CEDAR LAKE WATERFRONT-STURBRIDGE. This is a once in a lifetime opportunity. Secluded 11. 61 acre ( 500, 069 square ft) PRISTINE UNDEVELOPED LAND ON CEDAR LAKE -1, 640 feet of WATERFRONT- Cedar Lake is a fully recreational lake w/ boating, fishing and swimming in a unique, private, quiet and serene environmentOne of nicest lkfrnt communities. . Abundant wildlife, this property is a nature lover's paradise. Arrive through a gravel driveway-119 ft of rd frontage Westwood Drive frtge is sufficient in which to construct a rd into the property, and development of 5 house lots or, start planning your family compound with creative adjustments. The lake's area is 183 acres, maximum depth approximately 14 ft. This lake is part of Chain of Lakes regional Park. Great area for walking and hiking. Close to major hwyys makes this the perfect location for commuting. Abundant shopping restaurants, nearby. . Longtime family owned property-currently in 61BVideo footage available. . LAKE LIFE IS A LIFESTYLE LIKE N0 OTHER
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$899,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,140 | $4,487 | $6,021 |
Total Monthly Payment | $4,232 | $4,579 | $6,113 |
* 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.