592 Main Road photo 11 / 15

MLS #1298519

592 Main Road

Mount Carmel

$75,000

3 Beds
1 Bath
1,824 sqft
Single Family
Source Listing

Property Details

A rare opportunity to own a private water-view property on scenic St. Mary's Bay. Set back from the road and surrounded by mature evergreens, this 3-bedroom bungalow offers 1,824 sq. ft. of solid living space with incredible potential for year-round living, a vacation retreat, or an investment property. Built with 2x6 exterior walls, a full 8-foot concrete foundation, double-insulated basement, and PVC windows throughout, the bones here are excellent. The home is heated by a wood/oil combination forced-air furnace, serviced by well and septic, and sits on approximately half an acre with a paved driveway in excellent condition. Trout fishing enthusiasts will love Murphy's Pond directly behind the property, while the surrounding area offers hiking, boating, ATV trails, and everything outdoor Newfoundland living has to offer. Just one hour from St. John's, Mount Carmel has all the essentials close by: a fire department, a community centre, post office, gas station, convenience store, and school bus service to St. Catherine's Academy. Along the way, you'll pass Salmonier Nature Park and The Wilds Resort and Golf Course. With annual property taxes of only $375, including garbage collection, the cost of ownership here is as refreshing as the view. Whether you're searching for a peaceful retirement property, a weekend getaway, or a project with room to add value, 592 Main Road delivers privacy, scenery, and potential in one beautiful package. Driveway to main road is 100% owned/attached as part of the original deed/survey (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$75,000
Down Payment - 5%$3,750
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$1,052

Mortgage Payment
$427
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$3,750
Loan Amount
$71,250
Total Interest
$56,839

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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