Lexington South Carolina Real Estate

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Lexington South Carolina History

The historic town of Lexington, South Carolina is a direct descendant of the old Royal township of Saxe Gotha. This township was one of eleven established in 1735 by the Colonial government of King George II to encourage settlement of back country South Carolina and serve as a protective buffer between powerful Indian tribes to the west and the older settled plantations of the low country. The name Saxe Gotha was in honor of the marriage of the British Prince of Wales to Princess Augusta of the German State of Saxe Gotha.

The territory of colonial Saxe Gotha covered most of present day Lexington County and was traversed by two important early Indian trails, the Cherokee Path which followed roughly modern U.S. Highway #378 and the Occaneechi Path, today U.S. Highway #1. These ancient trading paths and the highways that later developed from them have had an enormous impact on the historical development of the area.

Most of the early settlers came from various cantons, principalities and city-states of Germany and Switzerland. Others came down from Pennsylvania, and Virginia. Despite the disruptive Cherokee Indian War of 1760 and the "Regulator" unrest that followed, the township flourished as a largely self-sufficient area of small scale farming operations. Major crops in the 18 th Century included corn, wheat, tobacco, hemp, flax, beeswax and livestock.

During the American Revolution several skirmishes occurred in the area. The Battle of Tarrar Springs was fought just one mile east of Lexington on November 16, 1781.

In 1785 Lexington County was established, changing the name from Saxe Gotha to Lexington in honor of the Massachusetts Revolutionary War battle. The county's first courthouse was built at Granby, located just south of present day Cayce.

With the clearing of upriver lands for the spreading cotton culture, Granby became plagued with floods. The county seat was moved in 1820 when the present town of Lexington was laid out on a high, healthy sand ridge near Twelve Mile Creek. The town was known as Lexington Courthouse throughout the 19 th Century since in the first few years of its existence there was only the courthouse with few residences.

By 1861, when it was incorporated as a town, Lexington boasted a diverse population of lawyers, physicians, trades people, artisans and farmers. There were then 2 churches, several schools, a carriage factory, a saw and gristmill, a tannery, livestock yard, tin and blacksmiths, and a weekly newspaper. The major crops of the surrounding countryside were mainly cotton, corn sweet potatoes and lumber. Lexington was not a marketing center for these staples, but did serve as a retail market for manufactured goods purchased wholesale by merchants in nearby Columbia.

In 1865 the town was virtually destroyed by occupying Union Army forces guarding General Sherman's western flank. The courthouse, county jail and St. Stephen's Lutheran Church were put to the torch as were most businesses and homes. The devastation and political turmoil of the period were weathered, however, by a frugal people willing to rebuild for a future without abandoning the ideals of their heritage.

The small farms with their varied crops and the lumber industry stabilized somewhat the economy of the area after Reconstruction years. The completion of the Columbia to Augusta Railroad just after the Civil War and the construction of the Lexington Textile Mill in 1890 contributed greatly to the growth of the town itself. Disastrous fires in 1894 and 1916 on Main Street resulted in the construction of brick buildings, many of which are standing today.

The Town of Lexington has continued to be the political center of Lexington County, one of the fastest growing areas of the nation. With new major highways passing nearby, the town continues to experience phenomenal growth. The people of Lexington are proud of their past and look forward to a promising future.

 

The Lexington South Carolina housing market is thriving and still seeing great appreciation. Jobs are plentiful and diverse. Smiling faces and beautiful places like Lexington make this a great place to live and play!

See my homes avaliable for sale at http://www.lauraslexingtonhomes.com/

 

  View of Lake Murray from Lexington

Copyright © 2009 by Laura Jefferson, Acquire Real Estate

 www.lauraslexingtonhomes.com

I specialize in Buying and Selling Lexington South Carolina Real Estate in and around the Midlands of  South Carolina.  If you are thinking about buying or selling your home in Lexington, Lake Murray, Gilbert, Irmo, West Columbia, Columbia, Red bank, Pelion, Gaston, Chapin, Prosperity, Saluda, Newberry or other surrounding areas of South Carolina, and more importantly, want to work with the local area expert, please contact me at your earliest convenience.

 

 

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0 commentsLaura Jefferson • April 28 2008 10:38AM

Funds for Handyman-Specials and fixers 203(k) FHA loans

Even though I blog here normally as a Realtor and Agent I am also a Originator with 1ST Choice Mortgage here in Columbia SC. I have been involved in Mortgage lending now for longer than I care to admit. I find my knowledge and the capability to offer my clients a total package as a valuable asset to them and me both. Especially when dealing with other lenders for my listings that have went under contract. No pulling the wool over my eyes on the Mortgage end.

Yesterday we were pleased to be one of the only institutions in South Carolina to be approved to do FHA 203(k) loans. And we had a HUD training session on this for the better part of the day.

I encourage any Agent to try and attend Mortgage training as often as they can get an invite as it will really help you avoid those nasty little problems that sometimes pop up day before closings are scheduled.

