The 7 +/- acre parcel is situated on a gravel town maintained road, 2. 4 miles from the paved highway for easy commuting. The beauty of this country setting will captivate you with the tree lined roads, the diversity of topography along the Woodbury Mountain range, the lakes & ponds that are scattered among the area and the wildlife abounds! There is a Vermont Wastewater Permit and Septic Design in place for a 3 bedroom year round home, Town of Woodbury zoning permit, access permit and the building sketches are available the current owners were planning ~ so the guess work is done and ready to start building. Life changed for the Sellers and have relocated out of State, so their hard work in planning is your reward with this property! The majority of the land is steep to sloping. If you are adventurous, it is worth the time to hike to the high point of the land which offers seasonal lake views of Valley Lake (Dog Pond). This is the location where the dream home was being formulated. In this limit inventory market why not build your dream home instead of waiting for something to come along that is close enough? Dream it, plan it and build!
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Our Executive Mortgage Banker:
Our Insurance Division:
$75,000
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 | $60,000 | $60,000 | $60,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $420 | $404 | $519 |
Total Monthly Payment | $495 | $479 | $594 |
* 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.