|
Welcome to the Historic Spa at Grand Lake, now known as The Hotel at Grand Lake! Nestled on 71 pristine acres overlooking Lake Williams, this seven building resort property offers an amazing opportunity for a new owner with current rental income in place. The hotel currently offers 55 rooms for guests, with an additional 30 rooms awaiting remodel. This property would make a great conversion to a multifamily project with many amenities. A short walk thru the woods brings you to Brewster Pond, allowing visitors easy access to fishing, kayaking, and paddle boarding. The grounds include an indoor and outdoor pool, large banquet hall, full-sized restaurant-capacity kitchen, and beautiful views of the lake. Also there is an additional restaurant and bakery building. Also included is a 2, 700 sq ft contemporary single story 3-bedroom home with open concept layout and a full floor-to-ceiling brick fireplace in great room. The single family home includes a 3-car detached garage. Rooms are currently rented on a weekly basis with approx. 35 of the 55 rooms rented. Gross income currently $40, 000 per month for the 35 rooms rented.
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 Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$6,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,200,000 | $5,200,000 | $5,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $1,630 | $1,630 | $1,630 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $29,934 | $32,441 | $44,233 |
Total Monthly Payment | $31,689 | $34,196 | $45,988 |
* 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.