Rare opportunity to own a piece of Ludlow history! The elegant and charming Plum Rose Inn & Tea House is for sale for the first time in over 25 years. This 115 year old home has been meticulously maintained, conscientiously upated over the years and actively licensed by The State of Vermont Commissioner of Health to operate as an Inn within the past year. The 1. 85 acre property is located on a secluded cul-de-sac and publicly maintained road, only 3 minutes by car or Mountain Shuttle from Okemo Mountain Resort, a short stroll to downtown Ludlow, 8 minutes from the prestigious Fox Run golf course and close to many of our area lakes making it the perfect venue to create a private and comfortable vacation destination for family, friends and/or rentals. There's a total of 15 rooms and 6 bathrooms, the attached renovated carriage house with 3 bedrooms/1 full, 3/4 & half bathrooms. The main house has gleaming hardwood floors, exquisite original woodwork and is listed as a 3 bedroom/2 full & 1/2 bath plus has 2 bonus renovated 3rd level rooms. House is sold AS IS with right to inspect. Please do not include deadlines on submitted offers. Face time tours available upon request. In January 2023 The New York Times voted Ludlow as one of the Top 10 Most Profitable Winter Vacation Rental Areas in the USA. Now is your chance to own a majestic Ludlow home and live in your own Hallmark Movie!
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Our Executive Mortgage Banker:
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$725,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | $594 | $594 | $594 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,957 | $3,855 | $4,894 |
Total Monthly Payment | $4,643 | $4,541 | $5,580 |
* 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.