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Operational sawmill in Irasburg, VT available for sale. Turnkey opportunity with the sale including the real estate, equipment, business & goodwill. The Piette Sawmill sits on 11. 16 acres and has 5 buildings totaling 15, 265 SF+/- that includes: 1) 7, 865 SF Operational Mill-121'x65', 2) 2, 880 SF Metal Shop-48'x60', 3) 2, 400 SF Dry Kiln-30'x80', 4) 1, 800 Stick Shop-36'x50' and 5) 320 SF New Post & Beam Office. Current owner/user has produced 30K+/- board feet/day of custom pine or hardwood lumber products and various sized beams. Byproducts include sawdust sales. This turnkey operation includes everything needed to go from logs to products: log load deck, debarker HMC & computer, computer saw carriage, enclosed saw booth, hydraulic saw, conveyor belts, Cardinal edger, green chain conveyor, chipper, lumber conveyor, sawdust blowers & loading dock, dry kiln able to hold 140k+/- board feet w/ hydraulic retractable doors, heavy power (480V), fuel tanks, misc. tools, loader storage, planer, multiple office areas. Land is mostly level allowing lumber & truck loading. Seller is willing to assist with mill operations for a negotiable period of time after the sale. Buyer shall have a +$200K purchase option for 10 Simino Lane (homestead) which includes a 3500+ sq. ft single family home with 6 beds/2 baths, attached 24'x30' two-stall garage, a detached 35'x60' workshop/garage, its own drilled well & septic, and is set on 4. 9 acres. All measurements are approx.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $599,200 | $599,200 | $599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | $476 | $476 | $476 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,449 | $3,641 | $4,856 |
| Total Monthly Payment | $4,017 | $4,209 | $5,424 |
* 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.