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The Ira Allen House, featured in the Boston Globe and Newsday, is a charming Country Inn nestled in the Battenkill Valley of Southern Vermont and is one of Vermont's oldest operating Inns. It boasts antique floors, original hand-hewn beams and the tavern and rooms above are over two hundered years old. The house is full of history and was built by Ira Allen, Vermonts first The property sits on over ten acres featuring 420 feet of frontage on the Battenkill River, renowned worldwide for its exceptional trout fishing and is ideal for a dip on a hot, steamy day, canoeing or kayaking. The Inn is convenitently located in a four-season resort area, three miles north of Arlington and one mile south of Manchester on Historic Route 7A. Great dining, shopping, skiing and other area attractions are minutes away, including the famous Mount Equinox Skyline Drive, just a 1/2 mile north of the Inn. If operating an Inn is not your thing, this property would make an amazing private residence to enjoy family gathering filled with precious memories for years to come. There's also potential to offset expenses by renting it to large groups or occommodating overflow from various local wedding venues as Vermont has become a wedding destination for many familiies and visitors! The Inn is being sold furnished so grab your bags, your Vermont home or getaway awaits!
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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 | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.178% | 5.541% |
| Monthly Tax Payment | $917 | $917 | $917 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,512 | $3,813 | $5,113 |
| Total Monthly Payment | $4,521 | $4,822 | $6,122 |
* 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.