FISHING COTTAGE $28000

Robert and I have a lake-view little fishing cottage (or writer’s retreat) for sale, and we’d like to move it IMMEDIATELY.  We’ve had it about 8 years and paid $42,000 for it.  It’s located on Lake Malone in Lewisburg, Kentucky (Logan County), and is about 2 hours out of Nashville, straight up Dickerson Road following 431.

We have moved out of state and can no longer afford this cottage–even as much as we love it.  We’re losing thousands on it, but we’ll take $28,000 for it–you pay closing costs and 2014 taxes.

Mortgage companies generally require you to have 20% equity in a second or vacation home.  The value of this home is right at $43,000, meaning YOU COULD PULL $6,000 OUT OF IT AT CLOSING RATHER THAN MAKING A DOWNPAYMENT.   A loan of $34,400 at 4.5% for 30 years would mean YOU COULD HAVE A LAKE HOME FOR LESS THAN $200 PER MONTH.

You’d have a fishing cottage for less than $200/month plus utilities and annual taxes.  These are estimates only and certain would fluctuate depending upon your particular mortgage company, loan rates, etc.  I’m just giving this information so you can decide whether your family can afford a lake-view cottage.

Lewisburg, Kentucky is a VERY friendly little town.  The neighbors are great, and we’ve often fished off their docks for dinner (we’ve caught catfish, mostly).  The Shady Cove Marina is two or three miles around the road, where you can launch your boat for $3, and there’s always a big 4th of July celebration on the lake that is tons of fun.  There’s also boat church during the warm weather, where you can show up with a lawn chair or blanket and sit on the bank, or cruise up in your boat to hear the preacher.  Naturally, there’s plenty of room in the driveway of the cottage to park your boat and it’s very safe there.  There are only three permanent neighbors living on the road (only 8 total homes on the road), and everyone looks out for everyone else.

The cottage is just under 400 sq. feet, and the place is QUIET and peaceful. It has a tin roof and the deer come almost up to the porch, even when we’re sitting there.  The porch is a perfect place for a rocking chair and a good book, and I’ve spent many hours nestled there, a glass of iced tea close by.

Take a look at the photos and email us if you’d like a viewing.  Right now, we have the electricity turned off (because we don’t go up there much during the winter), but we’ll be happy to show it to you.  Thanks!

Side View of Cabin

Side View of Cabin

Road Leading to Cabin

Road Leading to Cabin

Front porch

Front porch

Front view

Front view

Front porch (lake is peeking through trees)

Front porch (lake is peeking through trees)

Front room, with kitchen/livingroom/writing area

Front room, with kitchen/livingroom/writing area

Desk faces front window

Desk faces front window

Tiny little table

Tiny little table

View off front porch

View off front porch

Livingroom area, notice windows are all around

Livingroom area, notice windows are all around

Window at the end of the couch

Window at the end of the couch

Land on one side of the cottage

Land on one side of the cottage

Land on the other side of the cottage

Land on the other side of the cottage

Another view of the cottage

Another view of the cottage

Side view of front porch, perfect for rocking and reading

Side view of front porch, perfect for rocking and reading

 

 

 

 

 

 

 

 

 

 

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