Here's an opportunity to secure yourself a super-quiet, country spot with some acreage, centrally positioned for you to enjoy all our Lakes Region has to offer year round! Only 6 minutes from I93 exit 23 and close to Meredith, Laconia and lakes Winnipesaukee, Waukewan and Winona (35 mins to Gunstock Ski Area). This 3 bedroom, 1 bath rustic cabin includes a large covered porch area and small loft space above. There's a lot a lot of work to be done and it will depend on your plans for the property as to whether it remains. Some will completely renovate/keep it, others might add on and no doubt we will see buyers who choose to remove it (for which we have a quote of $10k) and build new. The land has plenty of spots in the upper, cleared area to consider building on, with the rear of the lot sloping off toward Harper Brook out back - some selective tree clearing to the east would open things up for even more morning sun. Ample room to stash all your gardening, construction and recreation-related gear in the small barn, tool shed and equipment shelter. This property is being sold as-is and buyers should be prepared for some effort to remove tires and other items remaining from prior occupants in a few areas. This is a worthwhile project for someone seeking peace and seclusion, with easy access to the myriad of attractions/activities that we treasure in this part of New Hampshire!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,200 | $159,200 | $159,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $201 | $201 | $201 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,059 | $1,058 | $1,343 |
Total Monthly Payment | $1,335 | $1,334 | $1,619 |
* 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.