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3. 50 OPEN ACRES WITH SEASONAL LAKE VIEW! NATURE'S BEAUTY ABOUNDS in the Timberlake Community featuring 4 separate lakes along the winding wooded roads of at least 1 acre home sites, and also situated near tranquil Lake Bowen. This Charming Ranch -Style home features split-plan bedrooms and spacious Greatroom (22'x18") with Rock Fireplace (featuring gas logs), perfect for entertaining guests! The HUGE Primary Bedroom includes 2 large walk-in Closets and large Ensuite with a separate Shower & and Soaking Tub that the lady of the house will especially enjoy! Interior has several freshly painted rooms with New Flooring (THERE IS NO CARPETING IN THIS HOME!). The Kitchen has plentiful cabinets with ample counter space and storage, with a large, impressive Laundry Room with deep sink and accommodation for a "top of line" sized Washer & Dryer plus a separate Office or Butler's Pantry, and Dining Room featuring a Bay Window! The over-sized 2-Car Garage (over 600 Sq Ft) features a Workbench and lots of storage. The 33'x25' Quonset Hut Styled Workshop (power & water) features a roll-up door and a Service Door! The Acreage has several young fruit trees of different varieties, and plenty of space for gardening! Horses are also allowed in the Timberlake Community (this land would be perfect for Horses)! "Lake 3- Timberlake" is actually owned by all of the property owners around this lake (back property lines are approximately in the middle of the lake). Lake restrictions do not allow gasoline powered watercraft, but do allow electric powered boats plus canoes, kayaks, and paddle boats and also allows fishing and swimming. The Timberlake Community has a Picnic Area with a dock for Swimming on this lake! There is also another Neighborhood Area for playing basketball and tennis.
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Our Executive Mortgage Banker:
$427,500
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 | $342,000 | $342,000 | $342,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.603% | 5.952% |
| Monthly Tax Payment | $207 | $207 | $207 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,048 | $2,159 | $2,840 |
| Total Monthly Payment | $2,330 | $2,441 | $3,122 |
* 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.