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Here's your chance to purchase a Country cottage with access to a beautiful 200+ acre natural lake for motor boating, fishing and swimming. Just imagine swimming to your hearts content and waterskiing in the summer, ice skating or ice fishing in the winter months! This charming cabin has an open floor plan perfect for a 3 season get-a-way. 100 amp electric, good septic and drilled well along with front and back decks. Full attic is easily accessible with pull down stairs could easily make additional living space. Attic has a gas furnace waiting be installed (you'll need to get the proper permits) to make this a year round, 4 season home. With some updates and renovations this cozy cabin can be your lakefront dream cottage! The bones are good, built in 1962 and built to last! Join the Mohican lake tax payers association to use the area boat launch and access Mohican Lake. Within 30 minutes to all area amenities including the Forestburgh playhouse, Bethel Woods for music venues, Resort World Catskills for gambling, the Delaware river, Port Jervis commuter trains, Barryville farmers market Mast Hope Mountain for snow skiing and so much more! Added bonus Within 2 hours to NYC. Lake Views and lake access close by makes this spot the perfect choice to enjoy lake living!
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Our Executive Mortgage Banker:
$189,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $151,200 | $151,200 | $151,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $175 | $175 | $175 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $906 | $943 | $1,245 |
| Total Monthly Payment | $1,156 | $1,193 | $1,495 |
* 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.