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OPPORTUNITY KNOCKS BUT ONCE with this townhouse renovation project. If you are looking for a reasonably priced condo to make your own upgrades, this could be it. This popular Cedar Creek Condominium is conveniently located off the Westside Road. Well managed association includes inground pool and tennis along with common land and easy access to national forest trails. Three finished levels of living plus a full unfinished basement gives you plenty of space to create with. 1st floor is a blank pallet for your upgrades to the flooring, kitchen, ½ bath and lighting and the second floor needs renovations to the full bath. The rest of the property in good shape with 2 spacious bedrooms plus a large and easily accessible loft with finished living and skylight. The living space is open and highlights a propane fireplace and sliders that gracefully step onto a back deck and a grassy yard. Because this is an end unit, there is a large bay style window allowing additional natural light and privacy. The full basement houses a washer dryer, woodstove and is unfinished for storage or recreation. Priced to sell “As Is”, this property will likely need to be a cash sale or renovator-type loan. Come to the table with your ideas and make this your next project, your primary home, vacation get away or investment property. Property being sold furnished excepting personal items as described.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $300,000 | $300,000 | $300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.152% |
Monthly Tax Payment | $294 | $294 | $294 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,872 | $1,971 | $2,511 |
Total Monthly Payment | $2,241 | $2,340 | $2,880 |
* 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.