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The Terraces is a 55+ community set on 7. 29 acres just outside Shelburne Village, offering easy access to village amenities and a short drive to Burlington. Built into a gently sloping hillside, the thoughtful design allows all 6 residential buildings to offer two levels with ground-level access from opposite sides. The front entry serves the upper-level condominiums while the rear entry is at grade for the lower-level units, allowing residents to avoid stairs when entering and leaving their homes. A central staircase connects the floors and includes a motorized chair lift for assistance. Each building also features a shared laundry room on the lower level. This upper-level unit stands out for its remodeled kitchen, where a previous owner removed the traditional peninsula to create an open layout with improved mobility and unobstructed sightlines into the main living area. The result is a bright, functional workspace ideal for everyday living and entertaining. Solid surface laminate flooring extends throughout the living area and into the primary bedroom. The bathroom was thoughtfully renovated in March 2026 with new flooring, vanity, toilet, built-in storage cabinet, mirror, light fixture, and faucet. The interior was freshly painted this spring, and a brand new built-in wall A/C unit was installed in the living room last summer for added comfort. Early risers will enjoy the private east-facing balcony overlooking the neighborhood, woods, and hillside across the street while welcoming the morning sun into both the living room and bedroom. A unique feature of this HOA is the seventh building, which serves as a community center for the 58 residents with an on-site full-time property manager, maintenance support, dining room, exercise room, crafts room, library, and more. The Terraces offers an affordable opportunity for homeownership in Shelburne, with a strong sense of community and amenities designed to make daily living comfortable, connected, and convenient.
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/13/2026Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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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 | $147,920 | $147,920 | $147,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $139 | $139 | $139 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $887 | $923 | $1,218 |
| Total Monthly Payment | $1,101 | $1,137 | $1,432 |
* 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.