Schedule to see this quaint cabin on Broadway Lake! Whether you are looking for a weekend get away or to Air BNB this one has so much potential! You will love the close proximity to the water and that it comes with not only a boat house but 2 platform docks! The cathedral ceiling and open concept studio style layout have a spacious and versatile interior, allowing for personalized design touches. Note some pictures have been virtually staged for ideas. The screen porch just may be your favorite place and used the most. It spans the entire length of house! Here you or your guest can catch a breeze, indulge in a leisurely nap, sleep the night and savor that first cup of coffee. With 82 feet of water frontage you have a wide span to enjoy the boaters, fishermen and ducks passing by when you are not on the lake yourself. Broadway Lake is 300 acres and came to be around 1940. The kitchen possibly has the original wood cabinets that add charm and storage. The bathroom has the original tub that could be reglazed if needed. A stone fire place with massive fire-dogs command your attention and is the focal point of the room. This will most likely need to be a cash sale as it is unlikely to qualify for a loan. No heat or air. Sold AS IS. Buyer should be prepared for some restoration work to bring this place back to life again so as to achieve its fullest potential. Schedule your showing and come experience cabin life on Broadway Lake!
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NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $194,399 | $194,399 | $194,399 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $96 | $96 | $96 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,181 | $1,181 | $1,536 |
Total Monthly Payment | $1,352 | $1,352 | $1,707 |
* 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.