6 Terrill Gorge Lane, Morristown, VT, 05661 | $190,000

This spacious lot spans 2. 4 acres on both sides of Terrill Gorge Lane, a serene area in Morristown. Imagine listening to the Kenfield Brook as it rushes through the nearby Terrill Gorge. This lot is a blank canvas waiting for you to build the home of your dreams with mountain views. Just a one-minute drive away, to indulge at the world-famous Black Diamond BBQ. Morristown Center is a mere five-minute drive that will take you to the heart of Morristown. Stowe Town line is within a quick five-minute drive. Explore miles of trails right from this parcel on your mountain bike or cross-country ski in the winter months. Vermont Association of Snow Travelers (VAST) snowmobile trail network is also accessible. Over 200 acres of preserved land abut the neighborhood, just a ten-minute walk from the lot. Three-bedroom septic permit already in place. Underground hook ups are available on the property. The nearby Terrill Gorge offers more natural beauty and swimming opportunities.

Features

  • Zoning: res
  • Frontage: 300
  • Lot Desc: Country Setting,Hilly,Mountain View,View
  • MLS#: 4988122
  • Website: https://www.raveis.com
    /prop/4988122/6terrillgorgelane_morristown_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.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 5/16/2024

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Lisa SorbaraSenior Sales Associate

203.536.1064

Lisa.Sorbara@raveis.com

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Mace L. RattetVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69957

914.260.5535

Mace.Rattet@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

Francine SilbermanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69244

914.260.2006

Francine.Silberman@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

Michael AlvordInsurance Sales Director, William Raveis Insurance

203.925.4507

Michael.Alvord@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

6 Terrill Gorge Lane, Morristown, VT, 05661

$190,000

Lisa Sorbara

Senior Sales Associate

William Raveis Real Estate

Phone: 203.536.1064

Lisa.Sorbara@raveis.com

Mace L. Rattet

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.5535

Mace.Rattet@raveis.com

NMLS Mortgage Loan Originator ID 69957

Francine Silberman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.2006

Francine.Silberman@raveis.com

NMLS Mortgage Loan Originator ID 69244

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $152,000 $152,000 $152,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.133% 6.256%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,037 $1,010 $1,282
Total Monthly Payment $1,112 $1,085 $1,357

* 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.