Opportunity awaits! This spacious two bedroom, two bathroom chalet is just steps from Locke Lake and Halfmoon Lake. The heated two car garage allows for lots of storage. Above the garage is an additional room that could be finished for extra living space. Walk in through the lower level to find two bedrooms and a bathroom with laundry. Upstairs you will find a kitchen, dining area, living room, and an additional bathroom. Bring the outside in with two sets of double doors opening up to deck space. A series of decks and balconies outside provide space to hangout or stargaze. A large 7 person hot tub is included in the sale. It has been used as a vacation getaway at times and a short term Airbnb for the current owner. With the draw of the lakes, activities, and rural setting this home as always cash flowed well as a rental. The property is sandwiched between Locke Lake and Halfmoon Lake with an additional pond in view across the road. This home is part of a lake community HOA with a nominal annual fee. Enjoy multiple beach access to both lakes along with access to a boat slip, docks, a golf course, and more! Unfortunately the pipes froze during a cold snap this early spring. The property is in need of rehab/renovation. All sheetrock and flooring that was water damaged was removed immediately. Whether you want this to be your year round current residence, a flip, or a buy and hold investment, lots of potential and fun to be had!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Insurance Division:
$275,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.234% | 7.308% | 6.644% |
Monthly Tax Payment | $302 | $302 | $302 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,538 | $1,482 | $1,901 |
Total Monthly Payment | $1,915 | $1,859 | $2,278 |
* 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.