Potential is the word. Location is the key for this corner lot which has an entrance from Route 129, and a curb cut on Route 2. Years ago, it was the location of Kathy's Kitchen. Do you have an idea for a commercial site? Currently there are two homes and a two car detached garage. There are two addresses 7584 and 7586. The two homes are being sold as is. There are two concrete septic tanks, one for each house. There is one shared well. There are two electric meters on the pole. The town water is coming soon, they say! The State of Vermont says that you have 4 years to rebuild should you decide to tear down the two buildings. There is no electricity on at either site. The town lister's have said this is a lot. This is the site of the cross from the Little Brown Church.
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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 | $111,999 | $111,999 | $111,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $206 | $206 | $206 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $764 | $755 | $960 |
Total Monthly Payment | $1,045 | $1,036 | $1,241 |
* 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.