This 3. 4+/- acre Parcel enjoys a desirable residential country "near end-of-road setting". Soils testing done to indicate multiple in-ground septic systems possible. Property borders 4 acres of scenic Town acreage. Near National Forest and VAST trails; only a ten minute drive to Chittenden Reservoir and Pittsford Village amenities. Killington Resort and Rutland City Services are within 1/2 hour commute. Barstow Elementary School is well respected, and the Town offers tuition for resident choice of local public high schools. The covenants, terrain and past subdivision research indicate that this Parcel enjoys rare subdivision potential for three future Lots with "insolated but not isolated" homesites. Some views with clearing possible. Seller's have an updated survey. Home Owners on Pasquale Lane (private road) and Lower Middle Road (a Class 4 town road) currently co-operate in road maintenance (no public or formal maintenance agreement known by this agent). There are reasonable deeded covenants in place to maintain current neighborhood's ambiance. This is a truly rare opportunity to homestead in Chittenden!
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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 | $71,920 | $71,920 | $71,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $478 | $478 | $607 |
Total Monthly Payment | $553 | $553 | $682 |
* 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.