1277 East Lakeshore Drive, Colchester, VT, 05446 | $689,900

Fantastic opportunity to own your piece of Lake Champlain! Imagine mornings waking up welcomed by the westerly views over Mallets Bay and evenings, being showered by sunsets over the lake and Adirondacks. Your life will be at peace living on the lake. Built by Lewis Creek Builders. 3 bedrooms and 4 bathrooms are spread out over 4 floors of living. As you enter the home, you will immediately see the views of the lake. The open concept 1st floor optimizes functionality and entertaining for you and your guests. The chefs kitchen leads right to the built in dining area and further more the living room. You also have a small balcony/deck great for enjoying your morning coffee or evening beverage. Continuing up stairs you will find the spare bedrooms and guest bath on the 2nd floor and large primary suite hosts the entire 3rd floor giving you enough room to spread out and have your privacy. Beautiful wood floors upstairs. Down on the lower level you can access the outdoor space and sandy beach! You have a 1/2 bath, utility sink and wet bar—perfect for easy access when needing supplies on the beach! Completely turn key, comes fully furnished, including the dock/two jet ski slips, and mooring. What more can you ask for?! A ton of potential here for your family’s own getaway/vacation spot or even an investment property as a rental. Property being sold as seasonal April 1 - October 31. Minutes to Church Street in Burlington, I89, Bayside Park, Sunset Drive-in, and many more!

Features

  • Amenities: Common Acreage
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 1 full / 1 three-quarter / 2 half
  • Style: Contemporary,Multi-Level
  • Year Built: 2013
  • Heating: Baseboard,Electric,Heat Pump,Hot Water,Multi Zone,Mini Split
  • Cooling: Mini Split
  • Basement: Interior Access,Partially Finished,Walkout
  • Approx Sq. Feet: 2,229
  • Est. Taxes: $7,394
  • Lot Desc: Beach Access,Lake Access,Lake Frontage,Lake View,Lakes,Landscaped,Mountain View,Open,Water View,Waterfront
  • Water Front: Yes
  • Middle School: Colchester Middle School
  • High School: Colchester High School
  • School District: Colchester School District
  • MLS#: 5002791
  • Website: https://www.raveis.com
    /prop/5002791/1277eastlakeshoredrive_colchester_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 7/5/2024
Listing courtesy of Geri Reilly Real Estate   Phone: 802-862-6677
Listing Agent: Geri Reilly

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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:

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Our Insurance Division:

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1277 East Lakeshore Drive, Colchester, VT, 05446

$689,900

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 $551,920 $551,920 $551,920
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 $616 $616 $616
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,718 $3,668 $4,732
Total Monthly Payment $4,426 $4,376 $5,440

* 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.