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****A NEW PRICE**** ON THIS SWEET SPOT JUST IN TIME FOR SUMMER!! Beyond the pavement of Oyster Factory Road is a short private dirt road that is only traveled by a handful of property owners. This is where you'll find 8541 Oyster Factory, a special property that has been owned by the same family since 1952! This perfectly sized beach cottage situated on Fishing Creek is sure to bring you peace and joy. This is the 2nd home on this land, custom-built in 2005/6 by local Builder, Robbie Savage showcasing a quaint 3 bed, 2 bath home with everything you need to suspend time. Beautifully beamed Cathedral ceilings makes this 1584 sqft home feel spacious and the open floorplan allows for easy entertaining while quiet nooks invite you to settle in for a spell. Wrapped up in beautiful hardwood floors, cozy gas logs, custom built-ins in the living room, a large spacious kitchen with plenty of bar seating and a darling dining area; all offering views of the creek and marsh because there really is no better way to begin or end your day! A walk-in laundry room is located beside the kitchen for convenience. The primary bedroom is a large and spacious room with a nice sized walk-in closet and includes ensuite with double vanities, separate shower and a soaking tub. The 2nd bedroom is also large with a walk-in closet as well as added door access to the 2nd full bathroom which also has entry from the hallway. The 3rd bedroom is small but mighty with multiple points of entry and beautiful French doors for a grand entrance. A day bed ensures there's room for "one more" and yet it can also be used as an office, nursery and/or workout room. Whether you prefer a screened in porch or the deck to enjoy the seasons, there is plenty of nature surrounding you to absorb and appreciate. This peaceful setting on the water, overlooking the beautiful ever-changing marsh grass with wildlife to entertain is just what you've been waiting for. An outdoor shower is located underneath the house, as well as an orderly storage room for all of your fishing, crabbing, boating and water toys. Plenty of parking for your friends and landscaping with irrigation in place with plants coming up now. This home has been recently pressure washed, has a brand new hot water heater, new French doors leading to the sun deck and also installed a new ceiling fan for the screened porch for your enjoyment. This precious home must be seen in person to truly appreciate how awesome and functional it really is. Offered mostly furnished. The Critical Area Project Manager Bureau of Coastal Management has confirmed the property is eligible for a dock and meets the requirements to apply.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.894% | 6.936% | 6.006% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,884 | $4,146 | $5,308 |
Total Monthly Payment | $3,976 | $4,238 | $5,400 |
* 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.