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Beautifully renewed off grid cabin on the banks of the stone-lined Forrest Brook in the heart of Madison! This offering is for the modern transcendentalist who wants to wake up to the beams of sun cutting through the tree canopy and fall asleep to the babbling brook outside their windows. This 3 season cabin has not only been structurally lifted and salvaged, but has also been tastefully refinished with a new roof and wooden siding--with every last attention given to impeccable detail! The cabin is outfitted with modern day amenities such as portable solar panels and battery pack to power the LED lighting throughout, as well as the mini-fridge in the kitchen, and has room for more! The woodstove can help to take the edge off on those cooler seasonal days and nights and blends in with the outdoor surroundings featuring river stone details around the hearth. When entertaining, you may want to take the good times outdoors to the fire pit overlooking the water and stare up at the starry night skies. Gravel parking has been created out front and access to home is by right-of-way. This cabin is located a short drive to North Conway area, Purity Springs Resort and King Pine Ski Area, close proximity to the Madison Cascades, Goodwin and McNair Conservation Land, and comes with resident access to pristine Silver Lake. While this cabin is perfect in so many ways, it will not qualify for FHA, VA, or USDA financing & will most likely require a cash buyer.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $143,200 | $143,200 | $143,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $87 | $87 | $87 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $965 | $952 | $1,228 |
Total Monthly Payment | $1,127 | $1,114 | $1,390 |
* 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.