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Take a look at this Beautiful DIRECT LAKEFRONT Lake Keowee Cottage! This cottage is move-in-ready, has FULL-TIME capacity, comes with the majority of the furniture, golf cart, new HVAC, large waterfront yard space, a finished loft, hardwood floors and more! A new stainless refrigerator, oven and built-in microwave have all just been installed! If you are looking for a low maintenance retreat, full time residence or a lakefront getaway, this is it! Cottage 74 is a must see. A direct waterfront cottage, at this price, with over 1, 100 square feet, a finished loft, full-time capacity and no lakeview obstructions is very rare. The cottage is only steps away from the lakefront walking path that goes around the neighborhood peninsula. This established community offers many amenities. They include a fabulous lakefront lodge and swimming pool, marina, beach, renovated fitness center, walking trails and more. There is no HOA. Cottage owners own their cottages and lease the land. This is how Backwater Landing has the most luxurious and affordable Lake Keowee living on Lake Keowee. There is a monthly regime that includes landscaping maintenance, private gated community, gates up keeping, sewer, trash service, pool, clubhouse, walking trails, fitness center, lighting and more. This is a private gated community. The gate is monitored with no public access. Entry requires agent representation. No rentals allowed less than a 12-month term. A modified tax structure adds to the savings of this remarkable Lake Keowee cottage. Please ask about the land lease, boat slip rentals, and further details as the developer anticipates thirty new boat slips very soon! Schedule your private tour today.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $387,200 | $387,200 | $387,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.046% |
Monthly Tax Payment | $100 | $100 | $100 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,416 | $2,544 | $3,215 |
Total Monthly Payment | $2,591 | $2,719 | $3,390 |
* 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.