Here is a rare opportunity to own a 2 bedroom, 2 bath condo at Paugus Bay Condominium Suites that offers outstanding rental flexibility and a view of the lake. With 2 separate entrances, this property provides numerous possibilities. Rent both sides individually, stay in one side and rent the other, or rent as 1 spacious family-sized unit. The main 1-bedroom side features an open concept design with a full kitchen, dining, and living area. Large sliders leading out to a private balcony, perfect for enjoying sunsets over the water. The bedroom is generously sized with a queen bed and trundle bed if needed, while the full bath includes double sinks and granite countertops. The studio side includes a kitchenette, seating area, queen bed, and another full bath with granite counters. This space is ideal for quests or as the additional rental option, and they come tastefully furnished. Enjoy the association amenities that include a new pool, furnished patio area with gas grills, an indoor common area lounge with kitchenette, and onsite laundry. As a Gilford property own you have beach rights to the beautiful large town beach and town boat launch just a short distance away. The condo fee covers all utilities, including heat, air, electric, TV, internet, water/sewer. This cannot be used as a primary residence, and sorry no pets allowed. Currently managed with a local rental service with the option to continue with. Bring your boat or snowmobile trailer as there is parking for those.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $231,200 | $231,200 | $231,200 |
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 | $149 | $149 | $149 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,405 | $1,405 | $1,827 |
Total Monthly Payment | $1,629 | $1,629 | $2,051 |
* 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.