491 tall ship drive, unit 330

This 3rd floor Tall Ship condominium offers good seasonal views of beautiful Lake Keowee. Fully furnished and move-in ready and conveniently located only a short walk from the Keowee Key North Marina and swimming pool. For more information about Tall Ship condominiums visit www.TallShipscondos.com. The regime fee for Tall Ship Association is $775 per quarter. There is also a Special Assessment in place of $925 per quarter that will continue for the next 12 years until 2029. This assessment is being collected to repay a loan taken out by the Association to replace windows and stucco on all seven buildings in the complex. Beginning in May of 2017 it is possible for owners of individual units to prepay that assessment and save the interest payments over the term of the loan, thereby saving about $10,000. The cost to prepay the assessment is $31,000. With an ACCEPTABLE OFFER the seller of this property is willing to negotiate payment up to or inclusive of the total assessment of $31,000. If the seller agrees to pay the total special assessment, the buyer will not have to make the quarterly payments of $925. The buyer will only be obligated to pay the regular regime fee of $775 per quarter.