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Elevated buildable lot with magnificent views of Burke Mountain and Kirby Mountain in Lyndon, VT. A septic design for a three-bedroom house is available, as well as a state-approved wastewater permit that conveys with the land. A boundary survey is also available. Access to the property is via an undeveloped 50-foot right-of-way, which runs east from the property for 350 feet where it meets up with Pudding Hill Road. A driveway will need to be installed over this right-of-way before or during development of the main lot. The lot's rear boundary is the Caledonia County Airport, which has about six small aircraft takeoffs on an average day. This airport is currently pending a sale to BETA Technologies, a manufacturer of silent electric aircraft. Due to a deed restriction the dwelling must be constructed on the west side of the property, but this is the best location and the spot with the best views. The dwelling must also be screened by trees from the view of a neighboring house to the northeast at 37 Old Place Road. No tree cutting is allowed within 10 feet of the side boundary lines, however the east boundary line facing the mountains is already mostly clear. Please note some of the photos in this listing depict the right-of-way or the east-facing mountain views rather than the subject property itself.
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William Raveis Real Estate
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NMLS Mortgage Loan Originator ID 81725
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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 | $31,999 | $31,999 | $31,999 |
| 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 | 6.322% | 6.280% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $184 | $194 | $259 |
| Total Monthly Payment | $259 | $269 | $334 |
* 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.