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Investor Special – Lakefront Opportunity on Lake Nettie! This property is being sold AS-IS and will require extensive repairs, making it ideal for investors, builders, or buyers seeking a full renovation project. Dual water views with direct frontage on Lake Nettie and scenic views of East Crooked Lake. This property is situated on approximately 1. 87 acres with direct lake frontage, this unique property FEATURES TWO SEPARATE DWELLINGS and offers exceptional potential for redevelopment, multigenerational living, or income-producing use. The MAIN RESIDENCE is a ranch-style home offering 2, 752 square feet, 3 bedrooms, and 3 bathrooms, with a spacious layout and tile flooring throughout. The GUEST HOUSE is 819 square feet, built in 2000, includes 1 bedroom, 1. 5 bathrooms, and will be delivered vacant at closing. The property includes a private in-ground pool, a large open dock ideal for boating, and expansive outdoor space with mature landscaping. Elevated positioning provides scenic lake views and added privacy. No HOA.
2024 Roof and ONE HVAC for the main home was recently replaced, second HVAC reported to be in working condition; exact ages are unknown. Buyer to verify all information and conduct due diligence. Conveniently located near shopping, dining, and local amenities, this is a rare opportunity to secure a sizable lakefront parcel with significant upside potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$590,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $472,000 | $472,000 | $472,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.398% | 5.710% |
| Monthly Tax Payment | $1,126 | $1,126 | $1,126 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,792 | $2,906 | $3,854 |
| Total Monthly Payment | $4,010 | $4,124 | $5,072 |
* 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.