On to the useful stuff....This is what we were trained on yesterday.

The purchase of a house that needs repair is often a catch-22 situation, because the bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done until the house has been purchased.

HUD's 203(k) program can help you with this quagmire and allow you to purchase or refinance a property plus include in the loan the cost of making the repairs and improvements. The FHA insured 203(k) loan is provided through approved mortgage lenders nationwide. It is available to persons wanting to occupy the home.

The down-payment requirement for an owner-occupant (or a nonprofit organization or government agency) is approximately 3% of the acquisition and repair costs of the property.

 

The 203(k) loan includes the following steps:

 -   A potential home-buyer locates a fixer-upper
and executes a sales contract after doing
a feasibility analysis of the property with their
real estate professional. The contract should
state that the buyer is seeking a 203(k) loan
and that the contract is contingent on loan
approval based on additional required repairs by the FHA or the lender.

  The home-buyer then selects an FHA-approved 203(k) lender and arranges for a detailed proposal showing the scope of work to be done, including a detailed cost estimate on each repair or improvement of the project.

 -   The appraisal is performed to determine the value of the property after renovation.

 -   If the borrower passes the lender's credit-worthiness test, the loan closes for an amount that will cover the purchase or refinance cost of the property, the remodeling costs and the allowable closing costs. The amount of the loan will also include a contingency reserve of 10% to 20% of the total remodeling costs and is used to cover any extra work not included in the original proposal.

 -   At closing, the seller of the property is paid off and the remaining funds are put in an escrow account to pay for the repairs and improvements during the rehabilitation period.

 -   The mortgage payments and remodeling begin after the loan closes. The borrower can decide to have up to six mortgage payments (PITI) put into the cost of rehabilitation if the property is not going to be occupied during construction, but it cannot exceed the length of time it is estimated to complete the rehab.

 -   Escrow funds are released to the contractor during construction through a series of draw requests for completed work. To ensure completion of the job, 10% of each draw is held back; this money is paid after the lender determines their will be no liens on the property

  Wahla This is what you get www.lauraslexingtonsc.com

 

Copyright © 2009 by Laura Jefferson, Acquire Real Estate

 www.lauraslexingtonhomes.com

I specialize in Buying and Selling Lexington South Carolina Real Estate in and around the Midlands of  South Carolina.  If you are thinking about buying or selling your home in Lexington, Lake Murray, Gilbert, Irmo, West Columbia, Columbia, Red bank, Pelion, Gaston, Chapin, Prosperity, Saluda, Newberry or other surrounding areas of South Carolina, and more importantly, want to work with the local area expert, please contact me at your earliest convenience.

 

 

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1 commentLaura Jefferson • April 17 2008 01:22PM

Lake Murray SC point lot...Rare Find big water

AM

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Listings Photo
$499,000.00
1075 Amick Drive

Irmo, SC 29063


Beds: 0 Rooms: 0
Baths: 0 Sq. Ft.: 0
Garage: 0 Built: 0
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Laura Jefferson
 Jefferson
803-233-7178
www.laurasellslexington.com


 
  Visit this listing at www.lauraslexingtonhomes.com

Posted by Laura Jefferson on April 14th, 2008 10:52 AMPost a Comment

Copyright © 2009 by Laura Jefferson, Acquire Real Estate

 www.lauraslexingtonhomes.com

I specialize in Buying and Selling Lexington South Carolina Real Estate in and around the Midlands of  South Carolina.  If you are thinking about buying or selling your home in Lexington, Lake Murray, Gilbert, Irmo, West Columbia, Columbia, Red bank, Pelion, Gaston, Chapin, Prosperity, Saluda, Newberry or other surrounding areas of South Carolina, and more importantly, want to work with the local area expert, please contact me at your earliest convenience.

 

 

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0 commentsLaura Jefferson • April 14 2008 09:57AM

Golf Couse and Lake Murray SC...Custom Built Home

April 7th, 2008 9:45 AM

Header
Header_2
Listings Photo
$499,000.00
409 OXENBRIDGE WAY

Chapin, SC 29036


Beds: 4.0 Rooms: 4
Baths: 3.00 Sq. Ft.: 3600.00
Garage: 2.5 Built: 0
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Laura Jefferson
 Jefferson
803-233-7178
www.lauraslexingtonhomes.com


 
  Visit this listing at Here

Copyright © 2009 by Laura Jefferson, Acquire Real Estate

 www.lauraslexingtonhomes.com

I specialize in Buying and Selling Lexington South Carolina Real Estate in and around the Midlands of  South Carolina.  If you are thinking about buying or selling your home in Lexington, Lake Murray, Gilbert, Irmo, West Columbia, Columbia, Red bank, Pelion, Gaston, Chapin, Prosperity, Saluda, Newberry or other surrounding areas of South Carolina, and more importantly, want to work with the local area expert, please contact me at your earliest convenience.

 

 

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0 commentsLaura Jefferson • April 07 2008 08:52AM