The perfect opportunity for convenient, yet private, mountain living, or an income producing investment! This log home, thoughtfully situated above Lake Lanier and mere minutes from both Tryon and Landrum, has been used as a functioning retreat facility and could seamlessly continue to serve that purpose or as a rental property for the area's ever increasing popularity. It would also make a great home for anyone looking for privacy while maintaining a sense of convenience. This property is also tailored to those with an appreciation of its natural surroundings, with its extensive outdoor living amenities such as an expansive deck space, large covered porch, covered and uncovered patio and outdoor fire pit. Properties that are able to serve such a wide amount of potential use cases and that are able to balance the location preferences of privacy and convenience of location do not come around often so don't wait! Schedule your showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$560,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
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 | $448,000 | $448,000 | $448,000 |
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 | $631 | $631 | $631 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,722 | $2,722 | $3,540 |
Total Monthly Payment | $3,445 | $3,445 | $4,263 |
* 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.