00 German Flats Road, Warren, VT, 05674 | $132,000

Sprawling Sugarbush Resort spans 2 mountains: Lincoln Peak & Mt. Ellen. & there are two ways to travel between them: By chairlift on an intermountain quad, or by car on German Flats Road. It is on that road—less than 3 min from Lincoln Peak Village—where you'll find this property. Overlooking a postcard-worthy scenic beaver pond, the lot lines actually extend out into the pond & up the opposing hillside. The topography on the road side lends itself to a beautiful pond view & of course the proximity to Sugarbush is unbeatable, but there's probably not enough room for a large mansion-type home. Hike down a short distance from the road & you'll encounter a flat area perched above the water. It's a perfect build site, but any structure will have to be fairly small because the land slopes down again from there to the shoreline. This would make an unbelievably beautiful & luxurious spot to park a tiny home or recreational vehicle. The town of Warren is friendly to both, as long as certain land use regulations are followed. The road is maintained by the town all year round & 3-phase electricity is available. There's an electric substation nearby (w/ plenty of trees in between to screen it from view). If 111 ski trails aren't enough, Mad River Glen is just 8 min away. Bolton Valley is 45 min north, Killington is an hour south. Burlington is one hour northwest. The Catamount Trail, a 300-mile backcountry ski and snowshoeing trail passes directly through this property.

Features

  • Zoning: r
  • Frontage: 1
  • Lot Desc: Mountain View,Pond Frontage,Secluded,Ski Area,View,Water View,Wooded
  • MLS#: 4975158
  • Website: https://www.raveis.com
    /prop/4975158/00germanflatsroad_warren_vt?source=qrflyer
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Listing courtesy of OwnerEntry.com   Phone: 617-542-9300
Listing Agent: Dave White

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00 German Flats Road, Warren, VT, 05674

$132,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $105,600 $105,600 $105,600
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.125% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.282% 6.623%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $720 $711 $913
Total Monthly Payment $795 $786 $988

* 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.