Here is the turn-key lake house you have been searching for! This charming and move-in ready three-bedroom house is located in the small, laid-back Indian Lake Community, which is centered around a 4-acre spring-fed lake. This house would make a great vacation house or Airbnb. Cute as a button, the house was gut-renovated in 2018 and is ready for a new family to host this summer and beyond. The house features 828sf plus a bonus room with a washer/dryer and a walk-in closet, bringing the total square footage to about 925sf. There are three spacious bedrooms and one full bathroom. There is a large and comfortable living room and a formal dining area with room for a table for six. The kitchen has stainless steel appliances and ample cabinet space. In front of the house is a porch, a grass yard with a stone walkway, and a carport that can fit multiple vehicles. There is a garden on the side of the house that produces a bounty of corn and grapes every year. In the back, there is a large deck with ample space to spend quality time with friends and family. Relax on a hammock in the backyard, work on your tan on a lounger, roast marshmallows by the firepit, or stargaze under the clear skies. There is also a large storage shed that will be included with the sale. Indian Lake is a friendly and relaxing community, the perfect home away from home. The modest annual dues cover lake maintenance, common area mowing and snow plowing. The lake is perfect for catch-and release-fishing, swimming, and boating (no gas boats allowed). The Association does allow short-term rentals.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.518% |
Monthly Tax Payment | $294 | $294 | $294 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,364 | $1,329 | $1,715 |
Total Monthly Payment | $1,733 | $1,698 | $2,084 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.