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Attention all entrepreneurs! This property is in the heartbeat of Chittenden county Vermont! This 1. 4 Acre property is 96% in Jericho with road frontage in Underhill has been Approved for a 4 lot subdivision! Historically known as First Step Print Shop with residence in the Riverside Village Center District 3 of Jericho. The charming house has been lovingly maintained and updated over the years. Walk into a cozy family room with gas heat stove, barn board walls and large windows. Updated in 2023; kitchen with new cabinets, quartz counter tops and updated full bathroom with walk in shower and laundry on main floor. First floor bedroom currently used as an office with tray ceiling and crown molding. Small dining area and living room with built in TV cabinet. Front porch room easily could be used as another office. Two bedrooms upstairs with open landing area. The old print shop is permitted for a 1 bedroom detached accessory apartment in the front and two-2 bedroom apartments & a 1 bedroom apartment in the back. The additional lot in the back is permitted for a new 3 bedroom residence. Town water, Natural gas, Xfinity internet and an Underhill mailing address. Not interested in Rentals and have a business idea? Review Jericho Town Zoning and see options for what is permitted or can be conditionally permitted. 30 minuets to Burlington and UVM Medical Center, 45 minuets to ski resorts and hiking Mt Mansfield is only minuets away! Also MLS#5003306.
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William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $656,000 | $656,000 | $656,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $598 | $598 | $598 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,880 | $4,146 | $5,625 |
Total Monthly Payment | $4,570 | $4,836 | $6,315 |
* 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.