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This summer cottage was built by the current owner's parents in 1953 and has been enjoyed by his family for over 70 years. Now it's available for your family to enjoy and make lifetime memories from. The cottage features an open floor plan with a modern kitchen that offers eating space, a dining room and spacious fireplaced living room that are all open to each other plus two bedrooms and an updated 3/4 bathroom with laundry. Just off the living room is a large open porch facing the water. There is also a cozy loft area that kids would love for a sleeping space. With vinyl siding and a standing seam metal roof, exterior maintenance is minimal. There are also a 2 car garage and a boathouse right at the water's edge where you can pilot your boat right in from the open lake. The 5. 5 acre lot with 431' of water frontage on a corner with shoreline in two directions is a rare find. There is lots of open area, some wooded spots, and some wetland. You also have lots of frontage on the Lamoille Valley Rail Trail for biking, hiking, and snowmobiling. With your membership in the Joes Pond Association, you have access to the tennis courts, recreation area, and pavilion. There is potential for subdividing the lot or for building another cottage/home on the lot (with required approvals of course). Come check out this unique property that reflects the early days of summer lakeside living in the Northeast Kingdom of VT. Cottage is being sold furnished.
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William Raveis Real Estate
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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 | $583,200 | $583,200 | $583,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | $677 | $677 | $677 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,591 | $3,783 | $4,882 |
| Total Monthly Payment | $4,360 | $4,552 | $5,651 |
* 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.