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This spacious 4-bedroom, 3-bath home offers over 4, 200 square feet of total usable living space, providing exceptional flexibility for today’s lifestyles. Stunning elevated views of the surrounding hills and lake create a breathtaking backdrop for this one-of-a-kind Mohegan Lake property. Located in the Mohegan Highlands Association, residents enjoy lake rights, man-made beaches, BBQ areas, playgrounds, and association-maintained roads that are plowed for year-round access, offering both lifestyle and convenience in a peaceful setting. Adding to the property’s exceptional value, the sale includes five separate tax lots being sold together as a package, presenting rare flexibility for future subdivision, resale to a builder, or creating additional homes for family or friends who would love to be neighbors. The home itself offers generous space and thoughtful updates throughout. The renovated kitchen features custom wood cabinetry, granite countertops, stainless steel hood, tile flooring, and a built-in breakfast nook, blending warmth and functionality. A formal living room showcases a beautiful stone fireplace and cathedral ceilings, while the formal dining room- currently used as an additional living room- offers flexible entertaining space. The family room is filled with natural light, highlighted by newer floor-to-ceiling windows and glass sliding doors that open to a large entertaining deck where you can fully enjoy the sweeping views. An office on the main level can also serve as a fourth bedroom. The spacious primary suite includes a walk-in closet and en-suite bathroom, along with two additional bedrooms and a total of three two bathrooms on the main levels. The lower level offers a spacious finished, walk-out basement adding over 1000 square feet of additional living space currently set up as a guest bedroom with a full bathroom and sauna, plus an additional room used as a playroom — ideal for extended family, guests, or recreation. Additional features and upgrades include an HVAC system with heat pump for heating and cooling, oil baseboard heat in the basement, newer boiler, new insulation in the attic and basement, new windows including living room and primary bedroom, new sliding windows, gas fireplace, new chimney flashing, in-ground sprinkler system, and public sewer available on the street and easily connectable, as neighboring homes already have. This property offers an unmatched combination of views, community amenities, expansive living space, and future development potential- a truly unique opportunity in Mohegan Lake.
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$879,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $703,200 | $703,200 | $703,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,930 | $1,930 | $1,930 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,721 | $4,104 | $5,746 |
| Total Monthly Payment | $5,743 | $6,126 | $7,768 |
* 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.