Welcome to the enchanting Sturtevant Bay, a place rich in natural beauty. According to history books, the Sturtevant's, descendants of the Mayflower, first settled near Squam Lake in 1783 after journeying from Plymouth Plantation. Fast forward to 1962, when this mid-modern cottage was erected on the eastern shores of the bay, taking advantage of western exposure and breathtaking sunsets. Today, this charming cottage is seeking a new steward, offering a unique and rare opportunity for the discerning Squam buyer. Nestled on a 1-acre lot, the property boasts 105 feet of pristine lake frontage, a beach, a drilled well, and a detached garage. Recent updates include a new septic design, a new dock permit, and approved Shore land Permits for potential new construction. This property provides flexibility as the existing structure can be updated or replaced using the same footprint, which is just steps from the lake. The sale includes two lots, offering ample room for growth and expansion, making it an extraordinary opportunity for ownership on legendary Squam Lake. Don’t miss your chance to own a piece of history and create new memories in this lakeside cottage.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,599,200 | $1,599,200 | $1,599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,336 | $1,336 | $1,336 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,206 | $10,108 | $13,495 |
Total Monthly Payment | $10,667 | $11,569 | $14,956 |
* 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.