Nestled on the banks of Otter Creek, with direct access to Lake Champlain, this property built in 2021 offers convenient one-level living with an open concept design. The kitchen with stainless appliances opens to the dining area living room flooded with natural light and views of the creek. Enjoy views of the creek from your bedroom with an en suite bathroom. A convenient half bathroom is located off the living area and features laundry. Outside, a covered deck has steps leading to the dock - perfect for enjoying the waterfront setting or entertaining guests. Situated approximately 15ft. above the serene Otter Creek, this retreat provides an idyllic backdrop for kayaking, birdwatching, or simply unwinding by the water's edge. The Otter Creek's direct access to Lake Champlain opens up a world of recreational possibilities including boating, water sports, and fishing. Located close to the renowned Basin Harbor Resort, the Lake Champlain Maritime Museum, and Vergennes.
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Our Executive Mortgage Banker:
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$449,500
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 | $359,600 | $359,600 | $359,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $305 | $305 | $305 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,423 | $2,390 | $3,033 |
Total Monthly Payment | $2,803 | $2,770 | $3,413 |
* 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.