Bring your vision and ideas. Multi use commercial/residential property situated on RT122 at a lighted intersection in the prime location of Rutlands “4 Corners”. The Village Center District zone opens up many possibilities for the use of this property. There are currently 3 buildings and a large (14x32) shed on site. The single family home has 4 bedrooms, 2 full baths, kitchen, living room & wrap around porch. Home needs complete rehab. Renovations have been started & need to be completed. The office currently has 2 smaller spaces, each w/ their own electric or could be opened up to be 1 large office or retail space. Auto shop/garage is a single bay (2 car deep) w/ doors on both sides. Includes lift, 200amp elec, workshop, office & bathroom. Entire property is serviced w/ 300+ft deep well & 2 cesspools. Roof on garage replaced approx 2014, roof on office replaced approx 2011. Home heated via FHW (oil), Office heated via FHA (propane), Garage heated via waste oil heater.
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William Raveis Real Estate
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Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.160% |
Monthly Tax Payment | $307 | $307 | $307 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,128 | $2,102 | $2,678 |
Total Monthly Payment | $2,510 | $2,484 | $3,060 |
* 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.