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Welcome to 3550 Princess Pond Road, a custom-built log home on the Big Waters of Lake Marion. Crafted using the traditional Swedish coping technique with 9-inch solid spruce logs, this home offers a unique blend of rustic charm and modern luxury. Inside, you'll find custom log stairs from Michigan, stunning live-edge granite countertops from Texas, and a fireplace mantle with history, sourced from the San Juan Forest fire. The custom Cypress cabinets and a bar on the screened-in back porch create a perfect space for entertaining. Relax in the brand-new inground swimming pool, soak in the hot tub, or enjoy the serene lake views from your private dock. The master suite on the second floor boasts a spacious walk-in closet, a luxurious bathroom with a walk-in shower, and a classic clawfoottub. Two additional bedrooms offer plenty of space, complemented by a beautifully designed bathroom with granite finishes and a walk-in shower. A detached garage with a full bathroom adds potential for additional living space, making this home versatile and inviting. Currently a successful vacation rental, this property generates over $100, 000 in annual revenue, making it an exceptional investment opportunity or your dream lakeside retreat.
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Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.751% | 6.666% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,295 | $6,634 | $9,025 |
Total Monthly Payment | $6,420 | $6,759 | $9,150 |
* 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.