YOU ARE READING CORRECTLY. . . THE NEW PRICE REDUCED BY OVER $38, 000! The ice is out, the dock is in. Start using this year-round home on Back Lake this summer. Home comes furnished so you can stay right after closing. Setting in the quietest section of the lake off Spooner Road, here is your opportunity to purchase waterfront. Enjoy activities year-round; whether boating, fishing, riding your ATV or hitting the snowmobile trails and finishing the evening by riding across the lake to the Rainbow Grille for dinner. A tree line on both sides of the parcel allows for privacy. The best place to sit & relax in the summer is on the deck hanging over the water's edge. The "L" shape 30' aluminum dock is perfect for parking your boat & easily accessing the lake. Paddle boat included. A garage to store all the toys, woodstove for heat to comfortably achieve projects out there. Inside the house is finished in the warmth of pine, bright and open with high vaulted ceilings. Convenient & spacious mudroom with closets upon entering. Kitchen offers lots of cabinets, oversized breakfast bar, hearth with woodstove, opened to the dining / living room area, all overlooking beautiful views the lake. Two bedrooms and a full bath with laundry. Worry free standby generator has been installed. New architectural shingle roof done in 2023. With all this property offers, it has great potential as a rental for when you are not using. Waterfront properties are so scarce to the market, don't pass this up!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $496,720 | $496,720 | $496,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.518% |
Monthly Tax Payment | $430 | $430 | $430 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,389 | $3,301 | $4,259 |
Total Monthly Payment | $3,911 | $3,823 | $4,781 |
* 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.