Welcome to 168 Main St, only 8 miles from Jay Peak Resort! This 1885 home known by locals as “The Old Bank”, has SO MUCH potential! Zoned as a residence with 2 apartments, it could be a great owner-occupied home with 2 rentals for extra income. This property is in 4 parts. The front, with 2 cool vaults, has “Grandfathered Retail Status” from the Town and hardwood floors, great natural light, new electric fireplace, and incomplete ¾ bath. The 2nd part is the 2-bedroom dwelling with main level kitchen and laundry, 2nd floor living room, full bath, and 2 bedrooms with shiny hardwood floors. Large attic space with cedar closet for more possible living area. In back is part 3, which is a 698 sq. ft. studio apartment with a ¾ bath, and above that is part 4, a 698 sq. ft. 1-bedroom apartment with deck! HUGE paved parking lot too! Enjoy 19th-century charm, but with modern updates like a new metal roof, siding, fresh interior and exterior paint, appliances, “on demand” Bosch boiler (3 zones), extra hot water tank, interior trim, and flooring, all since 2020! Also a tall concrete foundation added in 2000, with another walk-in vault!
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Our Executive Mortgage Banker:
Our Insurance Division:
$349,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,920 | $279,920 | $279,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.936% | 7.159% | 6.276% |
Monthly Tax Payment | $451 | $451 | $451 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,910 | $1,860 | $2,361 |
Total Monthly Payment | $2,436 | $2,386 | $2,887 |
* 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.