68 Cherokee Drive, Arrowhead Acres, has waterfront private beach & sunshine beaming through every window. Custom Lindal home with Deeded Lake Rights to the over 400 acres of Copake Lake. Just 95 miles to NYC, easy and beautiful commute, enjoy weekend getaways or live here full time as the seller did. Built in 1994, the timeless open floor plan and design features still inspire. The home offers over 3, 000 sqft of living space; 1, 685 on the first floor and another 1, 685 sqft of a full walkout basement with private entrance, just beckoning to be finished. First floor features two bedrooms, two baths, a spacious open floor plan kitchen/dining area & living room, cathedral ceilings with full wall of windows to bring the outside in. Wrap-around deck and 2-car garage all on just under an acre parcel. Lower level features a 3rd potential bedroom, huge common area, gym/work out room, plumbed in bathroom and workshop. . . just waiting for the final touches. This home delivers a surprising amount of peace, quiet and tranquility. Deeded rights to Copake Lake waterfront within walking distance to this truly tranquil property contribute to making it such a unique and special opportunity. Your vision of how to best utilize both levels of living space will create a treasured place where lasting moments happen over and over. ***3rd Bathroom plumbed in lower level already***TWO Marina's within walking distance, both have food & entertainment and store boats for winter. ***Copake Country Club/Golf Course/The Greens Restaurant, just little over a mile away. ***Tax records show 2 bedrooms, 2 baths. However, the lower level allows 3rd+ bedroom. 1, 000 gallon septic recently cleaned. Records on file. Easy to show, short notice OK.
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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 | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,138 | $3,057 | $3,944 |
Total Monthly Payment | $3,230 | $3,149 | $4,036 |
* 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.