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Tucked away in the small town of West Fairlee, this 2005 Northeastern Log Home is a functional year-round home with plenty of expansion opportunity, or keep it simple and enjoy easy living on 15 wooded acres. Located on a town-maintained dead-end road, the property offers privacy, recreation, and direct access to VAST and VASA trails, all just minutes from Lake Fairlee, Lake Morey, Bradford, and Interstate 91. The home is well laid out with everything you need in under 1, 000 square feet, including a cozy loft, private bathroom, covered deck, and full basement for storage, utility space, or future potential. Heat options include a soapstone wood stove, propane wall heater, and a kerosene heater in the basement to help keep the home warm while away. Fiber optic internet is already in place, making it easy to stay connected or work from home. Outside, the land includes mature pine and hardwood, underground electric, a dug well with UV water treatment system, private 1, 000-gallon septic and leach field, and a small open field/food plot with apple trees. Established four-wheeler access leads through the property to the upper portion of the land, where long-range valley and hillside views may be possible with selective clearing. This could be an excellent future homesite, offering a quiet, middle-of-nowhere feel surrounded by woods. Live comfortably in the established year-round home below while building your dream home at the higher elevation. Located in West Fairlee, a no-zoning town, the property may offer flexibility for future use, auxiliary buildings, RVs, or expansion. Excellent opportunity for year-round living, a vacation home, short-term rental, or housing for traveling professionals. Under 3 hours from Boston and just 30 minutes to Lebanon, Hanover, Dartmouth Hitchcock Medical Center and Barre, VT. This property may qualify for VA or FHA loans.
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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 | $259,920 | $259,920 | $259,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.650% | 5.866% |
| Monthly Tax Payment | $321 | $321 | $321 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,579 | $1,643 | $2,141 |
| Total Monthly Payment | $1,975 | $2,039 | $2,537 |
* 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.