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Perched above the water with expansive, unobstructed lake views, this charming two bedroom, one-bath lake cottage offers the best of lake living. Town records show 707 sq. ft. but with the additional enclosed porch it lives like an~1100 sq. ft. home. Large windows create the feeling of living on the lake, offering front-row views of swans, roaming wildlife, and ever- changing seasonal scenery-from skaters gliding across the frozen lake in winter to kayaking and fishing all summer and New England's spectacular fall foliage. The beach, with kayak storage and floating dock is at the bottom of the street- lake association membership is optional. Inside, the spacious primary bedroom is surprising with it size, large closet and a walk up attic for potential future expansion or great storage. The original stone fireplace adds character to the living room. The floors have been redone, the interior was painted, and baseboards added. Set on a rare- for the area, flat lot, the property offers ideal space for outdoor enjoyment and flexibility for future expansion or rebuilding. Yard boundaries are the railroad ties and stone wall past the big tree; the driveway side is the step. Many recent upgrades, include updated electric, a new heat pump and ductwork, repaved driveway and more. Located in a tight-knit community known for neighborhood gatherings and its own music festival. Rainbow Lake offers a unique blend of charm, nature, and connection with close by Town open space for hiking Optional Lake association membership (~$350/year) Shared Driveway-#6, 10, 12.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Hardwood Floor | Main | |
| Kitchen | Breakfast Bar,Vinyl Floor | Main | |
| Living Room | Fireplace,Hardwood Floor | 11.1 x 17.8 | Main |
| Primary Bedroom | Walk-In Closet,Hardwood Floor | 10.7 x 17.7 | Main |
| Sun Room | Dining Area,Sliders,Wall/Wall Carpet | 10.0 x 35.0 | Main |
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Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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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 | $396,000 | $396,000 | $396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $557 | $557 | $557 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,438 | $2,500 | $3,288 |
| Total Monthly Payment | $3,070 | $3,132 | $3,920 |
* 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.