The Forest Country Store building at Lake Groton is for sale. With a new well, septic update and change of use this could be a two bedroom home next to Lake Groton! See attached documents. It is located off of Boulder Beach Road near Stillwater State Park. The store, out building with a washer and dryer, electrified dumpster fence and updated septic system all sit on 1. 02 +/- acres that was originally two separate lots. This is an estate and the store has been closed for the last few seasons. Store inventory is negotiable. All equipment and appliances are included with no warranty and the full list is available in the Seller's Property Information Report (SPIR). There is a half bathroom in the store building. The water source is from a seasonal shared drilled well that is located off site and shared with two waterfront camps below this property. The store property MUST drill a well by Nov. 1, 2026 when the Shared Well Agreement will be terminated and the well line to the store will be cut. An Engineer located where a private well could be drilled on the store property. The tank and dry well are all clearly located on a flat area below the building on the other side of the lower driveway. New risers were added to the septic. An Environmental Assessment Study was done on the building and extensive work completed to bring the property into compliance. Final report is pending. There is a ROW next to the store for the waterfront camps below the store. Water is now off until April.
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NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,600 | $159,600 | $159,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $340 | $340 | $340 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,102 | $1,061 | $1,346 |
Total Monthly Payment | $1,517 | $1,476 | $1,761 |
* 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.