570 South Prospect Street, Burlington, VT, 05401 | $14,000,000

Sitting proudly on a hilltop in the heart of Burlington VT and surrounded by the greens of the Burlington Country Club Golf Course, sits Fairholt. An iconic brick and stone Estate nestled on 17 acres. Originally built in 1890’s by Henry Holt a New York Publisher and landscape designed by Frederick Law Olmstead. Current owner purchased the home in 1996 and began a large renovation adding porches and two new wings on the east and west side of the house. Expanding the house from 9700 sq ft to almost 14, 000 on five levels. The interior finishes are like none seen in this area. Using only the most exquisite materials. The Great room spans almost 60 ft in length with 24-ft high ceilings and herringbone laid African Mahogany floors. The main level encompasses the large bright eat in kitchen, with access to screen porch and bluestone patio, large dining room for entertaining, a library with custom cherry built bar area, family room for relaxing, a large recreation room and two offices . The Luxurious primary suite spans the entire second level with large bedroom, spa like bath, private gym with hot tub and separate Laundry room. A private oasis to unwind in. The third level houses 5-bedroom suites each with their own tile custom baths and two with fireplaces. The fourth level is a delight for your guests to retreat and a playroom. All are accessible by the elevator that reaches all 5 levels. The lower level is a movie lovers dream, with theatre room seating 16 chairs and a stage.

Features

  • Rooms: 16
  • Bedrooms: 7
  • Baths: 2 full / 5 three-quarter / 4 half
  • Style: Colonial,Historic Vintage
  • Year Built: 1904
  • Garage: 4-car Garage
  • Heating: Natural Gas,Forced Air,Geothermal,Radiant Floor
  • Cooling: Central AC
  • Basement: Climate Controlled,Concrete Floor,Insulated,Partially Finished,Stairs - Interior,Storage Space,Exterior Access,Stairs - Basement
  • Approx Sq. Feet: 13,649
  • Acreage: 17.6
  • Est. Taxes: $115,019
  • Lot Desc: Country Setting,Landscaped,Level,Mountain View,Open,Secluded,View,Wooded,Abuts Golf Course,Near Country Club,Near Golf Course,Near Hospital
  • Elem. School: Edmunds Elementary School
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • School District: Burlington School District
  • MLS#: 4989760
  • Website: https://www.raveis.com
    /eprop/4989760/570southprospectstreet_burlington_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/21/2024
Listing courtesy of Four Seasons Sotheby's Int'l Realty   Phone: 802-864-0541
Listing Agent: Mary Palmer

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

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Brian.Skelly@raveis.com

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570 South Prospect Street, Burlington, VT, 05401

$14,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

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 $11,200,000 $11,200,000 $11,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.348% 5.911%
Monthly Tax Payment $9,585 $9,585 $9,585
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $62,717 $68,960 $93,006
Total Monthly Payment $72,427 $78,670 $102,716

* 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.