Here is an opportunity to live in an upscale waterfront neighborhood on a rural lane. The home is designed as a fun get away or an all season home. Built in 2001 of solid wood construction with beautiful rustic charm without giving up any of the creature comforts. Expansive windows allow for seasonal water views and sunlight. The open concept living area creates plenty of room without being crowded. The main floor has a cathedral ceiling creating a nice sleeping loft on the second floor. There is also a full bath and bedroom upstairs. The kitchen, off the dining area, is well appointed with an electric range that is also plumbed for LP gas. The main level heats with a propane stove and the finished basement has a propane wall furnace. In the walk out basement there is room for additional sleeping or entertaining. One part is converted into a workshop. The wrap around deck is a terrific place to entertain friends and family and underneath is storage for all the toys. At the end of a long driveway on nearly an acre is the yard, ample for games and the adjoining woods offer seclusion. The water frontage is just around the corner and is shared with 2 other homes. The road maintenance is shared by all lane residents and the yearly cost depends on the effort to keep it well passable. This is really a superb home on a desirable lakefront lot. The property has been used as an Air BNB and generated substantial revenue year round.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $340,000 | $340,000 | $340,000 |
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% | 7.159% | 6.538% |
Monthly Tax Payment | $345 | $345 | $345 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,319 | $2,260 | $2,915 |
Total Monthly Payment | $2,739 | $2,680 | $3,335 |
* 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.