|
Beautifully renovated year-round home with a deeded right of way to Lake Salem. The home features 1426 sq. ft of finished space that consists of the main level with an open floor plan in the kitchen/dining/living areas, a separate laundry room & a full bath and a 2nd floor that offers a primary bedroom and second bedroom, both with lake views. The modern kitchen features stainless appliances, a center island and under cabinet lighting. The interior of this home has been completely renovated in recent years with tongue & groove pine ceilings, engineered hardwood flooring, sheet rocked walls, LED lighting and spray foam insulation in many areas including the crawl space. Updated utilities include all newer electrical (wired for a generator) & plumbing, a high efficiency propane furnace, hot water heater, a water softener, spare chimney for wood or pellet stove to be added and access to Comcast/Xfinity high-speed internet & cable. Additional features include an attached 11’x17’ storage shed, fenced back yard, front deck overlooking the water and a 10’ deeded right of way to the lake directly across the road. Lake Salem is great for boating, swimming, fishing and offers direct access to the VAST snowmobiling trails. All located within a quiet neighborhood, on a dead-end road and within walking distance to the public beach & dog park. Ideal property for a primary residence or vacation home.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$249,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,600 | $199,600 | $199,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $293 | $293 | $293 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,295 | $1,345 | $1,711 |
Total Monthly Payment | $1,663 | $1,713 | $2,079 |
* 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.