Country Setting, yet an easy commute to the big city! This is a 4. 56 Acre site with a feel of privacy. The State of Vermont Wastewater permit is for a three-bedroom home. Lake Champlain beach access is across the street and shared with the homes in the Canamak Farm subdivision. Waterfront access is perfect for your kayak or canoe. There is an association for the road, and for the shared wastewater mound system which is installed, you will need a pump station, and septic tank to connect to the existing mound. The electricity and town water are at the corner of MacKenzie and Canamak Drive. The association fee for the lot was $500. 00 in 2022 and this included plowing of Canamak Drive. There is no driveway and for viewings you will be parking on Canamak Drive immediately in front of the sign at the entrance to the land. There is an approved State of Vermont Wetlands permit file#2019-785, and this indicates the buffer zones and upland areas.
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Our Executive Mortgage Banker:
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$99,000
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 | $79,200 | $79,200 | $79,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $527 | $526 | $668 |
Total Monthly Payment | $602 | $601 | $743 |
* 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.