Under contract-accepting backup offers. DOUBLE LOT ON OPEN WATER! Discover a unique chance to own this expansive waterfront property featuring two lots: Lot 11 & Lot 12 (1951 & 1953 ARROWHEAD DR NE) Situated on Lot 11 is a beautifully renovated home offering 2, 800 sq ft of heated living space, plus an additional 500 sq ft BONUS ROOM. This impressive residence includes 4 bedrooms, 3 full baths, and a 4plus-car garage. As you step inside you will be delighted to see 10ft ceilings with gorgeous tongue & groove wood along with Board and Batten on the walls for that elegant coastal feel. The kitchen features quartzite countertops, solid wood cabinets, Stainless Steel Kitchen Aide appliances, a pantry with pull-out shelves, and an island with a cooktop overlooking the water and living areas. There are custom draperies in the living area and plantation shutters on all windows. The primary suite is rather large and has a ensuite bath with whirlpool tub, large walk in shower, dual vanities and huge walk-in closet. Elevated for added protection, the flood insurance cost is only $1, 400 annually and assumable. Some of the features include a NEW standing seam roof (2023), NEW seawall (2022), NEW dock (2022), 2 NEW 10k lb. boat lifts (2022). NEW INSIDE RENOVATION COMPLETED (2021), NEW EXTERIOR & INTERIOR PAINT (2021 INT & 2023 EXT). Enjoy the spacious yard, perfect for hosting gatherings under the large TIKI HUT or on the adjacent vacant lot. The entire property has been fenced with decorative aluminum fencing that will stand the test of time. LOT 12 offers endless possibilities: develop it - build a guest house and a pool, subdivide for an additional home or income property, or simply relish in one of the largest waterfront yards on Arrowhead. With a combined area exceeding 15, 000 sq ft (0. 36 acres), this property represents a dream opportunity for waterfront living. Imagine living on the water with amazing sunrises and sunsets everyday!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,400,000 | $2,400,000 | $2,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $1,106 | $1,106 | $1,106 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,583 | $14,583 | $20,253 |
Total Monthly Payment | $15,814 | $15,814 | $21,484 |
* 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.