This VACANT lakefront lot has all the privacy and feel of living “in the country, ” however it’s close to schools, shopping and restaurants within 2 miles. The property is 100 feet wide by 200 feet deep (. 46 acre), with 100 feet of beach/lakefront. It is accessed by a private road (NO TRAFFIC), 600 feet from the main road, Edgewood Ranch Road. It would be the fourth home, out of six, on the easement that ends on the sixth home. The vacant lot is on lake Hiawassee, a 226 acres private lake, with great fishing, waterskiing, wake boarding, paddle boarding and perfect for great sunset cruises. Nothing can be built on the south facing side of the easement, so the lot has gorgeous unobstructed views of another lake and open fields on the south side of the easement. This is the last buildable lot on this private road. IMPORTANT NOTE: The lot does not have an address yet, but will be assigned one when a permit is pulled to build a home on the site.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $303,200 | $303,200 | $303,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,842 | $1,842 | $2,396 |
Total Monthly Payment | $1,917 | $1,917 | $2,471 |
* 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.