78 Camp Elizabeth Way, Newport City, VT, 05855 | $795,500

Unique 2 acres waterfront property on lake Memphremagog. Located in the city of Newport, Vermont. Only minutes from hospital and 10 minutes to the Canadian border. Includes 2 seasonal cottages also with views to the lake. Perfect for a compound in a quiet neighbourhood and close to all amenities. Well-maintained 3 bedroom home enjoys magnificent views of Lake Memphremagog on large 2 acre lot. Property surrounded by towering pine trees and with 160 feet of frontage on the lake. Has large, fully windowed dining area, sun room, 1 full bathroom and separate 1 car garage. Large open area facing lake with flagstone terasse with fire pit. Private access to the lake and large deck at waters edge, perfect for viewing sunsets! Also included, 2 cozy seasonal cottages with 2 bedrooms & 1 bathroom each. Vinyl siding and large outdoor deck for summer bbq’s. Great for seasonal rentals or as an extended compound.

Features

  • Rooms: 8
  • Bedrooms: 3
  • Baths: 1 full
  • Style: Other
  • Year Built: 1947
  • Garage: 1-car Garage
  • Heating: Natural Gas,Wood,Forced Air,Gas Heater,Stove
  • Cooling: None
  • Approx Sq. Feet: 1,600
  • Acreage: 1.75
  • Est. Taxes: $5,164
  • Lot Desc: City Lot,Lake Access,Lake Frontage,Lake View,Landscaped,Walking Trails,Water View,Waterfront,Wooded,In Town,Near Golf Course,Near Paths,Near Skiing,Neighborhood
  • Water Front: Yes
  • MLS#: 4999552
  • Website: https://www.raveis.com
    /prop/4999552/78campelizabethway_newportcity_vt?source=qrflyer
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Listing courtesy of www.HomeZu.com   Phone: 877-249-5478
Listing Agent: Jason Saphire

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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78 Camp Elizabeth Way, Newport City, VT, 05855

$795,500

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $636,400 $636,400 $636,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.802% 5.990%
Monthly Tax Payment $430 $430 $430
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,128 $4,075 $5,285
Total Monthly Payment $4,650 $4,597 $5,807

* 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.