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For the first time since 1984 the beautiful Majestic Falls Forest, located in the famous ski town of Stowe Vermont, is finally for sale. This expansive 19. 47+/- acre woodland property sits above the VT-100 corridor with views of the valley farms to the north and Mt. Mansfield to the northwest. A very mature woodland is made up primarily of hemlock intermixed with maples and birch. Enjoy the wildlife as the deer move steadily through the property to feed in the abundant fields below. Two tributaries of the Moss Glen Brook flow gently through the property. The property is named for the incredible falls on the eastern tributary, 150+/- feet of beauty, rolling over large rock slabs and boulders. The driveway is a ROW that has been well marked and roughed in up to one of the potential home sites. Two stream crossings will be required and there is a small pond at the entrance to the property. Conveniently, a residential power line runs on the west edge of the property greatly simplifying utility access. The ROW is accessed from the end of a very nice residential neighborhood whose roads are plowed and maintained by the town. The land is gently rolling with many potential areas for a home or homes. The seller does have a preliminary 5 lot subdivision plan from the 80’s that can be provided along with soil test pit results. Stowe is well known for its year-round recreation, shopping, events and the Stowe Ski Resort. An amazing opportunity to create your private estate.
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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 | $556,000 | $556,000 | $556,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,070 | $3,289 | $4,433 |
| Total Monthly Payment | $3,162 | $3,381 | $4,525 |
* 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.