VERY SPECIAL SILVER LAKE OFFERING FOR SALE!! This two-bedroom unit offers an opportunity to live on prestigious Silver Lake, and enjoy the pristine waters for swimming, and includes a deeded boat slip. Ownership is through an LLC in which you become a 25% building owner with exclusive rights to your own unit. This unit features a spacious open living, dining, & kitchen area with maple character wood floors and large windows and sliding glass doors that open onto a 24-foot-long porch overlooking Silver Lake and the mountains. The view is amazing!! The fully applianced kitchen boasts gorgeous hickory cabinets, granite counters, & pebble backsplash. The kitchen is open to the dining area and to a living room with an appealing corner propane fireplace. There are two bedrooms, each with a private bathroom. There is also a half bath in the entrance hall and a laundry closet. The unit is heated and cooled with a forced hot air propane furnace. The total cost of propane in 2023 was $315. 86!! There is rigid insulation between each unit with rolled acoustic cork. The unit is fully sprinkled with a fire suppression system and power is available from a whole building generator if necessary. There is a full basement with a designated lockable room to secure your seasonal belongings. PLUS this property is completely furnished minus a few personal items! This is a great way to spend your vacation time or to live in full time. This is a special property in a stunning location!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $383,200 | $383,200 | $383,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $372 | $372 | $372 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,549 | $2,547 | $3,286 |
Total Monthly Payment | $2,996 | $2,994 | $3,733 |
* 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.