brick with a protective clear finish coat that exudes character. Large laundry room, pantry off kitchen. Smart thermostat, saves on those pesky energy bills, controllable remotely! Extra-large temperature-controlled private storage unit across the hall. The condo community shares an onsite gym, comfy community room, beautiful courtyard with a lush garden, frog pond, swings. Dog-friendly place with large green spaces with doggy bags and trash cans. Easy access to 385! Don't miss out on this great opportunity to own a piece of history in a highly sought after location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$289,000
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 | $231,200 | $231,200 | $231,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $233 | $233 | $233 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,538 | $1,537 | $1,982 |
Total Monthly Payment | $1,846 | $1,845 | $2,290 |
* 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.