Own your own lost paradise in the Northeast Kingdom! When you finally reach the end of Cedar Wood Drive, more than a mile past the nearest neighbor, it's hard to believe you haven't traveled back in time. With over 440 acres of land, every tree, hill and field you can see is yours. At the center of the property, nestled in its own little valley, lies the old homestead. Immediately surrounding it there are about 37 acres of sunlit pasture filled with apple trees, wildflowers, and grasses. At the edge of the fields is a beautiful spring fed pond. The balance of the property is forested and there is every forest type and age present. Whether you're out hiking, riding, skiing, or working the land, access is fantastic through an existing network of old farm and logging roads spanning miles. The acreage encompasses Haystack Hill and runs along the ridge of the hills directly east. Both slopes have several hundred feet of vertical drop through hardwood glades that could easily make a private backcountry skiing dream come true. Substantial ongoing timber income could be derived by continuing the property in the current use program and utilizing selective cut logging over the coming years. The old 4 bedroom farmhouse was built in 1870 and has power. The structures are in need of significant repairs but the house could be restored. This is truly a place you can lose yourself for weeks at a time and enjoy it all.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 6.790% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,627 | $3,581 | $4,644 |
Total Monthly Payment | $3,719 | $3,673 | $4,736 |
* 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.