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INVESTMENT OPPORTUNITY at Newfound Lake. This unique opportunity known as Birchwood Cottages includes TWO fully remodeled year-round cottages on over ½ acre just one block from the sugar sand beaches of crystal-clear Newfound Lake. Current owners have established a successful Airbnb vacation rental business with repeat tenants. The possibilities are limitless with floor plans and septic approval in place for a future 1, 800+ sq ft expansion. The idyllic cottages offer a blend of rustic charm with a modern feel. Both been updated from top to bottom--new kitchens with quartz counters & stainless appliances, 2 brand-new baths in each, fresh paint, new plumbing, heating & electrical & more. Sit by the cozy pellet stove to keep you warm on a chilly night. Mini-splits will keep you cool and comfortable on hot summer days. Enjoy lake views from the spacious living/dining areas and unwind outdoors on the patio or large level lawn—perfect for entertaining! Use for yourself, rent one or both. Utilities for each cottage are separate. Just steps from the Lake and popular dining spots like The Ledgewater Steakhouse & The Big Catch. . Don't miss this turnkey gem at Newfound Lake. Listing is subject to reservations currently in place. Financials available upon signing of an NDA. Showings start April 4, 2025 by appointment only.
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.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $743,200 | $743,200 | $743,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
Monthly Tax Payment | $497 | $497 | $497 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,104 | $4,516 | $6,221 |
Total Monthly Payment | $4,693 | $5,105 | $6,810 |
* 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.