This beautifully renovated home is move in ready and offers versatile potential as a starter home, 2nd vacation home or an income producing rental investment opportunity. Located just minutes from downtown Carmel and the West Branch Reservoir , this fantastic property is a commuters dream & provides access to year round water sports and multi seasonal outdoor activities. All situated on almost a full acre lot. The floor plan offers 3 bedrooms with a spacious 1st floor primary suite & private full bath. The new kitchen is large and bright with granite countertops and a brand new appliance package & separate laundry area. You will also find a large 1st floor bathroom with soaker tub and separate shower. The 2nd floor offers two more bedrooms and another full bath. Outside you will discover a massive wrap around deck and partially fenced yard and protected woods. The entire exterior has been wonderfully landscaped. The cherry on top is the potential subdivision of the adjacent lot where you can explore the addition of another home or a drop in cottage, workshop or garage. Such a versatile property with many options at this new & almost unbelievable price point and location close to all make this home a winner. Inquire for specific details regarding proposed subdivision and come see this one for yourself. Additional Information: Amenities: Soaking Tub, HeatingFuel: Oil Above Ground, ParkingFeatures: 1 Car Attached, Appliances: Electric Water Heater ConstructionDescription: Vinyl Siding,
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,999 | $439,999 | $439,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.160% |
Monthly Tax Payment | $1,025 | $1,025 | $1,025 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,890 | $3,683 |
Total Monthly Payment | $4,043 | $4,006 | $4,799 |
* 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.