A rare opportunity to own a newly reconstructed home in a fantastic Burlington location! This 1920 home has been painstakingly rebuilt down to the studs over the last 10 years. Attention was paid to every detail in creating this tasteful & contemporary design of the utmost quality. The warm & welcoming space includes a modern twist on a farmhouse kitchen, with open shelving, butcher block counters, and a vaulted wood ceiling. The adjacent dining space offers built-in storage/seating in an open-concept floor plan. A mudroom and powder room add convenience to the main level, while an addition to the home in 2021 created a bright and generous living room space. Above the living room is a gorgeous primary bedroom with soaring ceilings and custom closets. Two more bedrooms feature exposed wood structure, custom built-ins, and other unique details. Outside the home, the covered front porch offers a spot to relax and enjoy the tight-knit community. The more private and lush back yard features a deck, low-maintenance landscaping, and a custom-built shed. This is a solidly built home from top to bottom, from the new concrete foundation to the standing seam metal roof. With a tightly insulated envelope and heating & cooling with mini-split heat pumps, it also provides high-level energy efficiency. The location on this quiet dead-end street provides the utmost convenience; a 10-minute walk to the waterfront or downtown and a short commute to UVM. This standout home is truly a must-see.
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $679 | $679 | $679 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,638 | $3,589 | $4,630 |
Total Monthly Payment | $4,409 | $4,360 | $5,401 |
* 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.