3481 Lakeside Drive, Mohegan Lake, NY, 10547 | $240,000

Your peaceful getaway overlooking Lake Mohegan awaits! Stunning seasonal westerly sunsets, everyday views of the lake, and situated for everyday use or weekend retreat. There are 2 tax lots; residential lot of . 12 acres and the adjacent lower lot of. 21 acres on Mohegan Avenue totals . 33 acres. Needs some lovin', and has great potential for much more. Walk along flagstone and slate walkway to original front door, enter to cathedral ceilings with full set of stairs up to sleep loft, endearing charming details throughout from the parquet floors to the clerestory windows and beamed ceilings; can you find the hidden door? First floor is a large open space with French door out to upper enclosed deck, the kitchen also has French door to upper deck, there is a full bath and first floor bedroom. Upstairs is 2 sleep areas, could easily be made into on large bedroom or 2 distinct rooms. Paint it white for a stunning look, could be a highly desirable air bnb if allowed. Quiet neighborhood with community access to the Mohegan Highlands Association. There is a front flagstone and slate patio that needs some repair. As Is. Septic tank should be replaced and priced accordingly. Charming, delightful and situated for privacy describes this peaceful retreat.

Features

  • Rooms: 5
  • Bedrooms: 2
  • Baths: 1 full
  • Style: Bungalow, Log
  • Year Built: 1929
  • Heating: Forced Air, Propane
  • Cooling: None
  • Basement: Crawl Space, Storage Space, Unfinished, Walk-Out Access
  • Approx Sq. Feet: 837
  • Acreage: 0.33
  • Est. Taxes: $7,635
  • Lot Desc: Near Public Transit, Near Shops, Part Wooded, Private, Secluded, See Remarks, Sloped, Views
  • View: Lake
  • Elem. School: George Washington Elementary School
  • Middle School: Lakeland-Copper Beech Middle Sch
  • High School: Lakeland High School
  • School District: Lakeland
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • MLS#: 911174
  • Days on Market: 49 days
  • Website: https://www.raveis.com
    /prop/911174/3481lakesidedrive_moheganlake_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Coldwell Banker Realty   Phone: 914-245-3400

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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516.739.7731

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Our Insurance Division:

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3481 Lakeside Drive, Mohegan Lake, NY, 10547

$240,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $192,000 $192,000 $192,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.360% 6.304% 5.648%
Monthly Tax Payment $636 $636 $636
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,090 $1,167 $1,556
Total Monthly Payment $1,801 $1,878 $2,267

* 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.