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3992 Rowe Drive, Summerton, SC, 29148 | $3,500,000
Stunning Lakefront Property with Development Potential!!! Welcome to this exceptional 19. 63 acres of lakefront property on Lake Marion, with the option to purchase as one 19. 63 acre parcel or as 19. 63 acres subdivided into 10 waterfront lots. If purchased as one 19. 63 acre parcel, the land can be subdivided as long as each homesite is at least 0. 69 acres and has DOT standard road frontage - giving the potential for 28 homesites! The waterfront has been dredged, ensuring easy boat access and enhancing the overall appeal of the property. Seven electrical transformers have been installed, making the property development-ready and city water is available. The land has previously perked, and documentation is available upon request. Whether you're looking to build custom homes or invest in a subdivision project, this property offers endless possibilities! Conveniently located just 10 minutes off Interstate 95, this property provides easy access to major routes. The property is also only minutes from Taw Caw Marina and Taw Caw Creek Park, where you'll find convenient boat ramps and other recreational amenities. This is a rare opportunity to own a piece of prime lakefront real estate with incredible development potential.
Features
- Zoning: Agricultural
- Development: 88 - CLR - Lake Marion Area
- Lot Desc: 10+ Acres
- Water Front: Yes
- Elem. School: Out of Area
- Middle School: Out of Area
- High School: Out of Area
- MLS#: 24022242
- Days on Market: 244 days
- Website: https://www.raveis.com
/prop/24022242/3992rowedrive_summerton_sc?source=qrflyer
Listing courtesy of Lifestyle Real Estate
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.
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
3992 Rowe Drive, Summerton, SC, 29148
$3,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.898% | 6.739% | 6.560% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,240 | $17,929 | $24,199 |
| Total Monthly Payment | $17,365 | $18,054 | $24,324 |
* 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