This beautifully appointed, meticulously maintained lakeside home is the crown jewel of Silver Island Way. Finding true waterfront on a lake in a 55+ community is rare, but this unique custom-built home, set back from the road on a peninsula, stands alone. This intimate, carefully designed and quiet development began in 2006. This is the only home in Silver Island built for depth rather than width, which beautifully places the back of the house with water on 3 sides, allowing water views from almost every room in the house. 3 floors of windows let in magnificent lake light. From the house, down a gradual 5 foot slope, is the point of the peninsula. A large, protected conservation area providing the owners of this special home with the largest open space in the development. The current owners have made many recent upgrades in this already impressive home. They created a high-end kitchen. Then added a 2-person elevator from the first floor to the 2nd floor master suite, where sparkling hardwood floors were installed. Also added were a third bedroom and full bath in the stunning, walkout finished basement, which includes a sauna. Your favorite spot will be the huge, 3 season, enclosed porch with mahogany deck floors. The HVAC and hot water systems have been upgraded and replaced, a sprinkler system added, plus master bath improvements. There is a new driveway, a gasoline generator and a removable dock! Watch the swans and eagles, kayak or go fishing in this peaceful oasis. Comfort height toilets in primary bath and half bath.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Full Bath,Hardwood Floor | 12.0 x 11.0 | Main |
Bedroom 2 | 11.0 x 13.0 | Lower | |
Den | 12.0 x 30.0 | Upper | |
Dining Room | Sliders,Hardwood Floor | 9.0 x 17.0 | Main |
Kitchen | Granite Counters,Island,Hardwood Floor | 15.0 x 17.0 | Main |
Living Room | Gas Log Fireplace,Hardwood Floor | 16.0 x 26.0 | Main |
Primary Bedroom | Dressing Room,Full Bath,Stall Shower,Whirlpool Tub,Walk-In Closet,Hardwood Floor | 18.0 x 30.0 | Upper |
Rec/Play Room | Dry Bar,Full Bath,Steam/Sauna,Patio/Terrace,Sliders,Laminate Floor | 22.0 x 24.0 | Lower |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,920 | $599,920 | $599,920 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $839 | $839 | $839 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,991 | $3,987 | $5,059 |
Total Monthly Payment | $4,922 | $4,918 | $5,990 |
* 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.