Dreaming of a lake cottage getaway on beautiful Greenwood Lake? This adorable cottage is already completely rebuilt and renovated so all you need to do is a pack a bag and the makings of a nice charcuterie board…grab a bottle of wine (or two!) and head up to The Lake. Bedroom on the first floor and a spacious loft for guests. Hardwood floors throughout. Brand new stainless kitchen appliances and a washer dryer hidden behind a custom-made sliding barn door. The cottage is in the private community of Furnace Brook which boasts its own private beach, boat launch and clubhouse. Short walk to the private beach with boat launch and clubhouse. Seasonal water from April 15th through October 15th. Strong potential for conversion to full year water possible. Otherwise, enjoy three seasons for yourself or invest for short term or long-term rental income. Other amenities include: cottage is partially furnished, stone patio, cathedral ceiling, custom tiled bath with tub, enclosed porch, and a shed, too. Terrific price for a brand new cottage in a private lake community!
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Our Executive Mortgage Banker:
Our Insurance Division:
$235,000
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 | $188,000 | $188,000 | $188,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $387 | $387 | $387 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,235 | $1,250 | $1,585 |
Total Monthly Payment | $1,697 | $1,712 | $2,047 |
* 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.