Price Improvement! Live, work and play at this award-winning, turn-key restaurant and gift shop. The WaterWheel Breakfast and Gift House is a destination for tourists and locals alike. The Waterwheel has been lived in, owned and operated by the same family since 1999. It is obvious to an observer that this property and business has been well cared for and has all the necessary food service equipment, dining and gift shop furnishings and merchandise. Your family will reside in the attached 4-bedroom home and use the large 2 story garage for all your vehicles, toys and play on the over 30 acres of land. Snowmobilers have access to you and you have access to the north country trails. Many upgrades have been done including a well, septic system, heating system, hot water and oil tanks, plumbing and electrical. The exterior of the building is in great shape, due to new siding, windows, wheelchair ramp, raised flower beds, antique entrance door restoration and fresh paint. This is the current owner’s pride and joy. They are simply just ready to retire. Equipment, furniture and gift store inventory will be included in the price. Current owners willing to train new owners.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $554 | $554 | $554 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,282 | $8,964 | $11,909 |
Total Monthly Payment | $8,961 | $9,643 | $12,588 |
* 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.