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Presented by
Lis Wheeler |
7 Indian Lake Road, Ferndale, NY, 12734 | $299,000
Affordable Lakefront Living- 7 Indian Lake Road is a charming lakefront A-Frame located in an HOA that allows short-term rentals, listed under $300k! The house offers 924sf split between two levels. The main level features a large living room with a laundry area and a separate dining room. The kitchen provides ample cabinet space and has a pantry closet. The bonus room (currently set up as a guest room) offers sweeping views of the lake, access to the back deck, and a full bathroom. The upper-level features two spacious bedrooms with a half bathroom in between them. Out front there is carport with parking for 2-3 vehicles. Spend time relaxing outdoors on the large wrap-around deck, the perfect spot for BBQs and star gazing. Head to the multi-level waterfront deck to try your luck at fishing or sit back and enjoy the serene lake vibes. Explore the lake on a kayak, canoe, or stand-up paddleboard. The HOA offers two beach areas for additional recreation. Currently being used as a profitable Airbnb, the house is move-in ready. It can be sold fully furnished for a turn-key sale. Indian Lake is a friendly and laid-back community, the perfect home away from home. The modest annual dues cover lake maintenance, common area mowing & road snowplowing. The 4-acre spring fed lake is perfect for catch-and release-fishing, swimming, and boating. Nearby attractions include Bethel Woods, Kartrite Indoor Waterpark, Resorts World Catskills, Monster Golf Course, and Holiday Mountain Ski Park. Don’t miss your chance to nab this affordable lake house. Go jump in the lake!
Features
- Amenities: Maintenance Grounds
- Rooms: 8
- Bedrooms: 2
- Baths: 1 full / 1 half
- Laundry: Inside
- Style: A-Frame
- Year Built: 1950
- Heating: Baseboard, Electric
- Cooling: Wall/Window Unit(s)
- Basement: Crawl Space
- Approx Sq. Feet: 924
- Acreage: 0.13
- Est. Taxes: $5,987
- HOA Fee: $750 Annually
- View: Lake
- Water Front: Yes
- Elem. School: Liberty Elementary School
- Middle School: Liberty Middle School
- High School: Liberty High School
- School District: Liberty
- Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
- MLS#: 962647
- Days on Market: 37 days
- Website: https://www.raveis.com
/prop/962647/7indianlakeroad_ferndale_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Lis WheelerSales Associate
413.822.4308
Lis.Wheeler@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Michele WelchVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 293220
413.626.5626
Michele.Welch@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
7 Indian Lake Road, Ferndale, NY, 12734
$299,000
Lis Wheeler
Sales Associate
William Raveis Real Estate
Phone: 413.822.4308
Lis.Wheeler@raveis.com
Michele Welch
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 413.626.5626
Michele.Welch@raveis.com
NMLS Mortgage Loan Originator ID 293220
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $239,200 | $239,200 | $239,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | $499 | $499 | $499 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,415 | $1,492 | $1,954 |
| Total Monthly Payment | $1,989 | $2,066 | $2,528 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535