**Investment Opportunity** Large Victorian home brings together old and new. Enjoy the charm of large bay windows, and built-ins with many updates and 3700+ sqft of living space. Desirable location just seconds to Silver Lake Beach and snowmobile trails! Renovations have been started, and updates including new 2024 septic, insulation, heating, siding, drilled well, plumbing and wiring. Property being sold as-is and will need additional renovation/ updated. The main unit has a spacious updated kitchen with stainless appliances and tons of storage! The kitchen opens to a dining area, and formal living area, along with additional large den and a 3/4 bath with laundry. Upstairs you find 3 bright bedrooms, and a bath with a soaking tub. One bedrooms connects to an additional 3/4 bath. The 3/4 bath can be a lock-out, and is the bathroom for the studio Mother-in-law apartment on the 2nd floor of the main house with it's own separate entrance. Additional 1 bedroom apartment with a great deck and bonus loft space over the barn/garage has separate utilities, and it's own private entrance. Bonus garage/barn space for extra storage. Many renovations have been done, just waiting for a new owner to make this into an income property again!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $313 | $313 | $313 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,124 | $2,097 | $2,692 |
Total Monthly Payment | $2,512 | $2,485 | $3,080 |
* 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.