Spectacular Lake COMPOUND investment property with owner financing. Extremely unique custom main house built in 2005 with a 2nd house which has 2 separate living areas along with a 4 car garage and caretaker apartment above. You will be blown away with the extravagant features. Box beamed ceilings, stone fireplace, incredible triple spiral staircase, sub zero & Viking appliances, walk in butler pantry. Enormous granite island with breathtaking lake views facing West to watch the magical sunsets. Opulent master suite is like no other with double sided fireplace, large deck, living room or office and insane custom closet with built cabinetry. Walk out lower level is an entertainment mecca with bar, surround sound large screen movie theatre, living room with pellet stove, full bath, walk out to patio with awning overlooking 125 ft of private lake shore with docks. Surround sound system lets you pipe in music everywhere for any occasion. Be the envy of all your friends and feel like you are on vacation everyday. This one of a kind flexible retreat could be used as accommodating large groups or take advantage of the long or short term rental opportunities. This is two separate residents on separate deeds being sold as a package with the shared driveway. 261 is currently being rented month to month, Long term tenant is willing to stay. Plus a Caretaker apartment. Audio/Video Camera's living room & exterior. Buyer to do due diligence on rental options for caretaker apartment. 261 year built 1936 with a new Foundation in 2005.
Type | Description | Level |
---|---|---|
Bedroom 1 | Upper | |
Bedroom 2 | Upper | |
Bedroom 3 | Lower | |
Bedroom 4 | Lower | |
Bedroom 5 | Main | |
Dining Room | Main | |
Living Room | Main | |
Primary Bedroom | Bedroom Suite,Built-Ins,Fireplace,Full Bath,Walk-In Closet | Upper |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,013 | $1,013 | $1,013 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,993 | $10,980 | $14,733 |
Total Monthly Payment | $11,131 | $12,118 | $15,871 |
* 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.