Begin your morning with a brisk swim, then spend your afternoons fishing for rainbow trout and bass, kayaking, sailing, sunbathing or just watching the eagles and herons or the Sunday sailboat races from your porch, deck or patio. Your evening will be complete as you casually drift out to the middle of the lake marveling at the spectacular sunset. This can be your life all summer long. With approximately 50 feet of frontage on beautiful Alexander's Lake and located on leased land, this seasonal cottage offers 2 bedrooms along with one bathroom and a combo galley kitchen & casual seating living area. The reasonably priced annual land lease fee equates to what you might spend on a 2 week vacation, yet you can enjoy this seasonal property all summer. Optional membership to an active Lake Association provides many social activities throughout the season. Located in Connecticut's "Quiet Corner", and just an hour from Hartford, Boston or Providence, Alexander's Lake has been recognized as one of the cleanest lakes in the state.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Built-Ins,Ceiling Fan,Wall/Wall Carpet | 11.0 x 5.0 | Main |
Full Bath | Vinyl Floor | 5.0 x 3.5 | Main |
Kitchen | Breakfast Bar,Ceiling Fan,Vinyl Floor | 18.0 x 10.5 | Main |
Primary Bedroom | Ceiling Fan,Wall/Wall Carpet | 11.0 x 9.0 | Main |
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $207,920 | $207,920 | $207,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $139 | $139 | $139 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,383 | $1,382 | $1,753 |
Total Monthly Payment | $1,597 | $1,596 | $1,967 |
* 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.