This 600+/- acre private, unrestricted property is located in the Southern Green Mountains in the town of Jamaica, Vermont near Stratton Mountain, Bromley, and the newly reconstituted Magic Mountain ski areas. The Southern Green Mountains region is a combination of High Peaks, high plateaus, and the property has a steep drop off to the west allowing dramatic view from its two peaks, one of which is a named peak of College Hill with its 2, 100’ elevation. College Hill is a woodland property that has not been timbered since before the owners purchased the property in 1953. There are 3 small streams that originate on the property and run into Ball Mountain Brook which feeds the West River. A variety of trails run throughout and one terminates at the top of College Hill offering incredible views. Old logging roads on the property can be used for a variety of recreational activities, including mountain biking, snowshoeing, and hiking. A forest management plan describing the various timber stands is available. The property is not in the VT Current Use program. Jamaica is known for its picturesque landscapes and natural beauty. The area is surrounded by the lush Green Mountains, which include pristine forests, and meandering rivers. If you enjoy outdoor activities like hiking, skiing, fishing, or simply appreciating nature, Jamaica offers a stunning backdrop for these pursuits.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,359 | $10,113 | $13,451 |
Total Monthly Payment | $9,484 | $10,238 | $13,576 |
* 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.