NOW UNDER CONSTRUCTION! Seize the opportunity to build your dream home in a peaceful, private cul-de-sac with only three residences. Nestled in a tranquil, wooded setting with deeded access to 22 acres of preserved open space within the Arbor Meadows Residential Neighborhood, this property also offers access to shared land along the Lamoille River—ideal for kayaking and canoeing. The proposed home features a modern open first-floor plan with a spacious kitchen, dining, and living area, first-floor laundry, and a large deck. It includes three bedrooms, two and a half bathrooms, and a full walkout basement that can be finished into an 875 sq ft recreation room with an additional bathroom. A bonus room above the garage offers further potential for expanded living space. Customize the interior to your style with generous allowances for cabinetry, countertops, flooring, appliances, and other finishes. Enjoy the convenience of being close to schools and a variety of recreational activities, including Fairfax Falls, Smugglers' Notch 4-Season Resort, Mt. Mansfield, hiking, snowshoeing, skiing, and the Lamoille Valley Rail Trail/Bike Path. (photo is likeness only)
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Our Executive Mortgage Banker:
Our Insurance Division:
$545,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $436,000 | $436,000 | $436,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,937 | $2,898 | $3,677 |
Total Monthly Payment | $3,029 | $2,990 | $3,769 |
* 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.