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1114 Bay Road, Colchester, VT, 05446 | $1,175,000
A rare opportunity in Chittenden County. 2019 construction on 25 acres includes a 6-8 stall horse barn, riding arena, and grazing pastures. Once housing a flower farm, much of the pasture could transition to agriculture. 10 mins to Lake Champlain and Winooski, 15 mins to Burlington and Burlington Airport. Designed by respected builders REM Development, the one story main home includes 1 bedrooms (an office with an adjacent den could act as a bedroom), walk-in tiled shower bath with double vanity and expansive wardrobe room. The kitchen/dining/living room is open concept with ceramic tile, granite finishes, and gas fireplace overlooking the eastern pastures. The home includes attached 3 bedroom (or 2 beds, one office) in-law apartment, with full bath, laundry, and separate entrance. Home could revert back to a single family home with modest renovations. The 6 - 8 stall barn once housed horses, donkeys, and chickens and is equipped with automatic stall water dispensers and a hay conveyor. Complementing the classic red barn is a riding arena and five pastures with wood rail fencing. Pasture fences are electrified. Pastures and gardening areas are (seasonally) irrigated via drilled well with water spigots. Barn roof mounted owned solar powers the barn and house. 2 car direct entry garage with ample storage. An amazing property with tremendous potential as a home business enterprise or an oasis of country in the heart of Colchester.
Features
- Rooms: 11
- Bedrooms: 4
- Baths: 1 full / 1 three-quarter
- Style: Contemporary,Ranch
- Year Built: 2019
- Garage: 2-car Garage
- Heating: Direct Vent,Gas Heater - Vented,Multi Zone,Stove - Gas,Mini Split
- Cooling: Mini Split
- Approx Sq. Feet: 3,662
- Acreage: 25
- Est. Taxes: $13,927
- Lot Desc: Agricultural,Farm - Horse/Animal,Field/Pasture,Lakes,Landscaped,Level,Open,Walking Trails,Wooded
- Elem. School: Malletts Bay Elementary School
- Middle School: Colchester Middle School
- High School: Colchester High School
- School District: Colchester School District
- MLS#: 4988310
- Website: https://www.raveis.com
/eprop/4988310/1114bayroad_colchester_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 Coldwell Banker Classic Properties Phone: 802-223-6300
Listing Agent: Theresa Murray-Clasen
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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
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1114 Bay Road, Colchester, VT, 05446
$1,175,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $940,000 | $940,000 | $940,000 |
| 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 | $1,161 | $1,161 | $1,161 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,788 | $6,254 | $8,318 |
| Total Monthly Payment | $7,074 | $7,540 | $9,604 |
* 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