Looking for a unique opportunity to create your dream getaway near Pierce Lake? Look no further. This property, situated on 0. 4 acres with deeded access to the lake, is ready for a visionary to bring it back to life. The home requires significant renovation or rebuilding but offers a solid foundation with a walk-out lower level—an excellent starting point for your project. With some creativity, investment, and hard work, this "diamond in the rough" could transform into a charming lakeside retreat. The serene surroundings and access to Pierce Lake make it an attractive option for those willing to take on a project. Please note, the property currently lacks a driveway, and caution is advised when viewing due to the condition of the home. If you're ready for a challenge that could result in a fantastic lakeside escape, contact us today!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $120,000 | $120,000 | $120,000 |
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 | $170 | $170 | $170 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $798 | $788 | $1,005 |
Total Monthly Payment | $1,043 | $1,033 | $1,250 |
* 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.