Enjoy the opportunity to receive from the seller a $15, 000 cash flex for upgrades or even a boat! Welcome to your dream home on 158 Lake Bowen Drive, where luxury meets tranquility. This custom-built Cape Cod-style estate, designed with impeccable attention to detail, offers breathtaking water views and an array of high-end features. With one meticulous owner, this 5-bedroom, 4. 5-bath home is smoke- and pet-free, ensuring the highest standards of maintenance and care. Enjoy year-round access to Lake Bowen’s scenic beauty from your private dock, perfect for boating, fishing, or simply soaking in the peaceful surroundings. The dock the largest allowed on the lake was recently replaced and features GFI power outlets for convenience, seating for 8, with a lighted ramp. This stunning home was built with energy efficiency in mind, using Structurally Insulated Panels (SIPs) for superior insulation, triple-pane thermal windows, and custom spray-coated sheetrock for durability and a flawless finish. The home’s exterior is based on Southern Living’s popular “Crab-apple Cottage” design, enhanced by professional architects to maximize lake views and create open, spacious living areas. The main floor boasts a spacious master suite with a luxurious en suite bathroom featuring a two-person Jacuzzi, a separate sit-down shower, and twin vanities. The gourmet kitchen offers endless storage with 88 custom cabinets, granite tile countertops, and a large island perfect for meal prep or entertainment. The laundry room was designed for efficiency and comfort, with automatic lighting, an extra-deep sink, and ample storage. Four lazy Susans in the corners maximize storage space. The 1, 502 sqft finished basement offers a perfect combination of recreation and functionality with a full-size slate pool table (included), a cozy office space with a large walk-in closet, and a heated/cooled workshop with ample storage. The upper level features a spacious loft that overlooks the living room, providing additional living space, as well as guest bedrooms with a Jack and Jill bath. Step outside to enjoy the expansive outdoor living areas designed for relaxation and entertainment. Two screened porches with breathtaking lake views, furnished with custom Amish-made outdoor furniture. A large sun deck and a brick-paved rear patio with seating for 15, including a cozy fire pit—ideal for entertaining guests in all seasons. The landscaped yard features a stunning pond with multiple waterfalls and streams, as well as meandering stone pathways lined with low-maintenance plants like ever-blooming azaleas, hydrangeas, and a beautiful mix of mature trees, including oaks, magnolias, and Japanese maples. This home was designed with efficiency and comfort in mind: A state-of-the-art 4-ton heat pump and zone-controlled HVAC system keep the home comfortable year-round, with minimal energy costs. A John Deere 40kw Turbo Diesel generator can power the home for extended periods, offering peace of mind during any power outage. The home is equipped with Wi-Fi-connected systems, smart lighting, and internet-based irrigation. You will LOVE the 2. 5-car garage with space for tools and equipment, a John Deere riding mower (included), and the Workshop with built-in storage for those who love DIY projects or need additional workspace. Don’t miss this once-in-a-lifetime opportunity to own a custom-built lakefront retreat with modern amenities, and with every detail thoughtfully designed for convenience, comfort, and enjoyment. Schedule your private showing today and start living the lakefront life you’ve always dreamed of! ASSUMABLE 3. 25% LOAN: a VA loan principal is $298, 776 with 18 years and 4 months remaining.
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William Raveis Real Estate
Phone: 888.699.8876
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $747,200 | $747,200 | $747,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $203 | $203 | $203 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,846 | $4,784 | $6,560 |
Total Monthly Payment | $5,141 | $5,079 | $6,855 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.