Price improvement! Welcome to 70 Aloma Road situate on 2. 75 acres (4 individual lots) on beautiful Balch Lake. Lot 1 is a 3-bedroom 2-bath home boasting a beautiful, updated kitchen with granite counter tops and center island with lots of storage, a spacious living room with a new wood stove and newly lined chimney. First floor custom tiled bathroom with tiled shower with rain & standard shower head. 1st floor master bedroom has a sliding glass door leading to your private deck with an outdoor kitchen complete with gas fired Wok overlooking Balch Lake. 2nd Story is a 20x 20 multipurpose room with 1/4 bath. Basement is staged as workshop, drive in garage door access. Lot 2 is a . 70-acre undeveloped building lot next to the main house ready to build your own project. Included on lot 3 is a 40'x50' two story auto repair shop with automotive lift, tire machine and air compressor, second story is plumbed with compressed air/electric and was used as woodworking shop. Lot 4 has a 40'x80' steel storage building with 16' high ceilings, dual entrance 12’ garage doors capable of storing 20 to 25 cars or numerous boats, or your full-size motor home. This 2. 75-acre oasis is situated next to a non-buildable state-owned wooded property. This is a must-see home has lake access to pristine Balch Lake your private community boat launch complete with Docks just a minutes' walk away.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $663,200 | $663,200 | $663,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $449 | $449 | $449 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,818 | $4,192 | $5,596 |
Total Monthly Payment | $4,359 | $4,733 | $6,137 |
* 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.