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*Year-Round Waterfront Cottage on Long Pond* Escape to the tranquility of Long Pond with this year-round cottage in Ledyard, CT. Offering 580 square feet of cozy living space, this 1-bedroom, 1-bathroom home is the perfect lakeside retreat or full-time residence in a peaceful waterfront community. Enjoy stunning pond views from your own backyard, complete with a private dock-ideal for boating, fishing, or simply soaking in the serenity of the water. A brand-new boiler ensures comfort and efficiency through all four seasons. Situated on leased land, this cottage provides affordable waterfront living without sacrificing comfort or convenience. Septic and a shared well. Those are the responsibility of the homeowner, it is not part of the lease. Trash, Road maintenance and snow removal are part of the lease. No Laundry hookups. No renting allowed including Airbnb. Lease is as follows 2025-$4000, 2026-$4100, 2027-$4200, 2028-$4300 & 2020 $4500. Lease will be renewed every 5 years. Estate sale so we have no info on Well & Septic condition. No, HOA but there is a LAND LEASE.
Type | Level |
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Dining Room | Main |
Full Bath | Main |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Main |
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Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $71,920 | $71,920 | $71,920 |
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 | $112 | $112 | $112 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $466 | $485 | $617 |
Total Monthly Payment | $653 | $672 | $804 |
* 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.