A PICTURE-PERFECT "TOTALLY RENOVATED" WATERFRONT VACATION OR YEAR-ROUND HOME!- $999, 900. Welcome to Cedar Lake. . . a highly sought after private lake community with many upscale homes on the Wolcott/Bristol line where waterfront properties rarely come available. This home boasts of one the best lakeside locations and sits smack in the middle of long-vista lake views in every direction. The property offers over 2, 000 sq ft, an open living room with a stone fireplace, cherrywood floors, and adjoining dining room with over 20' of glass-sliders that open onto a 36' lake front deck spanning the width of the home. The galley kitchen offers plenty of quality cabinetry, gas range, DW, and stainless-steel refrigerator. The Master bedroom suite is the entire 2nd floor with full water views in every direction plus your own private balcony and private bathroom. The lower-level serves as the ultimate guest quarters with a fireplace and "bunk-room" that will sleep up to 10 people with 18' of glass sliders looking directly at the water that opens onto a private boardwalk to the Boat Dock! A detached 2-car garage that's been redone including a separate 100- amp electric meter which doubles as a music studio, man cave, or even future expandable guest house if you wanted more space. Everything is new! New central A/C, new decks, new roof, new siding, new oil tank, new electrical, new washer/dryer, new guest refrigerator, freshly painted and decorated like a model(furniture is new and negotiable, plus a 2023 Sea Doo Switch 18' Pontoon boat. . . all negotiable) this is a turn-key waterfront dream home that can easily convert to 3 bedrooms, Plenty of guest parking, 200' private driveway that leads to mature trees, lake breezes and a lifestyle most people dream of Cedar lake is spring fed, stocked yearly and welcomes motorized boating, fishing, swimming, skiing, kayaking, and winter activities. The Cedar Lake Owners Assn is only $650 annually and includes a 4thof July fireworks STAIRS SOLUTION ? Seller is a developer/contractor and if he keeps the lake house plans on installing an $25, 000 electric tram car called a "funicular " that will take you up and down the stairs at the push of a button or give a credit for new owners at full asking price only. see photo simulation. Property is being sold as is.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | 23.0 x 12.0 | Lower | |
Dining Room | 16.0 x 7.0 | Main | |
Family Room | 14.0 x 10.0 | Lower | |
Living Room | 20.0 x 15.0 | Main | |
Primary Bedroom | Remodeled | 26.0 x 24.0 | Upper |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,920 | $799,920 | $799,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $538 | $538 | $538 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,479 | $4,860 | $6,589 |
Total Monthly Payment | $5,109 | $5,490 | $7,219 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.