ONE OF A KIND BURKE PROPERTY! This property is located not only in East Burke but on one of the most desired mountain biking locations. Exceptional views of the face of Burke mountain from this property. This property offers an antique, plank home that has had many updates including a new roof, pellet stove and an updated living area. The home offers 3 bedrooms, a bonus room and a first-floor bath with laundry hook-ups and back up generator. There is a detached pole barn for storage as well as a barn that is currently used as a wood working shop and additional storage on the 2nd floor. Aside from the residence there are 4 off-grid cabins that have been used as seasonal rentals. Each cabin offers an outdoor shower, hot water, fire pit and an outhouse. If that isn't enough, there is a HUGE supply of gravel on this property and with proper permitting there is an opportunity to remove a fortune from this property. Serious inquiries only. This property is being sold AS IS.
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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 | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $474 | $474 | $474 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,942 | $3,988 | $5,060 |
Total Monthly Payment | $4,508 | $4,554 | $5,626 |
* 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.