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Highest and Best by 5/6 @9am. Welcome to your lakeside escape on beautiful Lake Zoar in Sandy Hook, CT-where serenity meets opportunity. This fully renovated 608 sq ft cottage (304 sq ft upper and lower levels) offers the perfect blend of charm, modern updates, and income potential. Nestled along the water's edge, this turnkey retreat was thoughtfully renovated just two years ago, featuring updated finishes throughout and a recently replaced main electrical meter panel for added peace of mind. Whether you're enjoying your morning coffee overlooking the lake or unwinding after a day on the water, this home delivers a truly tranquil setting. Currently operating as a successful short-term rental, the property presents a proven income-producing opportunity for investors, while also being ideal as a primary residence, weekend getaway, or vacation home. The efficient layout maximizes every square foot, offering cozy yet functional living spaces designed for comfort and relaxation. Outdoor enthusiasts will appreciate direct access to Lake Zoar for kayaking, fishing, and boating, all while being conveniently located near local shops, dining, and major commuter routes. Whether you're looking to invest, escape, or settle into a peaceful waterfront lifestyle, this unique property offers it all. Dock shown in aerial photography belongs to neighboring property and is not included in the sale. Select furnishings and personal property may be available for purchase separately. Surveillance on the exterior premises of the property.
| Type | Level |
|---|---|
| Dining Room | Main |
| Living Room | Main |
| Primary Bedroom | Lower |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.520.1925
Laurie.Berger@raveis.com
NMLS Mortgage Loan Originator ID 12578
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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 | $236,000 | $236,000 | $236,000 |
| 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% | 6.512% | 5.866% |
| Monthly Tax Payment | $490 | $490 | $490 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,413 | $1,472 | $1,944 |
| Total Monthly Payment | $1,978 | $2,037 | $2,509 |
* 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.