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Presented by
Margaret Wilcox |
13 Lakeview Terrace, Burlington, VT, 05401 | $1,300,000
Once in a lifetime opportunity to own a fantastic property nestled along the tranquil shores of Lake Champlain! This captivating residence offers an unparalleled blend of elegance, comfort, and natural beauty. Boasting panoramic views of the glistening waters and surrounding mountains, this lakeside retreat presents an exceptional opportunity for those seeking a harmonious blend of modern luxury and idyllic serenity. Not only can you enjoy the beautiful lake, but you're walking distance to Downtown Burlington, Battery Park, shopping, restaurants, breweries, shopping, entertainment and more! With two units, this is the perfect opportunity to occupy one (either year round or as a seasonal retreat!) and rent the other, or rent both for a sensational portfolio boost! This property is currently in use as a highly sought after AirBnB with fantastic income potential! Don't miss your chance to own this exceptional lakeside residence!
Features
- Baths: 2 full
- Units: 2
- Style: Antique
- Year Built: 1899
- Heating: Hot Air
- Cooling: None
- Basement: Dirt,Unfinished
- Approx Sq. Feet: 1,579
- Acreage: 0.08
- Est. Taxes: $13,579
- Lot Desc: City Lot,Lake Frontage,Lake View,Lakes
- School District: Burlington School District
- MLS#: 4965053
- Website: https://www.raveis.com
/prop/4965053/13lakeviewterrace_burlington_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/1/2024
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Margaret WilcoxSales Vice President
860.916.3517
Margaret.Wilcox@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 10930
203.641.8287
Dave.Beckman@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Heidi SummaRegional SVP Insurance Sales, William Raveis Insurance
860.919.8074
Heidi.Summa@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
13 Lakeview Terrace, Burlington, VT, 05401
$1,300,000
Margaret Wilcox
Sales Vice President
William Raveis Real Estate
Phone: 860.916.3517
Margaret.Wilcox@raveis.com
Dave Beckman
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
| Monthly Tax Payment | $1,132 | $1,132 | $1,132 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,319 | $6,832 | $9,060 |
| Total Monthly Payment | $7,576 | $8,089 | $10,317 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484