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This home has had a complete transformation from 2021-2024 to include a new kitchen with Calcutta gold Silestone countertops, butcher block counter, undermount sink and smart appliances. The 12 ft walk-in pantry could support a large family or possibly a commercial venture as Alburgh has no zoning this could make a great Airbnb or lodge. The wide wood floors have been preserved to keep the vintage feel but with all the modern conveniences of an updated home. The house has had updated electrical service to include 4 new panels, new pex and PVC plumbing. The three upstairs bedrooms all got 3 new baths and the first floor got a new 1/2 bath in the combo dining living room. In 2024 a propane heat stove was added in the living room, and all new electric heat was added throughout. The garage got a fire rated ceiling. The 2nd floor got a new glass door and the washer & ventless dryer were replaced. A new water heater was installed in 11/25. The house already has a studio apartment with a wood stove. The house has two additional rooms that are accessible from the main house and with some modification could make a good rental option. Use this as a single family with accessory dwelling or as a rental.
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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 | $312,000 | $312,000 | $312,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.132% | 5.541% |
| Monthly Tax Payment | $295 | $295 | $295 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,772 | $1,869 | $2,508 |
| Total Monthly Payment | $2,142 | $2,239 | $2,878 |
* 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.