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If you dream of a owning a family lake compound or an income producing property this may be your dream come true! This unique opportunity boasts 2 houses, 3 separate living areas, a storage buiding, a covered bridge, and a double RV hanger on almost an acre of land. The property is separated into 3 different lots with separate tax map numbers. so it could easily be divided. It has a ranch style cottage that sleeps 6 upstairs, with a basement apartment that also sleeps 6. On the same property is a log house that currently sleeps 2 but could be reconfigured to accommodate more. The double RV/boat hanger with 30 and 50 amp circuits has secure storage space underneath. On the property there is a charming covered bridge/carport with a decorative water wheel on the side. The covered bridge has been used to host holiday dinners, and even a wedding ceremony! Walk down the wide concrete path to the 2 story dock with shade canopy and covered boat slip. Enjoy the sunny days floating in the water and the beautiful sunsets from your quiet cove. The entire property has 4 bedrooms and 4 baths, 3 living areas, 3 kitchens and 3 laundry areas. It will be sold FURNISHED and with the boat/kayaks/water toys included. Some other features include an invisible dog fence, a garden/tool shed, a fire pit, dart board, and a covered barbecue area. The log house has 2 large screened porches that look directly onto the lake with breathtaking water views. It also has a built in stone smoker/pizza oven. Inside there is a huge double sided stone fireplace that anchors the center of the home and provides an opportunity to sit by the fireplace in all the rooms in the house. This home was built with reclaimed wood from one of the area textile mills. It boasts an open floor plan and has a loft style bedroom, 2 baths, and a living , dining , kitchen and laundry. Under this house is another large storage area. The second house is a cottage and it has been completely remodeled and has a large covered porch, open floor plan with 2 bedrooms and a full bath. The basement apartment has a "tiki hut" theme with its cedar walls, built in bar, and is whimsically decorated. This area was remodeled with 2 built in bunks, a new full bath and a full bedroom. . The parking area will accommodate 8 to 10 cars. An opportunity like this doesn't come along very often. You have to see it to appreciate it! Schedule a showing today!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.848% | 6.613% | 6.560% |
Monthly Tax Payment | $381 | $381 | $381 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,618 | $4,804 | $6,568 |
Total Monthly Payment | $5,091 | $5,277 | $7,041 |
* 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.