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This charming lakefront cottage is situated on 5/8 of an acre and is the largest lot in Greenwood lakes historic Sanders Ice Cove. Completely renovated in 2022, this cozy retreat has a total of five rooms, including one bedroom and one full bath. The open layout creates a warm and inviting atmosphere with breathtaking lakefront views throughout. The walls, adorned in crisp white paint, enhance the sense of freshness and provide a versatile backdrop for personalization. The property's true charm lies in its lake-front setting, offering a unique and picturesque backdrop. Beyond its natural beauty boasts 38 feet of water frontage on the lake including a 6' x 28' dock. A babbling brook runs through the back of the naturally wooded property which has unlimited potential. This low maintenance cottage serves as a peaceful haven while remaining conveniently accessible to nearby amenities and attractions. Huge potential for Airbnb income revenue producing property. Low taxes and No HOA fees!
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,200 | $439,200 | $439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $450 | $450 | $450 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,849 | $2,885 | $3,677 |
Total Monthly Payment | $3,391 | $3,427 | $4,219 |
* 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.