Here's your chance to invest in a beautiful waterfront property with a charming cabin and a full dock. Tucked away in Secession Lake Estates, this property is approximately 1. 68 acres surrounded by trees and natural beauty giving it a private feel and an amazing waterfront view. As you turn onto your property, a livestock gate welcomes you ensuring seclusion. Follow the gravel drive as it winds its way to the heart of the property, where you'll discover a picturesque cedar-built cabin. Boasting two cozy bedrooms, a full bathroom, a quaint kitchen, and a welcoming living room complete with a woodstove, this retreat encompasses all the comforts you would need to relax by the lake. Step onto the screened porch and forget all your worries as you take in the panoramic view stretching out before you while a partial basement provides additional storage space. A permanent dock, adorned with an Army Corps tag and electricity, beckons you to explore the waters of Lake Secession. Full of crappie, bass, catfish, and bream, you could enjoy fishing one afternoon, then use the table built for cleaning your catches for dinner. Outside the cabin, a granite-walled patio and brick grilling area provides the perfect setting for outdoor gatherings and sunset soirees. With approximately 176 feet of waterfront access, there's ample room to enjoy water activities. Free from restrictive covenants, the possibilities are endless with this versatile property whether you wanted to fix it up for primary use, personal vacation retreat, or a lucrative rental investment. For four decades, this cabin has been cherished and loved by its owners, who now extend the opportunity to another family to create lifelong memories in this idyllic setting.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $127,920 | $127,920 | $127,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $160 | $160 | $160 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $873 | $850 | $1,079 |
Total Monthly Payment | $1,108 | $1,085 | $1,314 |
* 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.