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424 Miller Way, Newport Town, VT, 05857 | $2,795,000
Welcome to Grandview at Whipple Point, a rare opportunity to own a piece of Lake Memphremagog history. Located on a private, dead-end road, this retreat offers incomparable sunsets and panoramic lake views. Cook a meal in the chef's kitchen while gazing out at your private beachfront, dock, and the expanse of water beyond. Extra company? There's always room for more in the finished suite over the garage. The property is impeccably landscaped with 3 acres of mowed lawn and 2 westerly wooded acres, and includes fruit-producing apple trees, berry bushes, and lilacs. The lawn is perfect for outdoor games like bocce, croquet, and badminton. The wooded land is a perfect setting for a boat garage or guest cabin for family and friends. From this property, you can watch sailboat regattas, bass master fishing competitions, Newport's 4th of July fireworks, and more! Or, board your boat from your newly paneled private dock for an excursion of your own. From an investment standpoint, you can see the value further solidified by the presence of two new homes, each of significant worth, on adjacent lots. Across the private road, the property has +/- 2 acres that could be developed with potential lake views. The estate is conveniently located just 15 miles from Jay Peak and less than an hour from Burke and Stowe, making it an all-season destination for outdoor enthusiasts. Access is easy: only 10-15 minutes off I-91 and a stone's throw from Canada. Say hello to Vermont & welcome to Paradise!
Features
- Rooms: 11
- Bedrooms: 4
- Baths: 2 full / 2 three-quarter
- Style: Contemporary,New Englander
- Year Built: 1987
- Garage: 3-car Garage
- Heating: Baseboard,Hot Water
- Cooling: Mini Split
- Basement: Concrete,Stairs - Interior,Storage Space,Unfinished
- Approx Sq. Feet: 5,850
- Acreage: 5.1
- Est. Taxes: $16,648
- Lot Desc: Beach Access,Country Setting,Deep Water Access,Lake Frontage,Lake View,Landscaped,Mountain View,Open,Recreational,Secluded,Sloping,Trail/Near Trail,View,Waterfront,Wooded
- Water Front: Yes
- Elem. School: Newport Center Elementary
- Middle School: North Country Junior High
- High School: North Country Union High Sch
- School District: Newport Town School District
- MLS#: 4966289
- Website: https://www.raveis.com
/eprop/4966289/424millerway_newporttown_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 5/15/2024Listing courtesy of KW Vermont-Stowe Phone: 802-760-3100
Listing Agent: Dianne Laplante
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.
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888.699.8876
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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
- 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
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@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
424 Miller Way, Newport Town, VT, 05857
$2,795,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,236,000 | $2,236,000 | $2,236,000 |
| 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 | $1,387 | $1,387 | $1,387 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,406 | $14,503 | $19,478 |
| Total Monthly Payment | $14,918 | $16,015 | $20,990 |
* 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