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*****HIGHEST & BEST OFFERS ARE DUE BY 5pm ON MONDAY 4/14**** Experience lakefront living at its finest in this direct waterfront Ranch on beautiful Lake Forest! Currently rented as a 5-bedroom home through 6/30/26, this versatile property can easily be converted back to a 3- or 4-bedroom layout. The main level features an eat-in kitchen with a breakfast bar and dining space, plus a spacious living room with a fireplace and slider to a deck overlooking the lake-currently used as a bedroom. Two generous bedrooms and a full bath complete this level. The finished lower level offers even more space with a second eat-in kitchen, a cozy family room with a fireplace and slider to a large lakeside patio, two additional bedrooms, and a full bath. An attached two-car garage provides convenience, while direct water access makes this home perfect for paddle boarding, kayaking, or enjoying a lakeside firepit. As an added bonus, this property can also be sold with adjoining parcel which is an approved . 17-acre building lot, offering endless possibilities. Don't miss this rare waterfront opportunity!
Type | Description | Level |
---|---|---|
Bedroom 1 | Ceiling Fan,Hardwood Floor | Main |
Bedroom 2 | Ceiling Fan,Hardwood Floor | Main |
Bedroom 3 | Ceiling Fan,Laminate Floor | Lower |
Bedroom 4 | Ceiling Fan,Laminate Floor | Lower |
Eat-In Kitchen | Dining Area,Double-Sink,Laminate Floor | Main |
Eat-In Kitchen | Breakfast Bar,Double-Sink,Laundry Hookup,Pantry | Lower |
Full Bath | Tub w/Shower,Laminate Floor | Main |
Full Bath | Stall Shower,Laminate Floor | Lower |
Living Room | Fireplace,Sliders,Tile Floor | Lower |
Primary Bedroom | Ceiling Fan,Fireplace,Sliders,Laminate Floor | Main |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $398,400 | $398,400 | $398,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.108% | 7.154% | 6.248% |
Monthly Tax Payment | $748 | $748 | $748 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,518 | $2,648 | $3,360 |
Total Monthly Payment | $3,341 | $3,471 | $4,183 |
* 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.