566 Community Drive, Randolph, VT, 05061 | $635,000

Investors, homesteaders, tiny home enthusiasts, get ready to experience this unique 94. 3+/- acre property in beautiful Randolph VT. Two legal parcels, 6. 6+/- acres and 87. 7+/- acres. The property includes a log cabin park model home, a custom tiny home, a new full homesite currently rented by a 5th wheeler and two tent platforms. A drilled well provides water to all of the structures. Power and DSL are connected to the tiny homes with Fiber available and conduit installed. Seller rents the log cabin, tiny home and 5th wheeler site on a m-to-m basis. Tent platforms were not rented this year. There are (2) three-bedroom septic systems connected to the log cabin & 5th wheeler site. 4 bedrooms of extra capacity remain. Custom tiny home uses a composting toilet. Income approximately $3110 p/m with room for expansion. All of the 87. 7+/- acres are in the Vermont Current Use tax reduction program for forestry. 87. 7+/- acre lot is wooded with 22. 4 acres of this being conserved for recreational/forestry use only. The remaining may be subdivided developed, etc. The 6. 6+/- Acres is where all of the structures were built. The property is accessed by a beautiful private road (ROW) called Community Drive. Maintenance will be shared with two private homes and an Airbnb community. Very nice views from the log cabin area. Great opportunity to build your dream home and have rental opportunities on your property. Also for sale is a 5 lot Airbnb tiny home community see MLS#5057088.

Features

  • Zoning: Rural Ag
  • Lot Desc: Abuts Conservation,Alternative Lots Avail,Country Setting,Field/Pasture,Mountain View,Pond,Pond Frontage,Rental Complex,River Frontage
  • Elem. School: Randolph Elementary School
  • Middle School: Randolph School UHSD #2
  • High School: Randolph UHSD #2
  • School District: Orange Southwest
  • MLS#: 5069480
  • Website: https://www.raveis.com
    /prop/5069480/566communitydrive_randolph_vt?source=qrflyer
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Listing courtesy of Preferred Properties   Phone: 802-862-9106
Listing Agent: Curtis Trousdale

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

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566 Community Drive, Randolph, VT, 05061

$635,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $508,000 $508,000 $508,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 5.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.313% 6.398% 5.710%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,005 $3,128 $4,148
Total Monthly Payment $3,097 $3,220 $4,240

* 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.