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Traditional rustic lakefront cottage located towards the end of Owls Point Road with the sought-after southwest exposure. This 912 sq ft cottage has several recent upgrades and features an attached 14' x 8' attached screen porch with interior access from a slider in the dining area. Step into the open concept kitchen, dining, and living room with a vaulted trussed ceiling. The bedrooms and full bath are at the west end of this one level ranch style cottage. Warm oakwood floors extend throughout. Step out of the living room onto the tree-shaded 420 sq ft wrap-around deck, and enjoy wide views across Merrymeeting Lake. A sloping path leads to the 300 sq ft sunny lakeside cedar deck, where you may enjoy boating, swimming and open views across the lake to nearby hills and sunsets. The cottage is situated on a 42' x 18' cement block foundation with a walk-in level access door to the unfinished partial basement. A seasonal water supply for the cottage is drawn from the lake with the pump, water pressure tank, and electric water heater secured in the basement. Upgrades since 2014 include new windows, metal roof, vinyl siding, screened porch, composite decking, and upgraded wiring. You may find this low maintenance cottage the ideal 3-season lake home in a very natural and private setting. Move in and enjoy this furnished cottage, excluding personal items, this summer. Sign on Property! Shown by Appointment!
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William Raveis Real Estate
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NMLS Mortgage Loan Originator ID 81725
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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 | $748,000 | $748,000 | $748,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $867 | $867 | $867 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,247 | $4,606 | $6,312 |
| Total Monthly Payment | $5,206 | $5,565 | $7,271 |
* 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.