The Maple Hill Parcel is ideally suited for development of a family homesite where an existing graveled road with buried electric runs to a potential homesite. The land’s high elevation on Maple Hill offers potential long views to the west with tree clearing. Easily accessible with short commutes to Plainfield Village and Montpelier, Vermont, the location benefits from a quiet area with limited road noise. The land has NOT been tested and approved for septic use however soil conditions indicate the soils will likely support a septic system. The buyer should retain a soil engineer to determine if a septic can be designed for the buyers intended property uses. Note that the location of the potential homesite shown on the Fountains Land marketing maps has not been approved and is conceptual. The buyer is advised to seek all homesite location approvals from the local municipality prior to purchasing the property. The cell tower sits in a perpetual easement with access rights to the driveway, and no income is derived from the cell tower or the easement. The driveway is accessed from East Hill Road, a public Class III road.
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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 | $124,000 | $124,000 | $124,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $835 | $824 | $1,046 |
Total Monthly Payment | $910 | $899 | $1,121 |
* 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.