NEW PRICE: Great opportunity for you to own a spacious (almost 1900 square feet) 3 BR, 2. 5 bath townhome in the desirable Lake of the Woods community. Enjoy living in a resort-like lakeside neighborhood, and still being near all these conveniences: shopping, restaurants, major roads, schools, hospitals, and even public transportation just a couple blocks away. Features in this well designed home include brand new vinyl plank flooring in the great room; ceiling fans and overhead lights in every room; ceramic tile throughout the kitchen, foyer and half bath; three really large bedrooms; and a very private 14 x 10 screened porch in the back. The kitchen includes attractive stainless steel appliances, plenty of beautiful medium-upgrade cabinets, a sunny breakfast nook with great table space and a sliding glass door that opens to a patio which with a little work would make a gorgeous courtyard cafe. The master bathroom and downstairs half bath have been updated. And between the garage and the kitchen there is even a small "mud room" for kicking your shoes off on those rainy days. The carpeting upstairs needs replacing so for a price acceptable to the Sellers they are open to negotiating a flooring credit. Community amenities begin with the gorgeous lakeside clubhouse containing a fitness center, a game room, sauna, pool tables, library, and an enormous central room available for meetings or private activities (it even has a stage). And outside you won't believe the gigantic and gorgeous recreation complex, complete with the sparkling pool, seperate kiddie pool, changing room, tennis courts, shuffleboard, basketball, playground, picnic areas, and a wood fishing pier with a gazebo at the end from which you can enjoy the full view of this spectacular lake. Lastly, and very important: new roofs are being installed throuhout this community, for which each homeowner is being assessed the amount of $6, 500. So to avoid any confusion or unnecessary and difficult negotiation, the Owners will pay off the entire assessment in full at or before closing. And you get the brand new roof. An excellent home for a family or as a rental. Make your appointment to see it soon.
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Our Executive Mortgage Banker:
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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 | $255,920 | $255,920 | $255,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $108 | $108 | $108 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,703 | $1,681 | $2,158 |
Total Monthly Payment | $1,886 | $1,864 | $2,341 |
* 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.