6841 W Lake Ave
South Jordan, UT 84009
MLS #1977869

Single Family Home for Sale

HOME LOOKS AND FEELS BRAND NEW!! Welcome to your dream home with a true 3 Car garage with private driveway! Nestled on prestigious Daybreak community, this exquisite 4-bedroom, 3-bathroom residence boasts a perfect blend of sophistication and comfort. The basement is unfinished with the potential of 3 bedrooms, 1 full bath, living room, kitchenette and a game room. Please go over and check out the model home basement down the street at 11536 S Silver Pond Dr. With meticulous attention to detail and an array of upgrades, this home offers the ultimate living experience. Key Features: Open Floor Plan: Ideal for modern living and entertaining. Upgrades Galore: Enjoy 2-tone paint, living room built-ins, ceiling beams, wainscoting, and accent walls throughout. Perched Fireplace: Adds charm and sophistication to the living space. Top-of-the-Line Fixtures: Upgraded light fixtures, wood staircase railings, and glass casing in kitchen cupboards. Pristine Kitchen: Featuring a pantry, top-of-the-line blinds, and refrigerator. Outdoor Oasis: Backyard retreat with grass, sprinklers, and a privacy wall in the master bathroom shower. Convenient Location: On Lake Avenue, with easy access to amenities and transportation. Additional Features: Lot View: Enjoy scenic views and elevated positioning. Extra Spaces: Additional bathroom vanity area, bonus square footage at entry and basement head. Privacy and Parking: Street parking prohibited, ample personal driveway parking. Don't miss out on the opportunity to own this exceptional home. Schedule a viewing today! *****Seller Financing Available Offer Price: $975,000 Down Payment: 22% of $975,000 = $214,500 Loan Amount: $975,000 - $214,500 = $760,500 Interest Rate: 5.5% Balloon Payment: 5 years Term Length: The loan term is 5 years. Monthly Payments: To calculate the monthly payments, we'll use an amortization formula to find the monthly payment amount based on a 5-year loan term with a balloon payment. The monthly payments will be based on a 30-year amortization schedule, but the remaining balance will be due in 5 years (the balloon payment). Using a financial calculator or spreadsheet, the monthly payment amount comes out to be approximately $4,321.22. Balloon Payment: At the end of the 5-year term, the remaining balance (balloon payment) will be due. This will be the remaining principal balance after 5 years of monthly payments.