BEAUTIFUL LOCATION WITH AMAZING VIEWS OF LAKE LANIER! Lake Lanier is a private lake. This property conveys deeded access to the lake thru the Lake Lanier Civic Association boat ramp. This listing includes 2 structures - the main house & a detached garage with a studio apartment. They have each been used for Air BnB, VRBO & as a short term & long term rentals. Each structure can sleep up to 6 individuals & they are being offered fully furnished including an outdoor putting green, a ping pong & shuffle board table at the main house, pool table at the garage apartment. Both have gas grills & outdoor tables & landscaping was planned with low maintenance. The main is house is approximately 1, 558 sq. ft. The studio apartment in the detached garage is approximately 728 sq. ft. and the garage area is approximately 728 sq. ft. Both areas have heat and A/C. Each structure is very private and were placed where views between the 2 are limited. LIVE IN ONE & RENT OUT THE OTHER & ENJOY LIFE IN THE QUAINT TOWN OF LANDRUM, SC!
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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 | $428,000 | $428,000 | $428,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $673 | $673 | $673 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,956 | $2,884 | $3,641 |
Total Monthly Payment | $3,721 | $3,649 | $4,406 |
* 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.