Enjoy lake community living on Arrowhead Point and move right into this fully updated 2500+ sq ft home perched on a west facing corner lot in highly sought after neighborhood overlooking Candlewood Lake. Year-round scenic setting provides gorgeous sunset lake views and is just a short stroll to Arrowhead Point Beach where you can enjoy outdoor recreation and relax on the expansive sandy beach with swim and boat docks, brand new owners boat lockers, kayak racks, new stairways, fencing, and picnic area. Custom designed kitchen showcases beautiful cabinetry, granite counters with leather finish, stainless steel appliances, vaulted ceiling, and tile flooring. Adjoining dining area has custom bar with task lighting and shelving, and wine cooler. Sprawling and private deck is highlighted by built-in bar and bench seating areas that invite alfresco dining and entertaining with family and friends. Light filled living room with picture window and sweeping views. Primary bedroom ensuite with double sinks and walk in shower. Second bedroom and full bath complete the main level. Fully finished light-filled lower level offers versatile living space for possible in law suite, large family room, stone fireplace, recreational room with kitchenette, office, full bath with laundry, third bedroom, and ample closets. Attached 2 car garage with epoxy coated floor and attic storage spaces. Energy efficient with added insulation, new roof, windows, siding, heating/air conditioning systems, & more! Average monthly utility expense (electric including heat pump and AC) $259/month. Arrowhead Point Homeowners annual fee $1, 865. 19 includes legacy locker fee (was in the deed for this home), admin fee, water, water reserve, road maintenance, annual road reserve, beach fee, beach reserve. Note: association is very well capitalized. No special assessment for huge improvements this year including recent improvements: new stairways, fencing, boat racks, lockers, picnic areas and regular care of the dock/float. Homeowners put $500 down to get name on waiting list *if they wish to obtain one of the boat slips, the dockmaster tracks where you are on the list. Boats are not to be stored in yards where the boat goes out beyond the home front. The Association has a few spring and fall family events for the homeowners.
Type | Description | Level |
---|---|---|
Bedroom 1 | Hardwood Floor | Main |
Bedroom 2 | Walk-In Closet,Wall/Wall Carpet | Lower |
Den | Wall/Wall Carpet | Lower |
Dining Room | Balcony/Deck | Main |
Family Room | Fireplace,Wall/Wall Carpet | Lower |
Kitchen | Tile Floor | Main |
Living Room | Bay/Bow Window,Hardwood Floor | Main |
Primary Bedroom | Full Bath,Hardwood Floor | Main |
Rec/Play Room | Built-Ins,Dry Bar,Wall/Wall Carpet | Lower |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $858 | $858 | $858 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,986 | $3,982 | $5,053 |
Total Monthly Payment | $4,936 | $4,932 | $6,003 |
* 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.