Motivated Sellers! Still time to enjoy the 2024 season! Tucked on the shores of Bear Island, on the inlet fondly referred to as "French Cove", lies this treasure of an island home. Completely rebuilt in 2008, and pristinely maintained by the owners, this Winnipesaukee cottage feels brand-new. There is beautiful woodwork throughout the interior and large windows bringing in natural sunlight. The open-concept floor plan with kitchen, dining, and living room, is ideal for hosting family and friends. Two spacious bedrooms allow for ample sleeping areas. Recent upgrades to note: a state-approved septic system installed in 2007, exterior of the cottage repainted in 2023, a UV water filtration system installed, and a new 6' X 40' seasonal dock as of 2021. Off the 75' of shorefront, is crystal clear water. With southern exposure, there are beautiful views of Mark island, and beyond. The sun lingers to make for a long day at the lake, perfect for cocktail hour on the dock! On the interior of Bear Island are many walking trails, some of which leading to the well-known St. Johns on the Lake Chapel, offering weekly summer services. All furnishings and appliances will remain with this meticulously maintained cottage, including a washer and dryer, making this completely move-in ready. New lakeside memories and stories awaiting to unfold, will come for some new, and very fortunate, owners.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $552 | $552 | $552 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $3,982 | $5,053 |
Total Monthly Payment | $4,732 | $4,626 | $5,697 |
* 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.