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8888 US Route 2, North Hero, VT, 05474 | $1,200,000
West Shore Cabins located on the beautiful Island of North Hero is being offered for sale for the first time in many years! Established successful family business with a returning clientele base, year after year, many generations have continued to enjoy this Island resort. There are two year-round homes, and 6 seasonal cabins all with heaters to extend the rental season. Each cabin has a unique layout. All have modern conveniences, yet somehow manage to hold the ambience of days gone by. The entire property shows love and care and pride of ownership. Fishermen have loved this location because of the proximity to the State Fishing Access just a quarter of a mile away. Prime west facing location gives boaters easy access to the inland sea and the broad lake. The property provides ample space for boat and trailer parking. The current owners have used the main farmhouse for themselves, yet it would make a great addition to the rental income. Having two year-round homes on the property gives the new owners so many options. There is potential growth with additional room for more RV sites. Their West Shore Cabins website tells a nice story about the family and has great information about the property.
Features
- Property Type: Business,Industrial,Multi-Family
- Construction: Wood Frame
- Parking: Driveway,Garage,Off Street,On-Site,Parking Spaces 11 - 20,RV Access/Parking,Visitor
- Heating: Baseboard,Direct Vent,Gas Heater - Vented
- Units: 8
- Zoning: Shoreland District
- Frontage: 325
- Year Built: 1880
- Acreage: 4.38
- Est. Taxes: $9,298
- MLS#: 4976764
- Website: https://www.raveis.com
/prop/4976764/8888usroute2_northhero_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 5/13/2024Listing courtesy of Champagne Real Estate Phone: 802-372-4500
Listing Agent: Andrea Champagne
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:
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8888 US Route 2, North Hero, VT, 05474
$1,200,000
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 | $960,000 | $960,000 | $960,000 |
| 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 | $775 | $775 | $775 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,911 | $6,387 | $8,495 |
| Total Monthly Payment | $6,811 | $7,287 | $9,395 |
* 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