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Possibly one of the most spectacular locations on Mascoma Lake you'll ever find. The "Lovett Cottage" has not been offered for sale since 1971 and boast direct Southwesterly exposure with 125 feet of private lake frontage. The original cottage built circa 1940 then remodeled and expanded in 2005 with a second floor addition which included a new kitchen, dining room, living room and bedroom/balcony. The house along with an extensive deck and dock system is grandfathered into is current location making it extremely unique and a rare find that will most certainly never be found again. The deck and dock system feel almost like they are vaulted out over the lake. The privacy here is amazing, imagine sitting by the shore on some quiet summer evening, with your feet in the water, sipping on a cool drink, listening to the waves gently slapping the rocky shore line. Nothing else to do but watch the sun slowly setting behind Shaker Mountain while your children or grandchildren are at play. The crackle of the firepit as tales from the past are being spun, and then your the grandchild runs over and whacks you in the face with a sun fish. Look what we caught Grampa! This is not a house, it's a lifetime of memories that we are selling, make them yours, call for a private showing today, you'll be glad you did.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $967 | $967 | $967 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,968 | $4,178 | $5,324 |
Total Monthly Payment | $5,027 | $5,237 | $6,383 |
* 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.