Great Opportunity for a Unique Property on Lake St. Catherine. 90 feet frontage with beach area. This property consists of a furnished 3 BR, 2 Bath Lake Front Home, with a deck, docks, plus a detached 31'+ x 40'+, 2 car garage w/ a finished 2nd level 2 BR + loft, 2 bath, kitchen, LR, living space (photos to be added soon). The main house was basically rebuilt from the studs in and out in 2017. Crawl space added, plumbing, wiring, heating, doors, windows, interior, siding, roof, etc. Fall in love with this modern kitchen with huge eat-at counter/island. The open floor plan makes this home great for gatherings. Sit in front of the propane fireplace on a cool evening, relax out on the deck on warm days and evenings. Spacious MB plus 2 others- 1 w/a Murphy Bed, that doubles as a desk, and the other w/ 2 twin beds. Full bath up and down, plus separate laundry room on 1st floor. Open Stairway. Many useful built-ins. Lovely views from the inside and outside. Use this property year round. You can keep tenants in the apartment, if you so desire, which the current owners found convenient. Otherwise, this space offers lots of possibilities. 2 drilled wells. Approximate sq. ft of main house is 1957 (cathedral ceiling in part) and 1280 on the 2nd level of the garage, plus 1280 garage.
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William Raveis Real Estate
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Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $839,999 | $839,999 | $839,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $565 | $565 | $565 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,704 | $5,104 | $6,919 |
Total Monthly Payment | $5,394 | $5,794 | $7,609 |
* 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.