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This charming 3-bedroom, 1-bath cabin-style home offers a peaceful retreat on the shores of the small private Lake Sterling. Tucked away in a secluded setting, the property provides the perfect balance of nature and convenience, being just a short drive from town. The home features an open floor plan with modern updates, including stainless steel appliances and granite countertops in the kitchen. The primary bedroom boasts brand-new flooring, adding to the home's cozy and inviting feel. Step outside onto the spacious deck overlooking the lake, where you can relax and take in the water view. A private gazebo offers an additional spot to unwind. The lake itself is stocked with catfish, bass, and brim, making it ideal for fishing enthusiasts. Additional features include a 19x8. 8 workshop with extra storage space on the side (approximately 4x7), as well as solar panels for energy efficiency. The property is accessible via a private road shared with only two neighbors, ensuring privacy and tranquility. With its natural beauty, modern touches, and peaceful surroundings, this home is a true lakeside getaway.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $197,600 | $197,600 | $197,600 |
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 | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $38 | $38 | $38 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,233 | $1,298 | $1,654 |
Total Monthly Payment | $1,346 | $1,411 | $1,767 |
* 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.