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Your wooded, private haven awaits you within a wonderful mountain community. Step into your mountain home with luxury finishes and upgrades. Sit by the outdoor fireplace and listen to the soothing sounds of the waterfall water feature, surrounded by lush landscaping accented with evening lighting. Enjoy entertaining friends at the outdoor kitchen area, complete with gas grill, side-burners, built-in cooler, and pizza oven. Beautiful interior features abound. On the main level is the primary suite, great room with rock fireplace, parlor with French doors, dining room, two powder rooms, laundry room, and eat-in chef's kitchen. Enjoy the new Sub-Zero refrigerator, newer dishwasher, and cabinets with sliding shelves. Head upstairs to find two well-appointed en-suite bedrooms and an office. The inviting lower level includes a den with a full-service bar, including ample custom cabinetry, microwave, dishwasher, wine chiller, mini-frig, ice maker, and sink. Also on the lower level is a game room, an ensuite bedroom with closet and built-ins for additional guest space, a generous unfinished storage area, a large cedar closet, and a workshop/golf cart garage. "Paradise" is an understatement for this home with a mountain retreat feel, "quiet in the woods, " yet close to both community entrances on Hwy 11, pool, fitness center, and other amenities. On the 6. 99 acres of privacy, you'll find beautiful rock formations and abundant greenery. A Cliffs Membership is available at varying levels with the purchase of this home. With membership comes benefits for golf, the clubhouse, swimming pool, pickleball courts, walking trails, and much more, including the outstanding amenities at all 7 Cliffs communities: mountain, lake, and Asheville, NC.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.848% | 6.613% | 6.560% |
Monthly Tax Payment | $333 | $333 | $333 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,837 | $5,031 | $6,879 |
Total Monthly Payment | $5,262 | $5,456 | $7,304 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.