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This well-maintained, 2-bedroom, 1-bath South Burlington condo offers an excellent opportunity for both investors and future owner-occupants. Ideally located nearby UVM, the property provides easy access to I-89, BTV Airport, UVM Medical Center, and shopping in downtown Burlington. Inside, the unit features an open floor plan with the kitchen flowing into the dining area, where abundant natural light pours in through the sliding glass door leading to a private patio overlooking a peaceful pasture and the UVM horse farm. Just off the kitchen is a spacious living room filled with natural light, creating a comfortable and inviting living space. The condo also includes two comfortably sized bedrooms and a full bathroom with an updated vanity. Improvements from 2024 include updated flooring and fresh paint, a new Rinnai wall unit installed January 2026, and newer kitchen appliances giving the unit a clean, modern feel. The Horizon Heights Association offers great amenities including an in-ground pool during the warmer months, a community playground, and a basketball court. The unit also comes with two assigned off-street parking spaces. Previously rented at $2, 400/month, this property offers income potential or the ability to be owner occupied. With many condo associations in the area already at their rental cap, the ability to rent this unit adds significant long-term value and flexibility for investors. A great opportunity in South Burlington and a must-see.
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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 | $239,200 | $239,200 | $239,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $253 | $253 | $253 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,433 | $1,492 | $1,970 |
| Total Monthly Payment | $1,761 | $1,820 | $2,298 |
* 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.