"Rhododendron Ridge" presents a unique opportunity to own two spectacular mountain view lots in the prestigious gated community of Cliff Ridge. These lots are situated at an elevation of 3000 feet above sea-level, enveloped by the Mountain Bridge Wilderness area and boasting breathtaking views of Jones Gap State Park. The location is serene, secluded, and surrounded by an abundance of wildlife, including deer. The lots are beautifully adorned with thick hardwoods and a profusion of rhododendron shrubs, which provide a picturesque setting for a stunning two-story home with exceptional winter views and cool summer nights. Nestled just a mile away from Caesars Head State Park and only 25 minutes from the quaint town of Brevard, NC, the Cliff Ridge community offers both convenience and natural beauty. The nearby town of Cedar Mountain, NC offers a plethora of outdoor activities such as hiking in DuPont State Forest, waterfalls, mountain biking, fly fishing, and kayaking opportunities. Furthermore, both lots have passed DHEC perk tests for septic system use, ensuring peace of mind for the future homeowners. The Cliff Ridge community is gated and offers a host of amenities to its residents, including a stocked trout pond, two large pools, a fitness center, sauna, clubhouse, playground, and tennis courts. Additionally, the community features its own water system, providing a reliable supply of clean water. "Rhododendron Ridge" is a rare find and the perfect opportunity to build your dream mountain home in an exceptional community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$49,990
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $39,992 | $39,992 | $39,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $276 | $269 | $340 |
Total Monthly Payment | $351 | $344 | $415 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.