4111 VT Route 114, Canaan, VT, 05903 | $399,000

Wallace Pond, known as Lac Wallace on the Canadian side, is a sparkling 532-acre international lake ready to be the setting of your new year-round residence or home away from home. With 75’ of water frontage, the seasonal cottage offers a kitchenette, dining and living room space, as well as a ¾ bath inside; outside there’s a wrap-around deck and level lawn area so you have everything you need for long, hot summer days at the lake. Across the road, the main house is perched on 2. 36 acres, where you’ll be comfortable taking in the wonderful northerly views of the lake and surrounding mountains thanks to the deck, covered front porch, enclosed porch, and window-wrapped sunroom. A remarkable stone chimney is a unique feature in the kitchen, while the outdoor sights are the main draw in the dining room. Pine walls and a brick wood-burning fireplace make the living room warm and inviting. A bedroom, office, laundry area, and full bath complete this level. Up the stairs, 2 bedrooms share another full bath. Boating, fishing, and swimming are literally outside your door, and hiking, ATV, and snowmobile trails are also nearby. Make an offer now and make the most of summer and all of Vermont’s other seasons with this special two-for-one lakefront property in the spectacular Northeast Kingdom.

Features

  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full
  • Style: Cape
  • Year Built: 1950
  • Garage: 2-car Garage
  • Heating: Oil,Pellet Stove,Forced Air,Hot Air,Stove - Pellet
  • Cooling: None
  • Basement: Concrete,Partial,Stairs - Interior
  • Approx Sq. Feet: 1,788
  • Acreage: 2.47
  • Est. Taxes: $6,484
  • Lot Desc: Lake Access,Lake Frontage,Lake View,Lakes,Landscaped,Level,Pond,Pond Frontage,Sloping,Trail/Near Trail,Water View,Waterfront
  • Water Front: Yes
  • Elem. School: Canaan School
  • Middle School: Canaan Schools
  • High School: Choice
  • School District: Canaan School District
  • MLS#: 5000605
  • Website: https://www.raveis.com
    /prop/5000605/4111vtroute114_canaan_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 Century 21 Farm & Forest/Burke   Phone: 802-626-4222
Listing Agent: Brandy Goulet

William Raveis Family of Services

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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4111 VT Route 114, Canaan, VT, 05903

$399,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $319,200 $319,200 $319,200
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 $540 $540 $540
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,124 $2,122 $2,692
Total Monthly Payment $2,739 $2,737 $3,307

* 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.