Welcome to your private lakefront oasis! This stunning 5-acre property, nestled behind the Stone Gate at Silver Lake HOA community, offers a unique blend of tranquility and agricultural potential. With over 300 feet of frontage on Cook Lake, you’ll enjoy deeded access to the water, perfect for fishing or simply soaking in the serene views. The current 1, 600 sq ft home has been thoughtfully updated with a newly installed 30-year shingle roof, upgraded vinyl siding, and all plumbing converted to PEX pipe. Inside, you’ll find fresh interior paint and new lighting fixtures, creating a welcoming atmosphere. The home comes equipped with essential appliances, including a dishwasher, stove, refrigerator, microwave, and washer/dryer. Step outside to discover a spacious new 10x20 ft patio deck made with treated lumber, ideal for entertaining or relaxing by the outdoor fire pit. New front door steps will be coming soon. The lush landscaping features over 100 mature oak trees and 10+ pines, providing a natural canopy and abundant wildlife, including bald eagles, hawks, and migratory birds. This property is a gardener's paradise, boasting a fertile and productive organic garden with a variety of fruit trees, including peach, avocado, mango, and more. The sustainable tree garden is supported by a private sweetwater well and features hügelkultur berms, ensuring excellent soil health. With no HOA fees or oversight, you have the freedom to create your dream lifestyle—whether that includes raising chickens, growing a vegetable garden, or simply enjoying the peaceful surroundings. The property also includes a workshop, open bay shed, and a 4-zone irrigation system with six hose bibs throughout. Don’t miss this rare opportunity to own a slice of paradise with endless possibilities. Schedule your showing today and experience the beauty and tranquility of this exceptional lakefront property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$579,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $463,200 | $463,200 | $463,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,082 | $3,082 | $3,940 |
Total Monthly Payment | $3,174 | $3,174 | $4,032 |
* 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.