Imagine owning your own piece of lakefront paradise. Whether you're dreaming of a serene getaway, or an exciting investment opportunity, this is your chance to secure not one, but two breathtaking lots on Lake Secession. Nestled within Lake Secession Estates, this remarkable property spans over 3 acres of pristine natural beauty, complete with a charming cabin and abundant wildlife. As you approach the property, a livestock gate welcomes you, ensuring seclusion and privacy. The winding gravel drive leads you to the heart of this oasis, where you'll find a picturesque cedar-built cabin. This cozy retreat features two comfortable bedrooms, a full bathroom, a quaint kitchen, and a living room with a wood stove to create the perfect cozy ambiance. Step onto the screened porch and let your worries melt away as you take in the stunning panoramic views of the lake. The partial basement also offers extra storage space. A permanent dock, equipped with an ArmyCorps tag and electricity, invites you to explore the waters of Lake Secession. Teeming with crappie, bass, catfish, and bream, the lake offers fantastic fishing opportunities. Outside the cabin, a granite-walled patio and brick grilling area offer the perfect setting for outdoor gatherings and sunset soirées. With over approximately 300 feet of waterfront across both lots there's ample room to enjoy water activities. This could be a personal vacation retreat, a lucrative rental investment, or both. This listing covers lots 18 and 19; tax map numbers 1840101012000 and 1840101011000 respectively. Lot 18, the cabin's lot, is equipped with a private well and septic, and lot 19 does already have a septic installed Free from restrictive covenants, the possibilities are endless with this versatile property. For four decades, this cabin has been cherished and loved by its owners, who now extend the opportunity to another family to create lifelong memories in this idyllic setting.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
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 | $160 | $160 | $160 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,337 | $1,337 | $1,739 |
Total Monthly Payment | $1,572 | $1,572 | $1,974 |
* 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.