Own your own private 50 feet of waterfront on Little Island Pond. Little Island is a private full recreational POND, NO public access, 160 acres and about a mile across. Enjoy southern exposure swimming at the water font or swim at the community sandy beach. There is also a community boat ramp! The cottage has a NEW 30 foot docking system plus 2 EZ Port Free Floating Jet Ski Dock. (all docks were purchased in 2023) 2 Jet Skis and 20-foot pontoon Boat are negotiable. A lot of the hard work has been done! 15 Trees were removed, and fill brought in for a BRAND-NEW CLEAN SOLUTION SEPTIC SYSTEM with a concrete slab over the system for easy parking. The cottage also has a NEW DRILLED WELL 380 FEET DEEP. BOTH INSTALLED IN 2023. Survey with lot boundaries also completed in 2023. Some new plumbing and electrical was installed in the cottage as well. This cottage has all the original woodwork, perfect for a summer retreat. Currently a seasonal property, no heat. Sold as IS. Can be converted to year-round because of state approved septic and well. Will need upgraded insulation, electrical and heat. Limited financing
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | 10.0 x 10.0 | First | |
Bedroom 3 | 10.0 x 10.0 | First | |
Kitchen | 8.0 x 14.0 | First | |
Living Room | Cathedral Ceiling(s) | 14.0 x 16.0 | First |
Master Bedroom | 10.0 x 10.0 | First |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $415 | $415 | $415 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,288 | $2,286 | $2,900 |
Total Monthly Payment | $2,778 | $2,776 | $3,390 |
* 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.