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Listed 4 months ago

348 Fire Rte 54 N/A

Belmont-Methuen, Havelock-Belmont-Methuen

$499,900

Detached|Bungalow
2 | 1 | 3
About this home

Deal Fell Through. Newly renovated, floor to ceiling, beautiful waterfront cottage. Situated in a protected sandy bottom bay with an unobstructed view of the lake. Western exposure located on the east side of beautiful Cordova Lake. The cottage is on a 4 season private road. All new wiring and electrical panel, all new plumbing and fixtures, all new windows, doors, and siding. Metal roof, kitchen and 4 pc bath, super efficient split heat and cool unit, new 12 and 19 ft deck, extensive rock work front and rear. The entire cottage has high density foam insulation under the floors, in the walls, and the ceiling. It's just like a thermos to heat. The waterfront has a firm sand base. It's perfect for floating, swimming, or simply relaxing waterfront taking in the views. Newer shore dock 12 by 12 ft. plus 5 by 25 ft aluminum dock. All renovations approved and final inspection by the municipality on file. Check out the video of the lake for more. A must-see special cottage!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$2,037
Lot Size51.42 ft x 105.51 ft
mls© NumberX13040988
Listed ByRE/MAX Jazz INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,559
Property tax
$170
Heat allowance
$150
Housing costs
$2,878 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,980
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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