274 Jackson Cross Road, Pownal, VT, 05261 | $1,500,000

Business, Investment, and Lifestyle Opportunity in Southwestern Vermont This offering is the opportunity to control as much as 70 acres on both sides of Jackson Cross Road, that includes: 4 single family dwellings (three occupied), one camp structure, the original mobile home park layout of 64 lots (8 not currently served by utilities), 23 park owned mobile homes (subject to possible individual sales to tenants) *, a private water system, and two structures. There are multiple options available to the future owners including to live on the premises in one of the existing homes, to sell off more mobile homes or the single family homes, to subdivide the property and sell individual pieces, to install a park manager and operate this as an investment property from a remote location, amenities to enhance the park's appeal, to add an RV area for seasonal rental income, to develop the currently unused 11 acres on the north side for more homes or an owner's new home, or others. The two sides of Jackson Cross Road are owned under two separate entities, all under the same family control and therefore there are options for how much of the offering the future purchaser wants. The offering can be divided in several different ways however, at this time, there is a preference by the owners to sell everything at once. All mobile homesites either have connection or potential connection to the private water system and town sewer.

Features

  • Property Type: Business,Land,Multi-Family,Opportunity
  • Construction: Other Exterior
  • Parking: Off Street,On-Site
  • Zoning: multi; residential; other
  • Acreage: 70
  • Est. Taxes: $25,858
  • MLS#: 4914705
  • Website: https://www.raveis.com
    /prop/4914705/274jacksoncrossroad_pownal_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.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 5/21/2024
Listing courtesy of Harsch Associates   Phone: 413-458-5000
Listing Agent: Paul Harsch

William Raveis Family of Services

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052

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Our Insurance Division:

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274 Jackson Cross Road, Pownal, VT, 05261

$1,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,200,000 $1,200,000 $1,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.377% 6.851% 6.664%
Monthly Tax Payment $2,155 $2,155 $2,155
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,195 $7,783 $10,453
Total Monthly Payment $9,475 $10,063 $12,733

* 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.