This rare Squam Lake offering is a haven for those seeking tranquility, a connection to nature, and a dash of historical charm. Located in the heart of the Lakes Region and situated at the base of the Squam Range, this 4 acre property boasts 335 feet of your own private waterfront in the serenity of Bennett Cove. Included is a main house with garage under, a detached barn with heated workshop, two seasonal cottages and an additional outbuilding. The main house that currently serves as a year-round residence, features an updated kitchen and living room with gorgeous fieldstone fireplace. The barn was recently fitted with solar panels that provide supplemental electricity for the house and is perfect for the storage of vehicles and boats. The two seasonal cottages that were built around the turn of the 20th century are reminiscent of a by-gone era at the lake. Set at the water’s edge, the cottages are currently used for seasonal rental income. Both are constructed from rough sawn timbers and wide pine planking. And with three docks and a swim float, there is plenty of room to accommodate several boats and all your water toys. Whether you decide to continue to use the property as is or transform it into a new venture, it holds the promise of countless cherished memories and experiences at the lake. Seller is a licensed real estate agent.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $6,320,000 | $6,320,000 | $6,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $2,628 | $2,628 | $2,628 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $37,892 | $40,991 | $55,054 |
Total Monthly Payment | $40,645 | $43,744 | $57,807 |
* 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.