A unique opportunity to own a coveted parcel on Lake Champlain's Carry Bay on the North Hero Island with 230 feet of western facing waterfront. This Cottage property has been brought up to a modern standard of living with a newer drilled well, an updated septic system, as well as water conditioning and treatment systems. The Cottage has a porch entrance that includes a formal dining space, as well as tackle storage and work space. Entering the residence, a living area with natural lighting, a wood burning stove, and a view looking west over Carry Bay greets you, with a comfortable and convenient kitchen adjacent. The two bedrooms each have closets, and the primary has a walk-out onto the western-facing deck. The front yard space is expansive and provides a large recreational space as well as space for gardens. The tackle shed is historic and could use some improvements if future use is desired outside of general storage. The current parking for the lot is on a large lawn space adjacent to three mature apple trees and a spattering of other tree cover. Residents of West View Lane have ROW access to the lake via a driveway running along the southern border of this property but not on the subject parcel. The property is comprised of multiple lots allowing for future development if desired, but what is here is a fantastic start. This Cottage has been used seasonally, but year-round occupants are allowed on Lake Champlain.
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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 | $476,000 | $476,000 | $476,000 |
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 | $452 | $452 | $452 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,167 | $3,164 | $4,014 |
Total Monthly Payment | $3,711 | $3,708 | $4,558 |
* 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.