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Wow! 3 Lots Merged together! This 2022 beach-access custom Contemporary features vaulted natural wood ceilings. The two-bedroom home is situated on a large . 79-acre lot with 212' frontage on Larry Drive and 80' frontage on Scott Drive. There is plenty of room to build a detached garage; choose to clear the wooded area in back for a larger yard area. The main floor features a master bedroom and large master bath. There is a covered porch entry in front; walk into the open concept living room, kitchen and dining area. The living room has an attractive tiled hearth with a pellet stove for back-up heat. The custom-built kitchen has granite counters, custom-made oak cabinets, a 5-burner electric cooktop on the kitchen island and a convection wall oven. The dining area opens onto the 16' x 10' sunny back deck. At the top of the second floor stairs, you will find the laundry area with washer and dryer and a second bedroom with an attached full bath. The 34' x 24' walk-out basement is unfinished, with two basement windows and a high ceiling, that would be ideal for a suspended ceiling if you choose to finish this area. The Alton Shores Association yearly fee of $275, offers you access to beaches on both Sunset Lake and Hills Pond as well as access to a boat launch on Hills Pond. Sign on property!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | $260 | $260 | $260 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,071 | $2,181 | $2,757 |
Total Monthly Payment | $2,406 | $2,516 | $3,092 |
* 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.