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Pawtuckaway Lake deeded access, boat ramp, beach, dock (subj to availability) are all just steps away. This parcel does not have direct lake frontage, but has 1/33 deeded ownership in private community beach & boat ramp. Partial lake view thru woods. Location is amazing w/ lake access for year round adventure. Private community beach area is shared by a small number of people, there is often happy hour at 5pm, a swim platform, storage for kayaks, canoes, etc, sandy beach entry great for young & old on a quiet peaceful cove, which opens to 980 acre lake. Small wooded lot abuts large conservation parcel to the rear. Town setbacks for this grandfathered lake area lot 20 feet on all sides (should accommodate a house up to 60 wide). Gentle downward slope may accommodate a walk out or garage under. Road is gravel, town maintained, will likely never be paved, many others live here year round, some have dirty cars. On site well & septic will be need to be designed & installed by buyer. There are some old deeded covenants which do not permit campers, quanset huts, livestock, etc. There will very likely be a waiting list for a dock, but boat launch is just steps away as well. Private location in small friendly lake front community, about 3/4 mile down a long & winding road. About 1 mile to 5000 acre Pawtcukaway Lake State Park, about 1. 5 miles to shopping, restaurants & conveniences, about 2 miles to rte 101 exit 5. Please make appointment, limited parking right at lot.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $151,920 | $151,920 | $151,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $960 | $998 | $1,272 |
Total Monthly Payment | $1,035 | $1,073 | $1,347 |
* 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.