This 3-bedroom, 2-bath manufactured home offers a great opportunity for those looking to invest in a property with potential. The home is likely a tear-down. However, it is currently habitable with some work and offers a functional layout with a working pellet stove to keep things warm and cozy during the cooler months. The kitchen features newer appliances, making it move-in ready for those willing to put in a little effort. The detached 2-car garage (28'x28') is a fantastic feature, equipped with full electrical, garage doors, and additional storage in the loft—ideal for all your outdoor gear or hobby projects. An extra shed provides even more space for storage needs. The property benefits from very low co-op fees of just $150/month, which covers essential services like plowing, road maintenance, water, and trash pickup. You'll enjoy winter access to local snowmobile trails right from your doorstep. The trails lead out to beautiful Lake Winnisquam and ~100 acres of recreation and conservation land in the Chemung State Forest. Situated just minutes from downtown Meredith, Gunstock Ski Resort, and all the dining, shopping, and entertainment the Lakes Region has to offer, this location is a perfect spot to explore all the area has to offer. Whether you're looking for a year-round home or a vacation getaway, this property offers an excellent and affordable base for your Lakes Region lifestyle.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $56,000 | $56,000 | $56,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $43 | $43 | $43 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $373 | $372 | $472 |
Total Monthly Payment | $491 | $490 | $590 |
* 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.