Rare opportunity to live in a northern Westchester lake community, Goldens Bridge Lake Community, also known as The Colony, boasts cooperative spirit and consists of approximately 150 acres, with 17 acres will remain in a "forever wild " state for the enjoyment of our residents to explore. Timber Lake has a beachfront area for swimming- paddle boats and canoes for residents, bring your own paddleboards! Volleyball sand court, playground, basketball court, and “The Barn”, a charming space for social events, residents may use for their own social occasions. Charming 1-bedroom, 1-bathroom home perfectly nestled in nature just moments from tranquil Timber Lake. Sizable entry way and the nearly finished new 692 sf great room with vaulted ceiling, and windows situated for perfect lighting and designed for optimal musical acoustics that control echoing and diffusion; a dream come true for any musician, artist, and nature lover! The new section was added to the original bungalow, built 1948, is a shy 500 sf with original wood flooring, wood burning stove, a single-family residence with vintage charm creating a warm and artsy home that awaits new owner to complete. There is an attached enclosed screen in porch, out door shower, and a greenhouse and shed. Situated for convenience and lake life, the property offers effortless access to Metro North, 684 and a smooth commute into New York City. Low taxes. This is a cash only transaction, buyer to complete the permit process.
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Our Executive Mortgage Banker:
Our Insurance Division:
$225,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $180,000 | $180,000 | $180,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $541 | $541 | $541 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,167 | $1,153 | $1,495 |
Total Monthly Payment | $1,783 | $1,769 | $2,111 |
* 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.