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Three Bedrooms plus loft: Bring your paddleboard and powerboat, start building lifetime memories. This West-facing lakefront escape is set on a quiet cove on the Northeast corner of Candlewood Lake - a perfect setting for entertainment and relaxation, complete with breathtaking sunsets all year. Rebuilt in 2001 and recently upgraded with meticulous care, the contemporary design includes an open floorplan that seamlessly integrates lake views and summer breezes. No attention to detail has been overlooked: New windows, central air (all updated mechanicals), refinished floors, and a finished loft provide the modern comforts desired from a vacation home. With limited marina access on the lake, this private dock is among those highly coveted. Located on a quiet no-wake cove, docking and swimming is among the most desirable on Candlewood Lake. This property also features a generous, grassy yard perfect for lakeside gatherings - completing all that one would seek from a waterfront retreat. The new extensive stonework from the parking area to the wrap-around patio are finished with the outdoor fireplace and pergola, which complete the indoor/outdoor flow. Hardie Board siding and new roof finish the renovation for enduring style and minimal maintenance. Candlewood Lake's distinctive hills and elevation offer a picturesque backdrop that feels a world away, yet you're only 90 minutes from Manhattan. In addition to the peace and sunshine, you may enjoy consistent rental income from loyal returning vacationers. Permit pending to convert the 2nd bathroom to a full bathroom with a stall shower. Please note - like many homes on Candlewood that have been built into the hillside, the parking area is up a flight of new stone steps. (The driveway along the side of the house which leads to the community swim area can be used for unloading the car before parking up in the private parking area)
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Hardwood Floor | Upper |
| Full Bath | Upper | |
| Half Bath | Upper | |
| Kitchen | Breakfast Bar,Quartz Counters,Hardwood Floor | Main |
| Living Room | Remodeled,Patio/Terrace,Hardwood Floor | Main |
| Loft | Engineered Wood Floor | Other |
| Other | Upper | |
| Primary Bedroom | Engineered Wood Floor | Upper |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $951,200 | $951,200 | $951,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $890 | $890 | $890 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,326 | $5,780 | $7,963 |
| Total Monthly Payment | $6,341 | $6,795 | $8,978 |
* 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.