You can't find nearly 4 ACRES of waterfront at this price! This seasonal escape has been loved and cared for by the same family for nearly 70 years. 3 bedroom, 1 bath waterfront 1980 cottage with an amazing 3. 7 acres and 470ft of road frontage! This gem is located on a quiet cove of pristine North River Lake. Steps in place to safely guide you down to the cottage and water's edge. Patio area with fire pit overlooking the lake. Shed has power for the extra fridge to store those important beverages. Plus an adorable bunk house among the trees with a second fire pit. Two docks to enjoy fishing, swimming and boating. Newer deck and roof. Back deck recently removed but some sonotubes remain in place. Cottage water source is supplied from the lake. A second bath with shower is accessible from the outside would need to be reconnected to the water supply. With Barrington requiring a minimum of 1. 84 acres and 200 ft of road frontage, there is the potential to subdivide for a future year round home or keep it all to yourself to enjoy your seasonal getaway of lake life. North River Lake has no public boat launch allowing just the owners to enjoy. Located on a paved, public road - no HOA or road maintenance fees. Seller will not consider offers subject to any town or state approvals of potential subdivision or conversion to year round home. Property sold as a furnished seasonal cottage with some water toys and sold as-is. Please do not enter driveway without an appointment.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $545 | $545 | $545 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,920 | $1,920 | $2,497 |
Total Monthly Payment | $2,540 | $2,540 | $3,117 |
* 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.