This waterfront property on Newfound Lake is a rare find, boasting a grassy lawn leading down to the water and unobstructed views. The property features pristine frontage with a sandy bottom, perfect for swimming, and a walk-out area to the lake. With 80ft of direct private waterfront, including a rebuilt retaining wall, a 40ft dock, mooring, and mooring plate for a swim raft, this property is ideal for water activities. Enjoy the shallow walk-in entry to the lake and boating on a Summer day. The view of Mayhew Island and the mountains is truly breathtaking, especially during perfect sunsets. The cottage includes 2 bedrooms, 1. 5 baths, a large living room, and a full kitchen. The enclosed porch offers dining and sitting areas with a view, while the oversized deck provides a space to enjoy snacks and direct access to the lake. Updated systems such as a new electric panel, septic system, and mini-split heat/AC system make this property comfortable year-round. The current owner has obtained all necessary permits for rebuilding a new modern home, offering the option to renovate or build a dream home on the lake. Delayed showings begin on 4/20/24.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,215,200 | $1,215,200 | $1,215,200 |
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 | $1,111 | $1,111 | $1,111 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,286 | $7,882 | $10,586 |
Total Monthly Payment | $8,522 | $9,118 | $11,822 |
* 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.