Dramatic price change for this prime property on busy Route 9 in Wilmington. A busy pizza restaurant has been in this location for over 20 years with a permitted fully equipped 40 seat restaurant serving travelers and area pizza lovers alike. With 4270 total square feet (3150 square feet in the main building and 1120 in the detached barn/garage), ample paved parking, great visibility, municipal sewer and a stellar location in Mount Snow's premier vacation valley. (Vermont Dept of Transportation traffic counts are over 10, 000 vehicles per day in this location east of the village of Wilmington) In summer take advantage of nearby excellent boating, fishing, swimming, golfing and hiking in the Green Mountains. The detached heated 1120 square foot storage building has many possible uses. Subject to State of Vermont permits 2W-0829, WW-2-0249, WW-2-0249-1 and WW-2-0249-R1. The property is for sale not for lease.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $705 | $705 | $705 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,773 |
Total Monthly Payment | $3,724 | $3,721 | $4,570 |
* 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.