Rare opportunity to own this landmark Lake Champlain waterfront property situated on nearly 3 acres and offering stunning panoramic views of the Green Mountains, North Hero Island and Mt Mansfield! With 610 feet of direct waterfront including deep water access, this magnificent property has many outdoor gathering areas, gardens, a 100 foot dock to accommodate most boats, a floating dock for swimming, 4 boat moorings and a beautiful awning deck overlooking the lake that can easily seat 30-40 people. The main house/lodge currently has 4 bedrooms and is able to accommodate up to 25 guests/diners as it is fully equipped with a commercial style kitchen and full Bar! Additionally, there are 6 motel style detached suites totally separate from the lodge for guests with sweeping lake views with wonderful accommodations. Since the 1950's the property has been continuously operated by the same family as the Ruthcliffe Lodge and Restaurant. You can continue to operate this successful resort property with a loyal customer base or use it as a great summertime family compound, corporate company retreat, short term rental property, wedding venue and so much more! Or invest in converting the property to year round occupancy! Versatile waterfront properties like this don't come along very often. Don't miss this wonderful opportunity to own a beautiful slice of waterfront directly on Lake Champlain within an hour of both Burlington and Montreal!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,353 | $1,353 | $1,353 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,303 | $6,826 | $9,114 |
Total Monthly Payment | $7,781 | $8,304 | $10,592 |
* 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.